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Market Research Report

Genetic Testing

Published by Global Industry Analysts, Inc. Product code 236763
Published Content info 79 Pages
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Genetic Testing
Published: February 1, 2020 Content info: 79 Pages
Description

Genetic Testing market worldwide is projected to grow by US$7.6 Billion, driven by a compounded growth of 14%. Genetic Testing, one of the segments analyzed and sized in this study, displays the potential to grow at over 14%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$12.6 Billion by the year 2025, Genetic Testing will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 15% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$299.8 Million to the region's size and clout in the next 5 to 6 years. Over US$363.1 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Genetic Testing will reach a market size of US$852.9 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 13.8% over the next couple of years and add approximately US$1.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,

  • 23andMe Inc.
  • Abbott Laboratories
  • AutoGenomics Inc.
  • Biocartis NV
  • BioRad Laboratories
  • Cepheid Inc.
  • ELITech Group S.P.A.
  • Illumina Inc.
  • Laboratory Corporation of America Holdings
  • Sequenom Inc.
  • Luminex Corporation
  • Natera Inc.
  • PerkinElmer Inc.
  • QIAGEN N.V.
  • Quest Diagnostics Inc.
  • Roche Diagnostics AG.
  • Roche Molecular Diagnostics Inc.
  • Thermo Fisher Scientific

Table of Contents
Product Code: MCP-1392

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Recent Market Activity
  • A Prelude
  • Top Ten Genetic Disorders Worldwide
  • Genetic Testing Market Experiences Exponential Growth
  • Regional Landscape
  • Key Challenges
  • Genetic Testing Paves the Way for Personalized Medicine
  • Next-Generation Sequencing (NGS) - A Giant Leap in Genome Sequencing
  • Biomarker Discovery Leads to Advanced Genetic Testing
  • List of US-FDA Approved Biomarkers for Cancer
  • Ballooning Global Population Offers Increased Growth Opportunities
  • Aging Population Drives the Genetic Testing Market
  • Improving Healthcare Expenditure to Drive Demand
  • Competitive Overview
  • Global Competitor Market Shares
  • Genetic Testing Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

  • 23andMe, Inc. (USA)
  • Abbott Laboratories (USA)
  • AutoGenomics, Inc. (USA)
  • Biocartis NV (Belgium)
  • BioRad Laboratories (USA)
  • Cepheid Inc. (USA)
  • ELITech Group S.P.A. (France)
  • Illumina, Inc. (USA)
  • Laboratory Corporation of America Holdings (USA)
  • Sequenom, Inc. (USA)
  • Luminex Corporation (USA)
  • Natera, Inc. (USA)
  • PerkinElmer, Inc. (USA)
  • QIAGEN N.V. (The Netherlands)
  • PerkinElmer, Inc. (USA)
  • Roche Diagnostics AG (Switzerland)
  • Roche Molecular Diagnostics, Inc. (USA)
  • Thermo Fisher Scientific Inc. (USA)

3. MARKET TRENDS & DRIVERS

  • Direct-to-Consumer Genetic Testing - A Key Trend in the Genetic Testing Market
  • Direct-to-Consumer Genetic Testing is Here to Stay
  • Creating a Platform for New Companies
  • Business Models for DTC Genetic Testing Firms
  • Growing Prominence of DTC Genetic Testing: A Boon or a Curse?
  • Challenges to DTC-GT Market
  • Considerations for Market Entry
  • Emphasizing Consumer Empowerment
  • Offer Wraparound Provision
  • Offer Wraparound Provision
  • Whole Genome Sequencing (WGS) - Boon or Bane to Genetic Testing?
  • Utility of Genetic Testing for Warfarin Study
  • As Technologies Grow, Need for Better Interpretation of Tests Increases
  • Focus on Health & Wellness and Genetic Counseling
  • Selling Collected Patient Genetic Information Becomes a New Business
  • Oncology - A Key Focus Area for Genetic Testing
  • Liquid Biopsy to Change the Face of Cancer Diagnosis and Treatment
  • Genetic Testing May Aid CNS Disease Therapeutics
  • Neurodegenerative Diseases - Another Major Focus Area for Genetic Testing
  • Alzheimer's Disease
  • Validity of Emerging Genetic Tests for Alzheimer's
  • Newly Developed Test Predicts Age of Onset of Alzheimer's
  • Huntington's Disease
  • Genetic Testing - An Indispensable Tool for Cystic Fibrosis
  • Recommendations of ACOG and ACGM Augments Demand for Cystic Fibrosis Testing
  • Histocompatibility Testing
  • Pediatric Genetic Testing for Screening Adult Onset Disorders Fast Gaining Acceptance
  • Point-of-Care Genetic Testing Gains Popularity
  • Better Regulatory Safeguards Required for Global Genetic Testing Industry
  • Challenges Faced
  • Controversial Applications Marr Genetic Testing Market
  • Genetic Counseling Gaining Momentum
  • Online Approach Gains Momentum
  • Ethical Issues & Need for Appropriate Regulating Policies
  • Issues Related to Genetic Tests for Obesity
  • Diagnosis and Treatment during Pregnancy - An Effective Way of Alleviating Syphilis Related Deaths and Stillbirths

4. GLOBAL MARKET PERSPECTIVE

  • TABLE 1: Genetic Testing Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025
  • TABLE 2: Genetic Testing Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017
  • TABLE 3: Genetic Testing Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
    • Market Facts & Figures
    • Market Analytics
    • TABLE 4: United States Genetic Testing Market Estimates and Projections in US$ Million: 2018 to 2025
    • TABLE 5: Genetic Testing Market in the United States: A Historic Review in US$ Million for 2009-2017
  • CANADA
    • TABLE 6: Canadian Genetic Testing Market Estimates and Forecasts in US$ Million: 2018 to 2025
    • TABLE 7: Canadian Genetic Testing Historic Market Review in US$ Million: 2009-2017
  • JAPAN
    • TABLE 8: Japanese Market for Genetic Testing: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025
    • TABLE 9: Genetic Testing Market in Japan: Historic Sales Analysis in US$ Million for the Period 2009-2017
  • CHINA
    • TABLE 10: Chinese Genetic Testing Market Growth Prospects in US$ Million for the Period 2018-2025
    • TABLE 11: Genetic Testing Historic Market Analysis in China in US$ Million: 2009-2017
  • EUROPE
    • Market Facts & Figures
    • Market Analytics
    • TABLE 12: European Genetic Testing Market Demand Scenario in US$ Million by Region/Country: 2018-2025
    • TABLE 13: Genetic Testing Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017
    • TABLE 14: European Genetic Testing Market Share Shift by Region/Country: 2009 VS 2019 VS 2025
  • FRANCE
    • TABLE 15: Genetic Testing Market in France: Estimates and Projections in US$ Million for the Period 2018-2025
    • TABLE 16: French Genetic Testing Historic Market Scenario in US$ Million: 2009-2017
  • GERMANY
    • TABLE 17: Genetic Testing Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025
    • TABLE 18: German Genetic Testing Historic Market Analysis in US$ Million: 2009-2017
  • ITALY
    • TABLE 19: Italian Genetic Testing Market Growth Prospects in US$ Million for the Period 2018-2025
    • TABLE 20: Genetic Testing Historic Market Analysis in Italy in US$ Million: 2009-2017
  • UNITED KINGDOM
    • TABLE 21: United Kingdom Market for Genetic Testing: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025
    • TABLE 22: Genetic Testing Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2009-2017
  • REST OF EUROPE
    • TABLE 23: Rest of Europe Genetic Testing Market Estimates and Forecasts in US$ Million: 2018-2025
    • TABLE 24: Genetic Testing Market in Rest of Europe in US$ Million: A Historic Review for the Period 2009-2017
  • ASIA-PACIFIC
    • TABLE 25: Genetic Testing Market in Asia-Pacific: Estimates and Projections in US$ Million for the Period 2018-2025
    • TABLE 26: Asia-Pacific Genetic Testing Historic Market Scenario in US$ Million: 2009-2017
  • REST OF WORLD
    • TABLE 27: Rest of World Genetic Testing Market Estimates and Forecasts in US$ Million: 2018 to 2025
    • TABLE 28: Rest of World Genetic Testing Historic Market Review in US$ Million: 2009-2017

IV. COMPETITION

  • Total Companies Profiled: 85
  • GENETIC TESTING MCP-1392
  • CONTENTS
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