Rare Disease Genetic Testing Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

November 14 21:33 2022
Rare Disease Genetic Testing Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
DataM Intelligence
Rare Disease Genetic Testing Market is expected to grow at a CAGR of 9.7% during the forecast period 2022-2029.

Market Overview:

Rare Disease Genetic Testing Market is expected to grow at a CAGR of 9.7% during the forecast period 2022-2029. As per Priority Exploration, the worldwide red biotechnology market size is anticipated to hit around US$ 510 billion by 2027 from an estimated at US$ 322 billion out of 2022. The North America region has the highest market share in the Rare Disease Genetic Testing Market, and it is further continuing its dominance during the forecast period.

Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also the report contains a number of major companies profiled in the relevant market.

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Market Drivers:

Ascend in number of accessible libraries in the market will drive the market development

The significant driving variable of the market development is the expansion in the quantity of accessible libraries, which permits information to be pooled to accomplish an adequate example size for epidemiological and clinical examination. Furthermore, mechanical progressions in information assortment and understanding for clinical practice have moved the market. Organizations are attempting to guarantee productive information assortment from different nationalities, which will help with the determination of thousands of patients experiencing a similar condition.

Besides, organizations, for example, Centogene consolidate hereditary testing with metabolomics and proteomics to guarantee the most dependable information investigation process conceivable. The multi-omics approach helps with better comprehension the effect of a given change on the protein and the metabolite level. The organization has likewise acquainted a framework with improve on the example assortment process, driving hereditary tests for uncommon sickness analyze. The way that the greater part of these illnesses influence kids adds to the interaction’s complexity.

Government-supported programs are likewise expected to emphatically affect the market. Under the Rashtriya Arogaya Nidhi plot, the public authority of India reported monetary help of INR 15 lacs to patients experiencing remarkable sicknesses for a one-time frame therapy in February 2020. This adds to the development of the worldwide intriguing infection hereditary testing market.

Market Segmentation:

By Type

Neurological Disorders


Metabolism Diseases

Hematology Diseases

By Technology

Next-Generation Sequencing


Array Technology

PCR-Based Testing

By Specialty

Molecular Genetic Tests

Chromosomal Genetic Tests

Biochemical Genetic Tests

By End User       


Research Laboratories

Diagnostic Laboratories


Major Companies Covered:

Quest Diagnostics Inc, Centogen N.V.,Invital Corporation, 3 billion Inc ,Arup Laboratories, Eurofins Scientific, Strand Life Sciences, Ambry Genetics, Perkin Ebmer Inc, Macrogen Inc, Baylor Genetics, Color Genomics ,Inc , Health Network Laboratories, Preventiongenetics, Progenity ,Inc, Co opersurgical ,Inc, Fulgent Genetics Inc, Myriad Genetics , Inc , Laboratory Coorporation of America Holdings.

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