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Global Genetic Testing Market 2015 Key Insights and 2020 Forecast Analysis
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Global Genetic Testing Market 2015 Key Insights and 2020 Forecast Analysis

According to the report “Genetic Testing Market“, published by Market Data Forecast, the global market is projected to reach USD 59.01 Million by 2020, at a CAGR of 9.51% from 2015 to 2020.

For detailed report and TOC refer to: http://www.marketdataforecast.com/market-reports/global-genetic-testing-market-36/

Genetic testing is the most rapidly escalating segment of the molecular diagnostics market worldwide. It is a medical test that identifies changes in genes, chromosomes, or proteins. Through genetic testing, a professional can confirm or rule out a suspected genetic condition or help determine a person’s chance of developing or passing on a genetic disorder. Currently, more than 1,000 genetic tests are in use, and more are in development phase.

Free sample for the report is available at: http://www.marketdataforecast.com/market-reports/global-genetic-testing-market-36/request-sample

Screening for genetic disorders remains to be of fundamental importance in view of the increasing awareness on the importance of predictive and prognostic screening, like maternal screening. The business for screening the new-borns, diagnosing rare and terminal disorders, and predicting the likelihood of occurrence of diseases is showing great potential to expand. Predominantly, genetic tests to screen the new-borns are expected to expand enormously over the coming few years.

However, high charges accompanying the tests and lack of reliable or trustworthy standard procedure has led to serious concerns among individuals. And, with the rising demand for genetic testing, the counsellors are struggling to keep up with the demand, and consumers are faced with unanticipated and lengthy wait times. These factors hindering the growth are posed as short-term challenges for global genetic testing market

The global genetic testing market is segmented as follows

  • By Type
    • Carrier Testing
    • Diagnostic Testing
    • Prenatal Testing
    • Neonatal Testing
  • By Application
    • Cancer Testing
    • Prenatal Testing
    • Pharmacogenomics Testing
    • Predisposition Testing                                

Furthermore, the transformation of genetic testing from being a service-driven to a product-driven market is expected to provide a push to the companies in diagnostics industry for the expansion of their operations. Some of the major companies in the global genetic testing market include, Roche Molecular Diagnostics Inc., Abbott Molecular Inc., AutoGenomics Inc., Celera Group, ELITech Group, BioRad Laboratories, PerkinElmer Inc., Roche Diagnostics Corp., Quest Diagnostics Inc., Transgenomic Inc. and Applied Biosystems Inc.,

About Market Data Forecast:

Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organisation that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.

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Market Data Forecast, Inc.,

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Email: contact@marketdataforecast.com

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