Pulished Date August, 2019
ID: 20
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Genetic Testing Market Analysis - By Type (Carrier Testing, Prenatal Testing, Diagnostic Testing, Neonatal Testing), By Application (Cancer Testing, Pharmacogenomics Testing, Prenatal Testing, Predisposition Testing), By Region - Industry Size, Share, Trends, Growth and Global Forecast | 2019 - 2024

Pulished: August, 2019
ID: 20
Pages: 170

Genetic Testing Market Size & Growth Rate (2019 - 2024)

According to our study, the Genetic Testing Market size is expected to be growing at a CAGR of 9.86% from 2019 to 2024.

Key Market Growth Drivers

Increasing incidences of chronic diseases such as cancer, cardiovascular and others are major driving factors for the market growth. Genetic testing is a prominent method in analyzing the risk of genetic diseases and also ensures quality treatment procedures and this is propelling the growth of the market to the extent. Adoption of a sedentary lifestyle and changes in the food habits are also ascribed to bolster the demand of the market. One more factor thriving the growth rate of this market is its accuracy in diagnosing the diseases in an easy and simple way. Growing awareness over the analysis of proteins, genes, and chromosomes is reflecting market growth towards positive. An increasing number of patients with anemia, hemophilia and cystic fibrosis across the world is accelerating the growth of the genetic testing market. In addition, a rise in the geriatric population is lavishing the demand of this market eventually. Growing awareness over the availability of various testing procedures among individual is broadening the growth rate of the Genetic Testing Market.

Major Challenges

However, the cost for installation of the equipment is little high and this attribute is restraining the demand of the market. Lack of skilled persons in analyzing the reports due to less number of training institutes is hindering the growth of this market. Genetic testing equipment in laboratories need maintenance and regular inspection to have accurate results which needs lots of investments is to inhibit the demand of the market. Lack of standardization in maintaining appropriate procedures in testing is slowly hindering the growth of the Genetic Testing Market. The challenging factor for the market lies in the growing concern towards authentication of genetic reports where people demand privacy and security. Stringent rules and regulations by higher authorities in approving new products especially to improve the services in the genetic testing is also declining the demand for Genetic Testing Market.

Potential Opportunities

Genetic testing is prominent in getting the information of DNA from the customers and offers many treatment procedures to the patient with the details received from their ancestry. Due to the aforementioned factor, the market is anticipated to set up growth opportunities. Also, increasing demand from the agriculture sector to evaluate the quality of breeding stock with the help of progeny testing is also to elevate the demand for the Genetic Testing Market. It also includes checking genetic strengths and vulnerabilities of some species populations in population ecology which is greatly influencing the growth of this market. Increasing research and development institutes to implement new techniques in diagnosing the diseases more accurately is fueling the demand of the market. Growing crime incidences and increasing key role of genetic testing in forensic investigations are likely to outshine the growth of the market. Genetic testing creates scope to develop personalized medicine and also improves performance in targeted therapies and this attribute is boosting up the growth rate of the Genetic Testing Market.

This research report on Global Genetic Testing Market segmented and sub-segmented into the following categories and evaluated the market size and forecast for each segment until 2024:

Genetic Testing Market Analysis - By Type:

  • Carrier Testing
  • Prenatal Testing
  • Diagnostic Testing
  • Neonatal Testing

Among all, carrier testing is leading with the highest shares of the market. Increasing support from the private and public organizations in order to evaluate better-diagnosing techniques is broadening the demand of this market. Also, the growing percentage of birth rate in every country and the need for prenatal testing for the newborn is likely to expand the size of the market shares.  

Genetic Testing Market Analysis - By Application:

  • Cancer Testing
  • Pharmacogenomics Testing
  • Prenatal Testing
  • Predisposition Testing

Cancer testing application is having prominent shares in the market. An increasing number of cancer patients due to changes in lifestyles is fueling the demand of the market extensively. Additionally, increasing expenditure on healthcare is leveraging growth rate of the genetic testing market.

Genetic Testing Market Analysis - By Application:

  • North America (The US and Canada)
  • Europe (UK, Germany, Italy, Spain and France)
  • Asia Pacific (India, China, Japan, South Korea, Australia and New Zealand)
  • Latin America (Brazil, Mexico and Argentina)
  • Middle East and Africa

North America is accounted in dominating the highest shares of the market by owing to the quick adoption of the latest technology. Launch of innovative diagnostic procedures with new technology is expanding the demand of the market in this region. Also, increasing capital income in both developed and developing countries are leveraging the growth rate of the market. Europe is positioned second in holding largest shares of the market. Rise in the demand for effective treatment procedures and also growing awareness over the prevention of the diseases through DNA information from ancestry is leveling up the growth rate of the market. Growing support from the government in introducing reimbursement schemes in favor of the common people is escalating the growth of the market. Asia Pacific is accounted in having the fastest growth rate from the past decade and is also to hit the highest CAGR in the coming years. The increasing elderly population is a primary factor for the market to grow in this region. Additionally, growing prevalence to the latest equipment in research centers is bolstering the demand of the market. Latin America is to have huge growth opportunities with the increased revenue in most of the countries. The Middle East and Africa are anticipated to lead the shares of the market by increasing awareness over the applications in analyzing DNA.

Some of the prominent companies leading the Global Genetic Testing Market profiled in this report are:

  1. Abbott Laboratories
  2. Roche Molecular Diagnostics Inc.
  3. Abbott Molecular Inc.
  4. AutoGenomics Inc.
  5. Celera Group
  6. ELITech Group
  7. BioRad Laboratories
  8. PerkinElmer Inc.
  9. Roche Diagnostics Corp.
  10. Quest Diagnostics Inc.
  11. Transgenomic Inc.
  12. Applied Biosystems Inc.

1.Introduction                  

                1.1 Market Definition    

                1.2 Study Deliverables  

                1.3 Base Currency, Base Year and Forecast Periods           

                1.4 General Study Assumptions

2. Research Methodology                           

                2.1 Introduction              

                2.2 Analysis Design         

                2.3 Research Phases      

                                2.3.1 Secondary Research

                                2.3.2 Primary Research

                                2.3.3 Econometric Modelling

                                2.3.4 Expert Validation

                2.4 Study Timeline          

3. Overview                      

                3.1 Executive Summary

                3.2 Key Inferences         

                3.3 New Developments

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                      

                4.1 Market Drivers          

                4.2 Market Restraints    

                4.3 Key Challenges         

                4.4 Current Opportunities in the Market

5. Market Segmentation                              

                5.1 By Type        

                                5.1.1 Carrier Testing

                                5.1.2 Diagnostic Testing

                                5.1.3 Prenatal Testing

                                5.1.4 Neonatal Testing

                5.2 By Application           

                                5.2.1 Cancer Testing

                                5.2.2 Prenatal Testing

                                5.2.3 Pharmacogenomics Testing

                                5.2.4 Presdisposition Testing

6. Geographical Analysis                              

                6.1 North America          

                                6.1.1 Introduction

                                6.1.2 United States

                                6.1.3 Canada 

                6.2 Europe         

                                6.2.1 Introduction

                                6.2.2 U.K

                                6.2.3 Spain

                                6.2.4 Germany

                                6.2.5 Italy 

                                6.2.6 France

                6.3 Asia-Pacific 

                                6.3.1 Introduction

                                6.3.2 China 

                                6.3.3 India 

                                6.3.4 Japan 

                                6.3.5 South Korea

                6.4 Latin America            

                                6.4.1 Introduction

                                6.4.2 Brazil

                                6.4.3 Argentina

                                6.4.4 Mexico

                                6.4.5 Rest of Latin America

                6.5 Middle East & Africa

                                6.5.1 Introduction

                                6.5.2 Middle East

                                6.5.3 Africa

7.Strategic Analysis                        

                7.1 PESTLE analysis         

                                7.1.1 Political

                                7.1.2 Economic

                                7.1.3 Social

                                7.1.4 Technological

                                7.1.5 Legal

                                7.1.6 Environmental

                7.2 Porter’s Five analysis              

                                7.2.1 Bargaining Power of Suppliers

                                7.2.2 Bargaining Power of Consumers

                                7.2.3 Threat of New Entrants

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry

8.Market Leaders' Analysis                          

                8.1 Roche Molecular Diagnostics Inc.      

                                8.1.1 Overview

                                8.1.2 Product Analysis

                                8.1.3 Strategic Evaluation and Operations

                                8.1.4 Financial analysis

                                8.1.5 Legal issues

                                8.1.6 Recent Developments

                                8.1.7 SWOT analysis

                                8.1.8 Analyst View

                8.2 Abbott Laboratories

                8.3 AutoGenomics Inc. 

                8.4 Celera Group             

                8.5 ELITech Group          

                8.6 BioRad Laboratories

                8.7 Quest Diagnostics Inc             

                8.8 Transgenomic Inc.   

                8.9 Applied Biosystems Inc.,       

                8.10 PerkinElmer Inc      

9.Competitive Landscape                            

                9.1 Market share analysis            

                9.2 Merger and Acquisition Analysis        

                9.3 Agreements, collaborations and Joint Ventures          

                9.4 New Product Launches          

10.Expert Opinions                         

                10.1 Market Outlook     

                10.2 Investment Opportunities 

Appendix                           

                a) List of Tables

                b) List of Figures              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Genetic Testing Market By Region, From 2019-2024 ( USD Million )
  2. Global Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  3. Global Carrier Testing Market By Region, From 2019-2024 ( USD Million )
  4. Global Diagnostic Testing Market By Region, From 2019-2024 ( USD Million )
  5. Global Prenatal Testing Market By Region, From 2019-2024 ( USD Million )
  6. Global Neonatal Testing Market By Region, From 2019-2024 ( USD Million )
  7. Global Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  8. Global Cancer Testing Market By Region, From 2019-2024 ( USD Million )
  9. Global Prenatal Testing Market By Region, From 2019-2024 ( USD Million )
  10. Global Pharmacogenomics Testing Market By Region, From 2019-2024 ( USD Million )
  11. Global Predisposition Testing Market By Region, From 2019-2024 ( USD Million )
  12. North America Genetic Testing Market By Region, From 2019-2024 ( USD Million )
  13. North America Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  14. North America Carrier Testing Market By Region, From 2019-2024 ( USD Million )
  15. North America Diagnostic Testing Market By Region, From 2019-2024 ( USD Million )
  16. North America Prenatal Testing Market By Region, From 2019-2024 ( USD Million )
  17. North America Neonatal Testing Market By Region, From 2019-2024 ( USD Million )
  18. North America Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  19. North America Cancer Testing Market By Region, From 2019-2024 ( USD Million )
  20. North America Prenatal Testing Market By Region, From 2019-2024 ( USD Million )
  21. North America Pharmacogenomics Testing Market By Region, From 2019-2024 ( USD Million )
  22. North America Predisposition Testing Market By Region, From 2019-2024 ( USD Million )
  23. United States Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  24. United States Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  25. Canada Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  26. Canada Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  27. Europe Genetic Testing Market By Region, From 2019-2024 ( USD Million )
  28. Europe Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  29. Europe Carrier Testing Market By Region, From 2019-2024 ( USD Million )
  30. Europe Diagnostic Testing Market By Region, From 2019-2024 ( USD Million )
  31. Europe Prenatal Testing Market By Region, From 2019-2024 ( USD Million )
  32. Europe Neonatal Testing Market By Region, From 2019-2024 ( USD Million )
  33. Europe Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  34. Europe Cancer Testing Market By Region, From 2019-2024 ( USD Million )
  35. Europe Prenatal Testing Market By Region, From 2019-2024 ( USD Million )
  36. Europe Pharmacogenomics Testing Market By Region, From 2019-2024 ( USD Million )
  37. Europe Predisposition Testing Market By Region, From 2019-2024 ( USD Million )
  38. U.K. Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  39. U.K. Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  40. Germany Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  41. Germany Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  42. France Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  43. France Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  44. Italy Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  45. Italy Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  46. Spain Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  47. Spain Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  48. Asia-Pacific Genetic Testing Market By Region, From 2019-2024 ( USD Million )
  49. Asia-Pacific Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  50. Asia-Pacific Carrier Testing Market By Region, From 2019-2024 ( USD Million )
  51. Asia-Pacific Diagnostic Testing Market By Region, From 2019-2024 ( USD Million )
  52. Asia-Pacific Prenatal Testing Market By Region, From 2019-2024 ( USD Million )
  53. Asia-Pacific Neonatal Testing Market By Region, From 2019-2024 ( USD Million )
  54. Asia-Pacific Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  55. Asia-Pacific Cancer Testing Market By Region, From 2019-2024 ( USD Million )
  56. Asia-Pacific Prenatal Testing Market By Region, From 2019-2024 ( USD Million )
  57. Asia-Pacific Pharmacogenomics Testing Market By Region, From 2019-2024 ( USD Million )
  58. Asia-Pacific Predisposition Testing Market By Region, From 2019-2024 ( USD Million )
  59. China Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  60. China Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  61. India Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  62. India Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  63. Japan Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  64. Japan Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  65. South Korea Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  66. South Korea Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  67. Latin America Genetic Testing Market By Region, From 2019-2024 ( USD Million )
  68. Latin America Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  69. Latin America Carrier Testing Market By Region, From 2019-2024 ( USD Million )
  70. Latin America Diagnostic Testing Market By Region, From 2019-2024 ( USD Million )
  71. Latin America Prenatal Testing Market By Region, From 2019-2024 ( USD Million )
  72. Latin America Neonatal Testing Market By Region, From 2019-2024 ( USD Million )
  73. Latin America Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  74. Latin America Cancer Testing Market By Region, From 2019-2024 ( USD Million )
  75. Latin America Prenatal Testing Market By Region, From 2019-2024 ( USD Million )
  76. Latin America Pharmacogenomics Testing Market By Region, From 2019-2024 ( USD Million )
  77. Latin America Predisposition Testing Market By Region, From 2019-2024 ( USD Million )
  78. Brazil Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  79. Brazil Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  80. Argentina Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  81. Argentina Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  82. Mexico Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  83. Mexico Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  84. Middle East & Africa Genetic Testing Market By Region, From 2019-2024 ( USD Million )
  85. Middle East & Africa Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  86. Middle East & Africa Carrier Testing Market By Region, From 2019-2024 ( USD Million )
  87. Middle East & Africa Diagnostic Testing Market By Region, From 2019-2024 ( USD Million )
  88. Middle East & Africa Prenatal Testing Market By Region, From 2019-2024 ( USD Million )
  89. Middle East & Africa Neonatal Testing Market By Region, From 2019-2024 ( USD Million )
  90. Middle East & Africa Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  91. Middle East & Africa Cancer Testing Market By Region, From 2019-2024 ( USD Million )
  92. Middle East & Africa Prenatal Testing Market By Region, From 2019-2024 ( USD Million )
  93. Middle East & Africa Pharmacogenomics Testing Market By Region, From 2019-2024 ( USD Million )
  94. Middle East & Africa Predisposition Testing Market By Region, From 2019-2024 ( USD Million )
  95. Middle East Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  96. Middle East Genetic Testing Market By Application, From 2019-2024 ( USD Million )
  97. Africa Genetic Testing Market By Type, From 2019-2024 ( USD Million )
  98. Africa Genetic Testing Market By Application, From 2019-2024 ( USD Million )

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