The
global genetic testing market and it is poised to grow by USD 4.86
billion during 2020-2024, progressing at a CAGR of over 12% during the forecast
period. The report offers an up-to-date analysis regarding the current market
scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample
Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Abbott Laboratories, Agilent
Technologies Inc., bioMérieux SA, Bio-Rad Laboratories Inc., F. Hoffmann-La
Roche Ltd., Illumina Inc., Myriad Genetics Inc., QIAGEN NV, Quest Diagnostics
Inc., and Thermo Fisher Scientific Inc. are some of the major market
participants. To make the most of the opportunities, market vendors should
focus more on the growth prospects in the fast-growing segments, while
maintaining their positions in the slow-growing segments.
The rising approval of advanced genetic testing products has been
instrumental in driving the growth of the market.
Genetic Testing Market 2020-2024 : Segmentation
Genetic Testing Market is segmented as below:
·
Product
o
Equipment
o
Consumables
·
End-user
o
Clinical Diagnostics Laboratories
o
Hospitals
o
Biopharmaceutical Companies And Research Centers
·
Application
o
Predictive And Diagnostic Testing
o
Prenatal, Newborn, And Preimplantation Testing
o
Pharmacogenomic Testing
o
Forensic, Relationship, And Ancestry Testing
·
Geographic Landscape
o
Asia
o
Europe
o
North America
o
ROW
Genetic Testing Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. Our genetic testing market report
covers the following areas:
·
Genetic Testing Market size
·
Genetic Testing Market trends
·
Genetic Testing Market industry analysis
This study identifies the growing adoption of pharmacogenetic testing in
reducing adverse drug events as one of the prime reasons driving the genetic
testing market growth during the next few years.
Genetic Testing Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the
genetic testing market, including some of the vendors such as Abbott
Laboratories, Agilent Technologies Inc., bioMérieux SA, Bio-Rad Laboratories
Inc., F. Hoffmann-La Roche Ltd., Illumina Inc., Myriad Genetics Inc., QIAGEN
NV, Quest Diagnostics Inc., and Thermo Fisher Scientific Inc. Backed with
competitive intelligence and benchmarking, our research reports on the genetic
testing market are designed to provide entry support, customer profile and
M&As as well as go-to-market strategy support.
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