Genetic Testing Market Services Adopted Widely As Gene Sequencing Awareness For Early Detection Rises

Genetic Testing

The Genetic Testing Market deals with the development of medical testing methods. A genetic test is a type of medical test, which is used to identify changes in chromosomes, genes or proteins. Mostly genetics test is performed on a DNA sample, because every tissue is composed of cells that contain DNA.

Basically, the genetic testing is done by taking different samples like hair, blood, tumor, saliva etc. In genetic testing labs, blood sample is the most common source whereas in some labs they use to collect cheek cells for testing. In case of genetic DNA blood test, typically 5-10 ml is taken for a test. The results of the test can confirm the suspected generic condition and will help to pass out on a genetic disorder.

Scope & Regional Forecast of the Genetic Testing Market

Increase in the development of new and advanced tests is the key growth factor of the Genetic Testing Market. The demand for testing services is growing due to rising genetically inherited diseases. Growing awareness among the people about the genetic diagnosis is also driving market growth. Among all the types, the genetic screening segment accounts for the largest share for the market.

There are some limitations in genetic testing like facing difficulty to find some genetic mutations with current laboratory techniques. Still, the Genetic Testing Market is expected to register high growth during the forecast period by focusing on disease detection, protection and prevention.

North America accounts for the highest share in the Genetic Testing Market and will continue to be a dominant player till well beyond the forecast period. Europe holds next position followed by Asia-Pacific. Asia-Pacific is expected to register the fastest growth during the forecast period.

Segmentations & Key Players Involved in the Genetic Testing Market

According to IndustryARC findings, the Genetic Testing Market can be broken down into various segmentations on the basis of –

  • Types of Testing: Newborn Screening, Diagnostic Testing, Carrier Testing, Prenatal Testing, Forensic Testing, Predictive and Presymptomatic Testing and Others.

  • Methods: Molecular Genetic Testing, Chromosomal Genetic Testing, Biochemical Genetic Testing and Others.

  • Testing Sample: Blood, Saliva, Hair, Tumors and Others.

  • Industry: Laboratories, Blood Banks, Nursing Homes, Hospitals and Others.

  • Region: North America, Europe, Asia-Pacific and Rest of the World (RoW).

Some of the key players involved in the Genetic Testing Market according to IndustryARC are as follows:

  • Ranomics

  • Applied Biosystems, Inc.

  • Daan Diagnostics Ltd

  • DNA CONSULTANTS

  • Sorenson Genomics, LLC

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