Genetic Testing Holds Tremendous Potential in Future

Rising awareness and active participation of private players is propelling the global genetic testing market, to post an amount worth around US$ 4 Billion by 2015, says RNCOS.

NOIDA, India (prHWY.com) May 18, 2012 - As per the new report released by RNCOS, "Global Genetic Testing Market Analysis", the global genetic testing market has advanced to the trajectory of fast growth from being at the nascent stage. Backed by factors, such as aging population, increasing incidences of genetic disorders, rising awareness, the genetic testing market worldwide reached to an estimated mark of US$ 1.5 Billion in 2010. With active participation of private sector and scientific communities in the commercialization of products, the market may further reach to US$ 4 Billion by 2015.

Our research has further revealed that during the past few years, genetic testing and diagnosis have improved technologically, became cost-effective, and broadened their potential use throughout the European region. The number of tests performed annually exceeds the 700,000 mark and annual growth is likely to be in the range of 100-300%. In addition, the number of participating countries in External Quality Assessment (EQA) scheme, which is a powerful quality assurance tool that can be improvised by companies to improve their skills, has also increased significantly.

Further, the report covers all the key aspects of the worldwide genetic testing market and provides a quantitative analysis of market size and key drivers. It also analyzes prudently the direct-to-consumer field of the genetic testing segment and investigates about the key companies, along with the various kinds of tests offered and delivery model. It also investigates the possible growth areas, in terms of diseases, such as Cancer, Alzheimer's, and Cystic Fibrosis.

The report is an outcome of an extensive research and in-depth analysis of the global genetic testing market, which is likely to advance at a rapid pace in future. In order to provide the projected market scenario, the report presents future forecasts for the industry. While forecasting, a due consideration has been given to the ongoing research, key vertical sector demand, and developments, which are essential in determining the prospective growth potentials of the sector. Overall, the report is meant to provide clients with an optimum outlook on the global genetic testing market.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM352.htm

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About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: genetic testing market

Categories: Health

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