Genetic Testing Sector to Reach $4 Billion by 2015
Rockville, MD, /Marketwire - MarketResearch.com has announced the addition of the new report “Global Genetic Testing Market Analysis” to their collection of Molecular Diagnostics market reports. For more information, visit http://www.marketresearch.com/RNCOS-v3175/Global-Genetic-Testing-6478780/
In a rapidly growing molecular diagnostics market, genetic testing represents a highly attractive segment. Genetic testing is a form of medical test that recognizes alteration in chromosomes, genes, or proteins. Most of the time, testing is used to find changes that are associated with inherited disorders. The results of a genetic test can confirm or rule out a suspected genetic condition or help determine a person’s chance of developing or passing on a genetic disorder. Several hundred genetic tests are currently in use, and more are being developed.
With the significant increase in the number of available tests, the genetic testing market is witnessing a strong growth pattern. According to “Global Genetic Testing Market Analysis,” the global genetic testing sector was worth around US$ 1.5 Billion in 2010, that corresponds to a share of approximately 15% in the total molecular diagnostics market. The market is further likely to grow at the rate of around 26% during 2012-2015 to reach around US$ 4 Billion. Factors contributing to this growth include increasing demand of newborn screening, high incidences of Alzheimer disease, breast cancer, colorectal cancer, diabetes etc, and research innovations.
Controversies over the splendid growth of DTC genetic testing have attracted lots of opinions and views on the selling of DNA-based tests directly to consumers. With the FDA intervention, the subject has become of more significance and it would be interesting to see whether new regulations do come in or not. The report, in this context, has presented an effective insight on the current developments in DTC genetic tests.
The report “Global Genetic Testing Market Analysis” covers almost all aspects of the global genetic testing market and provides reliable statistics on current market size and other areas. The report focuses on key regions to illustrate the state of genetic testing market & developments as these countries are witnessing improved private sector activities. Moreover, the availability of gene tests for key diseases has been discussed in a prudent manner. Recent developments with respect to product launches and strategic acquisitions have also been covered. Overall, the report is meant to provide a worth insight into the genetic testing market that would help the client to get acquainted with all the necessary information.
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