Global Genetic Testing Market - Industry Analysis and Market Forecast (2017 - 2022)
The global genetic testing market accounted for USD XXmillion in 2016 and is estimated to reach USD XXmillion in 2017. Growing at a moderately high CAGR of XX%, the market value is expected to reach USD XXmillion by 2022.
In the recent years, with advancements in science and technology, genetic testing has grown to become one of the most important markets in healthcare. Genetic testing allows diagnosis of a disease after its onset, as well as predicting the risk of acquiring a certain disease. There are a number of government initiatives that are being taken to bring about awareness and educate people about the benefits of genetic testing.
Global Genetic Testing Market- Market Segmentation
The global genetic testing market is segmented by type, disease, technology and geography.
By type, the market is segmented into carrier testing, diagnostic testing, new-born screening, predictive & pre-symptomatic testing and prenatal testing.The new-born screening market accounted for the highest market share in 2016 and is projected to reach USD XX million in 2017 and USD XX billion by 2022, at a CAGR of XX% during the forecast period. However, the carrier testing market is expected to grow at the highest CAGR of XX% from 2017 to 2022.
By disease, the market is segmented into Alzheimer's, cancer, cystic fibrosis, sickle cell anemia, Duchenne's muscular dystrophy, thalassemia, and Huntington’s disease.The cancer testing market holds the largest share and is projected to reach USD XX million in 2017 and USD XX billion by 2022. The Alzheimer’s disease testing market holds the second largest share and is estimated to reach USD XX million in 2017.
By technology, the market is segmented into cytogenetic testing, molecular testing, and biochemical testing markets.The molecular testing market holds the largest share, estimated to reach USD XX billion in 2016. However, the cytogenetic testing market is expected to grow at the highest CAGR of XX% during the forecast period.
By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa and South America.North America accounted for the highest market share and is estimated to reach USD XX billion in 2017. The market in this region is expected to be valued at USD XX billion by 2022, at a CAGR of XX% from 2017 to 2022. The Asia-Pacific market is growing at a CAGR of XX%.
Some of the key players in the market are:
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Key Deliverables in the Study
Market analysis for the genetic testing market, with region-specific assessments and competition analysis on the global and regional scales.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the genetic testing market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insight about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and also to identify the regions that are still untapped."