Market Overview

Global Genetic Testing Market 2018-2022 | Consumables Segment Dominates the Global Market | Technavio

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According to the latest market research report released by Technavio,
the global genetic testing market is expected to accelerate at a CAGR of
more than 10% during the forecast period. The increasing prevalence of
genetic disorders is one of the key factors triggering the growth of the
market.

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Technavio has published a new market research report on the global genetic testing market from 2018- ...

Technavio has published a new market research report on the global genetic testing market from 2018-2022. (Graphic: Business Wire)

This research report titled ‘Global
Genetic Testing Market 2018-2022
' provides an in-depth analysis
of the market in terms of revenue and emerging market trends. It also
includes an up-to-date analysis and forecasts for various market
segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

The market research analysis categorizes the global genetic testing
market into the following products:

  • Analyzers
  • Consumables

In 2017, the consumables segment accounted for 70% share of the global
market and is projected to increase to 75% by 2022. The growth can be
attributed to the increased and repetitive use of consumables to conduct
genetic tests. End-users such as clinical diagnostics laboratories and
hospitals are increasingly demanding for consumables to perform genetic
tests on individuals requiring genetic testing.

Global genetic testing market: Top emerging trend

Growing demand for companion diagnostics is an emerging trend in the
genetic testing market. According to NIH, genetic variations can lead to
different responses to the same medication from different people, which
increased the demand for pharmacogenomics. Hence, there are several
companion diagnostics available in the market. To conduct tests in order
to develop personalized medicine, biomarkers are used to identify the
gene linked to the failure of such pharmaceutical products. To develop
such products, genetic testing product manufacturers and pharmaceutical
companies are collaborating. In the Americas and Europe, the demand and
sales of companion diagnostic products are increasing, which has
upsurged the number of companion diagnostic products in these regions.
Besides this, several vendors in the market are also focusing on
developing companion diagnostic tests for cancer and autoimmune diseases.

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Technavio's sample reports are free of charge and contain multiple
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Technavio's report provides expert market research on the following
topics:

Executive Report

  • Market Outline
  • Global Genetic Testing Market Overview

Market Insights

  • Market Sizing and Forecasts
  • Market Growth
  • Market Drivers and Challenges
  • Key Emerging Trends

Market Segmentation Analysis

  • Regional comparison (APAC, Americas, and EMEA)
  • Market segmentation by product (analyzers and consumables)

Vendor Landscape

  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario
  • Analysis of top vendors (Abbott, bioMérieux, Bio-Rad Laboratories, F.
    Hoffmann-La Roche, Myriad Genetics, QIAGEN, and Quest Diagnostics)

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