US Genetic Testing Market Size 2021: Globe Industry Analysis by Trends and Forecast 2027

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Avatar for Neha420
3 years ago

US Genetic Testing Market Size| 2021 Covid-19 Impact On Automotive Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2026 is latest study published by Fortune Business Insights. The US Genetic Testing Market size is expected to gain momentum by reaching USD 10.29 billion by 2027 while exhibiting an impressive CAGR of 13.0% between 2020 and 2027

This information is published by Fortune Business Insights in its latest report, titled, “U.S. Genetic Testing Industry, 2020-2027.” The report further mentions that the market stood at USD 4.11 billion in 2019. Factors such as increasing prevalence of chronic disorders and the increasing awareness regarding the efficacy of genetic testing in the U.S. will contribute to the growth of the market during the forecast period.

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List of the Companies Profiled in the Market:

  • Invitae Corporation (San Francisco, U.S.)

  • Ambry Genetics (Aliso Viejo, U.S.)

  • BioReference Laboratories, Inc. (Elmwood Park, U.S.)

  • Progenity, Inc. (San Diego, U.S.)

  • Quest Diagnostics Incorporated (Secaucus, U.S.)

  • Myriad Genetics, Inc. (Salt Lake City, U.S.)

  • Fulgent Genetics (Temple City, U.S.)

  • Burning Rock Biotech Limited (Guangzhou, China)

Global US Genetic Testing Market Highlights:

The US Genetic Testing Market report offers an in-depth analysis of the U.S. Genetic Testing industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, US Genetic Testing Market concentration, and maturity analysis is elaborated in this report.

Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.

Partnership between Major Companies to Amplify Their Market Positions

The market is fragmented by the presence of major companies such as Myriad Genetics and Quest Diagnostics trying to maintain a stronghold by partnering other companies to expand their product portfolio. Moreover, the other companies such as Ambry Genetics, Invitae Corporation, and BioReference Laboratories are adopting strategies such as merger and acquisition to maintain their presence and gain a competitive edge over their rivals in the forthcoming years.

Click here to get the short-term and long-term impact of COVID-19 on this Market.
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Some major points from Table of Content:

  • Introduction

    • Research Scope

    • Market Segmentation

    • Research Methodology

    • Definitions and Assumptions

  • Executive Summary

  • Market Dynamics

    • Market Drivers

    • Market Restraints

    • Market Opportunities

  • Key Insights

    • Regulatory Overview

    • Overview: Funding Raised by Genetic Testing focused Start-up Companies

    • Key Industry Developments - Mergers, Acquisitions, and Partnership

    • Porter’s Five Forces Analysis

    • SWOT Analysis

    • Impact of COVID-19 Pandemic on the US Genetic Testing Market

    • Analysis of Transactions in the Molecular Diagnostic Clinical Laboratory Market

    • Overview: Personalized Medicine Market Size (USD billion), U.S., 2019

    • Reimbursement Scenario

  • U.S. Genetic Testing Industry Analysis, Insights and Forecast, 2016-2027

    • Key Findings / Summary

    • Market Analysis, Insights and Forecast – By Technique

      • PCR

      • DNA Sequencing

      • Microarrays

      • Others

    • Market Analysis, Insights and Forecast – By Application

      • Cardiology

      • Oncology

      • Pharmacogenomics

      • Cognitive Dysfunction

      • Pathogenomics

      • Others

    • Market Analysis, Insights and Forecast – By Payer

      • Public Health Insurance

      • Private Health Insurance

      • Out-of-Pocket

    • Market Analysis, Insights and Forecast – By End User

      • Hospitals

      • Independent Laboratories

  • Competitive Analysis

  • U.S. Market Share Analysis (2019)

  • Company Profiles (Overview, Products & Services, SWOT Analysis, Recent Developments, Strategies, Financials (Based On Availability))

  • Invitae Corporation

  • Ambry Genetics

  • BioReference Laboratories, Inc.

  • Progenity, Inc.

  • PathemaGX

  • Quest Diagnostics Incorporated

  • Myriad Genetics, Inc.

  • Fulgent Genetics

  • Burning Rock Biotech Limited

Continued...

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