Pune, India -- (SBWIRE) -- 03/12/2018 -- MarketResearchFuture.com adds "Genetic Testing Market - 2018 Global Analysis, Growth, Trends and Opportunities Research Report forecasting to 2023" reports to its database.

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The Global Genetic testing market is growing moderately. It is growing at the CAGR of ~9.8% during the forecast period. The global genetic testing market expected to reach USD 10,033.4 million by 2023 from USD 4,683 in 2016.

The recent market developments has necessitated a 'see through' approach so as to avoid the slippery slope generated by the changing paradigms resulting from the powerful forces of economy, business models, competition and others. "Market Research future" presents its latest report titled "World Genetic Testing Market –forecast till 2023" to help clear the blur resulting from these developments and to give the reader a clear picture of the possibilities and nuisances lying ahead!

Regional Analysis of Global Genetic Testing Market:
Considering the global scenario of the market, due to continuous innovation, high awareness about the genetic testing and rapid adoption of new technology, Americas is largest market and was holding 46.3% market share of global Genetic testing in 2016. US is holding largest market share in North America region. European genetic testing market is expected to reach USD 2,553.10 million by 2023. On the other hand, due to increasing aging population and advances in the medical fields, the Asia-Pacific (APAC) is fastest growing market for Genetic testing and expected to grow at a CAGR of 10.1% during the forecast period. Middle East and Africa (ME&A) is likely to have a limited growth in the market due to less awareness and lack of required infrastructure.

Global Genetic Testing Market Players:
Abbott (US)
AutoGenomics (Ireland)
Biocartis (Switzerland)
Bio-Rad (US)
Cepheid (US)
EKF Diagnostics (UK)
Elitech Group (France)
IntegraGen (France)
Interpace Diagnostics (US)
Myriad Genetics (US)
Perkin Elmir (USA)
Quest Diagnostic (US)
Roche diagnostic
WaferGen Biosystem
Apart from them there are other participants of the market as well.
Market Highlights

The Global Genetic Testing Market has been evaluated as rapidly growing and is expected to grow further. The advent of genetic testing has revolutionized the molecular diagnostic and cytogenetic industry. Benefits such as predicting risk of diseases, genetic abnormalities along with prenatal and newborn congenital abnormalities etc. had increased the market of global genetic testing globally.

Technological advancements such as DTC (Direct to Consumer) had led the market to grow further. Basically DTC is the type of genetic test that is accessible to the consumer directly, without having go through the healthcare professional to obtain a genetic test.

Not just in human the market also had great scope for agricultural and animal related disease and advancement as well. Process like biotechnology and genetic engineering has increases its future scope in both the other areas (animals and agricultural related market).

Genetic testing market is expected to witness the highest growth in 2017-2023, and the growth is likely to be driven by huge population opting for screening of disease like cystic fibrosis and cancer, of which cancer contributes the major market for genetic testing worldwide. Approximately 80% of people aged 50 or above are diagnosed with cancer and this number is expected to further increase by 2023.

US holds the largest portion of genetic testing market with maximum process done every year in the country. Presence of major players, increasing awareness and higher disposable income are some of the factors leading to the continuous increase in the market in the country. With the development in healthcare and technological advancement and infrastructure development countries like India and China are also coming up with increasing number of genetic testing per year, increasing the growth of market in developing countries as well.

It is the most beneficial and quickly extending market segment of sub atomic diagnostic. It is utilized as the restorative apparatus to decide the heredity deformities connected with a specific ailment by analyzing the RNA and DNA. Heredity testing one of the application of genetic testing is utilized as the part of non-clinical testing. Prenatal testing or new born diagnosis are the two major application of genetic testing worldwide.

Go through the market data and market information which is presented in more than 50 market data tables and figures in 85 pages of the project report. Go through the in-depth table of content (TOC) & market synopsis on "global genetic testing market research report –global forecast till 2023.

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Segmentation:
Global genetic testing market is majorly segmented depending on methods, application and end users. Based on methods the market is segmented into cytogenetic, biochemical and molecular. Based on techniques used in screening these are classified into PCR, southern blotting, ligation and others. Further on the basis of application the market is further classified into new born screening, diagnostic testing, prenatal testing, forensic testing, and more. Similarly on the basis of end users the market is again segmented into hospitals, research labs and centers, institutions and others etc.

MAJOR TABLE OF CONTENTS:
CHAPTER 1. REPORT PROLOGUE
CHAPTER 2. INTRODUCTION
CHAPTER 3. RESEARCH METHODOLOGY
CHAPTER 4. MARKET DYNAMICS
CHAPTER 5. MARKET FACTOR ANALYSIS
CHAPTER 6. GLOBAL GENETIC TESTING MARKET BY TYPE
CHAPTER 7. GLOBAL GENETIC TESTING MARKET BY METHOD
CHAPTER 8. GLOBAL GENETIC TESTING MARKET BY TYPE OF TEST
CHAPTER 9. GLOBAL GENETIC TESTING MARKET BY INDICATION
CHAPTER 10. GLOBAL GENETIC TESTING MARKET BY REGION
CHAPTER 11. COMPANY PROFILE
…CONTINUED

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