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Genetic Testing

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Genetic Testing Market to be

worth $28.24 Billion by 2030


Tissue Diagnostics Market - 2029

Meticulous Research ® —a leading global market research company, published a research report

titled, ‘Genetic Testing Market by Offering (Consumables, Reagents, Instruments, Services),

Test Type (Diagnostic, Prenatal, Carrier, Newborn, Preimplantation), Method (Molecular,

Chromosomal), End User (Hospitals, Diagnostic Laboratories) - Global Forecast to 2030.’

According to this latest publication from Meticulous Research ® , the genetic testing market is projected

to reach $28.24 billion by 2030, at a CAGR of 10.4% from 2022 to 2030. The growth of this market

is mainly driven by government initiatives promoting genetic testing, the increasing prevalence of

genetic disorders, a growing need for the early detection & prevention of diseases, the increasing

applications of genetic testing in oncology, and the decreasing costs of sequencing procedures.

However, the high cost of genetic testing in low-income countries and the social and ethical

implications of genetic testing restrain the growth of the genetic testing market. The growing potential

of direct-to-consumer genetic testing and the emerging field of genetic counseling are expected to

create growth opportunities for the players operating in this market. However, the low chances of

positive, actionable mutations and concerns regarding the security & privacy of genetic data are major

challenges to market growth.

Download Free PDF Sample Copy of the Report (with COVID-19 Impact Analysis):

https://www.meticulousresearch.com/download-sample-report/cp_id=5370

Scope of the Report:

Genetic Testing Market, by Offering

• Consumables & Reagents

• Instruments

• Services

Genetic Testing Market, by Test Type

• Prenatal Testing

• Predictive and Presymptomatic Testing

• Diagnostic Testing

• Newborn Screening

• Preimplantation Testing

• Carrier Testing

Genetic Testing Market, by Method

• Molecular Tests

• Chromosomal Tests

• Biochemical Tests

Genetic Testing Market, by End User

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Tissue Diagnostics Market - 2029

• Hospitals & Clinics

• Diagnostic Laboratories

• Others End Users

(Other End Users Include Academic & Research Institutes, Pharmaceutical &

Biotechnology Companies, And Contract Research Organizations)

Genetic Testing Market, by Geography

• North America

o

o

U.S.

Canada

• Europe

o

o

o

o

o

o

Germany

France

U.K.

Italy

Spain

Rest of Europe (RoE)

• Asia-Pacific

o

o

o

o

China

Japan

India

Rest of APAC (RoAPAC)

• Latin America

• Middle East & Africa

To Gain More Insights into the Market with a Detailed Table of Content and Figures, Click

Here: https://www.meticulousresearch.com/product/genetic-testing-market-5370

Genetic Testing Market: Future Outlook

The genetic testing market is segmented based on offering, test type, method, end user, and geography.

The study also evaluates industry competitors and analyzes the market at the country level.

Based on offering, in 2023, the consumables & reagents segment is expected to account for the largest

share of this market. The large market share of this segment is attributed to factors such as the recurrent

use of reagents & consumables, availability of a wide range of genetic tests, recent product launches,

and increased awareness about the advantages of genetic testing.

Based on test type, in 2023, the prenatal testing segment is expected to account for the largest share

of this market. The large market share of this segment is attributed to factors such as the growing

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Tissue Diagnostics Market - 2029

prevalence of hereditary diseases such as cancers, Sickle Cell Disease (SCD), Cystic fibrosis (CF),

Down Syndrome, neural tube defects, and inherited heart conditions, the rising demand for early

disease diagnosis, and the increasing need for genetic tests to make efficient treatment decisions.

Based on method, in 2023, the molecular segment is expected to account for the largest share of this

market. The large market share of this segment is attributed to its ability to detect the mutation at single

nucleotide resolution with cheaper, faster, and with the utmost accuracy by using whole genome

sequencing (WGS) and whole exome sequencing (WES) technology.

Based on end user, in 2023, the hospitals & clinics segment is expected to account for the largest

share of the market. The large market share of this segment is attributed to the high volume of genetic

tests performed in hospitals & clinics and the high demand for early disease diagnosis and treatment.

Request Customization Here: https://www.meticulousresearch.com/request-samplereport/cp_id=5370

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North

America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia-Pacific (Japan,

China, India, and RoAPAC), Latin America, and the Middle East & Africa.

In 2023, North America is expected to account for the largest share of the genetic testing market,

followed by Europe and Asia-Pacific. North America’s large market share is attributed to high

healthcare expenditure, favorable reimbursement scenario, high awareness among patients about

genetic testing, and increased support and investments to enhance genome sequencing infrastructure

in the region.

Key Players

The key players operating in the genetic testing market are Illumina, Inc. (U.S.), Thermo Fisher

Scientific Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), OPKO Health Inc. (U.S.), Natera,

Inc. (U.S.), PerkinElmer, Inc. (U.S.), Myriad Genetics, Inc. (U.S.), Centogene N.V. (Germany),

Konica Minolta, Inc. (Japan), Fulgent Genetics, Inc. (U.S.), and Laboratory Corporation of America

Holdings (U.S.).

You can Buy Report from Here: https://www.meticulousresearch.com/Checkout/69784655

Key questions answered in the report-

• Which are the high-growth market segments in terms of offering, test type, method, end user,

and region/country?

• What was the historical market size for genetic testing across the globe?

• What are the market forecasts and estimates for the period 2023–2030?

• What are the major drivers, restraints, opportunities, and challenges in the global genetic testing

market?

• Who are the major players in the genetic testing market?

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Tissue Diagnostics Market - 2029

• How is the competitive landscape, and who are the market leaders in the global genetic testing

market?

• What are the recent developments in the global genetic testing market?

• What are the different strategies adopted by the major players in the global genetic testing

market?

• What are the geographical trends and high-growth regions/countries?

Contact Us:

Meticulous Research ®

Email- sales@meticulousresearch.com

Contact Sales- +1-646-781-8004

Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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