Genetic Testing Market Growth and Future Scope of Key Major Players are Abbott Laboratories, Abbott Molecular Inc., AutoGenomics Inc., Celera Group, ELITech Group, BioRad Laboratories, PerkinElmer Inc., Roche Diagnostics Corp., & Quest Diagnostics Inc.

Genetic Testing Market Overview:
Currently the highly attractive segment in molecular diagnostics market is the genetic testing as the need to provide superior healthcare is growing day by day. It is a sophisticated form of medical testing for identification of slightest modification in chromosomes, genes, or proteins that are associated with inherited disease conditions.

Genetic testing is the analysis of genes, chromosomes, or proteins to predict the risk of diseases, identify carriers (individuals who do not have the disease but have a copy of the disease gene) of disease, diagnose diseases, or determine the likely course of a disease. Genetic testing has enabled the easy diagnosis of diseases, such as sickle cell anaemia, haemophilia, and cystic fibrosis, helping several patients in leading a normal life

Growing awareness about the potential benefits in genetic testing is one of the primary reasons for the growth of the genetic testing market. In addition, advancements in the genetic testing space, aging population and a subsequent rise in the number of chronic diseases, and rising incidences of cancer cases are the other factors fuelling the growth in the genetic testing market.

However, high costs associated with testing and lack of credible standard procedure has led to serious doubts among individuals concerning the authenticity of genetic reports. These factors are hindering the growth of the global genetic testing market

Genetic Testing Market Forecast Report (2018-2023):
Global Genetic Testing Market is estimated at $ 49.26 million in 2018 and is poised to reach $ 77.58 Million by 2023 growing at a CAGR of 9.51%.

Request for Sample @ https://www.marketdataforecast.com/market-reports/genetic-testing-market-36/request-sample

Genetic Testing Market Segmentation:
The Global genetic testing market is categorized based on application into Cancer Testing, Pharmacogenomics testing, prenatal testing and Predisposition testing. Based on the type of tests, the market is segmented into Carrier Testing, Diagnostic Testing, Prenatal Testing and Neonatal Testing. Genetic testing is also applied in non-clinical applications such as paternity testing and forensics. Cancer genetic testing is predicted to witness high growth, and would dominate the genetic testing market in the near future. The market for screening the new-borns, diagnosing rare and fatal disorders, and estimating the probability of occurrence of diseases is likely to expand. Particularly, genetic tests to screen the new-borns are expected to expand immensely over the coming years.

Furthermore, on the basis of geography, the global market is analyzed under various regions namely North America, Latin America, Europe, Asia-Pacific, Middle-East & Africa. The US represents the largest market for genetic testing worldwide. Screening for genetic mutations within the CFTR (Cystic Fibrosis Trans-Membrane Conductance Regulator) gene is the most recurrently conducted test in the US.

The growing incidence of genetic diseases unravels new opportunities for genetic testing and its related applications. The transformation of genetic testing from being a service-driven market to a product-driven market is anticipated to provide a push to the diagnostic companies for the expansion of their operations.

Browse Report Brief and TOC @ https://www.marketdataforecast.com/market-reports/genetic-testing-market-36/

Major Key Players:
• Abbott Laboratories,
• Roche Molecular Diagnostics Inc.,
• Abbott Molecular Inc.,
• AutoGenomics Inc.,
• Celera Group,
• ELITech Group,
• BioRad Laboratories,
• PerkinElmer Inc.,
• Roche Diagnostics Corp.,
• Quest Diagnostics Inc.,
• Transgenomic Inc.,
• Applied Biosystems Inc.,

Buy now @ https://www.marketdataforecast.com/cart/buy-now/genetic-testing-market-36/

Reasons to Purchase Genetic Testing Market Report:
• Current and future global Genetic Testing Market outlook in the developed and emerging markets
• Analysis of various perspectives of the market with the help of Porter’s five forces analysis
• Identifying the segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customize Report @ https://www.marketdataforecast.com/market-reports/genetic-testing-market-36/customize-report

About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: www.marketdataforecast.com

This release was published on openPR.