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Genetic Testing Market Report Size to Exceed $6 Bn by 2028.
The report analyses the genetic testing market based on the type, technology, application and geography. Various type of genetic testing are covered in the genetic testing market are predictive and presymptomatic testing, carrier testing, prenatal and new born testing, diagnostic testing, pharmacogenomic testing and other.

Genetic tests Market are medical tests that analyze a person's DNA to detect changes or variations in their genes, chromosomes, or proteins that may indicate a predisposition to certain diseases or conditions. Genetic testing can be used for various purposes, such as diagnosing genetic disorders, identifying inherited conditions, determining a person's risk of developing certain diseases, and tailoring medical treatment based on a person's genetic makeup.

Genetic Testing Market Segmental Overview

The genetic testing market is segmented by type, technology, application and geography.

Genetic Testing Market by Type

 

Genetic tests can be broadly categorized into four main segments based on their purpose and the type of information they provide:

 

Diagnostic Tests: These tests are performed to diagnose a suspected genetic disorder in a person who exhibits symptoms. Diagnostic tests may involve analyzing specific genes, chromosomes, or proteins to determine if a person has an inherited genetic condition. Examples of diagnostic tests include whole-exome sequencing, karyotyping, and fluorescent in situ hybridization (FISH) tests.

 

Predictive Tests: These tests are performed to determine a person's risk of developing a particular genetic condition. Predictive tests are often used for conditions that develop later in life, such as breast cancer or Huntington's disease. These tests can help individuals make informed decisions about their health, such as making lifestyle changes or undergoing medical screenings. Examples of predictive tests include BRCA1 and BRCA2 gene testing for breast and ovarian cancer risk, and ApoE gene testing for Alzheimer's disease risk.

 

Carrier Tests: These tests are performed to determine whether a person carries a genetic mutation that could be passed on to their children. Carrier tests are often recommended for couples who are planning to have children to determine their risk of having a child with an inherited genetic condition. Examples of carrier tests include cystic fibrosis carrier screening and sickle cell anemia carrier screening.

 

Prenatal Tests: These tests are performed during pregnancy to detect certain genetic conditions in the fetus. Prenatal testing can be done using various methods, such as amniocentesis or chorionic villus sampling. Prenatal tests can detect genetic conditions that may affect a developing fetus, allowing parents to make informed decisions about their pregnancy and the medical care they will need for their child.

 

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Genetic Testing Market by Technology

 

The genetic testing market is comprised of various technologies such as cytogenetic testing, biochemical testing and molecular testing. In which molecular testing is likely to dominate the market in 2020. The rising use of molecular testing is propelling growth of genetic testing market. The molecular testing is widely used as it can analyze the losses and gains in the DNA which are not detectable with common chromosome analysis. 

 

Genetic Testing Market by Application

 

The genetic testing market have their extensive applications in the diagnosis of alzheimer’s disease, cancer, cystic fibrosis, sickle cell anaemia, duchenne muscular dystrophy, thalassemia, huntington’s disease, rare diseases and other. In which cancer diagnosis is expected to dominate the market in 2020. The rising incidences of cancer worldwide is propelling growth of genetic testing market. The growing awareness along the world population regarding the preventive diagnosis and personalized medicines is also boosting growth of genetic testing market.

 

Genetic Testing Market Key Players

The major key player covered in the report are 23 & Me Inc., Abbott Laboratories, Myriad Genetics Inc., Danaher Corporation, Illumina Inc., Luminex Corporation, Biorad Laboratories Inc., Perkinelmer Inc., Quest Diagnostics Incorporated, F. Hoffmann-La Roche Ltd, Eurofins Scientific and Qiagen Nv among others. 

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