The latest report on ‘global pediatric genetic testing market’ offers qualitative insights, and verifiable projections pertaining to the future growth trend of this industry, based on past and current business landscape. It sheds light on key drivers, challenges, and opportunities that will influence the expansion of this business space in the upcoming years.
The latest report on ‘global pediatric genetic testing market’ offers qualitative insights, and verifiable projections pertaining to the future growth trend of this industry, based on past and current business landscape. It sheds light on key drivers, challenges, and opportunities that will influence the expansion of this business space in the upcoming years.
According to trusted sources, global pediatric genetic testing market size is expected to expand at a growth rate of 14% through 2026. Rising awareness regarding newborn genetic testing, increasing investments in R&D, and surging number of pediatric genetic disorders are the major factors fueling the industry growth.
The analysis on ‘global pediatric genetic testing market’ entails detailed segmentations studies, including product type, sample type, disorder, technology, origin, application landscape, and geographical scope. Further, factors supporting the progression along with growth rate prediction of each segment are discussed at length. Moreover, it offers insights on competitive arena of the market, highlighting the major players, their product portfolio and industry share.
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For those unfamiliar, genetic testing is a test used to identify variations in genes, chromosomes, or proteins which helps doctors diagnose certain conditions like CVDs, and neurological disorders among others. In recent times, these tests are witnessing an increased demand owing to a decline in their costs across the globe. Besides, developments in molecular techniques, and increasing adoption of genetic testing services are positively impacting the industry outlook.
Market Segmentation Overview
Based on origin, global pediatric genetic testing market is segmented into inherited disorders and somatic disorders. Speaking of application spectrum, the industry is bifurcated into monitoring and screening, clinical diagnostics, drug discovery, and academic and research.
With respect to the technology, the market is classified into neurological disorders, developmental disorders, cardiovascular disorders, and others. In terms of product type, the industry is fragmented into reagents, kits, and laboratory developed tests (LDT). Considering sample type, the industry is bifurcated into bone marrow, saliva, tissue, and blood.
Speaking of disorder, global pediatric genetic testing market is split into cardiovascular disorder, developmental disorders, and neurological disorders. Among them, cardiovascular disorder segment is expected to showcase robust growth over 2020-2025. In fact, cardiovascular diseases (CVDs) are reported to be one of the major causes for death worldwide, accounting for 17.9 million lives each year, claim credible sources. Rising prevalence of CVDs on account elevated risk among people due adoption of sedentary lifestyle and increasing obesity will bolster the demand for pediatric genetic testing in the forthcoming years.
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Global Pediatric Genetic Testing Market Product Type (Revenue, USD Million, 2016 – 2026)
- Kits
- Reagents
- Laboratory Developed Tests (LDT)
Global Pediatric Genetic Testing Market Sample Type (Revenue, USD Million, 2016 – 2026)
- Blood
- Saliva
- Tissue
- Bone Marrow
Global Pediatric Genetic Testing Market Technology Sub-Segments (Revenue, USD Million, 2016 – 2026)
- Microarray Techniques
- Fluorescent in Situ Hybridization (FISH)
- Next generation Sequencing
- Polymerase Chain Reaction
- Others
Global Pediatric Genetic Testing Market Disorder Type (Revenue, USD Million, 2016 – 2026)
- Cardiovascular Disorders
- Developmental Disorders
- Neurological Disorders
- Others
Global Pediatric Genetic Testing Market Application Spectrum (Revenue, USD Million, 2016 – 2026)
- Academic and Research
- Clinical Diagnostics
- Monitoring and Screening
- Drug Discovery
Global Pediatric Genetic Testing Market Origin Sub-Segments (Revenue, USD Million, 2016 – 2026)
- Somatic Disorders
- Inherited Disorders
Global Pediatric Genetic Testing Market Regional Fragmentation (Revenue, USD Million, 2016 – 2026)
North America
- U.S.
- Mexico
- Canada
South America
- Brazil
- Rest of South America
Europe
- U.K.
- Italy
- Germany
- France
- Spain
- Rest of Europe
Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- Rest of MEA
Asia-Pacific
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Global Pediatric Genetic Testing Market Competitive Dashboard (Revenue, USD Million, 2016 – 2026)
- Abbott Laboratories
- Invitae Corporation
- Trivitron Healthcare Pvt. Ltd.
- Fulgent Genetics, Inc.
- BGI Genomics Co., Ltd.
- Baebies, Inc.
- Unilabs Holding AB
- OPKO Health, Inc.
- Genomic Diagnostics
- Thermo Fisher Scientific, Inc.
- Centogene N.V.
- PerkinElmer, Inc.
- Agilent Technologies, Inc.
- Eurofins Scientific SE
- Quest Diagnostics, Inc.
Related Report:
Direct-To-Consumer (DTC) Genetic Testing Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2028
Global Direct-to-consumer genetic testing market is anticipated to record a substantial growth rate over the coming years due to ongoing technological advancements. Direct-to-consumer genetic testing differs from typical genetic testing. These genetic tests are marketed directly to consumers through the medium of print advertisements, internet, or television, and can be bought in stores or online. Consumers send the company a DNA sample like urine or saliva and collect their results directly from a written report or from a secure website. DTC genetic testing further provides access to people for their genetic information without the need for involving any health insurance company or a healthcare provider in the process.
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