Pharmacogenetic Testing Market Size, Share, Development by 2026 by Key Players: Sonic Healthcare; Genelex; GENEWIZ; Rxight; 23andMe, Inc.; PGXT; others
The market parameters of this Pharmacogenetic Testing market report include but are not limited to latest trends, market segmentation, new market entry, industry forecasting, target market analysis, future directions, opportunity identification, strategic analysis, insights and innovation. A number of trustworthy sources such as journals, websites, and annual reports of the companies, white papers, and mergers have been referred for assembling the data and information mentioned in this Pharmacogenetic Testing market report.
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Pharmacogenetic testing is a diagnostic procedure used for the determination of drug and an individual’s genetic make-up interaction. This test is experiencing high demand as various scientists and researchers have identified the unique reactions between each individuals’ genes and drugs which has resulted in the development of a unique test which can record this interaction and provide valuable insights which is subsequently used for the development of personalized therapeutics.
Key Developments in the Market:
In January 2019, 23andMe, Inc. announced the availability of pharmacogenomics test which will be commercially available without the need for any prescriptions. This test will help provide patients and physicians with better knowledge and identification services into genes of an individual. Although, FDA has approved this test they have also issued a statement regarding not basing their treatment options on the test results
Analysis of the Market with Segment Outlook
The Pharmacogenetic Testing research report segment had a significant market share and this trend is expected to continue over the Forecast period. Other factors like Market drivers, Restraints and Drivers.
By Type
- Single Gene Tests
- Array-Based Tests
- Whole Genome Sequencing & NGS
- Whole Exome Sequencing
By Sample
- Blood
- Saliva
By Therapeutic Area
- Oncology
- Neurology
- Cardiology
- Genomics
- Immunology & Hypersensitivity
- Others
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Mail-Order Pharmacies
- Direct-To-Customer Services
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Top Companies Covered in this Report: Sonic Healthcare; Genelex; GENEWIZ; Rxight; 23andMe, Inc.; PGXT; OneOme, LLC; Mako Medical Laboratories, LLC; Myriad Genetics, Inc.; Bayer AG; BGI; Pacific Biosciences of California, Inc.; F. Hoffmann-La Roche Ltd; QIAGEN; others
Elucidation of the Market Dynamics:
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Market Dynamics Like Market Drivers, Restraints and Threats are also encompassed in the report.
Market Drivers
- Favorable scenario of reimbursement for these tests from the insurance providers is expected to propel the growth of the market
- Increasing demand for personalized therapeutic system and diagnostic tests is expected to drive the growth of the market
- High levels of healthcare expenditure being incurred on adoption of advanced testing methods and therapeutics from the developed regions of the world; this factor is expected to boost the growth of the market
Geographical Division of the Market
The Promising Regions & Countries Mentioned In Pharmacogenetic Testing Market Report are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. This helps gain better idea about the spread of this particular market in respective regions.
Synopsis of the report
- The PHARMACOGENETIC TESTING market also makes some important proposal for a new project in the market before evaluating its feasibility.
- So this report encourages you to differentiate the opportunities in worldwide Market by region.
- The report focuses on the volume and value at the global level, regional level and company level.
- It analyzes the opportunities in the market for business stakeholders by recognizing the high growth segments, threats, market drivers and risks involved.
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Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Pharmacogenetic Testing Market Size
2.2 Pharmacogenetic Testing Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Pharmacogenetic Testing Market Size by Manufacturers
3.2 Pharmacogenetic Testing Key Players Head office and Area Served
3.3 Key Players Pharmacogenetic Testing Product/Solution/Service
3.4 Date of Enter into Pharmacogenetic Testing Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Pharmacogenetic Testing Sales by Product
4.2 Global Pharmacogenetic Testing Revenue by Product
4.3 Pharmacogenetic Testing Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Pharmacogenetic Testing Breakdown Data by End User
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