U.S. Genetic Testing Market – Recent Study Including Growth Factors, Applications, Regional Analysis and Key Players Forecast to 2020-2027

The “U.S. Genetic Testing Market Size” industry report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the The U.S. Genetic Testing Market by region.

The U.S. genetic testing market size was USD 4.11 billion in 2019. The impact of COVID-19 has been unprecedented and staggering, with genetic testing witnessing a negative impact on demand amid the pandemic. Based on our analysis, the market exhibited a lower growth of 6.7% in 2020 as compared to the average year-on-year growth during 2016-2019. The market is projected to grow from USD 4.38 billion in 2020 to USD 10.29 billion in 2027 at a CAGR of 13.0% during the 2020-2027 period. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

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What Information does this report contain?

• Expert analysis: Industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.

• 6-7 year performance forecasts: Major segments covering applications, top products and geographies.

• Competitive landscape reporting: U.S. Genetic Testing Marketleaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Cumulative Impact of COVID-19:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Available Customizations

With the given market data, Fortune Business Insights offers customizations as per the company’s specific requirements. The following customization options are available for the report:

Product Analysis

• Product matrix provides detailed product information and comparison

Geographic Analysis

• Further breakdown of the North American U.S. Genetic Testing Market
• Further breakdown of the European market
• Further breakdown of the APAC market
• Further breakdown of the MEA market
• Further breakdown of the Latin American market

Company Information

• Detailed analysis and profiling of additional market players

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Who are the Major U.S. Genetic Testing Market Vendors?

• 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)

Driving Factor:

One of the critical drivers for the U.S. genetic testing market growth is the strong demand for early and preventive care. The growing economic burden for the treatment of diseases is leading to a stronger focus of healthcare providers and governing bodies towards the early diagnosis and screening for health risks.

Secondary Research:

This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global portable generator market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research:

Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.

Estimation of Market Size

The total size of the U.S. Genetic Testing Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:

Extensive secondary research was used to identify the industry’s key players.

The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.

All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.

Frequently Asked Questions?

• What is the U.S. Genetic Testing Market size?

• What is the CAGR for U.S. Genetic Testing Market Size industry?

• What are the segments covered in the U.S. Genetic Testing Market report?

• Who are the key players in the U.S. Genetic Testing Market?

• Which region is more attractive for vendors in the U.S. Genetic Testing Market?

• What are the key markets for higher education?

• What are the key factors driving the growth of U.S. Genetic Testing Market Size industry?

• Which segment has the largest share in the U.S. Genetic Testing Market?

Moreover, Introduction

1.1. Moreover, Research Scope

1.2. Moreover, Market Segmentation

1.3. Moreover, Research Methodology

1.4. Moreover, Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

3.1. Moreover, Market Drivers

3.2. Moreover, Market Restraints

3.3. Moreover, Market Opportunities

4. Moreover, Key Insights

4.1. Key Industry Developments – Moreover, Merger, Acquisitions, and Partnerships

4.2. Porter’s Five Forces Moreover, Analysis

4.3. Moreover, SWOT Analysis

4.4. Moreover, Technological Developments

4.5. Moreover, Value Chain Analysis

4.6. Moreover, Impact of COVID-19 on Market

5. Key Findings / Moreover, Summary

5.1 North America Sales, Revenue and Market Share by Country

5.1.1 North America Sales and U.S. Genetic Testing Market Share by Country

5.1.2 North America Revenue and Market Share by Country

5.2 United States Sales and Growth Rate

5.3 Canada Sales and Growth Rate

5.4 Mexico Sales and Growth Rate

6 South America by Country

6.1 South America Sales, Revenue and U.S. Genetic Testing Market Share by Country

6.1.1 South America Sales and Market Share by Country

6.1.2 South America Revenue and Market Share by Country

6.2 Brazil Sales and Growth Rate

6.3 Argentina Sales and Growth Rate

6.4 Colombia Sales and Growth Rate

7 Middle East and Africa by Countries

7.1 Moreover, Middle East and Africa Sales, Revenue and Market Share by Country

7.1.1 Middle East and Africa Sales and Market Share by Country

7.1.2 Moreover, Middle East and Africa Revenue and Market Share by Country

7.2 Saudi Arabia Sales and Growth Rate

7.3 Moreover, Turkey Sales and Growth Rate

7.4 Egypt Sales and Growth Rate

7.5 Moreover, Nigeria Sales and Growth Rate

8 U.S. Genetic Testing Market in Developing Countries

 Continued…

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