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Genetic Testing Market to Grow Extensively with CAGR Till 2025 : Abbott, bioMérieux, Bio-Rad Laboratories

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Posted: Tuesday, May 28, 2019 at 11:46 PM CDT

Los Angeles, CA -- (SBWire) -- 05/28/2019 --Genetic testing, also known as DNA testing, allows the determination of bloodlines and the genetic diagnosis of vulnerabilities to inherited diseases. In agriculture, a form of genetic testing known as progeny testing can be used to evaluate the quality of breeding stock. In population ecology, genetic testing can be used to track genetic strengths and vulnerabilities of species populations.

The demand for genetic testing is growing owing to the increasing genetic mutations in fetuses and newborns and growing prevalence of hereditary genetic disorders, and infectious diseases. In the US, a large number of infants are being born with congenital heart disease (CHD). Owing to factors such as genetic conditions, the consumption of medications or alcohol during pregnancy, or viral infection, infants are susceptible to developing CHD. Technavio's market study identifies the growing prevalence of genetic disorders to be one of the primary growth factors for the genetic testing market. CHD may occur in infants in varying patterns such as autosomal dominant, autosomal recessive, X-linked dominant, and X-linked recessive. A key vendor manufactured Invitae Congenital Heart Disease Panel, that can analyze efficiently 42 genes that cause CHD prematurely.

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This report studies the Genetic Testing market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

This report focuses on the global top players, covered

Abbott

bioMérieux

Bio-Rad Laboratories

F. Hoffmann-La Roche

Myriad Genetics

QIAGEN

Quest Diagnostics

...

Market segment by Regions/Countries, this report covers

North America

Europe

China

Rest of Asia Pacific

Central & South America

Middle East & Africa

Market segment by Type, the product can be split into

Analyzers

Consumables

Market segment by Application, the market can be split into

Predictive and Diagnostic Testing

Prenatal, Newborn, and Pre-Implantation Testing

Pharmacogenomic Testing

Forensic, Relationship, and Ancestry Testing

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