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The global genetic testing market was valued at $12 billion in 2019, and is expected to reach $21 billion by 2027, registering a CAGR of 10.1% from 2019 to 2027.
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GET PDF GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2019-2027 Genetic Testing Market KNOW MORE
GENETIC TESTING MARKET SEGMENTATION • BY TYPE • Predictive & Presymptomatic Testing • Carrier Testing • Prenatal & Newborn Testing • Diagnostic Testing • Pharmacogenomic Testing • Others • BY TECHNOLOGY • Cytogenetic testing/chromosome analysis • Biochemical testing • Molecular testing • BY APPLICATION • Cancer Diagnosis • Genetic Disease Diagnosis • Cardiovascular Disease Diagnosis
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By technology, molecular testing acquired the major share of genetic testing market in the year 2019 and is expected to maintain the lead over the forecast period. The growth of this segment is due to the fact that molecular testing is the most used technology for genetic testing. The prenatal & newborn testing held dominant position with highest revenue in 2019, and is expected to maintain its dominance during the forecast period. This is attributable to growth in awareness among people regarding healthcare and increase in incidences of mortality rate
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