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China Genetic Testing Market Report 2024, Industry Trends, Segmentation and Forecast Analysis Till 2032

IMARC Group, a leading market research company, has recently releases report titled “China Genetic Testing Market Report by Test Type (Prenatal Testing, Carrier Testing, New Born Testing, Predictive/Presymptomatic Testing, Diagnostic Testing, and Others), Disease (Cancer, Down Syndrome, Thalassemia, and Others), Technology (Biochemical, Molecular, Cytogenetic), Service Provider (Hospital Based Laboratories, Independent Laboratories, Specialty Clinics), Testing Sample (Blood, Saliva, Hair, and Others) 2024-2032”. The study provides a detailed analysis of the industry, including the China genetic testing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the China Genetic Testing Market?

The China genetic testing market size reached US$ 4.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.9 Billion by 2032, exhibiting a growth rate (CAGR) of 14.4% during 2024-2032.

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China Genetic Testing Market Trends and Drivers:

The increasing awareness of genetic diseases and the importance of early diagnosis and the escalating demand for personalized medicine are the factors contributing to the growth of the China genetic testing market. Additionally, key drivers propelling the market growth are substantial investments in healthcare infrastructures and R&D activities, coupled with the growing middle class population, who are able to afford advanced healthcare services. In line with this, the market is further supported by the widespread adoption of advanced genetic testing technologies, as they are more accessible and cost-effective. Furthermore, the growing demand for genetic testing services is further escalated, as these tests offer critical insights into individual risk factors and treatment options.

In addition to this, the rising emphasis on next-generation sequencing (NGS) technologies to offer high-throughput, accurate, and comprehensive genetic analysis is primarily catalyzing the China genetic testing market. Moreover, with technological advancement and genetic engineering, there is an increasing focus on developing personalized medicines and personalized treatments, which is creating a positive outlook for the growth of the market. Apart from this, direct-to-consumer (DTC) genetic testing is becoming more and more popular, since it enables individuals to learn about their genetic susceptibilities to different diseases without the need for a healthcare provider to act as an intermediary, which is expected to bolster the China genetic testing market over the forecasted period.

China Genetic Testing Market Report Segmentation:

The report is organized into distinct sections as follows:

Breakup by Test Type:

  • Prenatal Testing
  • Carrier Testing
  • New Born Testing
  • Predictive/Presymptomatic Testing
  • Diagnostic Testing
  • Others

Breakup by Disease:

  • Cancer
  • Down Syndrome
  • Thalassemia
  • Others

Breakup by Technology:

  • Biochemical
  • Molecular
  • Cytogenetic

Breakup by Service Provider:

  • Hospital Based Laboratories
  • Independent Laboratories
  • Specialty Clinics

Breakup by Testing Sample:

  • Blood
  • Saliva
  • Hair
  • Others

Leading Companies Operating in the China Genetic Testing Industry:

  • BGI
  • Berry Genomics Co. ltd.
  • Daan Gene Co. Ltd
  • WuXi NextCODE
  • Annoroad Gene Technology Co. Ltd.
  • WuXi PharmaTech

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1111&flag=C

Other Key Points Covered in the Report:

  • COVID-19 Impact
  • Porters Five Forces Analysis
  • Value Chain Analysis
  • Strategic Recommendations

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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