Global Genetic Testing Market 2015-2019 is a new research report added by Sandlerresearch.org under the Diagnostics category. Report has analyzed market size based on revenue generated from the applications of the genetic testing.
Genetic testing is the most profitable and rapidly expanding segment of molecular diagnostics. It is the array of techniques used for the analysis of DNA, RNA, and protein. It is used as a medical tool to determine the genetic defects associated with a particular disease. Genetic testing is also used in non-clinical applications such as paternity testing and forensics. In clinical applications, the primary focus of genetic testing is to identify the genetic reason for the cause of a disease, confirm a suspected diagnosis, prediction of future disease, to identify when an individual may pass his/her hereditary information to kids, and to predict treatment response in a patient. Genetic testing is also used to screen new-born babies, foetuses, or embryos used in vitro fertilization for genetic defects. The genetic testing market is categorized based on its applications into pharmacogenomics testing, predictive testing, prenatal and neonatal testing.
The analysts forecast global genetic testing market to grow at a CAGR of 9.65% over the period 2014-2019.
Covered in this Report
The report includes the present scenario and the growth prospects of the global genetic testing market for the period 2015-2019. To calculate the market size, we consider the revenue generated from the applications of the genetic testing:
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The report, Global Genetic Testing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
- Rise in Number of Genetic Diseases
- High Costs
- Growing Demand for Personalized Medicine