Genetic
Testing Market will register a CAGR of % during 2020-2024. The market’s
growth momentum will Accelerate.
Rising prevalence of genetic diseases and disorders | Rising approval of
advanced genetic testing products | Increasing affordability due to reduction
in cost of genetic testing will be one of the major factors driving the growth
of this market. Additionally, key Genetic Testing Market trends such as the
Advancements in next-generation sequencing | Growing adoption of
direct-to-consumer genetic tests in early disease diagnosis | Growing adoption
of pharmacogenetic testing in reducing adverse drug events will also influence
market growth during the forecast period.
Genetic Testing Market Size
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growth and the market share of various regions
During the forecast period, the Genetic Testing Market size will grow by $
5.39 bn.
Genetic Testing Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of
competition among the companies in this market space will intensify further.
are some of the major companies in the Genetic Testing Market. Though the
forecast period offers opportunities for vendors to increase their market
share, factors such as the Varying regulations on genetic testing and
research globally | Issues related to product recalls | Lack of trained genetic
professionals will also challenge the growth of the companies.
Abbott Laboratories | Agilent Technologies Inc. | bioMerieux SA | Bio-Rad
Laboratories Inc. | F. Hoffmann-La Roche Ltd. | Illumina Inc. | Myriad Genetics
Inc. | QIAGEN NV | Quest Diagnostics Inc. | Thermo Fisher Scientific Inc..list
are some of the companies covered in Technavio’s Genetic Testing Market
report for 2021-2025.
Genetic Testing Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key
markets. The regional level analysis also identifies the market share, growth
momentum, and key leading countries in the Genetic Testing Market.
The North America will account for the largest Genetic Testing
Market share and during 2021-2025, the region will contribute to 40% of
the market’s growth.
In addition to regions and the key companies involved, Technavio’s Genetic
Testing Market report also analyzes the market by Equipment | Consumables |
North America | Europe | Asia | ROW.comma
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your specific requirements.
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