DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Genetic Testing Market - Industry Analysis and Market Forecast 2015-2020" report to their offering.
Genetic testing is the analysis of genes, chromosomes, or proteins to predict the risk of diseases, identify carriers (individuals who do not have the disease but have a copy of the disease gene) of disease, diagnose diseases, or determine the likely course of a disease. Cytogenetics, Molecular Genetics, Cancer Genetics, Prenatal Screening and Prenatal diagnosis are type of genetic tests that involves examining a person's genetic material taken from cells in a sample of blood or, occasionally, from other body fluids or tissues.
Genetic Testing market growth is driven by increasing adoption in oncology applications, growing public awareness and demand for personalized medicine. There is an increase in life expectancy and a growing aging population. There is also a rise in the number of chronic diseases and an increasing incidence of cancer these factors are propelling growth of the genetic testing market.
Genetic testing represents the most rapidly expanding segment of the molecular diagnostics market worldwide. The growing incidence of genetic diseases unravels new opportunities for genetic testing. The transformation of genetic testing from being a service-driven market to a product-driven market is expected to provide an impetus to the diagnostic companies for the expansion of their operations.
There is an increase in the incidence of diseases such as cancer globally, this is accelerated by the aging population and higher life expectancy. The technical advances and medical research are also factors that drive the market.
The technology such as genetic testing is expensive and not affordable by the entire population.
- Abbott Molecular
- Ariosa Diagnostics
- Biocartis SA
- Celera Corporation
- Daan Diagnostics Ltd.
- Roche Diagnostics Limited
- HTG Molecular Diagnostics
For more information visit http://www.researchandmarkets.com/research/3c2lzx/global_genetic