Genetic Testing Market Size Worth USD 40.85 billion by 2031| Growth Plus Reports

Some of the prominent players Siemens Medical Solutions, Abbott, Thermo Fisher Scientific, F. Hoffmann-La Roche Ltd, General Electric Company, Qiagen, Illumina, Inc, Agilent Technologies, Inc, Bio-Rad Laboratories, Inc, Hologic, Inc., among others


Pune, April 04, 2022 (GLOBE NEWSWIRE) -- The Global Genetic Testing Market is expected to clock US$ ~40.85 billion by 2031 owing to the increasing prevalence of chronic diseases, infectious diseases, and genetic disorders; and technological advancements.

Growth Factor

The prominent players are progressively implementing collaborative initiatives with several organizations, research centers and companies in order to increase awareness for genetic testing. For instance, in April 2019, the FH Foundation announced the launch of the FIND HoFH program to identify individuals at risk for homozygous familial hypercholesterolemia (HoFH). The goal is to accelerate the diagnosis of this life-threatening condition. Individuals identified through the program will have the option to receive genetic counseling and confirmatory genetic testing through collaboration with Invitae and Genome Medical at no charge.

Get a sample report of this report: https://growthplusreports.com/inquiry/request-sample/genetic-testing-market/7644

The global genetic testing market has been analyzed from three different perspectives–Testing Type, Technology, and Region.

Excerpts from ‘By Testing Type Segmentation’

The global genetic testing market has been segmented majorly into six distinct categories depending on testing type, viz.

  • Prenatal & Newborn Testing
  • Diagnostic Testing
  • Carrier Testing
  • Predictive & Presymptomatic Testing
  • Pharmacogenomic Testing
  • Others (forensic testing, paternity testing, etc.)


The prenatal & newborn testing segment dominated the market with largest share in 2020. The growth of the segment can be attributed to growing initial screening tests during new pregnancies and in newborn babies to identify genetic disorders that can be treated early in life.

Excerpts from ‘By Region Segmentation’

The global genetic testing market has been segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

North America commanded the largest share in the global genetic testing market in 2020, followed by Asia Pacific, Europe & Rest of the World (RoW).

Factors such as highly developed healthcare infrastructure, greater healthcare spending, better adoption of genetic testing, and presence of prominent players as well as genetic testing laboratories in the region are attributed for the large share of the region in the global market.

Moreover, high prevalence of various chronic diseases such as cancer and genetic disorders is also expected to contribute to the market growth in North America.

Excerpts from ‘Competitive Landscape’

The prominent players operating in the global genetic testing market

  • Siemens Medical Solutions
  • Abbott
  • Thermo Fisher Scientific
  • F. Hoffmann-La Roche Ltd
  • General Electric Company
  • Qiagen
  • Illumina, Inc
  • Agilent Technologies, Inc
  • Bio-Rad Laboratories, Inc
  • Hologic, Inc
  • Among others


Reach out to our industry experts at: https://growthplusreports.com/inquiry/speak-analyst/genetic-testing-market/7644

VALUE PROPOSITIONS RELATED TO THE REPORT:

  • Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
  • Comprehensive quantitative and qualitative insights at segment and sub-segment level
  • Covid 19 impact trends and perspective
  • Granular insights at global/regional/country level
  • Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
  • Blanket coverage on competitive landscape
  • Winning imperatives
  • Exhaustive coverage on 'Strategic Developments' registered by leading players of the market


CUSTOMIZATION OPTIONS:

  • Distributor Landscape Assessment
  • Pricing Intelligence
  • Customer Base Assessment
  • Investment & Initiatives Analysis
  • 'Business Profile' of Key Players
  • Talk to industry experts

Purchase the full report now at: https://growthplusreports.com/checkout?_token=WUqJMVDAwn55a4XDjprqEFvRvIL5ZAnTQF7CWiYm&report_id=7644&license=Single

Trending Reports in Healthcare Industry:

Optical Imaging Market by Product (Imaging Systems, Cameras, Lenses, Illumination Systems, and Software), Technique (Optical Coherence Tomography, Hyperspectral Imaging, Photoacoustic Tomography, and Near-infrared Spectroscopy), Therapeutic Area (Ophthalmology, Neurology, Cardiology, Oncology, and Dermatology), Applications (Pathological Imaging, Intra-operative Imaging, and Preclinical Research &

Preclinical Imaging Market by Type [Modality, Reagents, Software and Services] – Global Outlook & Forecast 2021-2031

Ultrasound Market by Technology (Diagnostic Ultrasound and Therapeutic Ultrasound), Device Display (Black & White (B/W) Display and Color Display), Portability (Compact/Handheld Ultrasound Systems and Trolley/Cart-based Ultrasound Systems), Applications (Radiology, Gynecology, Cardiology, Urology, Oncology, and Orthopedic & Musculoskeletal), End User (Hospitals & Surgical Centers, Diagnostic Centre

Regenerative Medicine Market by Product Type (Cell Therapy, Tissue-Engineered Products, Gene Therapies, Progenitor & Stem Cell Therapies), Application (Oncology, Musculoskeletal Disorders, Wound Care, Ocular Disorders, and Diabetes) – Global Outlook & Forecast 2021-2031

Stem Cells Market by Cell Source (Human Embryonic Stem Cells, Adult Stem Cells, and Induced Pluripotent Stem Cells), Type (Allogeneic Stem Cell Therapy and Autologous Stem Cell Therapy), Application (Regenerative Medicine and Drug Discovery & Development)–Global Outlook & Forecast 2021-2031

About us: Growth+Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).

Growth+ portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.

We were awarded by the prestigious CEO Magazine as "Most Innovative Healthcare Market Research Company in 2020.

 

Coordonnées