Predictive genetic testing is used to detect genetic diseases such as Huntington’s diseases, cancer, and neurodegenerative diseases. Predictive genetic testing identifies specific gene alteration, DNA analysis and genetic material. Growing number of tests to help to treat and manage individual health conditions Is anticipated drive the market for predictive genetic testing over the study period. Numerous methods are practiced nowadays used for predictive genetic testing, the selection of test is purely dependent on the type of irregularity. Prenatal and genomic testing are the main type of technology used to detect anomalies in the DNA sequence, protein structure and chromosome structure. A sharp trend in utilization of predictive genetic testing for diagnosis and treatment of rare disease and genetic anomaly has been observed, driving the growth of the predictive genetic testing market. The screening of cancer and genetic abnormalities involves the use of fluorescence in situ hybridization, Comparative genomic hybridization and Karyotyping indirectly propelling the demand of the predictive genetic market
The emerging demand for predictive genetic testing is largely arising from the increased awareness of the people towards cardiac care. The major factor driving the growth of predictive genetic testing market is increasing prevalence of cancer and genetic disorders coupled with growing awareness about personalized medicine. The continuously growing adoption pf genetic testing and advancement in genetic testing technique is driving the demand for predictive genetic testing market. Moreover, the growing adoption of diagnostic test based on the genetic makeup of the cell, and detailed diagnosis also increases the probabilities for adopting Predictive genetic testing techniques consequently increasing demand for Predictive genetic testing. The rapidly developing medical care technologies and inventions are the key factor in early detection of genetic disorders. However, stringent regulatory guidelines for instrument used in Predictive genetic testing coupled with limited awareness about genetic testing is estimated to restrain growth of the Predictive genetic testing market.
The global Predictive genetic testing market is segmented on the basis of Test type, technology, Application, and Geography:
The global predictive genetic testing market is largely consolidate owning to the presence of large key players in the predictive genetic testing market. The significant competitive strength of the existing players in the evolving landscape of the global predictive genetic testing market is anticipated to offer new prospect in widening the application of the predictive genetic testing, substantially driving predictive genetic testing market growth. The key manufacturers of the predictive genetic testing are greatly concentrated on the technical edification of the end users to improve consumer outcomes. Furthermore, the adoptions of advanced predictive genetic testing services is expected to create lucrative growth opportunities for the service and third-party market competitors. Growing inclination toward trend in ‘predict is prevention’ is estimated to offer growth opportunity for Predictive genetic testing market. Selection of treatment regimen with Predictive genetic testing is projected to aid capturing higher share in Predictive genetic testing market.
Geographically, global Predictive genetic testing market is segmented into seven key regions viz. North America, Latin America, Europe, South Asia, East Asia Oceania and Middle East & Africa. North America is prominent region in Predictive genetic testing Market. Advancement in genetic care facilities, higher adoption to lifestyle changes, increase awareness about genetic disease, increase in preventative care and favorable government policies have improved the regulatory scenario for predictive genetic testing devices in north America. Additionally in Asia pacific region considerably higher market growth rate is expected due to constantly rising population and higher incidence of genetic abnormality. Relatively affecting the Predictive genetic testing market.
Some of the major key players competing in the global Predictive genetic testing Market are Myriad Genetics, Inc., Abbott Laboratories, Illumina, Inc., Genesis GeneticsThermo Fisher Scientific, Inc., Bio-Rad Laboratories Inc., , Agilent Technologies, F. Hoffmann-La Roche Ltd., Counsyl, Inc., ARUP Laboratories. BGI among others.
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Regional analysis includes