Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
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According to the
latest report by IMARC Group, titled “China
Genetic Testing Market:
Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”,
the China genetic
testing market reached a value of US$ 2.76 Billion
in 2020. Genetic tests identify the changes occurring in the genes, proteins or
chromosomes of an individual. They help in determining the chances of a person
passing on a genetic disorder to the next generation as well as their
vulnerability to a suspected genetic disease. The genetic testing market in
China has witnessed rapid development since the establishment of the first
genomics company in 1999. The demand for genetic testing services in the
country is being driven by factors like aging population, expanding middle
class and investments in the healthcare sector. The industry has also attracted
international investors owing to rising demand for noninvasive prenatal testing
and growing research in the fields of reproductive and oncology health.
Request for a PDF sample of this report: https://www.imarcgroup.com/china-genetic-testing-market/requestsample
Market Trends:
In an effort to expand its domestic
biotechnology sector, the Chinese Government has taken steps in the favor of
genetic science development. It identified genomics as a strategic field for the country’s
social and economic development in its 14th Five-Year
Plan. The Government also plans to document the genetic makeup of people from
nine different minority groups, in an attempt to decode hereditary information
within their genes. Apart from this, the market for direct-to-consumer DNA
testing has also experienced massive growth driven by rising priority of
personal health and wellness among consumers. This trend has further been supported
by technological advancements which have reduced the cost of DNA sequencing
services. However, there is a lack of specifically-designed educational
programs for training medical genetic professionals in China. Looking forward,
IMARC Group expects the market to grow at a CAGR of 16.8% during 2021-2026.
Market Summary:
·
On the basis of test type, the market is
segmented into prenatal testing, newborn testing, diagnostic testing, carrier
testing, predictive or presymptomatic testing and others. Amongst these,
prenatal testing is the most popular segment.
·
Based on diseases, the market has been
segregated into cancer, Down syndrome, thalassemia and others. At present,
cancer remains the leading cause of death in China owing to which genetic tests
are gaining popularity as these tests help the doctors in identifying suitable
medication for patients.
·
The market has been categorized on the basis
of technologies into cytogenetic, biochemical and molecular. Amongst these,
biochemical is the most common technology used for conducting genetic tests in
China.
·
There are several service providers
available in China for genetic testing such as hospital-based laboratories,
independent laboratories and specialty clinics. Hospital-based laboratories
exhibit a clear dominance in the market.
·
The report has analyzed the China genetic
testing market according to different testing samples which include blood,
saliva, hair and others. Amongst these, blood samples hold the majority of the
market share.
·
The competitive landscape of the market has
also been examined with some of the key players being BGI, Shenzhen Huada Gene
Technology Co Ltd., Berry Genomics Co. ltd., Daan Gene Co. Ltd, WuXi NextCODE,
Annoroad Gene Technology Co. Ltd and WuXi PharmaTech.
Competitive Landscape:
·
BGI
·
Berry
Genomics Co. ltd.
·
Daan
Gene Co. Ltd
·
WuXi
NextCODE
·
Annoroad
Gene Technology Co. Ltd.
·
WuXi
PharmaTech
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
Ask Analyst for Customization and
Explore full report with TOC & List of Figures: https://www.imarcgroup.com/china-genetic-testing-market
We are updating our reports, If you want latest primary and secondary
data (2021-2026) with Cost Module, Business Strategy, Distribution Channel,
etc. Click request free sample report, published report will be delivered to
you in PDF format via email within 24 to 48 hours.
Key
highlights of the report:
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.
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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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