Growing Awareness Drives the Global Genetic Testing Market

“More usage of internet, high education, and direct availability of genetic tests to consumers is raising the demand for genetic tests”, says RNCOS.


Noida, UP -- (SBWIRE) -- 07/07/2015 -- RNCOS, in its latest research report titled "Genetic Testing Market Outlook 2020", Advancing genetic discoveries and technological innovation are considerably expanding the availability of genetic tests related to serious health conditions. With rising consciousness against chronic illness, there is a growing awareness for genetic tests. Having more knowledge of symptoms during chronic diseases such as breast cancer, Alzheimer's, etc., the patients are drawing their attention towards preventive care.

Women with a family history of breast and ovarian cancers are preferably recommended by physicians to undergo genetic testing, which provides them early care and treatment. The growing awareness of genetic testing is attributed to many factors such as more use of the internet, high education, direct availability of genetic tests to consumers (i.e., through the Internet) and marketing campaigns by industry players (i.e., through paid advertisements in print media, television, and the Internet).

Holistically, the research report 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 of 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.