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| Genetic Testing Market |
The global genetic testing market is projected to grow considerably in
the coming years, due to the growing number of test to study multiple genes
that may help in managing individual health condition. Additionally, the
government initiatives to spread awareness with respect to the advantages of
procedure is further expected to drive the growth of the market. The market is
categorized into carrier testing, diagnostic testing, new-born screening,
predictive & pre-symptomatic testing, prenatal testing, based on types of
gene testing.
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Among the various types, new born screening held the largest share in
2016, due to the growing number of newborn genetic screening programs, while
carrier testing is expected to project the fastest growth in demand during the
forecast period.
North America was the largest contributor to the market in 2016. According to the NCBI repository that maintains Genetic Testing
Registry(GTR)data from 505 lab participants worldwide, the U.S. leads with 259
labs contributions. Some of the key factors leading to the growth of the market
in the region are the presence of large number of academic and research
institutes, rising government funding, and availability of technologically advanced
products. However, Asia-Pacific is expected to witness the fastest growth in
the genetic testing market during the forecast period. The major factors
driving the region’s growth include increasing awareness about the advantages
of predictive testing, and rise in the adoption of advanced technology for
clinical applications.
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Genetic Testing
Market Segmentation
By Type
· Carrier
Testing
· Diagnostic
Testing
· New-born
Screening
· Predictive
and Pre-Symptomatic Testing
· Prenatal
Testing
By Technology
· Cytogenetic
Testing
· Molecular
Testing
· Biochemical
Testing
By Clinical
Indication
· Alzheimer's
Disease
· Cancer
· Cystic
Fibrosis
· Sickle
Cell Anaemia
· Duchenne's
Muscular Dystrophy
· Thalassemia
· Huntington’s
Disease
· Others
Major players in the genetic testing market are
Transgenomic, Inc., GE Healthcare, 23 & Me Sequenom, Inc., Abbott
Laboratories, Biocartis SA, Illumina Inc., 454 Life Sciences, Bio-Rad
Laboratories, Luminex Corporation, Affymetrix Inc., Agilent Technologies Inc.,
Cephide Inc., Beckman Coulter Inc.
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