Global Genetic Testing Market – North America is expected to account for higher market share of more than 55% driven by rising prevalence of genetic diseases in U.S. – Global Market Analysis 2013 – 2017 and Forecast 2018 – 2024
Global Genetic Testing Market is expected to grow at a CAGR of 14% to reach US$ 11.20 billion in 2024. The growth is coupled with the rising incidence of genetic disorders and reduction in the genetic testing prices. Around 6,00,920 cancer deaths occurred in the U.S. in 2017. Growing awareness among patients pertaining to the early diagnosis of diseases will lead to timely treatment resulting in reduced mortality. The rising incidence of diseases such as cancer, cystic fibrosis, Alzheimer’s and other genetic diseases worldwide will result in increasing number of people undergoing genetic testing for early diagnosis thereby fuelling the Global Genetic Testing Market growth.
Other factors including Technological advancement in scientific research and research instrument is increasing the importance of genetic testing throughout the globe. Availability of sensitive and efficient DNA sequencing technique for parental genetic testing allows detection of the minute amount of DNA circulating in the mother’s blood during initial stages of pregnancy. Adoption of such non-invasive prenatal testing (NIPT) at a very early stage of pregnancy is increasing worldwide thereby augmenting the industry growth over the forecast period.
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In 2017, North America dominates the Global Genetic Testing Market. The Global Genetic Testing Market demand is coupled with an increased incidence of diseases by genetic disorders and high technological advancements. The U.S. dominated the genetic testing market in the North American region. The growth of U.S. is attributable to highly advanced infrastructure to support genetic testing, regulatory support for direct to consumer (DTC) genetic testing coupled with increasing insurance coverage and reduction in the cost of genetic tests.
Asia-Pacific is expected to have a higher growth rate in the forecast period. The growth rate is driven by the major countries such as China and India. The factors including increasing R&D investment, a large pool of patients and rising government funding drive the market in the Asia-Pacific region. Other factors including advancements in genetic testing technologies, increasing prevalence of genetic diseases and growing awareness about early detection of diseases are also driving the Global Genetic Testing Market.
Cancer is a major disease provide the highest Global Genetic Testing Market share of genetic testing in 2017. The cancer disease itself is one of the leading causes of mortality and morbidity globally and was responsible for 9.2 million deaths in 2016. Around 5%-10% of all the cancers are caused by inheriting the genetic mutation. The rising incidence of cancers is leading to a significant increase in the number of the genetic test conducted for testing cancer.
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Global Genetic Testing Market
Market Segmentation
• By Type
o Carrier Testing
o Diagnostic Testing
o Newborn Screening
o Predictive and PR symptomatic Testing
o Prenatal Testing
o Nutrigenomic Testing
• By Disease
o Alzheimer’s Diseases
o Cancer
o Cystic Fibrosis
o Sickle Cell Anemia
o Duchenne Muscular Dystrophy
o Thalassemia’s
o Huntington’s Disease
o Special Diseases
o Others
• By Technology
o Cytogenetic Testing
o Biochemical Testing
o Molecular Testing
The above data will be provided for following regions/countries from 2013-2024 (USD Million)
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Spain
o Italy
• Asia Pacific
o China
o India
o Japan
o Australia
• Latin America
o Argentina
o Brazil
o Mexico
• Middle East and Africa
o South Africa
o Saudi Arabia
What information is covered in a report?
• Actual market numbers from 2013-2017, estimates and forecasts from 2018 to 2024
• Detailed market segmentation and market share analysis of each segment
• Impact analysis of various drivers and trends
• Market segmentation and landscape
• Competitive landscape, 2017.
MAJOR TOC OF THE REPORT
Chapter One: Genetic Testing Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Genetic Testing Market Competition, by Players
Chapter Four: Global Genetic Testing Market Size by Regions
Chapter Five: North America Genetic Testing Revenue by Countries
Chapter Six: Europe Genetic Testing Revenue by Countries
Chapter Seven: Asia-Pacific Genetic Testing Revenue by Countries
Chapter Eight: South America Genetic Testing Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Genetic Testing by Countries
Chapter Ten: Global Genetic Testing Market Segment by Type
Chapter Eleven: Global Genetic Testing Market Segment by Application
Chapter Twelve: Global Genetic Testing Market Size Forecast (2019-2026)
Browse Table of Contents with Facts and Figures of Genetic Testing Market Report at: https://www.maximizemarketresearch.com/market-report/global-genetic-testing-market/10781/
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