Global Genetic Testing Market: Personalized Medicine and Genomics Impact


Posted February 5, 2025 by poonam1o

Genomic data is crucial to a precision medicine approach to healthcare; it is feasible to decode DNA into its basic sequences to view its functional information as data, allowing researchers, bioinformaticians,

 
Global Genetic Testing Market Overview

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Global Genetic Testing Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Global Genetic Testing market by thorough analysis, and projections are made up to 2030.

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Global Genetic Testing Market Scope and Methodology:

The Global Genetic Testing market report's coverage includes a thorough examination of the worldwide scene, exploring several aspects that impact market dynamics, trends, obstacles, and possibilities. The market's segmentation according to end-user industry, service category, organization size, and geographic areas is also thoroughly examined. Also, the report examines major industry participants, assessing their approaches, range of products, earnings, and position in the Global Genetic Testing market. In addition, a thorough evaluation of macroeconomic variables, legal frameworks, and technology developments is carried out to present a comprehensive picture of the market environment.

The report employs a methodical approach that integrates both primary and secondary study approaches in its research methodology. Through interviews, questionnaires, and other contacts, primary research entails obtaining information directly from those in the industry, such as important stakeholders in the market, specialists in the field, and end consumers. However, in order to get pertinent data and verify conclusions, secondary research comprises examining previously published works, corporate reports, trade journals, government databases, and reliable sources. This painstaking process guarantees the precision, dependability, and authenticity of the insights offered in the market study on Global Genetic Testing, allowing stakeholders to take well-informed choices and seize new possibilities.

Global Genetic Testing Market Regional Insights

Regional insights play a vital role in understanding the nuanced dynamics of the Global Genetic Testing market. The Global Genetic Testing market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive examination of factors, market size, growth rate, and import and export activities within each region. The Regional Analysis section presents the current status of the Global Genetic Testing market in the countries covered in the report.

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Global Genetic Testing Market Segmentation

by Type

Carrier Testing
Diagnostic Testing
Newborn Screening
Predictive and PR symptomatic Testing
Prenatal Testing
Nutrigenomic Testing


by Disease

Alzheimer's Diseases
Cancer
Cystic Fibrosis
Sickle Cell Anemia
Duchenne Muscular Dystrophy
Thalassemia’s
Huntington's Disease
Special Diseases
Others

• According to Globocan 2022, the number of new cancer cases in 2022 is expected to reach 19,292,789, with almost 9,958,133 cancer fatalities.

• According to the International Agency for Research on Cancer, the number of new cancer cases is expected to reach 30.2 million by 2040. (IARC). Thus, genetic testing assists in determining if cancer runs in the family and the risk factors connected with the development of malignancies in the future among individuals.


by Technology

Cytogenetic Testing
Biochemical Testing
Molecular Testing

The molecular testing segment dominated the genetic testing market in 2023 and is projected to continue to do so during the forecast period. The fact that molecular testing is the most widely utilized technique for genetic testing contributes to the segment's growth. Genetic tests such as carrier testing, diagnostic testing, predictive and presymptomatic testing, and others, for example, employ the technology. Molecular testing is recommended because it may be utilized to assess DNA gains or losses that are not identifiable by standard chromosomal examination.

Global Genetic Testing Market Key Players

1. Abbott Laboratories
2. Roche Diagnostics
3. Myriad Genetics, Inc.
4. Thermo Fisher Scientific, Inc.
5. Agilent Technologies, Inc.
6. Hologic, Inc.
7. Illumina, Inc.
8. QIAGEN N.V.
9. Cepheid
10. Quest Diagnostics
11. Precipio Inc.
12. Ariosa Diagnositic Inc.
13. Sequenom Inc.
14. 23andMe
15. Bayer Diagnostics
16. Biocartis
17. BioHelix
18. BioMerieux
19. BGI
20. Counsyl
21. deCODEme
22. Genentech
23. Genomictree
24. IntegraGen
25. LabCorp Diagnostic

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Key questions answered in the Global Genetic Testing Market are:

What is Global Genetic Testing?
What was the Global Genetic Testing market size in 2023?
Who are the leading companies and what are their portfolios in Global Genetic Testing Market?
What growth strategies are the players considering to increase their presence in Global Genetic Testing?
What are the upcoming industry applications and trends for the Global Genetic Testing Market?
Which are the factors expected to drive the Global Genetic Testing market growth?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Global Genetic Testing Market?
What are the different segments of the Global Genetic Testing Market?
What will be the CAGR at which the Global Genetic Testing market will grow?
What is the growth rate of the Global Genetic Testing Market?
What segments are covered in the Global Genetic Testing Market?
What are the key challenges and opportunities in the Global Genetic Testing market?
Which application holds the highest potential in the Global Genetic Testing market?
Who are the key players in the Global Genetic Testing market?
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-genetic-testing-market/10781/

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Issued By poonam10
Country India
Categories Health
Tags global genetic testing market , global genetic testing market size , global genetic testing market forecast
Last Updated February 5, 2025