Genetic Disease Diagnostic Market

Genetic Disease Diagnostic Market by Applications (Inherited Disorder Testing [Bloom Syndrome, Gaucher’s Disease, Tay-Sachs Disease, Fragile X-Syndrome, and Others], Pharmacogenetic Testing, Human Leukocyte Antigen Testing, Oncology Testing, and Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: HC-1050
  • Author: Growth Market Reports
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  • No. Of Pages: 125
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The global genetic disease diagnostic market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing prevalence of genetic disorders, which further leads to a wide range of independent diagnostic procedures.

Genetic diseases occur owing to one or more abnormalities in the genome of an individual. The inherited or triggered environmental factors such as virus and genes may cause a damage to chromosomes or a mutation in one or more genes. The mechanism behind genetic disorders has gained significant traction in the recent years due to the discovery of new treatment for genetic disorder and advancement in the diagnostic methods. Genetics specialists play a significant role to boost the market expansion as they offer several technology and methods that can help accurate and effective identifying of the occurrence of a genetic disorder. In the recent years, there is a substantial expansion in the uses of genetic testing, which positively impacts the genetic disease diagnostic market. The researchers are providing their focus on the development of cost-effective and high accuracy diagnostic tests.

Genetic tests are primarily carried out by collecting blood samples from patients. These samples are further run on a laboratory using several test kits to examine and detect any genetic disorders. These tests aids in diagnosis of various medical conditions, such as cancer diagnosis, cardiovascular disease diagnosis, and genetic disease diagnosis. One key aspect of the market expansion is the advancement of new technology that can detect frequent incidences of synthesis disorder of RNA and DNA & protein of patients.

Global Genetic Disease Diagnostic Market Summary

Market Drivers, Restraints, Trends, and Opportunities

  • Growing prevalence of chronic and rare diseases across the globe along with increasing awareness regarding prenatal diagnosis is boosting the market growth.
  • Rising inclination towards quality lifestyle without the burden of diseases and wide introduction of certain effective techniques such as gene therapy are projected to further fuel the market growth during the forecast period.
  • High diagnostic cost and inadequate reimbursement procedures in several countries are some major factors expected to hamper the market growth.
  • Growing inclination of consumers towards prenatal diagnostic testing and substantial advancement in the diagnostic devices that provide extreme convenience for patients are projected to fuel the market growth.
  • The outbreak of COVID-19 pandemic has adversely affected the genetic disease diagnostic market growth. The genetic counsellors are unable to see the patients in person, owing to various government restrictions to control the virus spread. Additionally, government bodies such as Center for Medicaid Services (CMS) currently do not count genetic counsellors as healthcare providers, thus they are not allowed to practice during lockdowns. These factors had negatively impacted the genetic disease diagnostic market.

Scope of the Report

The report on the global genetic disease diagnostic market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Genetic Disease Diagnostic Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Inherited Disorder Testing [Bloom Syndrome, Gaucher’s Disease, Tay-Sachs Disease, Fragile X-Syndrome, and Others], Pharmacogenetic Testing, Human Leukocyte Antigen Testing, Oncology Testing, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Abbott Inc., Celera Group, Elitech Group, PerkinElmer Inc., Quest Diagnostics, AutoGenomics, Roche Diagnostics Corp., BioRad Laboratories, Transgenomic Inc. and Applied Biosystems Inc.

 

Global Genetic Disease Diagnostic Market Segment Insights

Oncology testing segment to represent a considerable market share
On the basis of applications, the market is divided into inherited disorder testing, pharmacogenetic testing (PGx), human leukocyte antigen (HLA) testing, oncology testing, and others. The inherited disorder testing segment is further segmented into Bloom syndrome, Gaucher’s disease, Tay-Sachs disease, fragile x-syndrome, and others.

The oncology testing segment is projected to represent a considerable market share during the forecast period owing to the increasing incidences of several kind of cancer such as sarcoma & carcinoma. Cancer is a health disorder that is based on detrimental lifestyle such as lack of exercise and improper diet as well as increasing consumption of alcohol and tobacco. Additionally, growing awareness of patients regarding genetic disorders and its diagnostic techniques is projected to boost the segment growth. Furthermore, rapid advancement in technology of diagnostic techniques such as robotic radiosurgery as well as use of molecular target agents and SBRT are some of the key factors propelling the segment growth. On the other hand, the PGx segment is projected to exhibit an impressive CAGR during the forecast period owing to the factors such as growing inclination of healthcare professionals towards genetic differences in the pathways of drug metabolic.

Global Genetic Disease Diagnostic Market By Application

North America is anticipated to constitute a significant market share
In terms of regions, the market is categorized into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a significant market share during the forecast period. The presence of advanced healthcare infrastructure and availability of skilled professionals in this region are projected to boost the regional market growth. Additionally, the presence of sophisticated genetic testing equipment, better imbursement policies, and high expenditure on healthcare are the factors propelling the regional market growth.

The market in Asia Pacific, however, is expected to expand at a substantial CAGR during the forecast period. The continuously growing medical tourism industry, rise in government initiatives regarding healthcare infrastructure such as pharmacology and biotechnology, and increasing healthcare expenditure are some of the factors propelling the market growth in the region. Additionally, increasing affordability and growing awareness regarding early detection of genetic disorder are projected to boost the regional growth of the global genetic disease diagnostic market during the forecast period.

Global Genetic Disease Diagnostic Market By Region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Genetic Disease Diagnostic Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Genetic Disease Diagnostic Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Genetic Disease Diagnostic Market - Supply Chain
  4.5. Global Genetic Disease Diagnostic Market Forecast
     4.5.1. Genetic Disease Diagnostic Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Genetic Disease Diagnostic Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Genetic Disease Diagnostic Market Absolute $ Opportunity
5. Global Genetic Disease Diagnostic Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Genetic Disease Diagnostic Market Size and Volume Forecast by Applications
     5.3.1. Inherited Disorder Testing
     5.3.2. Pharmacogenetic Testing (PGx)
     5.3.3. Human Leukocyte Antigen (HLA) Testing
     5.3.4. Oncology Testing
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Genetic Disease Diagnostic Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Genetic Disease Diagnostic Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Genetic Disease Diagnostic Demand Share Forecast, 2019-2026
7. North America Genetic Disease Diagnostic Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Genetic Disease Diagnostic Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Genetic Disease Diagnostic Market Size and Volume Forecast by Applications
     7.4.1. Inherited Disorder Testing
     7.4.2. Pharmacogenetic Testing (PGx)
     7.4.3. Human Leukocyte Antigen (HLA) Testing
     7.4.4. Oncology Testing
     7.4.5. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Genetic Disease Diagnostic Demand Share Forecast, 2019-2026
8. Latin America Genetic Disease Diagnostic Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Genetic Disease Diagnostic Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Genetic Disease Diagnostic Market Size and Volume Forecast by Applications
     8.4.1. Inherited Disorder Testing
     8.4.2. Pharmacogenetic Testing (PGx)
     8.4.3. Human Leukocyte Antigen (HLA) Testing
     8.4.4. Oncology Testing
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Genetic Disease Diagnostic Demand Share Forecast, 2019-2026
9. Europe Genetic Disease Diagnostic Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Genetic Disease Diagnostic Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Genetic Disease Diagnostic Market Size and Volume Forecast by Applications
     9.4.1. Inherited Disorder Testing
     9.4.2. Pharmacogenetic Testing (PGx)
     9.4.3. Human Leukocyte Antigen (HLA) Testing
     9.4.4. Oncology Testing
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Genetic Disease Diagnostic Demand Share Forecast, 2019-2026
10. Asia Pacific Genetic Disease Diagnostic Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Genetic Disease Diagnostic Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Genetic Disease Diagnostic Market Size and Volume Forecast by Applications
     10.4.1. Inherited Disorder Testing
     10.4.2. Pharmacogenetic Testing (PGx)
     10.4.3. Human Leukocyte Antigen (HLA) Testing
     10.4.4. Oncology Testing
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Genetic Disease Diagnostic Demand Share Forecast, 2019-2026
11. Middle East & Africa Genetic Disease Diagnostic Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Genetic Disease Diagnostic Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Genetic Disease Diagnostic Market Size and Volume Forecast by Applications
     11.4.1. Inherited Disorder Testing
     11.4.2. Pharmacogenetic Testing (PGx)
     11.4.3. Human Leukocyte Antigen (HLA) Testing
     11.4.4. Oncology Testing
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Genetic Disease Diagnostic Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Genetic Disease Diagnostic Market: Market Share Analysis
  12.2. Genetic Disease Diagnostic Distributors and Customers
  12.3. Genetic Disease Diagnostic Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Abbott Inc.
     12.4.2. Celera Group
     12.4.3. Elitech Group
     12.4.4. PerkinElmer Inc.
     12.4.5. Quest Diagnostics
     12.4.6. AutoGenomics
     12.4.7. Roche Diagnostics Corp.
     12.4.8. BioRad Laboratories
     12.4.9.
Segments Covered in the Report
The global genetic disease diagnostic market has been segmented on the basis of

Applications
  • Inherited Disorder Testing
    • Bloom Syndrome
    • Gaucher’s Disease
    • Tay-Sachs Disease
    • Fragile X-Syndrome
    • Others
  • Pharmacogenetic Testing (PGx)
  • Human Leukocyte Antigen (HLA) Testing
  • Oncology Testing
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Abbott Inc.
  • Celera Group
  • Elitech Group
  • PerkinElmer Inc.
  • Quest Diagnostics
  • AutoGenomics
  • Roche Diagnostics Corp.
  • BioRad Laboratories
  • Transgenomic Inc.
  • Applied Biosystems Inc.

Some of the key players in the global genetic disease diagnostic market are include Abbott Inc., Celera Group, Elitech Group, PerkinElmer Inc., Quest Diagnostics, AutoGenomics, Roche Diagnostics Corp., BioRad Laboratories, Transgenomic Inc. and Applied Biosystems Inc.

These key players are constantly making efforts to expand research & development investments considerably for the development of novel diagnostic products. Additionally, companies are adopting several business strategies such as collaboration, partnership, product launch, and acquisition to gain maximum share in the global genetic disease diagnostic market.

Global Genetic Disease Diagnostic Market By Key Players

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