The study examining the Pediatric Genetic Testing Market is the recent report documented by Markntel Advisors, which is purely biased in terms of factual statistics and aims to deliver the interested stakeholders to come forward and gather the most credible information produced by our marketing analysts via investigating every viable secondary source of information primarily accessible through several different websites.
To simplify the market tractions and offer the best possible projections for the next five years, our team brings the best to the table compared to the other competitors in the research market. Moreover, it also features a wide range of significant elements, such as substantial drivers, restrictions, opportunities, vital needs, setbacks, new developments, regional divide, etc., which have been successfully altered in this research as per the rising fluctuations.
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|Study Period||Historical Data: 2018-21|
|Base Year: 2022|
|Forecast Period: 2023-28|
|Regions Covered||North America: The US, Canada, Mexico|
|Europe: UK, Germany, France, Spain, Italy, and Others|
|Asia-Pacific: China, India, Japan, South Korea, Australia, and Others|
|South America: Brazil, and Others|
|Middle East & Africa: UAE, Saudi Arabia, South Africa, and Others|
|Key Companies Profiled||Abbott Laboratories, BGI Genomics, Invitae Corporation, Trivitron Healthcare, Thermo Fisher Scientific Inc., Fulgent Genetics, Inc., Quest Diagnostics, Unilabs Group Services, Agilent Technologies, Inc., Genomic Diagnostics, PerkinElmer, Inc., CENTOGENE N.V, OPKO Health, Inc., Baebies, Inc., Eurofins Scientific etc.|
|Unit Denominations||USD Million/Billion|
Report Table of Content
- Product Definition
- Research Process
- Market Segmentation
- Executive Summary
- Global Pediatric Genetic Testing Market Overview
- Impact of COVID-19 on Global Pediatric Genetic Testing Market
- Global Pediatric Genetic Testing Market Outlook, 2018-2028F
Major Topics We Covered in this Study Report
Pediatric Genetic Testing Market Expensing Till 2028 –
The Global Pediatric Genetic Testing Market is projected to grow at a CAGR of around 14% during the forecast period 2023-28. Growing consciousness regarding the benefits of pediatric genetic testing stemming from the increasing prevalence of genetic disorders in children over the past few years has encouraged market expansion in the historical years.
Industry Driving Factor: Ever-Increasing Demand for Molecular Testing to Diagnose Cancer
Molecular tests verify the diagnosis, project a prognosis and help formulate a treatment plan for children who have cancer or showing the risk of developing cancer. Besides, they play a crucial role in providing genetic counseling and prenatal diagnosis to the family as well. Owing to the potential benefits of molecular testing in diagnosing cancer and enabling people to make informed decisions about managing their children’s health care have encouraged the incorporation of genetic-based tests over the course of time, accelerating the market forward.
Growth Challenge for Players: Ethical Implications of Using DNA-Based Tests in Clinical Settings
In addition to being technically tricky, DNA-based diagnostics also pose several moral issues with regard to the indications, interpretation, and ramifications for the patient and family. Concerns regarding morality, the legality of the request, and the impact on children’s mental well-being followed by the increased adoption of such genetic testing might discourage its incorporation in the long run.
Geographical Dividation and Leading Type: North America Is Projected To Witness Significant Growth
On the Geographical front, the Pediatric Genetic Testing market is divided across North America, South America, Europe, Middle East & Africa, and Asia-Pacific. Among other regions, North America is projected to witness significant growth in terms of revenue share during the forecast period. It can be attributed to a number of factors, including the existence of a well-established healthcare infrastructure, a high adoption rate for cutting-edge diagnostic technology, and a growing emphasis on research to advance pediatric treatment, particularly cancer-specific..
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Pediatric Genetic Testing Market Fragmentation
The objective of fragmenting the report on the basis of region is to examine and list down the industry’s key players and other significant aspects of different areas and their contributions in thriving the substantial progress of the market. Hence, it facilitates the stakeholders to perform in-depth research and execute a rigorous strategy for their businesses via the help of the research paper published by the talented team of Markntel Advisors. Other than geographical division, the industry segmentations bifurcate across the following segments:
By Product Type
- Laboratory Developed Tests (LDT)
By Sample Type
- Bone Marrow
- Next Generation Sequencing
- Fluorescent In Situ Hybridization (FISH)
- Polymerase Chain Reaction
- Microarray Techniques
- Developmental Disorders
- Cardiovascular Disorders
- Neurological Disorders
- Clinical Diagnostics
- Drug Discovery
- Monitoring and Screening
- Academic and Research
- Inherited Disorders
- Somatic Disorders
Competitive Analysis of the Key Players
The following section is notably dedicated to the industry giants and their significant contributions to propelling the Pediatric Genetic Testing market in terms of revenues, growth, employment opportunities, and several others. It offers the stakeholders, along with the key investors, the to make a move by holistically investigating their strategies and the success that they have achieved before the projected period. Moreover, their recent developments, innovations, implementations, and revenue models are thoroughly labelled in the study.
- – Abbott Laboratories
- – BGI Genomics
- – Invitae Corporation
- – Trivitron Healthcare
- – Thermo Fisher Scientific Inc.
- – Fulgent Genetics, Inc.
- – Quest Diagnostics
- – Unilabs Group Services
- – Agilent Technologies, Inc.
- – Genomic Diagnostics
- – PerkinElmer, Inc.
- – CENTOGENE N.V
- – OPKO Health, Inc.
- – Baebies, Inc.
- – Eurofins Scientific
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