Noida, UP -- (SBWire) -- 08/08/2011 --According to our latest report entitled, “Global Genetic Testing Market Analysis”, global genetic testing market witnessed a rapid growth rate in the recent years on the back of factors, such as increasing awareness level, rising prevalence of genetic disorders, and private sector participation. Recent industry developments and discovery of new genes are attracting a large number of global market players in the genetic tests segment. The market too has reached to the mark of around US$ 1.5 Billion in 2010 and is likely to grow at a CAGR of around 25% during 2012-2015.
We have found that DTC genetic test segment is fetching lots of attention from regulatory authorities and other concerned players. The concern over the selling of genetic tests directly to consumers and adoption of other advertising means has caused FDA intervention in the matter. Other countries are also pondering over the probable solution and it is expected that new regulations for DTC genetic tests may come in near future.
The report analyzes factors critical to the fast pace growth of the global genetic testing market. The report sheds light on the recent industry developments in which key product launches and strategic acquisitions among players have been covered in a prudent manner. Additionally, the report properly investigates the regulatory landscape with regards to genetic testing in key regions of the world.
The report, “Global Genetic Testing Market Analysis”, is an outcome of an extensive research and presents an in-depth analysis of the global genetic testing market. It provides future forecast on the market based on the correlation of past drivers, challenges, and opportunities for expansion. Key features of genetic testing market in key countries of the globe have been presented effectively. Last though not the least, a useful description of key market players and their products is also included in the report. Overall, the report is likely to provide clients a better understanding of genetic testing market.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a 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.
Stupendous Growth Observed in Global Genetic Testing Market