Global Genetic Testing Market 2018-2022
About Genetic Testing
Genetic testing refers to an array of techniques used to analyze nucleic acids such as deoxyribonucleic acid (DNA), ribonucleic acid (RNA), and proteins. The results of the analysis determine the genetic defects caused by hereditary, chronic, and infectious diseases. Genetic testing is a rapidly growing segment of molecular diagnostics. Genetic tests can be used in non-clinical applications such as forensics and relationship testing. Genetic tests identify the genetic cause of diseases. They can predict the possibility of diseases in the future and help initiate precautionary measures and treatments in advance.
Technavio’s analysts forecast the global genetic testing market to grow at a CAGR of 10.32% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Genetic Testing Market 2018-2022.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Genetic Testing Market 2018-2022
Technavio recognizes the following companies as the key players in the Global Genetic Testing Market.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the growing demand for companion diagnostics.”
According to the report, one driver in the market is the increasing prevalence of genetic disorders.
Further, the report states that one challenge that might affect market growth is the high cost associated with genetic testing.
F. Hoffmann-La Roche
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