Report Detail
North America Genetic Testing Services Market to 2027 - Regional Analysis and Forecasts by Type (Predictive Testing, Carrier Testing, Prenatal Testing, New-born Screening and Others), Disease (Cancer Disease, Metabolic Diseases, Cardiovascular Diseases and Others), Service Provider (Diagnostic Laboratories, Hospital-Based Laboratories and Clinics) and Country
- RnM3926490 |
- 13 March, 2020 |
- Global |
- 172 Pages |
- The Insight Partners |
- Other
The North America genetic testing services market is expected to reach US$ 7,406.0 Mn in 2027 from US$ 3,044.4 Mn in 2019. The genetic testing services market is anticipated to grow at a growth rate of 12.1% from 2020-2027.
The factors driving the growth of genetic testing service include rising prevalence of the genetic diseases and rise in awareness & acceptance of personalized medicines. Also, growing preference towards Direct-To-Consumer (DTC) genetic testing, support of government to adopt genetic testing services is positively impacting the growth of the market in the review period. In addition, various strategic initiatives by the manufacturers, new product launch along with artificial intelligence (AI) powered genetic testing is likely to boost the growth of market.
Moreover, increasing focus on advanced method incorporation in healthcare, government and private initiatives for promotion of precision medicine and massive funds from government and private bodies for genetic research is further expected stimulate the growth and contribute to exceptional revenue generation for the genetic testing services market in North America.
The demand for genetic testing in the United States has been expected to witness growth, since the service encompasses a broad range of applications such as, cancer, autoimmune diseases and infectious diseases. In US, the products for genetic testing of pediatric as well as rare diseases has increased significantly. As per the estimates of National Institutes of Health (NIH), in the United States, there are around 25 to 30 million people suffering from rare diseases, accounting for individuals fewer than 200,000 people. Rare diseases are often the result of a genetic mutation; one estimate is that 80% of rare diseases are genetic in nature. Also, 50% of patients with rare diseases are children.
There has been a significant rise in the cases of rare diseases in US during the last decade. In 2009, there were 5,857 catalogued rare disorders, whereas 6,084 number of rare diseases were recorded in 2016, accounting a rate of approximately 30 new rare diseases per year.
Thus the increasing funds and awareness in North America are likely to boost the genetic testing services market and are anticipated to provide significant growth opportunities to the players operating in the market during the forecast period.
The above-mentioned factors are expected to offer broad growth opportunities in the industry, and this is expected to cause the demand for genetic testing services.
North America genetic testing services market is segmented by type, disease, and service provider. Based on the type, the market is segmented into predictive testing, carrier testing, prenatal testing, newborn screening and others. On the basis of disease, the market is classified as, cancer disease, metabolic diseases, cardiovascular diseases and others. Based on service provider, the market is categorized as, diagnostic laboratories, hospital-based laboratories and clinics.
Some of the major primary and secondary sources for genetic testing services market included in the report are World Health Organization (WHO), Clinical Laboratory Improvement Amendments (CLIA), National Institutes of Health (NIH), the North American Cancer Information System among others.
TABLE OF CONTENTS
1. Introduction
- 1.1 Scope Of The Study
- 1.2 The Insight Partners Research Report Guidance
2. North America Genetic Testing Services Market – Key Takeaways
3. North America Genetic Testing Services Market – Market Landscape
- 3.1 Overview
- 3.2 Market Segmentation
- 3.2.1 North America Genetic Testing Services Market – By Type
- 3.2.2 North America Genetic Testing Services Market – By Disease
- 3.2.3 North America Genetic Testing Services Market – By Service Provider
- 3.2.4 North America Genetic Testing Services Market – By Country
- 3.3 PEST Analysis
- 3.4 Expert Opinions
4. North America Genetic Testing Services Market-Key Market Dynamics
- 4.1 Key Market Drivers
- 4.1.1 Rising Prevalence of Genetic Diseases in North America
- 4.1.2 Rise in Awareness & Acceptance of Personalized Medicines
- 4.2 Key Market Restraints
- 4.3 Social and Ethical Implications of Genetic Testing
- 4.4 Key Market Opportunities
- 4.4.1 Growing Preference towards Direct-To-Consumer (DTC) Genetic Testing in North America
- 4.5 Future Trends
- 4.5.1 Artificial Intelligence (AI) Powered Genetic Testing
- 4.6 Impact Analysis Of Drivers And Restraints
5. Genetic Testing Services Market – North America Analysis
- 5.1 North America Genetic Testing Services Market Revenue Forecasts And Analysis
- 5.2 Market Positioning
- 5.3 Performance Of Key Players
- 5.3.1 Thermo Fischer Scientific Inc.,
- 5.3.2 F. Hoffmann-La Roche Ltd
- 5.3.3 Illumina, Inc.
6. North America Genetic Testing Services Market Analysis – By Type
- 6.1 Overview
- 6.2 North America Genetic Testing Services Market, By Type, 2019 & 2027 (%)
- 6.3 North America Genetic Testing Services Market Revenue And Forecasts To 2027, By Type (Us$ Mn)
- 6.4 New-born Screening Market
- 6.4.1 Overview
- 6.4.2 New-born Screening Market Revenue and Forecast to 2027 (US$ Mn)
- 6.5 Prenatal Testing Market
- 6.5.1 Overview
- 6.5.2 Prenatal Testing Market Revenue and Forecast to 2027 (US$ Mn)
- 6.6 Predictive Testing Market
- 6.6.1 Overview
- 6.6.2 Predictive Testing Market Revenue and Forecast to 2027 (US$ Mn)
- 6.7 Carrier Testing Market
- 6.7.1 Overview
- 6.7.2 Carrier Testing Market Revenue and Forecast to 2027 (US$ Mn)
- 6.8 Other Testing’s Market
- 6.8.1 Overview
- 6.8.2 Other Testing’s Market Revenue and Forecast to 2027 (US$ Mn)
7. North America Genetic Testing Services Market Analysis – By Disease
- 7.1 Overview
- 7.2 North America Genetic Testing Services Market, By Disease, 2019 & 2027 (%)
- 7.3 North America Genetic Testing Services Market Revenue And Forecasts To 2027, By Disease (Us$ Mn)
- 7.4 Cancer Market
- 7.4.1 Overview
- 7.4.2 Cancer Market Revenue and Forecast to 2027 (US$ Mn)
- 7.5 Metabolic Diseases Market
- 7.5.1 Overview
- 7.5.2 Metabolic Diseases Market Revenue and Forecast to 2027 (US$ Mn)
- 7.6 Cardiovascular Disease Market
- 7.6.1 Overview
- 7.6.2 Cardiovascular Disease Market Revenue and Forecast to 2027 (US$ Mn)
- 7.7 Other Diseases Market
- 7.7.1 Overview
- 7.7.2 Other Diseases Market Revenue and Forecast to 2027 (US$ Mn)
8. North America Genetic Testing Services Market Analysis – By Service Provider
- 8.1 Overview
- 8.2 North America Genetic Testing Services Market, By Service Provider, 2019 & 2027 (%)
- 8.3 North America Genetic Testing Services Market Revenue And Forecasts To 2027, By Disease (Us$ Mn)
- 8.4 Diagnostic Laboratories Market
- 8.4.1 Overview
- 8.4.2 Diagnostic Laboratories Market Revenue and Forecast to 2027 (US$ Mn)
- 8.5 Hospital-Based Laboratories Market
- 8.5.1 Overview
- 8.5.2 Hospital-Based Laboratories Market Revenue and Forecast to 2027 (US$ Mn)
- 8.6 Clinics Market
- 8.6.1 Overview
- 8.6.2 Clinics Market Revenue and Forecast to 2027 (US$ Mn)
9. North America Genetic Testing Services Market Revenue And Forecasts To 2027
- 9.1 Overview
- 9.2 North America Genetic Testing Services Market Revenue And Forecasts To 2027, By Country (%)
- 9.2.1 US Genetic Testing Services Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.2.2 US Genetic Testing Services Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.2.2.1 US Genetic Testing Services Market Revenue And Forecasts to 2027, By Type (US$ Mn)
- 9.2.2.2 US Genetic Testing Services Market Revenue And Forecasts to 2027, By Disease (US$ Mn)
- 9.2.2.3 US Genetic Testing Services Market, Revenue and Forecast to 2027, by Service Provider (US$ Mn)
- 9.2.3 Canada Genetic Testing Services Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.2.4 Canada Genetic Testing Services Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.2.4.1 Canada Genetic Testing Services Market Revenue And Forecasts to 2027, By Type (US$ Mn)
- 9.2.4.2 Canada Genetic Testing Services Market Revenue And Forecasts to 2027, By Disease (US$ Mn)
- 9.2.4.3 Canada Genetic Testing Services Market Revenue And Forecasts to 2027, By Service Provider (US$ Mn)
- 9.2.5 Mexico Genetic Testing Services Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.2.6 Mexico Genetic Testing Services Market Revenue and Forecasts to 2027 (US$ Mn)
- 9.2.6.1 Mexico Genetic Testing Services Market Revenue And Forecasts to 2027, By Type (US$ Mn)
- 9.2.6.2 Mexico Genetic Testing Services Market Revenue And Forecasts to 2027, By Disease (US$ Mn)
- 9.2.6.3 Mexico Genetic Testing Services Market Revenue And Forecasts to 2027, By Service Provider (US$ Mn)
10. Genetic Testing Services Market –Industry Landscape
- 10.1 Overview
- 10.2 Growth Strategies In The Genetic Testing Services Market, 2017-2020
- 10.3 Organic Developments
- 10.3.1 Overview
- 10.3.2 Organic Growth Strategies In The Genetic Testing Services Market, 2017-2020
- 10.4 Inorganic Developments
- 10.4.1 Overview
- 10.4.2 Inorganic Growth Strategies In The Genetic Testing Services Market, 2017-2020
11. Genetic Testing Services Market- Key Company Profiles
- 11.1 Laboratory Corporation of America Holdings
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 F. HOFFMANN-LA ROCHE LTD
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Illumina, Inc.
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Quest Diagnostics Incorporated
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Exact Sciences Corporation
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 NeoGenomics Laboratories, Inc.
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Eurofins Scientific
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Ambry Genetics
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Centogene AG
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
11.10andMe, Inc.
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
- 11.11 THERMO FISHER SCIENTIFIC INC.
- 11.11.1 Key Facts
- 11.11.2 Business Description
- 11.11.3 Products and Services
- 11.11.4 Financial Overview
- 11.11.5 SWOT Analysis
- 11.11.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary Of Terms
- 12.3 Methodology
- 12.3.1 Coverage
- 12.3.2 Secondary Research
- 12.3.3 Primary Research
Summary:
Get latest Market Research Reports on North America Genetic Testing Services . Industry analysis & Market Report on North America Genetic Testing Services is a syndicated market report, published as North America Genetic Testing Services Market to 2027 - Regional Analysis and Forecasts by Type (Predictive Testing, Carrier Testing, Prenatal Testing, New-born Screening and Others), Disease (Cancer Disease, Metabolic Diseases, Cardiovascular Diseases and Others), Service Provider (Diagnostic Laboratories, Hospital-Based Laboratories and Clinics) and Country. It is complete Research Study and Industry Analysis of North America Genetic Testing Services market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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