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Global Genetic Testing Market

By Author: jayashree rathod
Total Articles: 20

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.

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.
For more information visit:
https://www.maximizemarketresearch.com/market-report/global-genetic-testing-market/10781/
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.
This Report Is Submitted By Maximize Market Research
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: sales@maximizemarketresearch.com
Address: Maharashtra 411051, India.
Contact:+919607065656

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