Pediatric Genetic Testing Market Overview and Insights:
According to MarkNtel Advisors Report, the Global Pediatric Genetic Testing Market is projected to grow at a CAGR of around 14% during the forecast period, i.e., 2023-28.
Pediatric Genetic Testing Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-2028
What are the major challenges facing the Pediatric Genetic Testing Market?
In addition to being technically tricky, DNA-based diagnostics also pose several moral issues with regard to the indications, interpretation, and ramifications for the patient and family. Concerns regarding morality, the legality of the request, and the impact on children's mental well-being followed by the increased adoption of such genetic testing might discourage its incorporation in the long run. Furthermore, the variety of tests available for various purposes and the lack of studies looking at the long-term effects of testing on children have made it difficult to provide guidelines. Considering this, the indications provided by some tests have proven benefits over harms, while others have less clear justification.
Who are the Key Players Operating in the Pediatric Genetic Testing Industry?
The top companies of the Pediatric Genetic Testing market ruling the industry are:
- Abbott Laboratories
- BGI Genomics
- Invitae Corporation
- Trivitron Healthcare
- Thermo Fisher Scientific Inc.
- Fulgent Genetics, Inc.
- Quest Diagnostics
- Unilabs Group Services
- Agilent Technologies, Inc.
- Genomic Diagnostics
- PerkinElmer, Inc.
- CENTOGENE N.V
- OPKO Health, Inc.
- Baebies, Inc.
- Eurofins Scientific
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What is Included in Pediatric Genetic Testing Market Segmentation?
The report has segmented the market into the following categories:
By Product Type
- Kits
- Reagents
- Laboratory Developed Tests (LDT)
By Sample Type
- Saliva
- Blood
- Tissue
- Bone Marrow
By Technology
- Next Generation Sequencing
- Fluorescent In Situ Hybridization (FISH)
- Polymerase Chain Reaction
- Microarray Techniques
- Others
By Disorder
- Developmental Disorders
- Cardiovascular Disorders
- Neurological Disorders
- Others
Cardiovascular Disorders is expected to grow at the highest CAGR by 2028 in the Global Pediatric Genetic Testing market, being one of the major causes of death globally, with an estimated 17.9 million lives each year. Genetic testing is informative and helpful for managing various inherited cardiovascular diseases such as thoracic aortic aneurysms and dissections, cardiomyopathies, arrhythmic disorders, and familial hypercholesterolemia (FH).
By Application
- Clinical Diagnostics
- Drug Discovery
- Monitoring and Screening
- Academic and Research
By Origin
- Inherited Disorders
- Somatic Disorders
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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Frequently Asked Questions (FAQs)-
- What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- How has the Pediatric Genetic Testing industry been evolving in terms of geography & adoption?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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