Genetic Testing Services Market Size, Top Players, and Forecast by 2030
Genetic Testing Services Market: Size and Share
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CAGR (2023 - 2031)15.8% -
Market Size 2023
US$ 3.86 Billion -
Market Size 2031
US$ 12.48 Billion
Market Dynamics
- Rising Prevalence of Genetic Diseases
- Increasing Awareness And Acceptance Of Personalized Medicine
- Untapped Emerging Markets in Developing Countries
Market Segmentation
Type - Predictive Testing
- Carrier Testing
- Prenatal Testing
- Newborn Screening
- Diagnostic Genetic Testing
Disease - Cancer
- Cardiovascular Diseases
- Metabolic Diseases
- Other Diseases
Service Provider - Hospital-Based Laboratories
- Diagnostic Laboratories
Genetic Testing Services Market Players Density: Understanding Its Impact on Business Dynamics
The Genetic Testing Services Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Genetic Testing Services Market are:
- Laboratory Corporation of America Holdings
- F. Hoffmann-La Roche Ltd
- Illumina, Inc.
- Quest Diagnostics Inc.
- Exact Sciences Corp
- NeoGenomics Inc.
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Genetic Testing Services Market top key players overview
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