Global Genetic Testing Services Market by Test Type (Prenatal Testing, Newborn Screening, Predictive and Presymptomatic Testing), Application, Service Provider, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

  • Publish Date: Jan, 2019
  • Report ID: 362223
  • Category: Healthcare
  • Pages: 0
$4,700

Global genetic testing services market is expected to reach USD 34,500.13 Million in 2017 to USD 67,100.07 Million by 2025 at a CAGR of 8.72% from 2018 to 2025. Rising incidences of genetic disorders are driving the demand of applications of the gene testing in oncological research. Technological advancements are accelerating the demand of personalized medicines. These are major drivers augmenting the growth of the genetic testing industry.

Market Overview:

Genetic testing is used in the analysis of the changes in chromosomes, proteins, or genes caused by any suspected genetic condition or disease. It is also used in the diagnosis of cancer and plan the treatment. Several genetic tests are used such as new-born screening, prenatal testing, pre-implantation testing, carrier testing, etc. Numerous methods such as chromosomal method, molecular method and biochemical method are used for genetic testing. It is performed for the identification of risk factors, to screen the new-borns, and also in forensics. According to the report by WHO, sickle cell anaemia is one of the most common genetic disorders among people whose ancestors come from Sub-Saharan Africa, South America, Cuba, Central America, Saudi Arabia, India, and Mediterranean countries. Genetic tests in combination with other genomic technologies predict risk of an individual to a disease and also increase the opportunities for players in pharmaceutical industry to grow. For instance, 23andMe provides genetic makeup tests to the consumers. Company also recommends genetic counsellors based on results to help the consumers about the better testing of genes, and the inherited diseases.

Report Description:

  • The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The genetic testing services market is analysed on the basis of value (USD Million).
  • The study delivers a comprehensive analysis of global genetic testing services market by test type, application, service provider, and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global genetic testing services market. This report incorporates the industry analysis which is focused on providing an extensive view of the genetic testing services market.
  • The study also includes attractiveness analysis of test type, application, service provider, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the genetic testing services market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

 

Market Dynamics:

Drivers:

  • Rising prevalence of genetic diseases and awareness among population
  • Growing adoption of genetic testing services
  • Demand  of genetic testing in developed countries
  • Growing demand for personalized medicine
  • Growing government initiatives and increased R&D activities in the genetic testing market

 

Restraints:

  • Lack of experienced professionals and advanced infrastructure
  • Risk of false interpretations associated with inexperienced professionals

Opportunities:

  • Development of innovative tests and value-added services by service providers

Challenges:

  • High cost of procedure
  • Lack of skilled professional in emerging countries

Global Genetic Testing Services Market Key Findings:

All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.

Segmentation Analysis:

The genetic testing services market is segmented on the basis of product, type, disease, application and end users.

  • The test type segment is classified into prenatal testing, newborn screening, predictive and presymptomatic testing, pharmacogenomic testing. The predictive & presymptomatic testing segment is dominating the genetic testing services market with 39.30% in 2017. Increase in awareness about diseases such as cancer and early detection of diseases are major factors driving the growth of the segment.
  • Application segment includes oncology, infectious diseases and autoimmune diseases. The oncology segment is anticipated to dominate the market and was valued around USD 14,490.37 million in 2017. Rising prevalence of oncology cases and rising awareness about the early diagnosis of the diseases around the world is driving the demand of the segment. For instance, According to, The Institute for Health Metrics and Evaluation (IHME), around 8.9 million cancer deaths were recorded in 2016 caused by inheriting genetic mutation.
  • Service provider segment is divided into segments such as hospital-based laboratories, diagnostic laboratories and specialty clinics. The hospital-based laboratories segment dominating the segment and is expected to register the highest CAGR of 10.07% in the forecast period. Increasing number of hospitals, better infrastructure and user convenience and are a few factors projected to propel the growth of the market. 

 

Regional Segmentation Analysis:

The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the global genetic testing services market with the largest share and was valued around USD 15,180 million in 2017 where as Asia Pacific region is the fastest growing region in the market.

  • North America region is dominating the market due to developed infrastructure, increase in health care investments and presence of large number of academic and research institutes are key factors leading to the growth of the market.
  • Asia Pacific is anticipated to register highest growth in the forecast period. Increase in the prevalence of infectious disease, increasing awareness about the advantages of predictive testing, and rise in the adoption of advanced technology for clinical applications are some of the major factors offering growth opportunities to the genetic testing services market.

Global Genetic Testing Services Market Competitive Analysis:

Key players in the genetic testing services market are Laboratory Corporation of America Holdings, Genomic Health, Inc., NeoGenomics Laboratories, Inc., Quest Diagnostics, Eurofins Scientific, Ambry Genetics, Hoffmann-La Roche Ltd, Illumina, Inc.,  CENTOGENE AG, 23andMe, Sequenom, GeneDx, Abbott, Cepheid Inc., ELITech Group, Verinata Health, Inc and others. Top players of the market are making efforts in R&D to increase their footprint in the market. For instance, in 2017, Admera Health Partners collaborated with Helix and launched Genetic tests to assess the risk of inherited high cholesterol, sudden cardiac death, and inherited diabetes. Furthermore, in 2017 Myriad Launched riskScore to enhance the hereditary cancer test myRisk. riskScore. It helps in determining the risk of women to get breast cancer by analyzing their genome.

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Scope

Key Points

Information

Evaluate Market Potential

Growth Rates (CAGR %)

Value (USD Million) {Market Size}

USP of Report

Industry and Technology Trends

Market Evolution

Value Chain Analysis

Company Share Analysis

Competitive & Vendor landscape

SWOT Analysis of Each Company

Profit Margin Analysis

Analysis of More than 30 Countries for Each Segment

Base Year

2017

Historical Years

2015-2017

Forecast Period

2018-2025

Regional Analysis

North America, Europe, Asia Pacific, South America, and Middle East and Africa

Countries Analysis

U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa

 

This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global genetic testing services market on the basis of below mentioned segments:

 

Global Genetic Testing Services Market, By Test Type:

  • Prenatal Testing
  • Newborn Screening
  • Predictive and Presymptomatic Testing
  • Pharmacogenomic Testing

Global Genetic Testing Services Market, By Application:

  • Oncology
  • Infectious Diseases
  • Autoimmune Diseases

Global Genetic Testing Services Market, By Service Provider:

  • Hospital-based Laboratories
  • Diagnostic Laboratories
  • Specialty Clinics

Global Genetic Testing Services Market, By Regions:

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Sweden
  • Netherlands
  • U.K.
  • Italy
  • Spain
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Philippines
  • Rest of Asia-Pacific
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Nigeria
  • South Africa
  • Rest of  Middle East and Africa
  1. Introduction
    1. Objectives of the Study
    2. Market Definition
    3. Research Scope
    4. Currency
  2. Research Methodology and Assumptions
  3. Executive Summary
  4. Premium Insights
    1. Porter’s Five Forces Analysis
    2. Value Chain Analysis
    3. Top Investment Pockets
      1. Market attractiveness analysis by test type
      2. Market attractiveness analysis by application
      3. Market attractiveness analysis by service provider
      4. Market attractiveness analysis by region
    4. Industry Trends
  5. Market Dynamics
    1. Market Evaluation
    2. Drivers
      1. Rising Prevalence of Genetic Diseases and Awareness among Population
      2. Growing Adoption of Genetic Testing Services
      3. Growing Government Initiatives and Increased R&D Activities in the Genetic Testing Market
      4. Growing Demand for Personalized Medicine
    3. Restraints
      1. Lack of Experienced Professionals and Advanced Infrastructure
      2. Risk of False Interpretations Associated with Inexperienced Professionals
    4. Opportunities
      1. Development of Innovative Tests and Value-Added Services by Service Providers
      2. Demand of Genetic Tests from Emerging Markets
    5. Challenges
      1. High Cost of Procedure
      2. Lack of Skilled Professional in Emerging Countries
  6. Global Genetic Testing Services  Market Analysis and Forecast, By Test Type
    1. Segment Overview
    2. Prenatal Testing
    3. Newborn Screening
    4. Predictive and Presymptomatic Testing
    5. Pharmacogenomic Testing
  7. Global Genetic Testing Services  Market Analysis and Forecast, By Application
    1. Segment Overview
    2. Oncology
    3. Infectious Diseases
    4. Autoimmune Diseases
  8. Global Genetic Testing Services  Market Analysis and Forecast, By Service Provider
    1. Segment Overview
    2. Hospital-based Laboratories
    3. Diagnostic Laboratories
    4. Specialty Clinics
  9. Global Genetic Testing Services Market Analysis and Forecast, By Regional Analysis
    1. Segment Overview
    2. North America
      1. U.S.
      2. Canada
      3. Mexico
    3. Europe
      1. Germany
      2. France
      3. Sweden
      4. Netherlands
      5. U.K.
      6. Italy
      7. Spain
      8. Turkey
      9. Switzerland
      10. Belgium
      11. Rest of Europe
    4. Asia-Pacific
      1. Japan
      2. China
      3. India
      4. South Korea
      5. Australia
      6. Singapore
      7. Malaysia
      8. Thailand
      9. Indonesia
      10. Philippines
      11. Rest of Asia-Pacific
    5. South America
      1. Brazil
      2. Argentina
      3. Colombia
      4. Rest of South America
    6. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Egypt
      4. Nigeria
      5. South Africa
      6. Rest of  Middle East and Africa
  10. Global Genetic Testing Services Market-Competitive Landscape
    1. Overview
    2. Market Share of Key Players in the Genetic Testing Services  Market
      1. Global Company Market Share
      2. North America Company Market Share
      3. Europe Company Market Share
      4. APAC Company Market Share
    3. Competitive Situations and Trends
      1. Product Launches and Developments
      2. Partnerships, Collaborations, and Agreements
      3. Mergers & Acquisitions
      4. Expansions
  11. Company Profiles
    1. NeoGenomics Laboratories, Inc.
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    2. Laboratory Corporation of America Holdings, Genomic Health, Inc.
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    3. Quest Diagnostics
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    4. Eurofins Scientific
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    5. Ambry Genetics
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    6. Hoffmann-La Roche Ltd.
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    7. Illumina, Inc.
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    8. CENTOGENE AG
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    9. 23andMe
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    10. Sequenom
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    11. GeneDx
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    12. Abbott
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    13. Cepheid Inc.
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    14. ELITech Group
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis
    15. Verinata Health, Inc.
      1. Business Overview
      2. Company Snapshot
      3. Company Market Share Analysis
      4. Company Product Portfolio
      5. Recent Developments
      6. SWOT Analysis

 

List of Table

  1. Global Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  2. Global Prenatal Testing Genetic Testing Services  Market, By Region, 2015–2025 (USD Million)
  3. Global Newborn Screening Genetic Testing Services  Market, By Region, 2015–2025 (USD Million)
  4. Global Predictive and Presymptomatic Genetic Testing Services  Market, By Region, 2015–2025 (USD Million)
  5.  Global Pharmacogenomic Genetic Testing Services  Market, By Region, 2015–2025 (USD Million)
  6. Global Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  7. Global Oncology Genetic Testing Services  Market, BY Region, 2015–2025 (USD Million)
  8. Global Infectious Diseases Genetic Testing Services  Market, By Region, 2015–2025 (USD Million)
  9. Global Autoimmune Diseases Genetic Testing Services  Market, By Region, 2015–2025 (USD Million)
  10. Global Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  11. Global Hospital-based Laboratories Genetic Testing Services  Market, By Region, 2015–2025 (USD Million)
  12. Global Diagnostic Laboratories Genetic Testing Services  Market, By Region, 2015–2025 (USD Million)
  13. Global Specialty Clinics Genetic Testing Services  Market, By Region, 2015–2025 (USD Million)
  14. Global Genetic Testing Services  Market, By Region, 2015–2025 (USD Million)
  15. North America Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  16. North America Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  17. North America Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  18. U.S. Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  19. U.S. Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  20. U.S. Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  21. Canada Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  22. Canada Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  23. Canada Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  24. Mexico Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  25. Mexico Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  26. Mexico Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  27. Europe Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  28. Europe Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  29. Europe Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  30. Germany Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  31. Germany Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  32. Germany Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  33. France Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  34. France Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  35. France Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  36. Sweden Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  37. Sweden Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  38. Sweden Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  39. Netherlands Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  40. Netherlands Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  41. Netherlands Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  42. U.K. Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  43. U.K. Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  44. U.K. Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  45. Italy Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  46. Italy Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  47. Italy Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  48. Spain Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  49. Spain Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  50. Spain Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  51. Turkey Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  52. Turkey Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  53. Turkey Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  54. Switzerland Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  55. Switzerland Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  56. Switzerland Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  57. Belgium Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  58. Belgium Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  59. Belgium Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  60. Asia Pacific Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  61. Asia Pacific Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  62. Asia Pacific Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  63. Japan Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  64. Japan Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  65. Japan Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  66. China Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  67. China Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  68. China Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  69. India Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  70. India Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  71. India Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  72. South Korea Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  73. South Korea Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  74. South Korea Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  75. Australia Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  76. Australia Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  77. Australia Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  78. Singapore Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  79. Singapore Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  80. Singapore Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  81. Malaysia Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  82. Malaysia Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  83. Malaysia Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  84. Thailand Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  85. Thailand Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  86. Thailand Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  87. Indonesia Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  88. Indonesia Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  89. Indonesia Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  90. Philippines Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  91. Philippines Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  92. Philippines Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  93. South America Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  94. South America Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  95. South America Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  96. Brazil Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  97. Brazil Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  98. Brazil Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  99. Argentina Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  100. Argentina Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  101. Argentina Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  102. Colombia Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  103. Colombia Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  104. Colombia Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  105. Middle East and Africa Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  106. Middle East and Africa Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  107. Middle East and Africa Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  108. Saudi Arabia Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  109. Saudi Arabia Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  110. Saudi Arabia Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  111. UAE Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  112. UAE Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  113. UAE Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  114. Egypt Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  115. Egypt Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  116. Egypt Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  117. Nigeria Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  118. Nigeria Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  119. Nigeria Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)
  120. South Africa Genetic Testing Services  Market, By Test Type, 2015–2025 (USD Million)
  121. South Africa Genetic Testing Services  Market, By Application, 2015–2025 (USD Million)
  122. South Africa Genetic Testing Services  Market, By Service Provider, 2015–2025 (USD Million)

 

List of Figures 

  1. Global Genetic Testing Services  Market Segmentation
  2. Genetic Testing Services  Market: Research Methodology
  3. Market Size Estimation Methodology: Bottom-Up Approach
  4. Market Size Estimation Methodology: Top-Down Approach
  5. Data Triangulation
  6. Porter’s Five Forces Analysis
  7. Value Chain Analysis
  8. Global Genetic Testing Services  Market attractiveness analysis by Test Type
  9. Global Genetic Testing Services  Market attractiveness analysis by Application
  10. Global Genetic Testing Services  Market attractiveness analysis by Service Provider
  11. Global Genetic Testing Services  Market attractiveness analysis by Region
  12. Global Genetic Testing Services  Market: Dynamics
  13. Global Genetic Testing Services  Market Share by Test Types (2017 & 2025)
  14. Global Genetic Testing Services  Market Share by Application (2017 & 2025)
  15. Global Genetic Testing Services  Market Share by Service Provider (2017 & 2025)
  16. Global Genetic Testing Services  Market Share by Regions (2017 & 2025)
  17. Global Genetic Testing Services  Market Share by Company (2018)

 


1

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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