DUBLIN--(BUSINESS WIRE)--The "Genetic Testing Market - Forecasts from 2017 to 2022" report has been added to Research and Markets' offering.
The global genetic testing market is projected to grow at a CAGR of 11.76% to grow from US$4.620 billion in 2017 to US$5.783 billion in 2022. The global genetic testing demand is driven by a number of factors such as, aging global population, rising incidences of genetic and hereditary diseases, growing awareness, technological advancements and rise in application of genetic testing for early detection of various diseases.
With the development of new technologies and innovation in both scientific research and research equipment, genetic testing is headed towards an era of high significance in the near future. As investments in research and development related to genetic testing increases, the global genetic testing market is expected to witness a substantial boost in its overall growth in the next five years.
North America holds the largest share of global genetic testing market owing to technological advancements, rising prevalence of genetic diseases and high quality of infrastructure to support the genetic testing industry in the region. However, emerging economies hold good potential for the growth of genetic testing market due to factors such as rising patient pool, more government funding supporting the investment in the industry and growing awareness regarding the technology. APAC region will witness the fastest market growth owing to rising aging population, rising purchasing power, and technological advancements in the region. However, the high cost of genetic testing coupled with unclear reimbursement structure, lack of skilled personnel, and lack of regulations in the market will restrain the growth of this market during the forecast period.
Companies Mentioned
- F. Hoffmann-La Roche Ltd
- Abbott Laboratories
- Precipio, Inc.
- Ariosa Diagnostics, Inc.
- Biocartis SA
- Cepheid
- 23&Me, Inc.
- Luminex Corporation
- Sequenom, Inc
- AutoGenomics
- Illumina, Inc
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Key Findings of the Study
4. Market Dynamics
5. Genetic Testing Market Forecast by Type (US$ Billion)
6. Genetic Testing Market Forecast by Diseases (US$ Billion)
7. Genetic Testing Market Forecast by technology (US$ Billion)
8. Genetic Testing Market Forecast by Geography (US$ Billion)
9. Competitive Intelligence
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/725d6d/genetic_testing
