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Preimplantation Genetic Testing Is Projected To Grow At Nearly 9% CAGR Through 2031| Fact.MR study

Preimplantation Genetic Testing Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2021 to 2031

According to Fact.MR, the market for preimplantation genetic testing is likely to register an impressive valuation by 2031. Increasing prevalence of genetic disorders is broadening growth prospects. The market is projected to grow at nearly 9% CAGR through 2031. 

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Prominent Key players of the Preimplantation Genetic Testing market survey report:

  • Agilent Technologies Inc.
  • Abbott Laboratories
  • CooperSurgical Inc.
  • Oxford Gene Technology IP
  • Illumina Inc.
  • Thermo Fisher Scientific Inc.
  • PerkinElmer Inc.
  • Genea Limited
  • Natera Inc.
  • Rubicon Genomics Inc.
  • CombiMatrix Corporation

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Key Segments Covered

  • Test Type

    • Preimplantation Genetic Diagnostics
    • Preimplantation Genetic Screening
  • End User

    • Preimplantation Genetic Testing in Hospitals
    • Preimplantation Genetic Testing in Diagnostic Labs
    • Preimplantation Genetic Testing in Research & Academic Institutions
    • Preimplantation Genetic Testing in Specialized Clinics
    • Preimplantation Genetic Testing by Other End Users
  • Application

    • Preimplantation Genetic Testing for Embryo HLA Typing for Stem Cell Therapy
    • Preimplantation Genetic Testing for IVF Prognosis
    • Preimplantation Genetic Testing for Late-Onset Genetic Disorders
    • Preimplantation Genetic Testing for Inherited Genetic Diseases
    • Preimplantation Genetic Testing for Other Applications
  • Technology

    • NGS-based Preimplantation Genetic Testing
    • PCR-based Preimplantation Genetic Testing
    • FISH-based Preimplantation Genetic Testing
    • CGH-based Preimplantation Genetic Testing
    • SNP-based Preimplantation Genetic Testing

The insights for each vendor consists of:

  • Company profile
  • SWOT analysis
  • Main market information
  • Market share
  • Revenue, pricing and gross margin

What insights does the Preimplantation Genetic Testing Market report provide to the readers?

  • Preimplantation Genetic Testing fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each Preimplantation Genetic Testing player.
  • Various regulations imposed by the governments on the consumption of Preimplantation Genetic Testing in detail.
  • Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Preimplantation Genetic Testing.

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The report covers following Preimplantation Genetic Testing Market insights and assessment that are helpful for all participants involved in the Preimplantation Genetic Testing market:

  • Data on recently introduced regulations and their impact on key industries and on demand in Preimplantation Genetic Testing
  • Latest industry Analysis on Preimplantation Genetic Testing Market, with key analysis of market drivers, trends, and influencing factors
  • Key trends Analysis of Preimplantation Genetic Testing Market and changing consumer preferences in major industries.
  • Changing Preimplantation Genetic Testing demand and consumption of diverse products
  • Major trends underlining funding by key investors in numerous countries
  • New investment opportunities in diverse technology and product or service types
  • Comprehensive data and Competitive analysis of Preimplantation Genetic Testing major players
  • Preimplantation Genetic Testing Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
  • Preimplantation Genetic Testing demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Preimplantation Genetic Testing Market report include:

  • How the market for Preimplantation Genetic Testing has grown?
  • What is the present and future outlook of the global Preimplantation Genetic Testing on the basis of region?
  • What are the challenges and opportunities for the Preimplantation Genetic Testing?
  • Why the consumption of Preimplantation Genetic Testing highest in region?
  • In which year segment is expected to overtake segment?

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Pharmaceutical

Growing Prevalence Of Autoimmune Diseases Has Greatly Augmented The Demand For Genetic Testing Across The World

Genetic testing services have found widespread applications in several healthcare fields. These include oncology, obstetrics and ancestry. Genetic testing is predominantly used in determining the prevalence of various autoimmune diseases like rheumatoid arthritis, Type-1 diabetes mellitus, multiple sclerosis, cancers and Guillain-Barre syndrome.

There is a gradual rise in the prevalence of autoimmune diseases throughout the world. This growing prevalence of autoimmune diseases has greatly augmented the demand for genetic testing across the world.

Genetic testing services have come to be widely used for many applications in the fields of oncology, obstetrics and ancestry as well. These services are purported to assist clinicians and patients to identify hereditary factors leading to the outbreak of the diseases mentioned above. As more people resort to genetic testing services, various technological advancements such as RT-PCR and sequencing are available in the market.

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Key Takeaways of Global Genetic Testing Services Market:

  • By test-type, new born screening is set to expand rapidly during the forecast period, recording a CAGR of 8.4%. Increasing incidences of hyperthyroidism and other chronic diseases among infants is projected to boost this segment.
  • Hospital-based laboratories are set to gain maximum traction in the global genetic testing services market during the forecast period. This is attributed to the rising prevalence of hospitalization within the geriatric population who suffer from a number of ailments. The segment is anticipated to account for two-fifth of the overall genetic testing services market.
  • The oncology segment shall find maximum application for genetic testing services in the future. The segment shall register an impressive CAGR of 8% during the forecast period. Rising cases of cancer and increased awareness about early diagnosis is expected to drive the segment’s growth.
  • Autoimmune diseases segment shall gain significant traction, owing to importance of tracing hereditary-based factors responsible for the prevalence of diseases like cancers. The segment is projected to expand at a CAGR of 7.8%.
  • North America shall dominate the global genetic testing services market, owing to increased demand for knowing ancestry, in-vitro fertilization and pre-implantation testing. The region shall hold around two-fifth of the global genetic testing services market, registering a robust CAGR of 7% in the forecast period.

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  • Asia-Pacific projects lucrative possibilities for the expansion of the global genetic testing services market. Rising prevalence of cancer and increased incidences of genetic disorders such as Huntington’s disease are expected to boost market share in the region. A robust CAGR of 8.4% is predicted for the region.

Global Genetic Testing Services Market Segmentation

Fact.MR has studied the global genetic testing services market with detailed segmentation on the basis of test types, service providers, applications and key regions.

Test types Prenatal TestingNew Born ScreeningPredictive and Presymptomatic TestingPharmacogenomic TestingOthers
Service providers Hospital-based LaboratoriesDiagnostic LaboratoriesSpecialty ClinicsOthers
Applications OncologyInfectious DiseasesAutoimmune DiseasesOthers
Key Regions North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa

“The global genetic testing services market shows prolific growth opportunities in the future. With increased prevalence of autoimmune diseases, patients are increasingly seeking solutions that help them determine hereditary anomalies and seek appropriate treatment. This is expected to majorly boost the market,” concludes a Fact.MR analyst.

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Global Genetic Testing Services: Competition Landscape

The global genetic testing services market consists of the following players: Laboratory Corporation of America Holdings, Quest Genetics Incorporated, Genomic Health, Inc., NeoGenomics Laboratories, Inc., Eurofins Scientific, Ambry Genetics and 23andMe, Inc. Laboratory Corporation of America Holdings dominates the genetic testing services market. It provides specialty testing services in women’s health, Genetic genetics, allergies, cardiovascular disease and cancer Genetics.

The company processes tests on more than 3 million patient specimens per week and serves hundreds of thousands of customers in the United States. Likewise, Quest Genetics Incorporated offers various Genetic and clinical tests for several medical conditions such as hepatitis C, arthritis, cardiovascular diseases, neurology, Genetics, Pediatrics, autoimmune diseases and cancers. The company’s main area of expertise is in providing Genetic information services.

For More Insights- https://www.biospace.com/article/rising-demand-for-herbal-medicines-driving-rhizoma-gastrodiae-tablets-market-fact-mr/

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Rising Prevalence of Autoimmune Diseases to Augment Genetic Testing Services Market Growth – Fact.MR Study

250 Pages Genetic Testing Services Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

According to Fact MR’s recent market research, sales of Genetic Testing Services to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

Focus on improving overall patient care will remain a chief growth driver. Besides this, Genetic Testing Services market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.

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To offer an in-depth overview, the report provides sales projections for over 20 countries. It also identifies segments exhibiting maximum growth.

Digital Transformation in Healthcare Presenting Opportunities for Genetic Testing Services Market Growth

Healthcare organizations around the world are deploying digital tools to accommodating changing consumer preferences. They are pressing on solving the long-standing challenge pertaining to care model innovation.

Considering this, the focus on making healthcare affordable and more transparent will increase. Adoption of care model innovation in healthcare will have a profound impact on the Genetic Testing Services market.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Genetic Testing Services market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Genetic Testing Services

The report offers actionable and valuable market insights of Genetic Testing Services. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Genetic Testing Services Market across various industries and regions.

This newly published and insightful report sheds light on Market Insights of Genetic Testing Services, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Genetic Testing Services Market.

Global Genetic Testing Services Market Segmentation

Fact.MR has studied the global genetic testing services market with detailed segmentation on the basis of test types, service providers, applications and key regions.

Test types

  • Prenatal Testing
  • New Born Screening
  • Predictive and Presymptomatic Testing
  • Pharmacogenomic Testing
  • Others

Service providers

  • Hospital-based Laboratories
  • Diagnostic Laboratories
  • Specialty Clinics
  • Others

Applications

  • Oncology
  • Infectious Diseases
  • Autoimmune Diseases
  • Others

Key Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Global Genetic Testing Services: Report summary

The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in global genetic testing services market across the globe.

A comprehensive estimate on global genetic testing services market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the provision of global genetic testing services during the forecast period. Price point comparison by region with global average price is also considered in the study.

Global Genetic Testing Services Market: Analysis on market size evaluation

The global genetic testing services market has been analyzed for each market segment, in terms of value (US$ Mn).

Market estimates at global and regional levels for global genetic testing services is available in terms of “US$ Mn” for value, along with market attractiveness evaluation in the report. A Y-o-Y growth contrast on prominent genetic testing services segments, along with market attractiveness evaluation has been incorporated in the report.

Global Genetic Testing Services Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the global genetic testing services market report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (economic and business environment outlook), which are expected to have a momentous influence on the growth of global genetic testing services market during the forecast period.

Country-specific valuation on demand for global genetic testing services has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. Detailed breakup in terms of value for emerging countries has also been included in the report.

Global Genetic Testing Services Market: In-depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers of global genetic testing services along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the provision of genetic testing services, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.

Key Takeaways of Global Genetic Testing Services Market:

  • By test-type, new born screening is set to expand rapidly during the forecast period, recording a CAGR of 8.4%. Increasing incidences of hyperthyroidism and other chronic diseases among infants is projected to boost this segment.
  • Hospital-based laboratories are set to gain maximum traction in the global genetic testing services market during the forecast period. This is attributed to the rising prevalence of hospitalization within the geriatric population who suffer from a number of ailments. The segment is anticipated to account for two-fifth of the overall genetic testing services market.
  • The oncology segment shall find maximum application for genetic testing services in the future. The segment shall register an impressive CAGR of 8% during the forecast period. Rising cases of cancer and increased awareness about early diagnosis is expected to drive the segment’s growth.
  • Autoimmune diseases segment shall gain significant traction, owing to importance of tracing hereditary-based factors responsible for the prevalence of diseases like cancers. The segment is projected to expand at a CAGR of 7.8%.
  • North America shall dominate the global genetic testing services market, owing to increased demand for knowing ancestry, in-vitro fertilization and pre-implantation testing. The region shall hold around two-fifth of the global genetic testing services market, registering a robust CAGR of 7% in the forecast period.
  • Asia-Pacific projects lucrative possibilities for the expansion of the global genetic testing services market. Rising prevalence of cancer and increased incidences of genetic disorders such as Huntington’s disease are expected to boost market share in the region. A robust CAGR of 8.4% is predicted for the region.
  • The COVID-19 pandemic is anticipated to stimulate the growth of the genetic testing services market. As hospitals are reaching a saturation point, key companies are investing in various genetic testing methods to assist healthcare professionals in diagnosing and treating COVID-19.
  • Recently, Avellino Lab USA announced additional production shifts to scale up the manufacturing of the SARS-CoV-2/COVID-19 Test. Christened AvellinoCoV2, this ultra-rapid genetic test helps clinicians diagnose COVID-19 by identifying and isolating the genetic markers as approved by the FDA and the CDC. It is highly reliable and accurate as well.
  • Likewise, MedGenome and SciGenom Research Foundation have published research into genetic susceptibility of the COVID-19 disease. The research concludes that there are variants in the ACE-2 gene that will help protect individuals from infection. The firms hope to eventually develop a potential drug based on these variants in collaboration with a suitable pharmaceutical company.

“The global genetic testing services market shows prolific growth opportunities in the future. With increased prevalence of autoimmune diseases, patients are increasingly seeking solutions that help them determine hereditary anomalies and seek appropriate treatment. This is expected to majorly boost the market,” concludes a Fact.MR analyst.

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global genetic  testing services  market 02

Report Benefits & Key Questions Answered

  • Genetic Testing Services Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
  • Genetic Testing Services Historical volume analysis: The report provides a comparison of Genetic Testing Services’s historical sales and projected sales performance for 2021-2031.
  • Genetic Testing Services Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Genetic Testing Services market. It carefully gauges the impact of changing healthcare needs of key demographics globally
  • Genetic Testing Services Consumption by demographics: The report investigates consumer behavior affecting Genetic Testing Services demand outlook for the assessment period. Effect of their keenness for digital trends on Genetic Testing Services market is carefully analyzed
  • Post COVID consumer spending on Genetic Testing Services: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Genetic Testing Services market growth.

More Valuable Insights on Genetic Testing Services Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Genetic Testing Services, Sales and Demand of Genetic Testing Services, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:

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Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
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Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com