NEW YORK, Aug. 18, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
In a rapidly growing molecular diagnostics market, genetic testing represents a highly attractive segment. Genetic testing is a form of medical test that recognizes alteration in chromosomes, genes, or proteins. Most of the time, testing is used to find changes that are associated with inherited disorders. The results of a genetic test can confirm or rule out a suspected genetic condition or help determine a person's chance of developing or passing on a genetic disorder. Several hundred genetic tests are currently in use, and more are being developed.
With the significant increase in the number of available tests, the genetic testing market is witnessing a strong growth pattern. According to our latest report, "Global Genetic Testing Market Analysis", the global genetic testing sector was worth around US$ 1.5 Billion in 2010 that corresponds to a share of approximately 15% in the total molecular diagnostics market. The market is further likely to grow at the rate of around 26% during 2012-2015 to reach around US$ 4 Billion. Factors contributing to this growth include increasing demand of newborn screening, high incidences of Alzheimer disease, breast cancer, colorectal cancer, diabetes etc, and research innovations.
Controversies over the splendid growth of DTC genetic testing have attracted lots of opinions and views on the selling of DNA-based tests directly to co
Copyright©2010 PR Newswire.
All rights reserved