Market Research Future has as of late communicated another investigation to its wide research portfolio, which is titled as “Human Genetics Market Research Report – Forecast to 2023” gives an inside and out examination the gauge of market size and development.
Global Human Genetics Market is expecting a healthy growth at a CAGR of 11.5% during the forecast period.
Agilent Technologies (U.S.), Bode Technology (U.S.), GE Healthcare (U.K.), Illumina (U.S.), LGC Forensics (U.K.), Orchid Cellmark, Inc. (U.S.), Promega Corporation (U.S.), QIAGEN N.V. (Netherlands), and Thermo Fisher Scientific, Inc. (U.S.).
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Genetics is nothing but the study of genes, their functions and effects. Molecular genetics, developmental genetics, population genetics and quantitative genetics, and human genetics are various types of genetic studies. Human genetics is the study of inheritance in human beings, i.e., it is the study of inheritance of characteristics in children from parents. It includes the study of gene expression, gene structure, mutation analysis, cytogenetics and genomic imaging, genome structure and organization, genetic and physical mapping, disease association studies, molecular diagnostics, genetics of complex diseases, epistatic interactions, and various other concepts. It also helps to determine various genetic factors responsible for diseases. It offers various advantages such as identification and diagnosis and treatment of various diseases such as cancer, cardiovascular diseases, and other genetic diseases.
The global human genetics market is driven by the increasing number of patients with genetic diseases and increasing healthcare expenditure by major economies across the globe. Furthermore, the growing awareness about genetic diseases, increasing investments in research and development, and rising government support fuel the market growth. However, various factors restrain the growth of the market such as higher cost of instruments and lack of skilled professionals.
The Global Human Genetics Market is segmented by instruments, methods, applications, and end-users.
On the basis of instruments, it is segmented into accessories and devices.
On the basis of methods, it is segmented into prenatal, molecular, cytogenetic, and presymptomatic.
On the basis of applications, it is segmented into forensic research, cancer, cardiovascular diseases, diabetes, genetic diseases, and others.
On the basis of end-users, it is segmented into hospitals, forensic laboratories, research centers, and others.
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America is the largest market for human genetics owing to the development in the diagnostics and medical technology and extensive use of new technologies in genetics. Additionally, the presence of key players in the market also fuels the market growth. The U.S. is the largest market for human genetics with an increase in the number of studies in genetics and its importance in healthcare.
The European market for human genetics is driven by the rising prevalence of different chronic genetic diseases and increasing government support for research and development activities. In Germany, being the largest market, the growth is governed by the rising focus on research activities by major market players in the field of genetics and technological advancement.
In Asia Pacific, the market is fueled by the increasing awareness about research in genetic diseases and steady rise in the prevalence of genetic diseases. Major countries contributing to the market growth are China, Japan, and India due to increasing availability of research facilities and presence of skilled workforce such as research scientists and others. Additionally, the increasing number of research institutes focusing on the diagnosis and treatment of genetic diseases with the help of human genetics and increasing availability of funds for research in the field of genetics support the growth of the market.
The Middle East and Africa holds the least share in the global human genetics market and shows a steady growth due to the rising demand for healthcare services and research activities, poor economic condition, and less development in medical facilities, especially, in Africa.
Table of Content:
1 Report Prologue
2 Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
3 Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4 Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5 Market Factor Analysis
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