Global Pharmacogenetic Testing Market, By Type (Single Gene Tests, Array-Based Tests, Whole Genome Sequencing and NGS and Whole Exome Sequencing), Sample (Blood and Saliva), Therapeutic Area (Oncology, Neurology, Cardiology, Genomics, Immunology and Hypersensitivity, and Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Mail-Order Pharmacies, and Direct-To-Customer Services), and Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
Major factors that are expected to boost the growth in the pharmacogenetic testing market in the forecast period are the rise in the aging population. Furthermore, the increase in the acceptance of the pharmacogenomics procedure by healthcare professionals and the rising alertness of the patient population towards personalized therapy is further anticipated to propel the growth of the pharmacogenetic testing market. Moreover, the rise in the incidence of chronic diseases like cancer, tuberculosis, HIV, and others is further estimated to cushion the growth of the pharmacogenetic testing market. On the other hand, the rise in the price regarding the tests and lack of funding for the research and development of different pharmacogenomics pathways is further projected to impede the growth of the pharmacogenetic testing market in the timeline period. In addition, the technological developments regarding the molecular diagnostics procedure for a better understanding of the genetic structure of the individual patients would further provide potential opportunities for the growth of the pharmacogenetic testing market in the coming years. However, the lack of skilled and highly trained healthcare professionals in performing the pharmacogenomics diagnostics test might further challenge the growth of the pharmacogenetic testing market in the near future.
Pharmacogenetic testing market is expected to witness market growth at a rate of 8.70% in the forecast period of 2021 to 2028. Data Bridge Market Research report on the pharmacogenetic testing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the levels of healthcare expenditure is escalating the growth of the pharmacogenetic testing market. A pharmacogenetic test, which is also referred to as the drug-gene test, is utilized to study and determine the interactions of drugs and the genetic make-up of the individual. It has been observed that several people react differently with drugs depending upon the expression of the genes induced by the drug. This pharmacogenetic testing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pharmacogenetic testing market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
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Pharmacogenetic Testing Market Scope and Market Size:
The pharmacogenetic testing market is segmented on the basis of type, sample, therapeutic area, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with valuable market overview and market insights to help them in making strategic decisions for the identification of core market applications.
On the basis of type, the pharmacogenetic testing market is segmented into single-gene tests, array-based tests, whole-genome sequencing, and NGS and whole-exome sequencing.
On the basis of the sample, the pharmacogenetic testing market is segmented into blood and saliva.
On the basis of therapeutic area, the pharmacogenetic testing market is segmented into oncology, neurology, cardiology, genomics, immunology and hypersensitivity, and others.
On the basis of distribution channels, the pharmacogenetic testing market is segmented into hospital pharmacies, retail pharmacies, mail-order pharmacies, direct-to-customer services.
Market Competitors:
The major players covered in the pharmacogenetic testing market report are Sonic Healthcare, Genelex, GENEWIZ, Rxight; 23andMe, Inc., PGXT, OneOme, LLC, Mako Medical Laboratories, LLC, Myriad Genetics, Inc., Bayer AG, BGI, Pacific Biosciences of California, Inc., F. Hoffmann-La Roche Ltd, QIAGEN, Luminex Corporation, Eurofins Scientific, Illumina, Inc., Thermo Fisher Scientific Inc. and PerkinElmer Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Pointers Covered in the Pharmacogenetic Testing :
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market by Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
MAJOR TOC OF THE REPORT:
Chapter One: Pharmacogenetic Testing Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Pharmacogenetic Testing Competition, by Players
Chapter Four: Pharmacogenetic Testing Size by Regions
Chapter Five: Pharmacogenetic Testing Revenue by Countries
Chapter Six: Pharmacogenetic Testing Revenue by Type
Chapter Seven: Pharmacogenetic Testing Revenue by Application
Chapter Eight: Pharmacogenetic Testing Revenue by Industries
Chapter Nine: Pharmacogenetic Testing Revenue by Deployment Model
Chapter Ten: Pharmacogenetic Testing Revenue by End User
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Pharmacogenetic Testing?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Pharmacogenetic Testing?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model?
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