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Increased Direct-to-Consumer Testing Supports the Growth of the Global Genetic Testing Market

02-05-2024 11:54 AM CET | Health & Medicine

Press release from: Inkwood Research

GENETIC TESTING MARKET

GENETIC TESTING MARKET

According to a new market research report launched by Inkwood Research, the Global Genetic Testing Market is predicted to garner $27.81 billion by 2030, projecting a CAGR of 10.25% during the forecast period, 2022-2030.

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Refer to the Report Summary Here: https://inkwoodresearch.com/reports/genetic-testing-market/#report-summary?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR

The United States genetic testing market growth is anticipated to progress at a CAGR of 10.61% during the forecast period, 2022-2028, reaching a revenue of $8596.6 million by 2028.
Here's a link to our Country Report Summary: https://inkwoodresearch.com/reports/united-states-genetic-testing-market/

Global Genetic Testing Market Scenario

The process of analyzing tissues or cells for alterations in proteins, chromosomes, and genes that may indicate a condition or disease, such as cancer, is known as genetic testing. However, the alterations may also indicate a higher chance of contracting specific ailments or diseases.

One important trend in the business is the rise in direct-to-consumer genetic testing. It makes genetic information more easily accessible without requiring assistance from a medical professional or health insurance provider. It also gets rid of the nuisance of scheduling appointments and the need for clinic visits. Additionally, businesses are selling genetic testing kits to customers directly. In 2020, the value of DTC genetic testing was estimated to be $1.1 billion. Consequently, the ease of testing at home has had a favorable effect on the expansion of the global genetic testing industry.

The Global Genetic Testing Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Genetic Testing Market by Type, Technology, Application, Disease, & by Geography: https://inkwoodresearch.com/reports/genetic-testing-market/#request-free-sample

Market Segmentation

Market by Type
• Carrier Testing
• Prenatal and Newborn Testing
• Diagnostic Testing
• Predictive & Presymptomatic Testing
• Pharmacogenomic Testing
• Other Types

Market by Technology
• Molecular Testing
• Biochemical Testing
• Cytogenetic Testing

Market by Application
• Genetic Disease Diagnosis
• Cardiovascular Disease Diagnosis
• Cancer Diagnosis
• Other Applications

Market by Disease
• Huntington's Disease
• Cystic Fibrosis
• Rare Diseases
• Sickle Cell Anaemia
• Alzheimer's Disease
• Cancer
• Thalassemia
• Duchenne Muscular Dystrophy
• Other Diseases

Request for Customization: https://inkwoodresearch.com/request-for-custom-report/

Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030

Companies Profiled
• EUROFINS SCIENTIFIC
• QIAGEN
• ELITECH GROUP
• CSL LIMITED
• QUEST DIAGNOSTICS INC
• DECODE GENETICS
• ROCHE DIAGNOSTICS INC
• PERKINELMER INC
• MYRIAD GENETICS INC
• 23&ME INC
• BIO-RAD LABORATORIES
• BGI GROUP
• ILLUMINA INC
• ABBOTT LABORATORIES
• LUMINEX CORPORATION

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Inkwood Research
169, Harrison Avenue
Boston, MA 02111
Tel: 1-(857)293-0150
Email: sales@inkwoodresearch.com
Website: www.inkwoodresearch.com

We at Inkwood research provide you with not just consulting services but also with syndicated and customized research reports which help advance your business further.

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