One of the leading sectors of molecular diagnostics, the genetic testing has witnessed a rapid growth across the globe in the past few years. The report, “Global Genetic Testing Market Analysis” by RNCOS, says that the levels of both research and development, and investment are rising in the gene-based tests. With the increasing awareness about genetic disorders, the global genetic testing market has already reached the mark of US$ 1.5 Billion in 2010. It is estimated that the segment will grow further at a CAGR of around 26% during 2012-2015 to reach around US$ 4 Billion.
Research Analysis and Highlights
The 65-page report, which is an upshot of expansive research and objective analysis of the genetic testing market potentials in key countries of the world, provides data and coherent study of emerging sectors. The regulatory challenges, which will impact the industry’s future outlook globally, are also part of the detailed research. The report also provides an insight into country-level market scenario, disease- wise analysis, and industry developments, while giving a brief overview of prominent industry players. This way, the research not only portrays a clear picture of the market, but also presents a balanced outlook of it.
Some of the key findings of the report are:
- The suppliers for next-generation sequencing products will generate around US$ 1.9 Billion in sales by 2015.
- Direct-to-consumer testing has emerged amid a period of rapid growth in the number of available genetic tests.
- The United States holds the leading position in the global genetic testing market.
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