An Intense Anticipation to Genetic Testing Market in Healthcare - Europe
According to the report Genetic Testing Market", published by Market Data Forecast, the Europe market is projected to reach $17.731 Million by 2021, at a CAGR of 9.52% from 2016 to 2021
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Genetic testing is the analysis of genes, chromosomes, or proteins to predict the risk of diseases, diagnose diseases, identify carriers (individuals who do not have the disease but have a copy of the disease gene) of disease, or determine the likely course of a disease.
The Europe genetic testing market is categorized based on application into Prenatal testing, Pharmacogenomics testing, Predisposition testing and Cancer Testing. Genetic testing is also applied in non-clinical applications such as forensics and paternity testing. Cancer genetic testing is predicted to show high growth, and would dominate the genetic testing market in the near future. The market for screening the newborns, diagnosing rare and fatal disorders, and estimating the probability of occurrence of diseases is likely to expand. Especially, genetic tests to screen the newborns are expected to expand vastly over the coming years.
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With growing incidence of genetic diseases will open new opportunities for genetic testing and its related applications. The transformation of genetic testing from being a service-driven market to a product-driven market is anticipated to provide a push to the diagnostic companies for the expansion of their operations.
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The Genetic Testing Market is segmented as following:
Based on Type
Based on Application
The major companies in the Europe genetic testing market include, Abbott Laboratories, Roche Molecular Diagnostics Inc., Abbott Molecular Inc., Celera Group, PerkinElmer Inc., Roche Diagnostics Corp., Quest Diagnostics Inc., Applied Biosystems Inc., AutoGenomics Inc., ELITech Group, Transgenomic Inc. and BioRad Laboratories,
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The Genetic Testing Market study offers the following deliverables:
Europe, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the Europe market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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