Global Genetic Testing Market Size Analysis, 2018-2028

REPORT ID: BKR716 Domain: Healthcare Published Date: May 2018

 

 

Global Genetic Testing Market Size Analysis

The Global Genetic Testing Market Size is estimated to be valued over USD 4.6 billion in 2018 with CAGR of 15.7% during the forecast period, 2018 – 2028.

Increase in higher prevalence of genetic diseases along with demand or effective screening and diagnostics mechanism has led to favorable ecosystem for genetic testing market players. Technological advancement and competitive pressure has significantly led to decline in prices by 11% between 2011 and 2017. Various new genetic testing units will emerge worldwide – leading to intense competition among leading giants and emerging players. However, product level strategy will play a key role in overall business expansion.

Though the commercialization of genetic testing market is in full swing, social sentiments will play a key role in overall industry positioning.  Recently, in April 2018, government of Estonia announced free genetic testing under state sponsored genetic testing and information service. Various other countries are expected to follow the same suit. This will lead to steep decline in overall prices and thus become commonplace in healthcare diagnostic system. Well reach distribution channels will play a key role in strengthening the market position. The trend will be likely in developed regions wherein the competition is intense and players are aggressively trying to capture a major chunk of the genetic testing market revenue.

Mergers and partnership are other key trend witnessed in the industry. Recently, in April 2018, Invitae entered in agreement with Biogen to offer genetic testing to patients who are clinically diagnosed with neuromuscular diseases. The move will certainly accelerate the diagnostic process in patients suspected of spinal muscular atrophy (SMA). Also, it will help company to build client relations. Similar such development could be visible in the near future.

Global Genetic Testing Market Size Analysis, By Therapeutic Application

By therapeutic application, genetic testing units will find maximum usage in neurodegeneration diseases and oncology. It is estimated to collectively account for 71% of global share in 2018. Alzheimer’s disease and Huntington disease could be prevented through early detection. As such, genetic testing units is gaining higher prominence worldwide.

According to World Health Organization (WHO), nearly 13 million people are diagnosed with cancer each year with 7.6 million people die suffering from cancer in 2017. As per the estimates, nearly 5% of targeted population suffers from inherited genetic cancer. Early detection could minimize the risk factor and ensure higher survival rate.

Global Genetic Testing Market Analysis, By Test Type

While molecular diagnostic tests accounted for majority of the market share, prenatal screening is gaining higher traction owing to advancement in technology along with price differentiation factor. As such, companies are investing heavily on development of testing units related to the specific segments. In February 2018, the Becton, Dickinson and Company announced the commercial availability of CE-IVD marked PAXgene Blood ccfDNA tube within the European Economic Area.

Global Genetic Testing Market Growth Analysis, By Technology

Based on technology, molecular testing will account for majority of the market share throughout the forecast period. This will be followed by biochemical testing that tracks the protein level activity. Cytogenetic testing is gaining traction, however, accounts for just a meagre share. It will gain 690 basis points to create higher incremental opportunity for industry players.

Global Genetic Testing Market Share Analysis | North America to dominate global Genetic Testing market sales

Globally, North America will account for the majority of the market share. It accounted for over 46% of global share in 2017. Higher disease prevalence, government initiatives coupled with higher R&D and healthcare spending has led to favorable ecosystem in the region. Direct to consumer genetic test is recently gaining traction in the region and is likely to be the prominent trend in North America.

Asia Pacific will register fastest growth and will gain 460 basis points – thereby creating high incremental opportunity for industry players. China and India will collectively account for 73% of regional share with both countries registering a CAGR above 21%.

Global Genetic Testing Market Size and Forecast: Competition Landscape

Some key global genetic testing market players are Abbott Laboratories, ELITech Group, Quest Diagnostics Inc., BioRad Laboratories, Roche Diagnostics Corp., Abbott Molecular Inc., AutoGenomics Inc., Celera Group, PerkinElmer Inc., Applied Biosystems Inc., Roche Molecular Diagnostics Inc., Transgenomic Inc. and others.

Genetic Testing Market Industry Segmentation

By Test Type:

  • Newborn Screening
  • Prenatal Testing
  • Diagnostic Screening
  • Pharmacogenomic Testing
  • Predicitive Diagnostics

By Therapeutic Application:

  • Alzheimer’s Disease
  • Huffington Disease
  • Cystic Fibrosis
  • Sickle Cell Anemia
  • Thalassemia
  • Oncology

By End-use:

  • Hospitals
    • Multi-Chain Hospitals
    • Independent Hospitals
  • Specialty Clinics
  • Diagnostic Centers

By Technology:

  • Cytogenetic Testing
  • Biochemical Testing
  • Molecular Testing

What Will You Discover in the Report?

  • An in-depth analysis of the Genetic Testing market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Genetic Testing market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Genetic Testing market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Genetic Testing industry during the forecast period
  • Who are the Genetic Testing industry leaders and what are the key initiatives taken by them for long term growth

Analyst access with Bekryl Market Analysts

Purchasing of Genetic Testing market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Genetic Testing Market Size TOC

  1. Report Structure
  2. Research Methodology
    • Market Engineering Factors Weightage
    • Market Share Methodology
  3. Executive Summary
    • Key Findings
    • Market Engineering Factors
    • Industry Expert Perspectives
  4. Market Definitions
  5. The Global Genetic Testing Market Value
    • Overall Market Forecast
    • Genetic Testing Growth Outlook, By Segments
    • Genetic Testing Growth Scenario, by Region
  6. The Genetic Testing Industry Ecosystem
    • Parent Market Overview
    • Industry Value Chain and Distribution Analysis
    • Growth Factor Analysis
    • Key Industry Players By Region
    • Macro Factor Relational Value Analysis
  7. The Genetic Testing Industry Dynamics
    • Drivers
      • Supply Side Drivers
      • Demand Side Drivers
      • Macroeconomic Factors
    • Challenges
    • Opportunities
    • Mega Trends
    • Geographical Trends
    • Industry Experts Views
    • Merger Acquisition
    • Regulatory Compliances, By Selected Countries
    • Key Industry Developments
  8. The Genetic Testing Market Pricing Analysis
    • Genetic Testing Pricing Forecast
    • Pricing Analysis By Region
    • Pricing Trends
  9. Global Genetic Testing Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Industry Predictive Analysis
    • Genetic Testing Industry Segment Comparative Ranking Analysis
    • Key Companies Involved and Initiatives
    • Global Industry Opportunity Proposition Analysis
    • Market Share Analysis, (%)
    • Global Genetic Testing Market Size and Forecast, (2017-2028)
      • Market Value Forecast (US$ Million)
      • Growth Analysis (Y-o-Y) and Forecast
  1. Global Genetic Testing Industry Size and Forecast, By Segments
  2. By Product Type:
    • By Type:
      • Polymer Free Coatings
        • Microporous Surface
        • Microstructured Surface
        • Slotted Tubular Surface
        • Nanoporous Surface
      • Polymer Based Coatings
        • Biodegradable
        • Non-biodegradable
      • By Therapeutic Application:
        • Coronary Artery Disease
        • Peripheral Artery Disease
      • By End-use:
        • Hospitals
          • Multi-Chain Hospitals
          • Independent Hospitals
        • Specialty Clinics
        • Cardiology Centers
        • Ambulatory Surgical Units
  1. By End-use:
    • Hospitals
      • Multi-Chain Hospitals
      • Independent Hospitals
    • Specialty Clinics
    • Ambulatory Surgical Units
    • Diagnostic Centers
    • Academic and Research Centers
    • Others
  2. North America Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis
    • North America Genetic Testing Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • North America Genetic Testing Market, By Segments (As mentioned in section 10 of TOC)
    • S. Genetic Testing Market Size and Forecast, By Segments
    • Canada Genetic Testing Market Size and Forecast, By Segments
  3. Latin America Genetic Testing Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Latin America (South America) Genetic Testing Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • Latin America Genetic Testing Market, By Segments (As mentioned in section 10 of TOC)
    • Brazil Genetic Testing Market Size and Forecast, By Segments
    • Argentina
    • Mexico
    • Rest of Latin America

(Genetic Testing industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Western Europe Genetic Testing Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Western Europe Genetic Testing Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Western Europe Genetic Testing Market, By Segments (As mentioned in section 10 of TOC)
    • Germany Genetic Testing Market Size and Forecast, By Segments
    • UK
    • France
    • Spain
    • Italy
    • NORDIC
    • Switzerland
    • Rest of Western Europe

(Genetic Testing industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Central and Eastern Europe (CEE) Genetic Testing Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Central and Eastern Europe Genetic Testing Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Central and Eastern Europe Genetic Testing Market, By Segments (As mentioned in section 10 of Genetic Testing Market TOC)
    • Russia Genetic Testing Market Size and Forecast, By Segments
    • Poland
    • Ukraine
    • Rest of CEE

(Genetic Testing industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Asia Pacific Genetic Testing Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Asia Pacific Countries
    • Asia Pacific Genetic Testing Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Asia Pacific Genetic Testing Market, By Segments (As mentioned in section 10 of TOC)
    • Japan Genetic Testing Market Size and Forecast, By Segments
    • China
    • India
    • South Korea
    • Australia
    • ASEAN
    • Rest of Asia Pacific

(Genetic Testing industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Middle East Genetic Testing Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Middle East Countries
    • Middle East Genetic Testing Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Middle East Genetic Testing Market, By Segments (As mentioned in section 10 of TOC)
    • GCC Genetic Testing Market Size and Forecast, By Segments
    • Israel
    • Rest of Middle East

(Genetic Testing industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Africa Genetic Testing Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Africa Countries
    • Market Share Analysis, (%)
    • Africa Genetic Testing Industry Size and Forecast, (2017-2028)
    • Africa Genetic Testing Industry Share (%)
    • Africa Genetic Testing Industry Growth Forecast (%)
    • South Africa Genetic Testing Market Size and Forecast, By Segments
    • Algeria
    • Nigeria

(Genetic Testing industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Genetic Testing Market Competitive Landscape
    • Competition Dashboard
    • Funding and Investment
    • Company Market Positioning
    • Marketing Mix Strategies
    • Product Level Strategies
    • Go-to-Market Strategies
    • SWOT Analysis
    • Key Developments, By Companies
    • Company Profiles*
      • Abbott Vascular Inc.,
      • AlviMedica Medical Technologies Inc.,
      • Medtronic, Inc.,
      • Abbott Laboratories,
      • HangZhou HuaAn Biotechnology Co.,Ltd,
      • XTENT, Inc.,
      • Biosensors International Group,
      • CARDIONOVUM GmbH,
      • KYOTO MEDICAL PLANNING Co., Ltd.,
      • Boston Scientific Corporation,
      • Terumo Medical Corporation,
      • Cook Medical,
      • Shandong JW Medical Systems,
      • Stentys,
      • Biotronik,
      • Lepu Medical Technology
      • Amaranth Medical, Inc.,
  1. Analyst Opinion
  2. Summary and Conclusion
  3. For more Information, Bekryl can help

*(SWOT, Key Developments, and Strategies are based on individual companies)

To access the detailed Genetic Testing industry TOC and sample research pages, download sample.

Genetic Testing Market Report Structure

Genetic Testing Industry Dynamics

This section enables Genetic Testing industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Genetic Testing market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Genetic Testing industry trends and keep industry leaders abreast of latest happenings.

This section includes:

  • Market Drivers
  • Market Challenges
  • Genetic Testing Industry Trends
  • Genetic Testing Value Chain Analysis
  • Marketing Opportunities
  • Regulatory Aspects
  • Genetic Testing Industry Experts Market Opinion

Industry Analysis, By Segments

Industry stakeholders receive detailed analysis of the Genetic Testing industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.

Each segment has research framework, essential to understand the market scenario in near future.

Each segment includes:

  • Market Size and Forecast
  • Annual Growth Rate Analysis (AGR)
  • Key Trends, By segments
  • Key Industry Developments
  • Investment Proposition Analysis
  • Potential Addressable Market Analysis
  • Growth Factor, By Segment Analysis

This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.

Competition Landscape

Keep abreast of key strategies of industry leaders and regional Genetic Testing industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.

This section include:

  • Competition dashboard
  • SWOT Analysis by Companies
  • Go-to-market sales strategy
  • Financial performances subject to listed companies
  • Market Share Analysis
  • Analyst Recommendation

 

Regional Market Analysis

Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Genetic Testing market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.

This section include:

  • Market Size by Country and Region
  • Market Opportunity, By Country and Region
  • Regional Trends
  • Growth Analysis and Forecast

Country Profiles

Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any

North America Genetic Testing Market Size

  • S.
  • Canada

Latin America Genetic Testing Market Size

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

(*Genetic Testing Market value analyzed across each Latin America country)

Western Europe Genetic Testing Market Size

  • Germany
  • UK
  • France
  • Switzerland
  • Spain
  • Italy
  • NORDIC
  • Rest of Western Europe

(*Genetic Testing Market value analyzed across each Western Europe country)

Central and Eastern Europe Genetic Testing Industry Analysis

  • Russia
  • Poland Meat
  • Ukraine Meat
  • Rest of Eastern Europe

(*Genetic Testing Market value analyzed across each Central and Eastern Europe country)

Asia Pacific Genetic Testing Industry Size

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN Meat
  • Rest of Asia Pacific

(*Genetic Testing Market value analyzed across each Asia Pacific country)

Middle East Genetic Testing Industry Size

  • GCC
  • Israel
  • Rest of Middle East

(*Genetic Testing Market value analyzed across each Middle East country)

Africa Genetic Testing Industry Size

  • South Africa
  • Algeria
  • Nigeria
  • Rest of Africa

Genetic Testing Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Genetic Testing Market Growth Forecasting Methodology

In order to prepare historical data and analyze Genetic Testing market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Genetic Testing market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Genetic Testing market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, patients turnaround, spending patterns, healthcare amenities, and GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on these factors across targeted countries.  Under this, co-relation is analyzed between product and the said parameters– resulting in a constant Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Genetic Testing industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides Market Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

 Genetic Testing Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

 

Purchase
   

HOW WE ARE DIFFERENT

Bekryl widget

 

Growth Partnership

We work together with our clients to present strategic market research solutions that not only helps in understanding the net opportunity but also industry macroeconomic trends shaping the market. We extend our services to all types of industries ranging from inspiring startups to industry giants.

Tailored Solutions

We provide strategic solutions that help client meet their business needs. Our market research and consulting services includes wide range of organizations ranging from industries to educational and research institutes. Our well-equipped analytical team help client to explore digital platform for maximizing profits.

Industry Partnership

Bekryl Analysts track over 800 media channels and over 9000 market players to get the most blistering information on latest happening. It helps Bekryl to contribute consulting solutions that is proven and effective for clients.

CONNECT WITH US

Purchase