Declining Fertility Rates Limiting Genetic Tests Demand

“Europe, the USA, and India are the major territories witnessing a marginal decline in teen birth rates”, says RNCOS.


Noida, UP -- (SBWIRE) -- 08/19/2015 -- RNCOS, in its latest research report titled "Genetic Testing Market Outlook 2020", highlighted One of the greatest challenges in making attractive investment in genetic testing sector is the significant drop in the worldwide birth rates. Europe, the USA, and India are the major territories witnessing a marginal decline in teen birth rates. The primer reason of low birth rates in developed as well as developing world is delaying marriages which are affecting family planning. According to the US National Centre for Health Statistics (NCHS), there were about 3.9 million births in 2013, which were 1% less than in 2012. Eventually, the fertility rates have reached to 62.5 births per 1,000 women in age group of 15 to 44. Also, the teenage birth rate has decreased dramatically in 2013 of 26.5 births per 1,000 teens from age 15 to 19.

In Europe, birth rates are falling and family sizes are shrinking progressively. European countries' have much lower birth rate per 1,000 people than other countries across the world. Fertility in India also is declining rapidly, including among the poor and illiterate families. India's birth rate has declined by 0.2 points in 2013, with West Bengal registering the lowest fertility rate amongst all states.

Holistically, the research report "Genetic Testing Market Outlook 2020", thoroughly discusses the global genetic testing industry in terms of the overall market size. Moreover, the disease wise and region wise analysis is also discussed in detail. Apart from the statistical data analysis highlighted above, qualitative data including the emerging sector for genetic testing industry and the government regulations are also elicited exhaustively. The competition across the global genetic testing sector is intensifying with the days passing by. With new service providers entering the market and accelerated R&D activities, the application of genetic testing and the industry as a whole, is bound to witness a swift growth in the years to come.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.