The Predictive Genetic Testing Market is slated to grow unstoppably in the years to come. The healthcare providers are, of late, making way for more specialized and timely treatment through same-day surgeries, outpatient surgeries, and likewise. ASCs (Ambulatory Surgical Centers) are preferred over conventional hospital settings. As such, cost-effective medical services could be provided. This type of customization is expected to take the healthcare vertical by storm in the future.
Predictive genetic testing is used to detect genetic diseases such as Huntington’s diseases, cancer, and neurodegenerative diseases. Predictive genetic testing identifies specific gene alteration, DNA analysis and genetic material. Growing number of tests to help to treat and manage individual health conditions Is anticipated drive the market for predictive genetic testing over the study period.
Numerous methods are practiced nowadays used for predictive genetic testing, the selection of test is purely dependent on the type of irregularity. Prenatal and genomic testing are the main type of technology used to detect anomalies in the DNA sequence, protein structure and chromosome structure.
A sharp trend in utilization of predictive genetic testing for diagnosis and treatment of rare disease and genetic anomaly has been observed, driving the growth of the predictive genetic testing market.
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The screening of cancer and genetic abnormalities involves the use of fluorescence in situ hybridization, Comparative genomic hybridization and Karyotyping indirectly propelling the demand of the predictive genetic market
The emerging demand for predictive genetic testing is largely arising from the increased awareness of the people towards cardiac care. The major factor driving the growth of predictive genetic testing market is increasing prevalence of cancer and genetic disorders coupled with growing awareness about personalized medicine.
The continuously growing adoption pf genetic testing and advancement in genetic testing technique is driving the demand for predictive genetic testing market. Moreover, the growing adoption of diagnostic test based on the genetic makeup of the cell, and detailed diagnosis also increases the probabilities for adopting Predictive genetic testing techniques consequently increasing demand for Predictive genetic testing.
The rapidly developing medical care technologies and inventions are the key factor in early detection of genetic disorders. However, stringent regulatory guidelines for instrument used in Predictive genetic testing coupled with limited awareness about genetic testing is estimated to restrain growth of the Predictive genetic testing market.
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Market Segmentation
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Some of the major key players competing in the global Predictive genetic testing Market are Myriad Genetics, Inc., Abbott Laboratories, Illumina, Inc., Genesis GeneticsThermo Fisher Scientific, Inc., Bio-Rad Laboratories Inc., , Agilent Technologies, F. Hoffmann-La Roche Ltd., Counsyl, Inc., ARUP Laboratories. BGI among others.
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