2012-09-10 11:07:58 - With regulatory association becoming more cautious about the ethical and privacy related issues in genetic testing, the market will witness more stringent oversight in future, says RNCOS.
According to a new report by RNCOS, “Global Genetic Testing Market Forecast to 2015”, with the total contribution of around 15%, the global genetic testing market represents one of the leading segments of molecular diagnostics. Currently, genetic testing is available to assess the risk of developing a wide range of medical conditions and consumers’ preferences for genetic test that differ for varied diseases. Though the market is at a nascent stage in terms of revenue, its potential is expected to boost in future with companion diagnostics taking the lead stage. Overall, the global genetic testing market is expected to grow at a healthy CAGR of around 26% during 2012-2015.
We have found that the world deals with the intricate issues of
privacy and ethics in the provision of gene-based tests. Regulatory oversight, in such a scenario, is the need of the hour and concerned associations have been working towards this common goal. While the NIH has announced the opening of the Genetic Testing Registry, The National Institute for Health and Clinical Excellence has also been drafting guidance papers to look after intricate issues in concern with genetic testing. These measures, though stringent, is leading to create a well regulated market landscape.
The report “Global Genetic Testing Market Forecast to 2015” covers almost all the key aspects of the genetic testing market and broadly investigates the current trends that may impact the current and future performance of the industry. It prudently evaluates the consumer (physicians and users) behavior patterns with respect to Genetic Testing in the US and Canada and takes into account several key issues, such as privacy, regulations, cost etc. It also provides an optimum insight into the emerging sectors namely Next-Generation Sequencing and Genomic Biomarkers.
The report is an outcome of an extensive research and in-depth analysis of the global genetic testing market that enumerates key market driving factors and challenges to be tackled in future. Forecasts in key areas of the report takes into account effective methodologies and techniques that, in turn, seek to present a realistic projection. Overall, the report is likely to provide clients with an optimum source of knowledge, statistics, and insight on the same.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM445.htm
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.