Dublin, July 27, 2020 (GLOBE NEWSWIRE) -- The "Global Hereditary Genetic Testing Market: Focus on Product, Sample, Technology, Genetic Testing Type, Application Area, Country Data (16 Countries), and Competitive Landscape - Analysis and Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
Hereditary genetic testing has grown significantly since the technology was first commercialized, but it is important to quantify that growth and describe future trends. The genome testing industry is proliferating, and its growth is expected to continue at its torrid pace. However, there are significant challenges that may dampen future growth if not addressed.
Our healthcare experts have found hereditary genetic testing to be one of the most rapidly evolving technologies, and the global market for hereditary genetic testing is predicted to grow at a CAGR of 13.59% over the forecast period of 2020-2030.
The unmet clinical needs for better tools to predict, diagnose, treat, and monitor disease are acting as significant factors driving the growth of the sequencing industry. Other factors driving the growth include the increased understanding of the molecular basis of disease, patient demand, industry investment, and regulations that allow marketing of tests without FDA approval.
Despite rapid advanced sequencing industry growth, there are several key issues that are needed to be addressed to facilitate future growth. The relatively high total costs of delivering sequencing test results compared with other technology platforms, and limited coverage by payers, are the key challenges to the growth of this industry. Whole-genome and exome sequencing remain relatively costly requiring initial equipment investment, specialized workforce requirements, and time-intensive variant interpretation.
Within the research report, the market is segmented on the basis of oncology genetic testing, cardiology genetic testing, neurology genetic testing, product, sample, application area, and region. Each of these segments covers the snapshot of the market over the projected years, the inclination of the market revenue, underlying patterns, and trends by using analytics on the primary and secondary data obtained.
Competitive Landscape
The exponential rise in the application of next-generation sequencing on the global level has created a buzz among companies to invest in the products and services of whole-genome and exome sequencing. Due to the diverse product portfolio and intense market penetration, whole-genome and exome has been a pioneer in this field and been a significant competitor in this market.
On the basis of region, North America holds the largest share, due to improved healthcare infrastructure, rise in per capita income, and improvised reimbursement policies in the region. Apart from this, Latin America and the Asia-Pacific region are anticipated to grow at the fastest CAGR during the forecast period.
Growth Drivers
- Rising Prevalence of Genetic Disorders
- Increasing Prevalence of Various Types of Cancer, Globally
- Increasing Research Funding in the Field of Genomics
Market Challenges
- Expensive Sequencing Procedures and Their Applications in Medical Treatments
- High Capital Requirement Hampering the Expansion of Global Reach
- Stringent Regulatory Standards
Market Opportunities
- Technological Advancements for Exome Sequencing
- Rise of Direct-to-Consumer (DTC) Testing Services
- Massive Scope for Adoption of NGS-Based in Emerging Nations
Key Questions Answered in this Report:
- What are the possible long-term and short-term impacts of hereditary genetic testing on the human health continuum?
- What are the major market drivers, challenges, and opportunities in the hereditary genetic testing?
- What are the key development strategies which are being implemented by the major players in order to sustain in the competitive market?
- What are the key regulatory implications in the developed and developing regions for the global hereditary genetic testing market?
- How are service-based companies impacting the growth of the global hereditary genetic testing industry and further shaping up future trends?
- How each segment of the market is expected to grow during the forecast period from 2020 to 2030?
- Who are the leading players with significant offerings to the global hereditary genetic testing market? What is the expected market dominance for each of these leading players?
- Which companies are anticipated to be highly disruptive in the future, and why?
- What are the needs that are yet to be met by the global hereditary genetic testing market with respect to the application area?
- What are the dynamics of various application areas and countries are impacting the global hereditary genetic testing market?
- What are the new market opportunities of various technologies influencing the growth of the global hereditary genetic testing market?
Key Topics Covered:
1 Product Definition
1.1 Hereditary Genetic Testing
1.2 Inclusion and Exclusion
2 Research Scope
2.1 Scope of the Study
2.2 Key Questions Answered in the Report
3 Research Methodology
3.1 Primary Data Sources
3.2 Secondary Data Sources
3.3 Market Estimation Model
3.4 Criteria for Company Profiling
4 Competitive Landscape
4.1 Mergers and Acquisitions
4.2 Product Launches
4.3 Synergistic Activities
4.4 Business Expansion Activities and Others
4.5 Market Share Analysis
4.6 Growth Share Analysis
5 Hereditary Genetic Testing: Overview
5.1 Current State of Hereditary Genetic Testing
5.2 Market Footprint and Future Potential
6 Market Dynamics
6.1 Overview
6.2 Impact Analysis
6.3 Market Drivers
6.3.1 Rising Prevalence of Genetic Disorders
6.3.2 Increasing Prevalence of Various Types of Cancer, Globally
6.3.3 Increasing Research Funding in the Field of Genomics
6.4 Market Restrains
6.4.1 Expensive Sequencing Procedures and Their Applications in Medical Treatments
6.4.2 High Capital Requirement Hampering the Expansion of Global Reach
6.4.3 Stringent Regulatory Standards
6.5 Market Opportunities
6.5.1 Technological Advancements for Exome Sequencing
6.5.2 Rise of Direct-to-Consumer (DTC) Testing Services
6.5.3 Massive Scope for Adoption of NGS-Based in Emerging Nations
7 Industry Insights
7.1 Legal and Regulatory Framework
7.1.1 United States
7.1.2 Europe
7.1.2.1 Germany
7.1.2.2 France
7.1.2.3 Italy
7.1.3 Asia-Pacific
7.1.3.1 China
7.1.3.2 Japan
7.1.3.3 Australia
7.2 Reimbursement Scenario
8 Global Hereditary Genetic Testing Market (by Product)
8.1 Overview
8.2 Kits and Consumables
8.3 Services
8.4 Others
9 Global Hereditary Genetic Testing Market (by Sample Type)
9.1 Overview
9.2 Tumor Tissue
9.3 Bone Marrow
9.4 Saliva
9.5 Blood
9.6 Other Sample Types
10 Global Hereditary Genetic Testing Market (by Technology)
10.1 Overview
10.2 Next Generation Sequencing (NGS)
10.3 Polymerase Chain Reaction (PCR)
10.4 Immunohistochemistry (IHC)
10.5 In-Situ Hybridization (ISH)
10.6 Microarray Techniques
10.7 Other Technologies
11 Global Hereditary Genetic Testing Market (by Oncology Genetic Testing Type)
11.1 Overview
11.2 Breast Cancer
11.3 Lung Cancer
11.4 Prostate Cancer
11.5 Colorectal Cancer
11.6 Melanoma
11.7 Other Oncology Hereditary Genetic Testing
12 Global Hereditary Genetic Testing Market (by Cardiology Genetic Testing Type)
12.1 Overview
12.2 Cardiomyopathy
12.3 Aortopathy
12.4 Arrhythmia
12.5 Other Cardiology Hereditary Genetic Testing
13 Global Hereditary Genetic Testing Market (by Neurology Genetic Testing Type)
13.1 Overview
13.2 Epilepsy
13.3 Neurodegenerative Disorders
13.4 Neuromuscular Disorders
13.5 Other Neurology Hereditary Genetic Testing
14 Global Hereditary Genetic Testing Market (by Other Genetic Testing type)
14.1 Newborn Screening
14.2 Prenatal Screening (NIPT) and Preimplantation Testing
14.3 Rare Disease Testing
14.4 Direct-to-Consumer Testing
15 Global Hereditary Genetic Testing Market (by Application Area)
15.1 Academic and Research
15.2 Clinical Diagnostics
15.3 Drug discovery
15.4 Monitoring and Screening
16 Global Hereditary Genetic Testing Market (by Region)
16.1 Overview
16.2 North America
16.2.1 U.S.
16.2.2 Canada
16.3 Europe
16.3.1 Germany
16.3.2 France
16.3.3 Italy
16.3.4 U.K.
16.3.5 Spain
16.3.6 Russia
16.3.7 Netherlands
16.3.8 Rest-of-Europe
16.4 Asia-Pacific
16.4.1 China
16.4.2 Japan
16.4.3 India
16.4.4 Australia
16.4.5 Singapore
16.4.6 Rest-of-APAC
16.5 Latin America
16.5.1 Brazil
16.5.2 Mexico
16.5.3 Rest-of-Latin America
16.6 Rest-of-the-World (RoW)
17 Company Profiles
17.1 Overview
17.2 Agilent Technologies, Inc.
17.2.1 Company Overview
17.2.2 Role of Agilent Technologies, Inc. in the Global Hereditary Genetic Testing Market
17.2.3 Financials
17.2.4 Key Insights About Financial Health of the Company
17.2.5 SWOT Analysis
17.3 Ambry Genetics
17.3.1 Company Overview
17.3.2 Role of Ambry Genetics in the Global Hereditary Genetic Testing Market
17.3.3 SWOT Analysis
17.4 Beijing Genomics Institute (BGI)
17.4.1 Company Overview
17.4.2 Role of BGI in the in the Global Hereditary Genetic Testing Market
17.4.3 SWOT Analysis
17.5 CENTOGENE AG
17.5.1 Company Overview
17.5.2 Role of CENTOGENE AG in the Global Hereditary Genetic Testing Market
17.5.3 SWOT Analysis
17.6 Eurofins Scientific SE
17.6.1 Company Overview
17.6.2 Role of Eurofins Scientific SE in the Global Hereditary Genetic Testing Market
17.6.3 Financials
17.6.4 SWOT Analysis
17.7 F. Hoffmann-La Roche Ltd
17.7.1 Company Overview
17.7.2 Role of F. Hoffmann-La Roche Ltd in the Global Hereditary Genetic Testing Market
17.7.3 Financials
17.7.4 Key Insights About Financial Health of the Company
17.7.5 SWOT Analysis
17.8 Illumina, Inc.
17.8.1 Company Overview
17.8.2 Role of Illumina, Inc. in the Global Hereditary Genetic Testing Market
17.8.3 Financials
17.8.4 Key Insights About Financial Health of the Company
17.8.5 SWOT Analysis
17.9 Laboratory Corporation of America Holdings
17.9.1 Company Overview
17.9.2 Role of Laboratory Corporation of America Holdings in the Global Hereditary Genetic Testing Market
17.9.3 Financials
17.9.4 SWOT Analysis
17.1 Myriad Genetics, Inc.
17.10.1 Company Overview
17.10.2 Role of Myriad Genetics, Inc. in the Global Hereditary Genetic Testing Market
17.10.3 SWOT Analysis
17.11 PerkinElmer, Inc.
17.11.1 Company Overview
17.11.2 Role of PerkinElmer Inc, in Global Hereditary Genetic Testing Market
17.11.3 Financials
17.11.4 Key Insights About Financial Health of the Company
17.11.5 SWOT Analysis
17.12 Quest Diagnostics Incorporated
17.12.1 Company Overview
17.12.2 Role of Quest Diagnostics Incorporated in the Global Hereditary Genetic Testing Market
17.12.3 Financials
17.12.4 SWOT Analysis
17.13 Thermo Fisher Scientific Inc.
17.13.1 Company Overview
17.13.2 Role of Thermo Fisher Scientific Inc. in the Global Hereditary Genetic Testing Market
17.13.3 Financials
17.13.4 Key Insights About Financial Health of the Company
17.13.5 SWOT Analysis
17.14 Emerging Companies
17.14.1 COLOR
17.14.1.1 Company Overview
17.14.2 Natera, Inc.
17.14.2.1 Company Overview
For more information about this report visit https://www.researchandmarkets.com/r/tjknjx
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