The global genetic testing market size was USD 13.01 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.2% during the forecast period. Increasing prevalence of cancer and hereditary diseases, technological advancements, such as introduction of innovative new testing kits, rising focus on early disease detection and prevention, and decreasing cost of sequencing procedures are key factors driving market revenue growth.
The latest research report by Emergen Research, named ‘Global Genetic Testing Market. The report provides a detailed outlook on how the pandemic has affected the key segments of the Genetic Testing Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Genetic Testing Market industry. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Genetic Testing Market
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Genetic Testing market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Amgen Inc., F. Hoffmann-La Roche Ltd, Eurofins Scientific, Exact Sciences Corporation, Illumina, Inc., myriad genetics, Inc., Thermo Fisher Scientific Inc., Abbott, Ambry Genetics, Siemens Healthcare GmbH, Biocartis, Laboratory Corporation of America Holdings, and Natera, Inc
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Emergen Research has segmented the global Genetic Testing market on the basis of type, application, end-use, and region:
Offerings Outlook (Revenue, USD Billion; 2019-2032)
- Consumables & Reagents
- Instruments
- Services
Test Type Outlook (Revenue, USD Billion; 2019-2032)
- Predictive and Presymptomatic Testing
- Carrier Testing
- Nutrigenomic Testing
- Diagnostic Testing
- Prenatal and New-born Testing
- Others
Application Outlook (Revenue, USD Billion; 2019-2032)
- Cancer Diagnosis
- Genetic Disease
- Cardiovascular Disease (CVD)
- Others
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Genetic Testing Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Genetic Testing Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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