Rising Awareness to Drive Global Genetic Testing Market

Rising awareness and greater acceptance among people will drive the global genetic testing market, says RNCOS.

Noida, India (prHWY.com) November 2, 2012 - According to a new report by RNCOS, "Global Genetic Testing Market Forecast to 2015", the rising awareness and greater acceptance will drive the global genetic testing market to a brighter future. The genetic testing market has seen rapid evolution and greater acceptance has been observed in the market on account of the specificity that these tests offer. Molecular testing laboratories have significantly expanded their testing ranges over the past few years; thereby, creating strong demand for MDx tests. A promising area for development is the direct-to-consumer (DTC) genetic testing market. Due to negligible regulation, the number of companies offering DTC genetic tests has increased at a rapid pace in recent years.

The future growth is very promising for this industry and active participation of governments and private players is augmenting the revenue stream. The market is witnessing focus on companion diagnostics, boosted by the discovery of new biomarkers for oncology treatment. Immense scope of personalized medicine is driving the market players to come up with innovative companion diagnostic tests. Overall, the global genetic testing market may grow at a healthy CAGR of around 26% during 2012-2015.

The report, "Global Genetic Testing Market Forecast to 2015", covers almost all the key aspects of the genetic testing market and broadly investigates the current trends that may impact the current and future performance of the industry. It prudently evaluates the consumer (physicians and users) behavior patterns with respect to Genetic Testing in the US and Canada and takes into account several key issues, such as privacy, regulations, cost etc. It also provides an optimum insight into the emerging sectors namely Next-Generation Sequencing and Genomic Biomarkers.

The report is an outcome of an extensive research and in-depth analysis of the global genetic testing market that enumerates key market driving factors and challenges to be tackled in future. Forecasts in key areas of the report takes into account effective methodologies and techniques that, in turn, seek to present a realistic projection. Overall, the report is likely to provide clients with an optimum source of knowledge, statistics, and insight on the same.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM445.htm

Some of our Related Reports are:

- US Cardiac Device Market Analysis (http://www.rncos.com/Report/IM441.htm)
- US Clinical Laboratory Testing Market Assessment (http://www.rncos.com/Report/IM442.htm)
- Indian Diagnostic Services Market Outlook 2015 (http://www.rncos.com/Report/IM418.htm)
- US Nutraceuticals Market Analysis (http://www.rncos.com/Report/IM350.htm)
- China Healthcare Market Forecast to 2015 (http://www.rncos.com/Report/IM409.htm)

Check Related REPORTS on: http://www.rncos.com/Healthcare_Industry.htm

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.

###

Tag Words: genetic testing market

Categories: Biotech

Press Release Contact
B-129, Sector 6 Noida - 201301
91-120-4224-700
91-120-4224-707

Link To This Press Release:

URL HTML Code