The latest published report by Polaris Market Research “Hereditary Testing Market Share, Size, Trends, Industry Analysis Report, By Disease Type (Hereditary Cancer Testing, Hereditary Non-Cancer Testing; By Technology (Cytogenetic, Biochemical, Molecular Testing); By Regions; Segment Forecast, 2020 – 2027” report covers an exhaustive list of market tables and figures, thus providing in-depth analytical data for segments across different regions.
Market Analysis :
The global hereditary testing market was valued at USD 5.78 billion in 2019 and is expected to reach USD 9.29 billion by 2027 to grow at a CAGR of 6.2% during the forecast period [2020 – 2027]. The growing need for timely diagnosis of genetic hereditary diseases and launch of cost-effective treatment options by the key players are the key factors responsible for market growth. According to the market statistics published by the organization dedicated for the rare diseases, over 300 million people are currently suffering from around 6,000 identified forms of rare disorders worldwide.
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- The hereditary cancer testing market segment accounted for the largest revenue segment in 2019 owing to the increasing genetic tests for cancer in developed economies such as the U.S., UK, Canada, and France, among others
- Europe market accounted for the largest revenue share in 2019 owing to the increasing tests across the region and technological advancement in the field of testing is expected to drive the market growth of hereditary tests over the forecast period
Regional Insights for Hereditary Testing Market
Europe held a substantial value in the hereditary testing market and is expected to witness robust growth during the forecast period. An increase in the adoption of technology to offer better health care, favorable government policies to make hereditary testing affordable, and the presence of prominent players helping the regional market to grow at a rapid rate. In North America, the market is anticipated to take a giant leap in terms of revenue generation, owing to rising disposable income, availability of advanced healthcare infrastructure, and increasing adoption of genetic testing in the region. Increasing commercial approval to conduct hereditary testing is among major factors spurring the growth of the regional market.
List of Key Players
- Myriad Genetics, Inc.
- Invitae Corporation
- Illumina, Inc.
- Natera, Inc.
- Hoffmann-La Roche Ltd
- Quest Diagnostics
- Agilent Technologies, Inc.
- Twist Bioscience
- Sophia Genetics
- Fulgent Genetic, Inc.
- CENTOGENE N.V.
*Note: Additional companies can be included on request
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Polaris Market Research has segmented the hereditary testing market report on the basis of disease type, technology, and region
Hereditary Testing, Disease Type Outlook (Revenue – USD Million, 2016 – 2027)
- Hereditary Cancer Testing
- Lung Cancer
- Breast Cancer
- Colorectal Cancer
- Cervical Cancer
- Ovarian Cancer
- Prostate Cancer
- Stomach/Gastric Cancer
- Uterine Cancer
- Pancreatic Cancer
- Hereditary Non-Cancer Testing
- Genetic Tests
- Cardiac Diseases
- Rare Diseases
- Other Diseases
- Newborn Genetic Screening
- Preimplantation Genetic Diagnosis & Screening
- Non-invasive Prenatal Testing (NIPT) & Carrier Screening Tests
- Genetic Tests
Hereditary Testing, Technology Outlook (Revenue – USD Million, 2016 – 2027)
- Cytogenetic Testing
- Biochemical Testing
- Molecular Testing
Hereditary Testing Regional Outlook (Revenue – USD Million, 2016 – 2027)
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa
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The report can be customized on the basis of regional analysis, segment analysis, industry outlook and competitive analysis. Some of the major focus points which are covered in the report include:
- Industry Trends, opportunity and challenges in the market
- Role of key players across the value chain
- End-User analysis to define the market strategy
- Competitive mapping
- Regional and country level breakdown
These insights are included in the report which would help you to have a realistic overview of the overall market including the competition, investment opportunities, restraints and challenges, regulatory factors which might affect the market growth. Moreover, the report would help to identify the regional market growth opportunities for different segments covered in the report.
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