Promo - Middle East Genetic Testing Market

The growing consciousness about genetic hereditary diseases to promote the growth of the
Genetic Testing market, particularly in the Middle East
Overview:
Genetic testing, conjointly referred to as DNA testing, permits the determination of bloodlines
and also the genetic diagnosing of vulnerabilities to hereditary diseases. In agriculture, a variety
of genetic testing referred to as progeny testing may be done to assess the standard of breeding
stock. In population ecology, genetic testing may be used to track genetic strengths and
vulnerabilities of species populations. Within the past, the most genetic tests looked for
abnormal chromosome numbers and mutations that result in rare, inheritable disorders.
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The Genetic Testing market in North America is valued to be $ 2,626 million in 2015 and is
forecasted to be a $ 3,622 Million market by 2020 growing at a CAGR of 6.649%. Vital
technological advancements inside the sector and established nature of customer-friendly
genetic testing are the most important driving factors behind the market growth.
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Drivers and Restraints:
In September 2017, the famous company Myriad launched riskScore to bolster the hereditary
cancer check myRisk. riskScore determines the possibility to get breast cancer by analyzing their
genome order of the female population. Increasing proportion of the aging population and
conjointly the rising awareness relating to the potential benefits of genetic testing is one amongst
the essential reasons for the increasing scope of the genetic testing market. The increasing
awareness regarding the prevalence of genetic diseases is additionally foreseen to contribute lots
to the growth of the market.
Genetic Testing has enabled the straightforward identification of diseases like cystic fibrosis and
hemophilia and is enabling numerous patients in leading their normal everyday life style. The
outstanding factors like the growing incidences of hereditary and genetically transmitted
diseases and unexpectedly increasing proportion of the geriatric population are the other
significant reasons behind the high projected growth of the market.
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Geographical Segmentation:
Furthermore, on the basis of geography, the MEA Market is segmented and analyzed under major
regions of Middle -East and Africa. UAE represents the biggest marketplace for genetic testing in
this region. Genetic testing to screen the new-born babies for potential future diseases is
anticipated to expand rapidly and massively in many places within the region in the time period
of forecast.
Some of the major companies in the Middle-East and Africa genetic testing market include Abbott
Laboratories, Roche Molecular Diagnostics Inc., Abbott Molecular Inc., AutoGenomics Inc., Celera
Group, ELITech Group, BioRad Laboratories, PerkinElmer Inc., Roche Diagnostics Corp., Quest
Diagnostics Inc., Transgenomic Inc. and Applied Biosystems Inc.
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