Data Bridge Market Research analyzes that the Genetic Testing Market is expected to reach USD 44,892.91 Million by 2029 from USD 14,587.03 Million in 2021.
The Global Genetic Testing Market The 2022 report comes with a broad overview of Components industry, development patterns, streams, and sizes. This report also calculates present and past market values to forecast the potential management of the market during the forecast period between 2022-2030. This building construction and maintenance research study involved extensive use of primary and secondary data sources. This includes the study of various parameters that affect the industry, including government policy, industry environment, competitive landscape, historical data, current market trends, technological innovation, technologies to coming and the technical progress in the related industry.
The main objective of this Genetic Testing report is to help the user understand the business in terms of its definition, segmentation, market potential, influencing trends and challenges faced by the market with top 10 regions and top 50 countries. Extensive research and analysis was carried out in the preparation of the report.
The global genetic testing market is expected to experience market growth during the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 15.3% during the forecast period of 2022 to 2029 and is expected to reach $44,892.91. million by 2029 compared to USD 14,587.03 million in 2021.
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Which Companies Dominate the Genetic Testing Market?
Thermo Fisher Scientific Inc.
Invitae CorporationBio-Rad Laboratories
PerkinElmer Inc. Illumina Inc.
Hoffmann-La Roche Ltd.
Fulgent GeneticsMyriad Genetics
Cepheid (subsidiary of Danaher)
Genetic Testing Segmentation by Type
Predictive and presymptomatic tests
sickle cell anemia
Rare genetic disorder
Fragile X syndrome
Duchenne muscular dystrophy
Global Genetic Testing Market, By Region
Middle East and Africa
The container monitoring software industry may hold the largest product market share globally during the forecast period 2022-2030. Another market driver is the growing container monitoring software industry.
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Growing prevalence of genetic diseases
Genetic disorders can cause health problems so serious that they are incompatible with life. In the most severe cases, these conditions can cause miscarriage of an affected embryo or fetus. Rising prevalence of genetic diseases and birth defects is driving demand for genetic testing
According to the article, Genetic Disorders and Birth Defects: Strategies to Reduce the Burden in the Region, 2022,
Genetic disorders and birth defects occur in about 2% to 5% of all live births, accounting for up to 30% of pediatric hospitalizations and causing about 50% of child deaths in industrialized countries.
Hence, this increases the demand for the genetic testing market.
Increased Adoption of Next Generation Sequencing
As genomics-driven pharmacology continues to play a greater role in the treatment of various chronic diseases, especially cancer, next-generation sequencing (NGS) is evolving as a powerful tool to provide deeper insight and more accurate molecular underpinnings of individual tumors and specific receptors.
Section 01: Executive Summary
Section 02: scope of the report
Section 03: research methodology
Section 04: Presentation
Section 05: Genetic Testing Market Overview
Section 06: Genetic Testing Market Size
Section 07: Five Forces Analysis
Section 08: Genetic Testing Market Segmentation by Technology
Section 09: Genetic Testing Market Segmentation by Application
Section 10: Customer Landscape
Section 11: Genetic Testing Market Segmentation by End User
Section 12: regional landscape
Section 13: decision-making framework
Section 14: Drivers and Challenges
Section 15: Genetic Testing Market Trends
Section 16: Competitive Landscape
Section 17: company profiles
Article 18: Annex
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– Recent trends and development scenarios are influencing the industry.
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The growing usage of the products in the container monitoring software market is fueling the growth of the container monitoring software market across the globe. The growing global industry is driving the growth of this market.
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What will you discover in the Global Genetic Testing Market Report?
The report provides detailed information about manufacturers, raw material suppliers and buyers of New Energy Vehicle Turbochargers with their business outlook by 2022-2029.
The report reveals key drivers, technologies and trends that will shape the global genetic testing market in the near future.
The report has added exclusive market segmentation broken down by product type, genetic testing end-user, and region.
The strategic outlook on Genetic Testing market dynamics, current production process and applications.
The report provides a statistical analysis of the current and future state of the global genetic testing market with forecast till 2029
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