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According to IMARC Group, the United States genetic testing market size is projected to exhibit a growth rate (CAGR) of 11.80% during 2024-2032.
The report has segmented the market by type (predictive and presymptomatic testing, carrier testing, prenatal and newborn testing, diagnostic testing, pharmacogenomic testing, and others), technology (cytogenetic testing and chromosome analysis, biochemical testing, molecular testing), application (cancer diagnosis, genetic disease diagnosis, cardiovascular disease diagnosis, and others), and region.
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United States Genetic Testing Market Growth:
The United States genetic testing market is experiencing significant growth, primarily driven by advancements in genetic research and the increasing awareness towards personalized medicines. In line with this, the easy availability of advanced genetic testing methods for a wide range of conditions, from inherited diseases to cancer, is enhancing patient care and treatment strategies, thereby catalyzing the market growth. Moreover, the decreasing cost of genetic sequencing technologies has made these tests more accessible to a broader population, thereby bolstering the market growth across the country. Furthermore, the growing demand for prenatal genetic testing, owing to the inflating need among parents for assessing the risk of genetic disorders in their unborn children, is further catalyzing the market growth.
United States Genetic Testing Market Segmentation:
Breakup by Type Insights:
Predictive and Presymptomatic Testing Carrier Testing Prenatal and Newborn Testing Diagnostic Testing Pharmacogenomic Testing Others
The report has provided a detailed breakup and analysis of the market based on the type. This includes predictive and presymptomatic testing, carrier testing, prenatal and newborn testing, diagnostic testing, pharmacogenomic testing, and others.
Breakup by Technology Insights:
Cytogenetic Testing and Chromosome Analysis Biochemical Testing Molecular Testing
A detailed breakup and analysis of the market based on the technology have also been provided in the report. This includes cytogenetic testing and chromosome analysis, biochemical testing, and molecular testing (DNA sequencing and others).
Breakup by Application Insights:
Cancer Diagnosis Genetic Disease Diagnosis Cardiovascular Disease Diagnosis Others
The report has provided a detailed breakup and analysis of the market based on the application. This includes cancer diagnosis, genetic disease diagnosis, cardiovascular disease diagnosis, and others.
Breakup by Regional Insights:
Northeast Midwest South West
The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.
United States Genetic Testing Market Trends:
Another key trend in the United States genetic testing market is the elevating integration of genetic data with electronic health records for enhancing the ability of healthcare providers to use this information for better patient care. In addition to this, the market is positively impacted due to the increasing number of direct-to-consumer genetic testing, which allows individuals to access their genetic information without the need of healthcare providers.
This trend is fueled by the rising consumer inclination towards personal health and ancestry information. Apart from this, regulatory bodies in the country are continually working to establish guidelines that ensure the accuracy, reliability, and ethical use of genetic tests, which is anticipated to stimulate the United States genetic testing market in the coming years.
Other Key Points Covered in the Report:
COVID-19 Impact Porters Five Forces Analysis Value Chain Analysis Strategic Recommendations
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