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Global Genetic Testing Market (2022-2027) by Type, Technology, Applications, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis

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  • 191 Pages
  • May 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5601701
The Global Genetic Testing Market is estimated to be USD 10.43 Bn in 2022 and is projected to reach USD 19.96 Bn by 2027, growing at a CAGR of 13.86%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Genetic Testing Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Genetic Testing Market is segmented based on Type, Technology, Applicationsand Geography.
  • By Type, the market is classified into Carrier Testing, Diagnostic Testing, New Born Screening, Pharmacogenomics, Preimplantation Testing, Prenatal Testing, and Presymptomatic and Predictive Testing.
  • By Technology, the market is classified into Cytogenetics, DNA Sequencing, Gene Expression Profiling, Microarrays, and PCR.
  • By Applications, the market is classified into Autoimmune Disorders, Cancer, Chronic Diseases, Genetic Disorders, and Neurodegenerative Diseases.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Agilent Technologies, Becton, Dickinson and Company, Eurofins Scientific, F Hoffmann La Roche, Fulgent Genetics, Health Network Laboratories, Invitae, Laboratory of America Holdings, Macrogen, Myriad Genetics, OPKO Health, PerkinElmer, PreventionGenetics, Progenity, QIAGEN, Quest Diagnostics, Sanofi, Strand Life Sciences, Thermo Fisher Scientific, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Genetic Testing Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The report analyses the Global Genetic Testing Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Genetic Testing Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Genetic Testing Market

What is the estimated value of the Global Genetic Testing Market?

The Global Genetic Testing Market was estimated to be valued at $10.43 Billion in 2022.

What is the growth rate of the Global Genetic Testing Market?

The growth rate of the Global Genetic Testing Market is 13.8%, with an estimated value of $19.96 Billion by 2027.

What is the forecasted size of the Global Genetic Testing Market?

The Global Genetic Testing Market is estimated to be worth $19.96 Billion by 2027.

Who are the key companies in the Global Genetic Testing Market?

Key companies in the Global Genetic Testing Market include Agilent Technologies, Becton, Dickinson and Company, Bio, Rad Laboratories, Centogene, Color Genomics, Coopersurgical, Eurofins Scientific, F Hoffmann La Roche and Fulgent Genetics.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Growing Application of Genetic Testing in Oncology and Genetic Diseases
4.1.2 Growing Adoption of Precision Medicine Diagnostic Techniques
4.1.3 Rising Implementation of Personalized Medicine Applications to Treat Chronic Disorders
4.1.4 Growing Demand for Direct-To-Consumer Genetic Testing
4.2 Restraints
4.2.1 Lack of Experienced Professionals
4.2.2 Social and Ethical Implications of Genetic Testing
4.3 Opportunities
4.3.1 Stringent Regulatory for Product Approvals
4.3.2 Technological Advances in the Field of Genetic Testing and Panels for ECS
4.4 Challenges
4.4.1 High Cost of Next Generation Sequencing
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Genetic Testing Market, By Type
6.1 Introduction
6.2 Carrier Testing
6.3 Diagnostic Testing
6.4 New Born Screening
6.5 Pharmacogenomics
6.6 Preimplantation Testing
6.7 Prenatal Testing
6.8 Presymptomatic and Predictive Testing
7 Global Genetic Testing Market, By Technology
7.1 Introduction
7.2 Cytogenetics
7.3 DNA Sequencing
7.4 Gene Expression Profiling
7.5 Microarrays
7.6 PCR
8 Global Genetic Testing Market, By Applications
8.1 Introduction
8.2 Autoimmune Disorders
8.3 Cancer
8.4 Chronic Diseases
8.5 Genetic Disorders
8.6 Neurodegenerative Diseases
9 Americas’ Genetic Testing Market
9.1 Introduction
9.2 Argentina
9.3 Brazil
9.4 Canada
9.5 Chile
9.6 Colombia
9.7 Mexico
9.8 Peru
9.9 United States
9.10 Rest of Americas
10 Europe’s Genetic Testing Market
10.1 Introduction
10.2 Austria
10.3 Belgium
10.4 Denmark
10.5 Finland
10.6 France
10.7 Germany
10.8 Italy
10.9 Netherlands
10.10 Norway
10.11 Poland
10.12 Russia
10.13 Spain
10.14 Sweden
10.15 Switzerland
10.16 United Kingdom
10.17 Rest of Europe
11 Middle East and Africa’s Genetic Testing Market
11.1 Introduction
11.2 Egypt
11.3 Israel
11.4 Qatar
11.5 Saudi Arabia
11.6 South Africa
11.7 United Arab Emirates
11.8 Rest of MEA
12 APAC’s Genetic Testing Market
12.1 Introduction
12.2 Australia
12.3 Bangladesh
12.4 China
12.5 India
12.6 Indonesia
12.7 Japan
12.8 Malaysia
12.9 Philippines
12.10 Singapore
12.11 South Korea
12.12 Sri Lanka
12.13 Thailand
12.14 Taiwan
12.15 Rest of Asia-Pacific
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Agilent Technologies
14.2 Becton, Dickinson and Company
14.3 Bio-Rad Laboratories
14.4 Centogene
14.5 Color Genomics
14.6 Coopersurgical
14.7 Eurofins Scientific
14.8 F Hoffmann La Roche
14.9 Fulgent Genetics
14.10 Health Network Laboratories
14.11 Invitae
14.12 Laboratory of America Holdings
14.13 Macrogen
14.14 Myriad Genetics
14.15 OPKO Health
14.16 PerkinElmer
14.17 PreventionGenetics
14.18 Progenity
14.19 QIAGEN
14.20 Quest Diagnostics
14.21 Sanofi
14.22 Strand Life Sciences
14.23 Thermo Fisher Scientific
15 Appendix
15.1 Questionnaire

Companies Mentioned

  • Agilent Technologies
  • Becton, Dickinson and Company
  • Bio-Rad Laboratories
  • Centogene
  • Color Genomics
  • Coopersurgical
  • Eurofins Scientific
  • F Hoffmann La Roche
  • Fulgent Genetics
  • Health Network Laboratories
  • Invitae
  • Laboratory of America Holdings
  • Macrogen
  • Myriad Genetics
  • OPKO Health
  • PerkinElmer
  • PreventionGenetics
  • Progenity
  • Quest Diagnostics
  • Sanofi
  • Strand Life Sciences
  • Thermo Fisher Scientific