The latest survey report on Global Genetic Testing Services Market is released by HTF MI covering various players of the industry selected from global geographies like North America, Europe, and Asia-Pacific etc. A perfect mix of quantitative & qualitative Market information highlighting developments, and industry challenges that competitors are facing along with gaps and opportunities available and would trend in Genetic Testing Services market. The study bridges the historical data from 2019 to 2023 and is forecasted till 2030*. Some are the key & emerging players that are part of the coverage and were profiled in the current version are 23andMe, Myriad Genetics, Illumina, Thermo Fisher Scientific, Invitae, Quest Diagnostics, Fulgent Genetics, Natera, Eurofins Scientific, Ambry Genetics, Pathway Genomics, Counsyl, Color Genomics, Centogene, Blueprint Genetics.
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The Genetic Testing Services Market is estimated to reach USD $35 billion by 2030, currently pegged at USD $14 billion. In 2019 the market size was ~ USD $9 billion since then the growth rate of 12% was witnessed in the market.
The Genetic Testing Services Market includes a wide range of services aimed at analyzing DNA to identify genetic disorders, ancestry, and disease risks. These services include predictive testing, carrier testing, prenatal testing, and newborn screening. The market is driven by advancements in genomics, growing awareness of personalized medicine, and increasing demand for early detection of genetic disorders. Genetic testing is becoming increasingly popular for its role in preventing and managing diseases, as well as in determining personalized treatment options.
Market Trends:
- Increasing use of genetic testing in personalized medicine, Growth of direct-to-consumer genetic testing services, Expansion of pharmacogenomic testing
Market Drivers:
- Advances in genomics, Increasing demand for personalized medicine, Growing consumer awareness of the benefits of genetic testing
Market Challenges:
- Ethical concerns related to genetic data privacy, Regulatory challenges, High costs of genetic testing services
Analysts at HTF MI have classified and compiled the research data from both perspectives (Qualitative and Quantitative)
Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
• % Market Share, Segment Revenue, Swot Analysis for each profiled company [23andMe, Myriad Genetics, Illumina, Thermo Fisher Scientific, Invitae, Quest Diagnostics, Fulgent Genetics, Natera, Eurofins Scientific, Ambry Genetics, Pathway Genomics, Counsyl, Color Genomics, Centogene, Blueprint Genetics]
• Business overview and Product/Service classification
• Product/Service Matrix [Players by Product/Service comparative analysis]
• Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D, etc.)
• Consumption, Capacity & Production by Players
Qualitative Data:
Market data break up by regions, Type & Application/End-users
• Genetic Testing Services Market Revenue & Growth Rate by Type [Predictive Testing, Carrier Testing, Prenatal Testing, Newborn Screening, Pharmacogenomic Testing] (Historical & Forecast)
• Genetic Testing Services Market Revenue & Growth Rate by Application [Ancestry testing, Disease risk analysis, Newborn screening, Personalized medicine, Cancer risk assessment] (Historical & Forecast)
• Genetic Testing Services Market Revenue, Volume & Growth Rate by Each Country Specified, Application & Type (Historical & Forecast)
• Genetic Testing Services Market Revenue, Volume* & Y-O-Y Growth Rate by Players (Base Year)
Qualitative Data:
It would include sections specific to market dynamics and the trending factors affecting or driving the growth of the market. To List a few names of sections covered are
• Genetic Testing Services Industry Overview
• Genetic Testing Services Market Growth Drivers, Trends & Restraints
• Impact Analysis of Current Scenario on Genetic Testing Services Market
• Gaps & Opportunities in Genetic Testing Services Market
• Market Entropy** [Highlighting Aggressiveness or Strategic Moves of Industry Players]
• PESTLE Analysis (360-degree view of the market)
• Porter Five Forces Model (competitive rivals, potential new market entrants, suppliers, customers, and substitute products)
• Patent & Trademark Analysis** [Licenses, Trademarks & Approvals]
• Competitive Analysis (Landscaping SWOT Analysis of each Player/Manufacturers Profiled in Study)
• Genetic Testing Services Market Development and Insights etc. [Covers Product/Service Launch, Innovation, etc.]
• Investment & Project Feasibility Study**
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Important Features that are under offering & key highlights of the Genetic Testing Services market report:
1) What Market data break-up does a basic version of this report covers other than players’ information?
Global Genetic Testing Services Product Types In-Depth: Predictive Testing, Carrier Testing, Prenatal Testing, Newborn Screening, Pharmacogenomic Testing
Global Genetic Testing Services Major Applications/End users: Ancestry testing, Disease risk analysis, Newborn screening, Personalized medicine, Cancer risk assessment
Geographical Analysis: North America, South America, the Middle East and Africa, Europe, Asia-Pacific etc.
2) What are the companies profiled in the basic version of the report? Is it possible to customize the list?
Players that are currently profiled in the study are “23andMe, Myriad Genetics, Illumina, Thermo Fisher Scientific, Invitae, Quest Diagnostics, Fulgent Genetics, Natera, Eurofins Scientific, Ambry Genetics, Pathway Genomics, Counsyl, Color Genomics, Centogene, Blueprint Genetics”. Yes list can also be customized, a maximum of 5-6 players can be swapped with the list of your target competition.
** List of players mentioned may vary in the final report subject to Name Change / M&A activity in recent years. Final confirmation about the players would be provided by the research team depending upon the difficulty of the survey.
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3) What all regions or countries covered? Can we have a list of countries of my choice?
Currently, the basic version research report is focusing on regions such as North America, South America, the Middle East and Africa, Europe, Asia-Pacific etc. The list of countries can be customized as per your interest and final confirmation would be dependent upon the feasibility test and data availability in the research repository.
4) How can we include Segmentation / Market breakdown of Business Interest? Is it possible to get information on Market Makers?
Yes, the inclusion of additional segments is very much possible subject to data availability and the difficulty of the survey. At times our client requests market makers’ information that can be covered on special request after considering requirements with the Analyst group of HTF MI.
** Depending upon the requirement the deliverable time and quote will vary.
To comprehend Genetic Testing Services market sizing in the world, the Genetic Testing Services market is analysed across major global regions. HTF MI also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Israel, Saudi Arabia, United Arab Emirates, Turkey, North African Countries, and South Africa.
• Europe: UK, France, Italy, Germany, NORDIC Countries, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Malaysia, Singapore, Indonesia, Singapore, and Australia.
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Actual Numbers & In-Depth Risk & Return Analysis of Genetic Testing Services Market with opportunities Available in Final Report.
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