Global Genetic Testing Market To Grow Strongly

Despite being at a nascent stage, the global genetic testing market has been advancing rapidly for the past few years

. According to a new research report by RNCOS, the market, after reaching an estimated mark of US$ 1.5 Billion in 2010, is presently moving ahead on a strong growth trajectory. Backed by factors, such as aging population, increasing incidences of genetic disorders and rising awareness, the market is anticipated to reach US$ 4 Billion by 2015. This growth is also likely to boost the revenue patterns associated with segments, such as next-generation sequencing and biomarker discovery.

As per the report, Global Genetic Testing Market Analysis, the US, in the current scenario, holds an important position in the global genetic testing market. The country has all the major players, key universities and other industry participants engaged in the research and development of gene-based testing. In future, it may be expected that discoveries of leading biomarkers will lead to a significant shift from a market defined by a handful of single mutation genetic tests, like BRCA, KRAS, to a wide range of multivariate genetic tests.

The study provides extensive research and in-depth analysis of the global genetic testing industry, and identifies and analyzes the key developments, including the important drivers and challenges being faced by the market. The research report also investigates the possible growth areas, in terms of diseases, such as Cancer, Alzheimers, and Cystic Fibrosis. Presenting a comprehensive country-level analysis, it also summarizes the outcome of key researches associated with genes. The report provides an insight into emerging sectors, regulatory environment and competitive landscape. Overall, the study aims at portraying a clear picture and objective outlook of the 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 study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

by: Shushmul Maheshwari

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