September 24, 2019
According to the latest study titled ‘Global Genetic Testing Market Size, Status and Forecast 2019-2025’, available with Market Study Report LLC, the global genetic testing market is expected to experience substantial growth by the year 2025.
Genetic testing, commonly known as DNA testing, allows genetic diagnosis of vulnerabilities and determination of blood lines to assess the instances of inherited diseases. The test finds application in agriculture sector where it is used for progeny testing to assess the quality of breeding stock. Moreover, it is used to track vulnerabilities and genetic strengths of species in population ecology.
Increasing genetic mutations in newborns and fetuses is the main factor augmenting the genetic testing market outlook. Other factors aiding the market growth are rising instances of hereditary genetic disorders, and infectious diseases.
As per the report, in the US, increasing number of infants are born with congenital heart disease (CHD), due to unchecked consumption of medications and alcohol during pregnancy, genetic conditions or viral infections. CHD may arise in infants in differing patterns such as X-linked dominant, autosomal recessive, X-linked recessive and autosomal dominant. Increasing instances of CHD will drive the global genetic testing market growth.
The genetic testing market is fragmented on the basis of type as analyzers and consumables. While, based on application spectrum, the market is segmented into prenatal, pre-implantation and newborn testing; predictive and diagnostic testing; pharmacogenomic testing; and forensic, relationship, and ancestry testing.
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Considering the regional landscape, the global genetic market is studied for various regions including U.S, Southeast Asia, Japan, Europe, Central & South America, China, and India. The report also provides an exhaustive understanding regarding the trends, drivers, challenges, and opportunities impacting the market outlook.
The eminent players of genetic testing market profiled in the report comprise of BioMerieux, Abbott, Bio-Rad Laboratories, F. Hoffmann-La Roche, QIAGEN, Quest Diagnostics, and Myriad Genetics.