Global Genetic Testing Market is Growing at a Fair Pace and is Estimated to Reach $6.5 Billion with a CAGR of 9.26% during 2018-2024.

Mourya
Mourya
The report "Genetic Testing Market”: By testing type (Carrier testing, diagnostic testing, newborn screening, forensic testing prenatal testing and others); By Methods (chromosomal genetic testing, cancer genetic testing, biochemical genetic testing and others); By Testing Sample (Blood, Saliva, Hair, Tumors and Others); By End-User (Laboratories, Blood banks, Nursing homes, Hospitals and Others); & By Geography - Forecast (2018-2024). Genetic Testing Market is projected to reach $6.5 Billion by the end of 2024 with a CAGR of 9.26%. Genetic testing will determine the genetic strengths and vulnerabilities of the individual. Download Free Sample Brochure at https://www.envisioninteligence.com/industry-report/global-genetic-testing-system-market/ Diagnostic testing segment holds largest market growth in 2018 Based on the Testing Type, the genetic testing market was segmented into carrier testing, diagnostic testing, newborn screening, forensic testing, prenatal testing and others. Among them, diagnostic testing has the largest market share because it is used to identify problematic chromosomal conditions to confirm a diagnosis based on physical signs and symptoms. This type of testing can be performed before birth or at any time during a person’s life. Cancer Genetic testing segment is expected to witness largest market growth during the forecast period Methods such as chromosomal genetic testing, cancer genetic testing, prenatal genetic testing, biochemical genetic testing and others are used for genetic testing. Among these, Cancer genetic testing segment has the largest market due to the occurrence of genetic diseases at young ages. Most cancers are caused by gene faults which are developed during our lifetime. They may happen when we are getting older or when we exposed to cigarette smoke or sunlight. In genetic testing market outlook of 2017, Blood Sample segment is projected to grow at the higher rate On the basis of a testing sample, the genetic testing market was segmented into blood, saliva, Tumour, and hair. Among them, a blood sample is mostly used for the genetic tests because it will accurately extract our DNA from white blood cells. This type is testing is done very carefully because these results have may have effects on employment of health insurance schemes. Laboratory segment is expected to dominate the market growth as per market analysis of 2018 Based on Industry, the genetic testing market is segmented into laboratories, blood banks, nursing homes, hospitals and others. Among them, laboratories are expected to witness the largest market growth owing to a wide range of diagnostic products and diverse portfolio of solutions for diagnosing and monitoring health conditions. US Genetic testing market is expected to witness largest market growth during the forecast period In North America countries, U.S. holds the largest share owing to technological advancements and high quality of infrastructures to support the genetic testing industries. Increasing efficiency and accuracy are expected to offer good opportunities for the treatment of genetic testing. Asia-Pacific is the fastest growing market due to increasing number of aging population and other technological advancements in medical fields. Major players in Genetic Testing Market include: Qiagens N.V Analogic Corporation Applied Biosystems Biocartis S.A Others