China $4.33 Bn Genetic Testing Market to 2023 by Test Type, Disease, Technology, Service Provider & Testing Sample - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 10, 2019--The “China Genetic Testing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
China Genetic Testing Market reached a value of US$ 1.43 Billion in 2017. Looking forward, the market is expected to reach a value of US$ 4.33 Billion by 2023, exhibiting a CAGR of 18.9% during 2018-2023.
The results obtained from a genetic test can confirm or rule out a suspected genetic disorder or help identify a person’s chance of developing or passing on a genetic disorder. Genetic testing is becoming popular in China. It may benefit many different interest groups, such as individuals and families with a history of genetic disorder, pregnant women, employers, and health or life insurance. This market is currently driven by a number of factors such as rising awareness regarding the benefits of genetic testing, availability of direct to consumer tests and increasing incidences of genetic disorders.
Over the past few years, there has been a significant rise in the awareness levels regarding the benefits of genetic testing in China. Genetic testing provides various technologies that help in the early detection of various chronic diseases and ensures its treatment and prevention. Moreover, a rise in the availability of Direct to consumer tests (DTC) which has increased the convenience and accessibility of such tests is also creating a positive impact in the growth of the market.
Other major factors that are expected to drive this market include growing middle class, aging population, and expanding healthcare system.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 China Genetic Testing Market
6 Market Breakup by Test Type
7 Market Breakup by Disease
8 Market Breakup by Technology
9 Market Breakup by Service Provider
10 Market Breakup by Testing Sample
11 Competitive Landscape
12 Key Player ProfilesBGI Shenzhen Huada Gene Technology Co Ltd. Berry Genomics Co. ltd. Daan Gene Co. Ltd WuXi NextCODE Annoroad Gene Technology Co. Ltd. WuXi PharmaTech
For more information about this report visit https://www.researchandmarkets.com/research/w7rtqj/china_4_33_bn?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190110005388/en/
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KEYWORD: ASIA PACIFIC CHINA
INDUSTRY KEYWORD: HEALTH GENETICS
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/10/2019 09:03 AM/DISC: 01/10/2019 09:03 AM