Global genomic tests market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing volume of patients suffering from cancer globally.
Genomic Tests market report provides the best research offerings and the required critical information when it is about looking for new product trends or competitive analysis of an existing or emerging market. With this business report companies can hone their competitive edge again and again. The report comprises of expert insights on global industries, products, company profiles, and market trends. Users can gain unlimited, company-wide access to a comprehensive catalog of industry-specific market research from this industry analysis report. The global Genomic Tests marketing document examines industries at a much higher level than a market study.
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Few of the major competitors currently working in the global genomic tests market are FOUNDATION MEDICINE, INC.; Memorial Sloan Kettering Cancer Center; Ancestry; 23andMe, Inc.; Co-Pay Relief Program; Melbourne Genomics Health Alliance; ViaCord; Genova Diagnostics (GDX); Fulgent Genetics; Loxo Oncology; Color; Genomic Health; Royal Brompton & Harefield NHS Foundation Trust; VikingGenetics; Helix OpCo LLC; American Jersey Cattle Association and National All-Jersey Inc.; Agendia among others.
Increasing innovations and advancements associated with the technology of genomic and genetic testing is expected to propel the growth of the market
Focus on developing personalized therapeutics and treatment modes; this factor is expected to drive the market growth
Availability of various direct-to-consumer genomic testing kits available in the market giving rise to a higher adoption rate globally is another factor uplifting the market growth
Lack of approved and accurate scientifically proven test products commercialized; this factor is expected to hinder the growth of the market
Lack of guidelines and standardizations present currently for the development and utilization of genomic testing for different applications will restrict the market growth in the forecast period
Key Developments in the Market:
In July 2019, Helix OpCo LLC announced that they had established free screening in relation to DNA tests for ten thousand patients residing in Florida, United States as part of a strategic initiative established with various healthcare providers, in this case particularly with AdventHealth
In December 2017, U.S. FDA announced that they had approved two new tests for the identification of genetic alterations in tumor cells. The approved test belonged to FOUNDATION MEDICINE, INC. and Memorial Sloan Kettering Cancer Center. These approvals of tests will help provide a better sense of motivation and focus from various market players involved in development and commercialization of genomic tests
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Insights of the Study
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
- Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the Genomic Tests market
- Company profiling with comprehensive approaches and methodologies, financials, and latest technological developments
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the Genomic Tests market growth
Segmentation: Global Genomic Tests Market
Clinical Predictive Testing
Inherited Genetic Changes
Middle East and Africa
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What Managed Genomic Tests Market Research Offers:
- Managed Genomic Tests Industry gives assessments for the regional level analysis with Production, Sales, Consumption, Imports and Exports
- Managed Genomic Tests industry provides manufacturers with basic information, product category, sales revenue, price, and gross margin (2019-2026)
- Managed Genomic Tests market forecasts for a minimum of 7 years of all the mentioned segments
- Supply chain trends mapping the latest technological advancements
- Global Managed Genomic Tests industry shares drivers, constraints, opportunities, threats, challenges, investment opportunities
- Strategic for the new entrants in Managed Genomic Tests market
- Manufacturing process, suppliers, price, production and consumption analysis, mode of transport and cost analysis, industry chain analysis
- Company profiling with detailed strategies, financials, and recent developments
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