Pharmacogenetic Testing Market Size, Share, Emerging Trends, Historic analysis and Industry Growth Factors

 

Pharmacogenetic Testing market research report acts as a great support to the business. This market report helps to develop a successful marketing strategy for the business. The market report also defines a chapter on the global market and allied companies with their profiles, which provides important data pertaining to their insights in terms of finances, product portfolios, investment plans, and marketing and business strategies. Pharmacogenetic Testing business report highlights the change in the market which is taking place due to the moves of key players and brands such as product launches, joint ventures, mergers, and acquisitions that in turn changes the view of the global face of Healthcare industry.

The significant Pharmacogenetic Testing marketing report is basically helpful for mapping the strategies related to production, product launches, costing, inventory, purchasing and marketing. Further, the report helps to make familiar with the types of consumers, their response and views about particular products, and their thoughts for the step up of a product. This market research report is one of the best and wide-ranging market reports which provide market insights by considering number of factors. Businesses can get important market insights in a cost effective way with this market report. Pharmacogenetic Testing report is the best to gain a competitive advantage in this quickly transforming marketplace.

Data Bridge Market Research analyses that the Pharmacogenetic testing market, which was USD 6.15 billion in 2022, would rise to USD 12 billion by 2030 and is expected to undergo a CAGR of 8.70% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Driver:

• Growing Rate of Elderly Population

Elderly people aged 65 years and above tend to have a higher incidence of chronic conditions and other diseases because of declined immune functions. As per the World Health Organization records, the aged population is expected to increase to 1.4 billion by 2030 compared to 1 billion in 2020. And By 2050, the world's population of people aged 60 years and above is most likely to reach 2.1 billion. Elderly people are more vulnerable to treatment failures and several adverse drug reactions (ADRs). Pharmacogenomics allows the screening of adverse drug reactions associated with personalized medicine regimes. Thus, this factor boosts market growth.

• Increasing R&D Activities Associated with Pharmacogenetics

Growing research and development expenditure leads to the adoption of pharmacogenomics and boosts the market's growth. For instance, the Israel Precision Medicine Partnership (IPMP) awarded around USD 9.9 million to 11 projects in Israel to research personalized medicine, including Crohn's disease, cancers, and rare diseases in 2021. This surge in R&D spending will enhance the market growth during the forecast period. Thus, this factor boosts market growth.

Some key players mentioned in the report are:

Sonic Healthcare Limited (Australia), OneOme, LLC (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Hologic, Inc. (U.S), BIOMÉRIEUX (France), Abbott (U.S), QIAGEN (Germany), Thermo Fisher Scientific (U.S), Siemens (Germany), Danaher (U.S), Myriad Genetics Inc. (U.S.), Illumina Inc. (U.S)., Bayer AG (Germany), BGI (China), PacBio (U.S.), Eurofins Scientific (Luxembourg), Luminex Corporation (U.S)

Key Insights that Study is going to provide:

·         The 360-degree Pharmacogenetic Testing overview based on a global and regional level

·         Market Share & Sales Revenue by Key Players & Emerging Regional Players

·         A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]

·         May vary depending upon availability and feasibility of data with respect to Industry targeted

·         Patent Analysis** No of patents / Trademark filed in recent years.

·         A complete and useful guide for new market aspirants

·         Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations

·         Various Pharmacogenetic Testing industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.

Key Market Segmentation:

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)

The countries covered in the Global Pharmacogenetic Testing Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Key leading countries

Vendor Landscape

Vendor Analysis

Appendix

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