Product ID: SQMIG35H2074
Global Genetic Testing Market Size, Share, Growth Analysis, By Type(Predictive & presymptomatic testing, carrier testing), By Technology(Cytogenetic testing, molecular testing), By Application(Cancer diagnosis, genetic disease diagnosis) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2074 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
94 |
Figures:
76
Global Genetic Testing Market Regional Insights
North America dominated the global genetic testing market in terms of revenue in 2020 and is expected to maintain its dominance during the forecast period. This is due to the increasing awareness of the population about the benefits of the testing among consumers. In addition, the widespread adoption of genetic testing kits among the population has been aided by easy access to self-testing kits through online websites in countries such as the US. Additionally, the market has grown tremendously due to the increasing prevalence of numerous chronic diseases among the majority of the population and rising consumer spending on healthcare. In the coming years, the market is predicted to be driven by the growing aging population in the US. Additionally, increasing acceptance and usage of formulated drugs among the population is expected to drive market growth.
The most opportunistic market is expected to be in Asia Pacific over the forecast period. Asia Pacific is characterized by a sizable population, an increase in the prevalence of chronic diseases, and expanding public awareness of genetic testing. Rising disposable income and rising healthcare expenditure are also predicted to fuel market growth.
Global Genetic Testing Market Report Snapshots
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