Genetic testing is commonly referred as DNA testing which is used to identify changes in chromosome structure and DNA sequence. Genetic testing is also includes RNA analysis as an output of gene expression, and biochemical analysis. These tests are used to diagnose genetic disorders, and determination of biological relatives.
Increase in prevalence of chronic diseases like cancer is expected to boost the global genetic testing services market growth. For instance, in 2018, according to WHO (World Health Organization) around 9.6 million deaths are happened due to cancer, worldwide. Furthermore, continuous technological advancements like chromosomal analysis, biochemical testing, molecular testing, and DNA sequencing is expected to propel the growth of genetic testing services market growth.
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However, high cost of genetic testing is the major restraining factor which is expected to hamper the growth of genetic testing services market growth. Also, Social and ethical implications of genetic testing will affect the genetic testing services market growth.
Genetic Testing Services Market Segmentation
Genetic Testing Services Market is segmented into types such as Predictive testing, Prenatal & Newborn Testing, Diagnostic Testing, and Others, by technology such as Cytogenic Testing, Biochemical Testing, and Molecular Testing. Further, Genetic Testing Services Market is segmented into application such as Genetic Disease Diagnosis, Chromosome Analysis, Cardiovascular Disease Diagnosis, and Others.
Also, Genetic Testing Services Market is segmented into five regions such as North America,Latin America, Europe, Asia Pacific, and Middle East & Africa.
Genetic Testing Services Market Key Players
Various key players are discussed in this report such as Abbott Laboratories, Bio-Rad Laboratories, Sysmex Corporation, Myriad Genetics Inc., RainDance Technologies Inc., Danaher Corporation, Eurofins Scientific, Illumina Inc, Roche Ltd, Novartis AG, and Thermo Fischer Scientific.
Genetic Testing Services Market Taxonomy
- Predictive testing
- Prenatal & Newborn Testing
- Diagnostic Testing
- Cytogenic Testing
- Biochemical Testing
- Molecular Testing
- Genetic Disease Diagnosis
- Chromosome Analysis
- Cardiovascular Disease Diagnosis
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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