Genetic Testing Market and Forecast(2010 - 2015)

FOR IMMEDIATE RELEASE
NOIDA, U.P, India, Republic of (Free-Press-Release.com) January 4, 2012 -- Genetic Testing - Market Overview

The genetic testing market is witnessing a period of profound growth. Growing with a CAGR of 18 percent globally genetic testing market is expected to cross the figure of US$ 10 Billion by 2015. This significant growth is primarily attributed to the incidence of genetic diseases, burgeoning demand for molecular diagnostics, aging population, and subsequent increase in chronic diseases. Increasing knowledge about the potential benefits in genetic testing has been one of the prime reasons for the growth in genetic testing.

Pharmacogenomics is the most lucrative segment of genetic testing. Cancer genetic testing should post strong position in the genetic testing industry due to rising cases of cancer patients with the market share of around 23% in 2010 and it is expected that cancer genetic testing will lead the genetic testing market by 2015. The future growth in genetic testing is expected to come from prenatal and predisposition genetic testing.Genetic testing is becoming an integral and growing part of healthcare provision and services.

Advancements in genetic testing, together with genetically engineered drugs, are expected to aid in tailoring personalized medicine for specific races, individuals, and families. The genetic testing sector will grow rapidly over the next 5 to 10 years and spread beyond the small number of specialist genetic centres.

Report Details

“Genetic Testing Market and Forecast - Global Analysis 2010 – 2015” report published by Renub Research provides an in-depth analysis of the past, present and future prospects. The report has been researched at source globally and features latest available data covering:

• Global Genetic Testing Market (2005 – 2015)
• Top 5 application wise genetic testing (Cancer Genetic Testing, Prenatal Genetic Testing, Predisposition Genetic Testing, Pharmacogenomics Genetic Testing) data of Past, Present and Future Market
• United States immigration genetic testing market
• Top Corporate past, present developments
• Top Laboratory Merger & Acquisition deals from 2007 - 2009
• Driving forces for the growth of global genetic testing market
• Challenges faced by genetic testing market in the coming years

• Key Players analysis in the genetic testing market

Research Highlights

• Globally, Genetic Testing market is expected to cross the figure of US$ 10 Billion by 2015
• Cancer Genetic testing dominates the Genetic Testing market with more than 35% market share by 2015
• Cancer Genetic Testing and Pharmacogenomics testing are likely growth leaders in the genetic testing market.
• Prenatal & Predisposition genetic testing will have a combined market share of 26% by 2015

Data Sources

Information and data in this report has been collected from various printable and non-printable sources like Trade Journals, White papers, Online paid databases, News websites, Government Agencies, Magazines, Newspapers and Trade associations.

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