Europe Genetic Testing Market is expected to grow at a CAGR of 9.52% to reach a market value of USD 23.29 Million by 2023.
Europe Genetic Testing Market By Type, By Application (Cancer Testing, Pharmacogenomics Testing, Prenatal Testing And Predisposition Testing), And By Region– Industry Analysis, Size, Share, Growth, Trends, And Forecast (2018-2023)
(EMAILWIRE.COM, September 25, 2018 ) Overview:
In the year 2018, Europe Genetic Testing Market was valued at USD 14.78 Million. By the year 2023, it is expected to reach USD 23.29 Million at pace of 9.52% CAGR.
Genetic testing is a type of medical test that identifies changes in chromosomes, genes, or proteins. Genetic testing is also performed on tumors to diagnose cancer and plan the treatment. The different kinds of tests which are used in genetic testing are newborn screening, prenatal testing, pre-implantation testing, and carrier testing. Molecular method, chromosomal method, and biochemical method are the different methods used for genetic testing.
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Underlying Causes
The growth for Genetic Testing Market is driven due to factors like rising incidence of genetic diseases, growing awareness about genetic testing, increasing chronic diseases, and growing aging population. In addition, increasing investments for R&D activities, technological advancement in genetic sequencing, and growing demand for Personalized Medicines are expected to drive the market growth. However, high cost associated with genetic testing, lack of skilled professionals, and stringent regulatory policies are expected to hinder the growth rate for Europe Genetic Testing Market during the forecast period.
To know more read: https://www.marketdataforecast.com/market-reports/europe-genetic-testing-market-38/
Geographic Segmentation:
Based on geography the Europe Genetic Testing Market has been primarily divided into United Kingdom, France, Spain, Germany and Italy. Germany holds the largest market share in the Europe genetic testing market due to growing awareness about genetic testing, increasing investments for R&D activities, and well-developed healthcare infrastructure is the driving factors in this region.
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Key Players:
Leading companies for Europe Genetic Testing market are Abbott Laboratories, Roche Molecular Diagnostics Inc., Abbott Molecular Inc., AutoGenomics Inc., Celera Group, ELITech Group, BioRad Laboratories, PerkinElmer Inc., Roche Diagnostics Corp., Quest Diagnostics Inc., Transgenomic Inc. and Applied Biosystems Inc.
About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Information:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank Filmnagar Branch, B 44, Rd Number 3, Journalist Colony, Hyderabad, Telangana 500033.
Phone: +1-888-702-9626
In the year 2018, Europe Genetic Testing Market was valued at USD 14.78 Million. By the year 2023, it is expected to reach USD 23.29 Million at pace of 9.52% CAGR.
Genetic testing is a type of medical test that identifies changes in chromosomes, genes, or proteins. Genetic testing is also performed on tumors to diagnose cancer and plan the treatment. The different kinds of tests which are used in genetic testing are newborn screening, prenatal testing, pre-implantation testing, and carrier testing. Molecular method, chromosomal method, and biochemical method are the different methods used for genetic testing.
View sample and decide: https://www.marketdataforecast.com/market-reports/europe-genetic-testing-market-38/request-sample
Underlying Causes
The growth for Genetic Testing Market is driven due to factors like rising incidence of genetic diseases, growing awareness about genetic testing, increasing chronic diseases, and growing aging population. In addition, increasing investments for R&D activities, technological advancement in genetic sequencing, and growing demand for Personalized Medicines are expected to drive the market growth. However, high cost associated with genetic testing, lack of skilled professionals, and stringent regulatory policies are expected to hinder the growth rate for Europe Genetic Testing Market during the forecast period.
To know more read: https://www.marketdataforecast.com/market-reports/europe-genetic-testing-market-38/
Geographic Segmentation:
Based on geography the Europe Genetic Testing Market has been primarily divided into United Kingdom, France, Spain, Germany and Italy. Germany holds the largest market share in the Europe genetic testing market due to growing awareness about genetic testing, increasing investments for R&D activities, and well-developed healthcare infrastructure is the driving factors in this region.
Get your customized report: https://www.marketdataforecast.com/market-reports/europe-genetic-testing-market-38/customize-report
Key Players:
Leading companies for Europe Genetic Testing market are Abbott Laboratories, Roche Molecular Diagnostics Inc., Abbott Molecular Inc., AutoGenomics Inc., Celera Group, ELITech Group, BioRad Laboratories, PerkinElmer Inc., Roche Diagnostics Corp., Quest Diagnostics Inc., Transgenomic Inc. and Applied Biosystems Inc.
About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Information:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank Filmnagar Branch, B 44, Rd Number 3, Journalist Colony, Hyderabad, Telangana 500033.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results