LONDON–(BUSINESSWIRE)–
Biocartis, Abbott Laboratories, and Roche Diagnostics are featured on Technavio’s list of the Top 15 Genetic Testing Companies.
According to a new report from the tech-focused research firm, the global genetic testing market is growing at a CAGR of 9.65% from 2014-2019.
Genetic testing is the array of techniques and technology used to analyze DNA, RNA, and protein. In clinical applications, its primary focus is to identify the genetic cause of a disease, confirm a diagnosis, and predict susceptibility to any disease.
Major segments such as pharmacogenomics testing and predictive testing are expected to make significant contributions to the revenue of the overall market in the next few years.
Genetic Testing: Early Diagnosis and Personalized Medicine Boosting Market Growth
Early disease diagnosis helps reduce hospital stays and treatment costs by enabling treatment in the early stages of the disease. Genetic testing also lets a patient take advantage of personalized medicine, which uses molecular markers to identify disease risk before clinical symptoms appear.
“Consumers who are not benefiting from general medicine can undergo personalized treatment based on a study of their genomic sequence. Personalized medicine focuses on prevention and early treatment rather than simply reacting to the advanced stages of a disease,” says Faisal Ghaus, Vice President of Technavio.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Prenatal and Newborn Genetic Testing Market 2015-2019
About Technavio
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary and secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Contact
Technavio Research
Jes Ellacott
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UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
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