A latest report from Absolute Markets Insights covers insights into the global Predictive Genetic Testing and Consumer Genomics market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Predictive Genetic Testing and Consumer Genomics market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Predictive Genetic Testing and Consumer Genomics report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Predictive Genetic Testing and Consumer Genomics report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Predictive Genetic Testing and Consumer Genomics market include: 23andMe, Abbott, Agilent Technologies, Avellino.com, BGI, Color Health, F. Hoffmann-La Roche, Gene by Gene, Illumina, Labcorp, Mapmygenome, Myriad Genetics, Quest Diagnostics, Thermo Fisher Scientific, Other Market Participants
In terms of revenue, the predictive genetic testing and consumer genomics market was valued at US$ 5,090.4 Mn in 2021 and is expected to reach US$ 16,644.7 Mn by 2030 growing at a CAGR of 14.0% over the forecast period (2022 – 2030).
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Predictive Genetic Testing and Consumer Genomics Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Predictive Genetic Testing and Consumer Genomics Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Predictive Genetic Testing and Consumer Genomics Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Predictive Genetic Testing and Consumer Genomics Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Predictive Genetic Testing and Consumer Genomics Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Predictive Genetic Testing and Consumer Genomics market?
Predictive genetic testing is the use of a genetic test in an asymptomatic person to predict future illness risk. These tests are part of a new and rapidly expanding class of medical tests that are fundamentally different from traditional medical diagnostic examinations. Genetic testing provides details information about a person’s genetic history. Newborn screening, carrier testing, prenatal testing, preimplantation testing, predictive and presymptomatic testing, forensic testing, and additional types of genetic testing are among them. Gene mutations associated with illnesses that occur after birth, frequently later in life, are detected using predictive and presymptomatic testing methods. These tests can be useful for persons who have a family relative who has a genetic illness but doesn’t exhibit any symptoms of the disorder at the time of testing.
Predictive testing can detect mutations that raise a person’s chance of acquiring genetic illnesses, such as cancer. The predictive genetic testing and consumer genomics market is driven by the increasing prevalence of cardiovascular disease such as diabetes, and genetic disorders around the globe aids the market growth. For instance, according to the International Diabetes Federation Organizations, diabetes affected about 537 million people (20-79 years) in 2021. By 2030, the overall number of diabetics is projected to reach 643 million, and by 2045, it will reach 783 million. Furthermore, growing awareness of the benefits of predictive genetic testing, as well as the development of Next-generation Platform Sequencing (NGS), will drive market expansion in the future. However, the market will be limited by the rising expense of genomic research equipment, as well as the difficulties of predicting genetic testing and consumer/wellness genomics.
The coronavirus disease 2019 pandemic, caused by the SARS-CoV-2 coronavirus, has resulted in a worldwide and local health disaster. Various government bodies imposed harsh lockdowns in try to stop the spread of the disease. COVID-19 clinical investigations have shown clinical risk factors for severe diseases such as age, gender, obesity, and comorbidities. Individual responses to viruses, particularly SARS-CoV-2, may be influenced by gene polymorphism. The candidate gene technique is an important method for discovering genetic risk factors for complicated illnesses such as severe COVID-19. Furthermore, the enhanced promise of innovation in testing equipment and treatment will provide new opportunities for the predictive genetic testing and consumer genomics market in the healthcare sector to expand in the near future.
Global Predictive Genetic Testing and Consumer Genomics Market Segmentation:
Global Predictive Genetic Testing And Consumer Genomics Market By Type (Predictive Testing (Presymptomatic Testing, Predispositional Testing), Consumer Genomics), By Application (Cardiovascular Diseases, Pregnancy Care, Breast And Ovarian Cancer, Prostate Cancer, Colon Cancer, Neurogenetics, Ocular Diseases, Diabetic Screening And Monitoring, Hereditary Cancer, Others), By Setting Type (Direct To Consumer (DTC), Clinics, Hospitals, Others), By Region (North America (U.S., Canada, Mexico, Rest Of North America), Europe (France, The UK, Spain, Germany, Italy, Denmark, Finland, Iceland, Sweden, Norway, Belgium, The Netherlands, Luxembourg, Rest Of Europe), Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia, Rest Of Asia Pacific, Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa) Latin America (Brazil, Argentina, Rest Of Latin America)) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030
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