Europe Genetic Testing Services Market to 2027: Market Research Subscriptions Platform, You Should Know About

European countries have undertaken a number of initiatives to increase awareness among people about the benefits of genetic testing. For instance, EuroGentest is a project funded by the European Commission to harmonize the process of genetic testing, from sampling to counseling, across Europe. The ultimate goal is to ensure that all aspects of genetic testing are of high quality, thereby providing accurate and reliable results for the benefit of the patients.

The growth of the market is driven by factors such as rising prevalence of the genetic diseases and rise in awareness & acceptance of personalized medicines. Also, growing preference towards Direct-To-Consumer (DTC) genetic testing, support of government to adopt genetic testing services is positively impacting the growth of the market in the review period. In addition, various strategic initiatives by the manufacturers, new product launch along with artificial intelligence (AI) powered genetic testing is likely to boost the growth of market..

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France has well-developed policies and strategies in place for improving the prevention of hereditary cancers. Also, France is planning to develop a national plan for personalized medicine. Genomic Medicine France 2025,which was published in 2016, which appeals for healthcare and manufacturing firms to pilot genomic sequencing platforms. By 2020 the aim is to establish a network of centers able to process around 235,000 samples for whole genome sequencing.

These factors are expected to offer broad growth opportunities in the healthcare industry and this is expected to cause the demand for immunochemistry assays in the market.

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Europe Genetic Testing Services Market – MARKET SEGMENTATION

By Type

Predictive Testing
Carrier Testing
Prenatal Testing
New-born Screening
Others

By Disease

Cancer
Metabolic Diseases
Cardiovascular Diseases
Others

By Service Provider

Cancer
Diagnostic Laboratories
Hospital-Based Laboratories
Clinics

By Country

France
Germany
U.K.
Spain
Italy

Companies Mentioned

Thermo Fischer Scientific Inc.
Laboratory Corporation of America Holdings
F. Hoffmann-La Roche Ltd.
Illumina, Inc.
Quest Diagnostics Incorporated
Exact Sciences Corporation
NeoGenomics Laboratories, Inc.
Eurofins Scientific
Ambry Genetics
Centogene AG
23andMe, Inc.

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