Global Genetic Testing Market Witnessing Effective Growth Momentum

Noida, UP India (PressExposure) August 26, 2011 -- According to our latest report, "Global Genetic Testing Market Analysis", with the total contribution of around 15%, the global genetic testing market represents one of the leading applications of molecular diagnostics. Genetic testing is currently available to assess the risk of developing a wide range of medical conditions and consumers' preferences to opt or not opt for genetic test differs for varied diseases. Taking into consideration the total market size of around US$ 1.5 Billion in 2010, the global genetic testing market is likely to grow at a CAGR of 26% during 2012-2015 to reach US$ 4 Billion by the end of the period. Factors like increasing awareness level, proliferation in number of tests, and diseases are contributing a lot towards the growth.

We have found that regulatory compliances related to genetic tests in several countries are yet to be more sophisticated and effective in their approach. The current regulatory mechanism for genetic tests demands more improvement as countries are still debating the ethical context of these tests. However, the FDA and associations in other countries are devising strategies to draw framework for mature regulations.

The report, "Global Genetic Testing Market Analysis", provides an effective country-level analysis on the development of genetic testing market and evaluates the progress. In such a case, the report also investigates the current market trends and their impact on the market performance. Moreover, the report provides a detailed overview of the key activities in genetic testing market with respect to diseases, such as CF, Cancer, and Alzheimer's.

The report is an outcome of an extensive research and prudent analysis of the global genetic testing market that makes use of reliable statistics to validate developments. The forecast in key sections of the report is done through proper methods and base so that the outlook may seem more realistic. Overall, the report is meant to be an optimum source of knowledge for clients interested in the global genetic testing market.

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Press Release Submitted On: August 26, 2011 at 4:26 am
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