Genetic Testing Market Size Expected to Reach 23143.42 Mn by 2027

Genetic Testing Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027", Rising incidence of blood cancer, genetic disorders, cardiovascular diseases and surge in availability of new tests are some major factors driving the growth of the global genetic testing market.

Genetic Testing Market is valued at USD 10801.98 Million in 2020 and expected to reach USD 23143.42 Million by 2027 with the CAGR of 11.5% over the forecast period.

Get Sample Copy of This Report@ https://brandessenceresearch.com/requestSample/PostId/1362

Genetic testing is a type of medical test that detects changes in chromosomes, genes, or proteins. The results of a genetic test can confirm a suspected genetic condition and helps to control a person's chance of developing or passing on a genetic disorder. Genetic testing, also called as DNA testing. Genetic testing can also contain measuring the results of genetic changes such as RNA analysis as an output of gene expression, or through biochemical analysis to measure specific protein output. There are various type of genetic test are available to determine disorders such as predictive testing, carrier testing, prenatal and newborn testing, diagnostic testing, pharmacogenomic testing, nutrigenomics and others. Among all, newborn testing can identify genetic disorders early in life so treatment can be started as early as possible.

Global genetic testing market has turn out to be an important topic during COVID-19 pandemic outbreak. Genetic testing market gaining huge attention due to pandemic outbreak.

Genetic Testing Market Segmentation

By Test Type:

• Predictive testing

• Carrier testing

• Prenatal and Newborn Testing

• Diagnostic Testing

• Pharmacogenomic testing

• Nutrigenomics

• Others

By Application:

• Cancer

• Genetic diseases

• Cardiovascular diseases

• Others

Primary Key Players who are working in Genetic Testing Market:

Genetic testing market report covers prominent players are Ambry Genetics, Illumina, Inc., IntegraGen, BGI, Roche Diagnostics, Biocartis Group NV, Bio-Helix Co. Ltd., 23andMe, Inc., bioMerieux SA, Abbott, Blueprint Genetics, Quest Diagnostics, Sequenom, Inc., Cepheid, Counsyl, Inc., deCODE Genetics, GeneDx, Genomic Health, Inc., Genomictree, Inc., LabCorp (Laboratory Corporation of America Holdings), Invitae Corporation, Luminex Corporation, Molecular MD, Myriad Genetics, Inc., Natera, Inc., Pacific Biosciences of California, Inc., Pathway Genomics Corporation, Qiagen, Siemens Healthineers AG, HTG Molecular Diagnostics, Inc. and Others.

Get Methodology @ https://brandessenceresearch.com/requestMethodology/PostId/1362

BGI has Launched NGS-Based HPV Test to the Global Market

News: April 20, 2018, BGI launched NGS-based HPV genotyping product, SentisTM-HPVseq, to the global market. This product provides detection of both high-risk and low-risk HPV types, which is used to screen for cervical cancer. It is recognized as an effective method for primary cervical cancer screening. This HPV testing initiative has helped BGI expand its genetic testing portfolio and market share.

Genetic Testing Market Dynamics:

Rising incidence of blood cancer, genetic disorders, cardiovascular diseases and technological advancements and availability of new tests are some major factors driving the growth of the global genetic testing market. According to the American Heart Association, about 2,200 Americans die of disorder every day, a mean of 1 death every 40 seconds. According to Leukemia Research Foundation, every three minutes, someone is diagnosed with blood cancer more than 175,000 new cases are expected in the United States in 2019. Additionally, Leukemia is diagnosed 10 times more often in adults than children. New cases of leukemia, lymphoma and myeloma are expected to account for 10 percent of the estimated 1,762,450 new cancer cases diagnosed in the US in 2019.

According to American Cancer Society's, estimates for leukemia in the United States for 2020 are about 60,530 new cases of leukemia and 23,100 deaths from leukemia in all ages as well as about 19,940 new cases of acute myeloid leukemia in adults only. Moreover, due to the advancement in cancer research, more patients with cancer are being successfully treated will propel growth of markets. However, high costs of genetic testing and lack of skilled professionals will hamper the development of genetic testing market. According to the National Institutes of Health, the cost of genetic testing can range from under USD 100 to more than USD 2,000, depending on the nature and complexity of the test. However, innovations and advance development in genetic test and the increasing investment in cancer research is expected to boost the opportunity for the growth of genetic testing market.

Have a Look at Related Reports:

Regenerative Medicine Market By Product Type (Cell-Based Products, Acellular Products), By Application (Orthopedic & Musculoskeletal Disorders Cardiology, Dermatology, Diabetes, Central Nervous System Disorders), By Therapy (Cell Therapy, Gene Therapy, Tissue Engineering, Immunotherapy), Industry Analysis, Trends, And Forecast 2020-2025

Genetic Testing Market Size By Test Type (Predictive Testing Carrier Testing Prenatal And Newborn Testing Diagnostic Testing Pharmacogenomic Testing Nutrigenomics Others) By Application (Cancer Genetic Diseases Cardiovascular Diseases Others) Forecast Report 2021 To 2027

Animal Genetics Market Size, Share Outlook Growth by Top Company, Development, Application, Segmentation, Trends And Forecast 2020-2025

Gene Synthesis Market Size By Component (Product, Services), By Application(Research And Development, Diagnosis, Therapeutics) Forecast To 2025

Digital Therapeutics Market is valued at USD 1.99 Billion in 2017 and Projected to reach USD 14.54 Billion by 2027 with a CAGR of 22% over the forecast period. Technological advancement in medical sector and demand in digital healthcare facilities are key driving factors for the growth of Digital Therapeutics Market.

Global Connected Healthcare Market size is valued at USD 55.2 Million in 2020 and expected to reach USD 420.8 Million by 2027 with a CAGR of 28.9% over the forecast period. Increasing health awareness and rising prevalence of chronic diseases with growing geriatric population are anticipated to drive the growth of Global Connected Healthcare Market.

The global demand for mRNA vaccines & therapeutics market size, in terms of revenue, was worth of USD 587.7 million in 2019 and is expected to reach USD 2911.9 million in 2026, growing at a CAGR of 28.51% from 2020 to 2026. The global mRNA vaccines & therapeutics market is expected to grow at significant growth rate due to number of driving factor.

Contract Research Organizations (CRO) Market is valued at USD 35.09 Billion in 2018 and expected to reach USD 50.65 Billion by 2025 with the CAGE of 6.31% over the forecast period.

About Brandessence Market Research & Consulting Pvt ltd.

Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.

Website: https://brandessenceresearch.com Article: https://businessstatsnews.com

Contact:

Mr. Aniket Patil,

aniket@brandessenceresearch.com,

Email: sales@brandessenceresearch.com

Corporate Sales: +44-2038074155,

Asia Office: +917447409162