Genetic Testing Market Analysis By Leading Players Opportunities and Demands To 2022 “Prevalence of diseases like cardiovascular and cancer, growth in acceptance of IT solutions for genetic testing, growing awareness regarding genetic services, and rising occurrence of common autoimmune diseases are documented as the major factors that are estimated to enhance the growth in the years to come.�
Global Genetic Testing Market is expected to grow at a significant CAGR of 10.32% in the upcoming period as the scope and its applications are rising enormously across the globe. Genetic Testing, also termed as DNA testing, is a process of analyzing the person’s chromosomes or DNA for the presence of particular DNA sequences that encode for traits of interest. It is mainly used to detect inherited disease causing disease and/or genes causing mutations. Prevalence of diseases like cardiovascular and cancer, growth in acceptance of IT solutions for genetic testing, growing awareness regarding genetic services, and rising occurrence of common autoimmune diseases are documented as the major factors that are estimated to enhance the growth in the years to come. However, high cost of genetic tests and lack of awareness regarding genetic services in developing countries are the factors that may restrain overall market in the years to come. Genetic Testing Market is segmented based on test type, end user, application, and region. Pharmacogenomics testing, prenatal testing, predictive & presymptomatic testing, and newborn screening are the test types that could be explored in Genetic Testing in the forecast period. In terms of revenue, predictive & presymptomatic testing sector accounted for the substantial market share of Genetic Testing and is estimated to lead the overall market in the upcoming period. This may be because of growing awareness regarding diseases like cancer and early diagnosis of diseases. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/genetic-testing-market