• Popular
    • Medicine
    • Radiology
    • Cardiology
    • Surgery
    • Nanomedicine
    • Military Medicine
    • Rehab
  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS
  • Submit PR
  • Log in
Medgadget
Medgadget
  • Popular
    • Medicine
      Nanopore Sensor to Study Protein Aggregation in Neurodegeneration

      Nanopore Sensor to Study Protein Aggregation in Neurodegeneration

      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Medgadget Visits Healthcareᐩ Expo Taiwan

      Medgadget Visits Healthcareᐩ Expo Taiwan

    • Radiology
      Ultrasound Tornado Rapidly Disrupts Blood Clots

      Ultrasound Tornado Rapidly Disrupts Blood Clots

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Fluorescence Imaging System Illuminates Tumor Depth

      Fluorescence Imaging System Illuminates Tumor Depth

      Soft Robot Grows Like a Plant to Travel Through Tight Spaces

      Soft Robot Grows Like a Plant to Travel Through Tight Spaces

    • Cardiology
      Belt Monitors Heart Failure Patients

      Belt Monitors Heart Failure Patients

      Camera Measures Blood Pressure with Quick Look

      Camera Measures Blood Pressure with Quick Look

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

    • Surgery
      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Electrospun Construct Mimics Elasticity of Blood Vessels

      Electrospun Construct Mimics Elasticity of Blood Vessels

    • Nanomedicine
      Extra Hot Nanoparticles for Cancer Therapy

      Extra Hot Nanoparticles for Cancer Therapy

      Making Tumors Tastier for the Immune System

      Making Tumors Tastier for the Immune System

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Magnetic Bacteria Target Tumors

      Magnetic Bacteria Target Tumors

    • Military Medicine
      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fabric Makes Electricity from Movement to Power Wearables

      Fabric Makes Electricity from Movement to Power Wearables

      Wearable Uses Microneedles to Track Metabolism

      Wearable Uses Microneedles to Track Metabolism

    • Rehab
      Smart Walking Stick for Visually Impaired People

      Smart Walking Stick for Visually Impaired People

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Implanted Magnets for Prosthetic Control

      Implanted Magnets for Prosthetic Control

  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Log in
  • Submit PR
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS

Genetic Testing Market Research Valued USD 22.8 Billion by 2024 with CAGR of 11.5% Size, Share Trends and Forecast Analysis by Market Research Future

November 22nd, 2019 Market Research Future Releases

Market Research Future (MRFR) asserts that the global genetic testing market is likely to garner USD 10,033.4 million by 2024, grabbing a CAGR of 11.5% during the forecast period (2018-2024). Detection and prevention of genetic diseases are favoring the market growth across the globe. Genetic testing is referred to as a type of medical test which analyzes the changes in proteins, chromosomes, and genes occurred by any disease or any suspected genetic condition. The test is usually performed on tumors in order to diagnose cancer and accordingly plan the treatment. It involves the use of laboratory procedures to examine the genes inherited from parents. They have gained prominence over the last few years for the prevention and detection of genetic disorders and cancer.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/2009

Market Potential and Pitfalls

Genetic testing has gained immense prominence in the last few years for prevention as well as detection of genetic diseases and cancer. With the augmenting awareness among the global population associated with the early diagnosis, the market for genetic testing is estimated to propel during the appraisal period. Several technological advancements have been made in this field which offers enhanced accuracy and efficiency. This is anticipated to fuel the market growth during the assessment period. Moreover, the adoption of non-invasive genetic testing technology is likely to generate revenue for the market in the coming years. The increased demand from patients for personalized medicines is also anticipated to trigger the demand for genetic testing in the coming years. Personalized medicines provide tailored medical treatment to the patients based on the molecular basis. Developed economies like Europe undergo genetic testing in order to detect several rare and genetic diseases. Detection at an early stage enables early treatment and reduces the severity of the disease.

Technological advancements in genetic testing have also triggered the market growth across the globe. With the availability of new tests and advancements in the testing techniques, the demand for genetic testing has propelled across the world. Innovations in tests offering efficient and safer techniques of the disease detection, surpassing the risk of miscarriage during early pregnancy stage are driving the genetic testing market growth throughout the estimated period.

On the contrary, the dearth of advanced infrastructure and experienced professionals in the underdeveloped as well as developing nations are some of the top barriers considered to vitiate the market growth in the coming years. Moreover, accessibility to quality healthcare especially in areas with the low resource is difficult to maintain due to the lack of proper infrastructure. Such factors are likely to restrain the market growth to a certain extent.

Global Genetic Testing Market: Segmental Analysis

The global genetic testing market has been segmented on the basis of type, method, type of test, and indication.

By mode of type, the global genetic testing market has been segmented into DTC genetic testing and prescribed genetic testing. Among these, the prescribed genetic testing is presumed to occupy the largest market share.

By mode of method, the global genetic testing market has been segmented into chromosomal genetic test, molecular genetic test/DNA test, and biochemical genetic test. Among these, the molecular genetic tests/DNA is likely to occupy the largest market share.

By mode of type of test, the global genetic testing market has been segmented into predictive test, diagnostic test, family DNA test, and others. Among these, the diagnostic test is predicted to account for the largest market share globally due to its widespread applications in various diseases.

By mode of indication, the global genetic testing market has been segmented into neurogenetic disorder testing, cancer testing, muscular dystrophies, autoimmune disorder testing, and others. Among these, cancer testing occupied the largest market share owing to the increasing prevalence of cancer across the globe.

Regional Insights

Geographically, the genetic testing market span across regions namely, Europe, America, Asia Pacific, and the Middle East & Africa.

Considering the global scenario, the American region occupied the largest market share with 46.3% and is likely to retain a significant share in the coming years. The growth is credited to the augmenting adoption of advanced technologies, continuous innovation, and growing awareness regarding genetic testing in this region. Moreover, the rising prevalence of genetic diseases like Turner syndrome, cancer, spinal muscular atrophy, and neurofibromatosis has contributed to the market growth in this region.

The Asia Pacific region is predicted to experience the steepest rise in the market proliferation grabbing 10.1% CAGR during the appraisal period. Growth factors contributing to the market growth include raising awareness regarding the advantages of predictive testing coupled with the increasing adoption of advanced technology for clinical applications.

The European region is estimated to register a significant growth rate owing to the advancements made in genomic technology and increasing awareness among the global population regarding the benefits of genetic testing.

Industry Updates

Gene drive technology can eradicate malaria in our lifetime; science has moved a step further in killing malaria with mutant mosquitoes. Andrea Crisanti and Austin Burt for the last fifteen years have worked throughout the day in order to engineer the perfect mosquitoes. They want to perpetuate a modified gene, called gene driver in a certain mosquito population which will render females sterile unless the entire species is wiped off.

Competitive Dashboard

The prominent players operating the global genetic testing market are Bio-Rad Laboratories Inc. (U.S.), PerkinElmer Inc. (U.S.), Illumina Inc. (U.S.), Quest Diagnostics (U.S.), QIAGEN N.V. (Germany), Myriad Genetics (U.S.), and Abbott Laboratories (U.S.).

Browse Premium Research Report with Detailed Tables and Figures at @ https://www.marketresearchfuture.com/reports/genetic-testing-market-2009

About US:

Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

Phone: +1 646 845 9312

Email: sales@marketresearchfuture.com

Sign up and submit a press release

Sponsored
New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

Fluidx Unveils New Embolic for Neurovascular Use

Fluidx Unveils New Embolic for Neurovascular Use

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

PT Genie Unveils New Brand Identity Reflecting Company’s Transformation and Focus on the Global Future of AI and Machine Learning in Digital Healthcare

Clarius Marketplace Unlocks the Power of AI Innovation for Ultrasound Imaging

Clarius Marketplace Unlocks the Power of AI Innovation for Ultrasound Imaging

interviews & reviews
Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

  • Subscribe
  • Contact us
  • Submit
  • About
  • Back to top
Medgadget

Medical technologies transform the world! Join us and see the progress in real time. At Medgadget, we report the latest technology news, interview leaders in the field, and file dispatches from medical events around the world since 2004.

  • About
  • Editorial policies
  • Contact
  • Terms of Service
  • Privacy
  • Submit press release
  • Advertise
© Medgadget, Inc. All rights reserved. | The Medical Revolution Will Be Blogged.
Please support this website by adding us to your whitelist in your ad blocker. Ads are what helps us bring you premium content! Thank you!
Posting....
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Email