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Description
Global Genetic Testing Market was valued at USD 13.6 Billion in 2020 and is anticipated to grow at USD 29.88 Billion till 2027 recording a CAGR of 11.9% during the forecast period 2021-2027. The DNA, a chemical databank that conveys commands for the body’s utilities, is examined during genetic testing. Changes or mutations in the genes that may cause illness or disease can be discovered by genetic testing. The rise in the incidence of genetic diseases and the growing demand for identifying genetic disorders are two major factors driving growth in the global genetic testing market. Chronic diseases are primarily caused by genetic abnormalities. Genetic testing makes available technology that aid in the early discovery of various genetic illnesses, as well as treatment and prevention. Genetic testing is widely utilised for a variety of applications. In 2015, there were around 15.1 million new cancer cases worldwide, with more than half of these instances coming from economically developing countries such as India, China, and others. Prenatal genetic testing is a procedure that aids in the detection of genetic diseases in the foetus. Mutations in a person’s genes or chromosomes are the most common cause of genetic disorders. Aneuploidy, trisomy, monosomy, and a variety of other hereditary illnesses are among the most common genetic abnormalities. Pharmacogenomics is the study of congenital changes in human genes that influence a person’s pharmacological response. Pharmacogenomics is a field that combines pharmaceutical and genetic sciences. As a result, it is the science of customising a medicine depending on a person’s genetic composition. A predisposition is an increase in the likelihood of a disease developing as a result of a person’s genetic composition. A genetic predisposition is caused by specific genetic abnormalities that are passed down from one parent to the next. Global genetic testing market report gives comprehensive outlook on genetic testing across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
