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Genetic analysis is the overall process of studying and researching in fields of science that involve genetics and molecular biology. There are a number of applications that are developed from this research and these are also considered parts of the process. The base system of analysis revolves around general genetics. Basic studies include identification of genes and inherited disorders. This research has been conducted for centuries on both a large-scale physical observation basis and on a more microscopic scale. Genetic analysis can be used generally to describe methods both used in and resulting from the sciences of genetics and molecular biology, or to applications resulting from this research.
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The technology required for genetic analysis has advanced in the last decade to an extent where every aspiring, amateur or experienced scientist can easily acquire the ingredients required to conduct an analysis of their own. There has been a spurt of new companies offering the services to customers at various price ranges depending upon the type of service, their degree of accuracy and detail. Services range from whole genome sequencing which is the most expensive and labor intensive, to the specific gene sequencing tests done mainly to study specific outcome possibilities such as genetic diseases and compatibility. These tests have been personalized to such an extent that nowadays these tests are performed even to check marital compatibility. With such highly customized services being offered, there is no proper structure or regulation in process to segment the market effectively.
Genetic Testing market sales are expected to reach $25 billion annually by 2021 with compound annual growth rate of 10% alone in United States. The Global genetic testing market is expected to reach approximately $60 billion by 2020. The US represents the largest market for genetic testing worldwide. GIA announces the release of a comprehensive global report on the Genetic Testing market. The global market for Genetic Testing is forecast to reach US$2.2 billion by 2017. Increasing knowledge about the potential benefits in genetic testing is one of the prime reasons for the growth of the genetic testing market. Advancements in the genetic testing space, aging population and a subsequent rise in the number of chronic diseases, and increasing incidence of cancer cases are the other factors propelling growth in the genetic testing market.
1. National Human Genome Research Institute
2. Center for the Advancement of Genomics
3. Carolina Center for Genome Sciences
4. Research Institute for Genetic and Human Therapy
5. New York Genome Center
6. Genetic Information Research Institute
Genomic Companies :
2. Genetic Technologies Group
4. Ambry Genetics
5. Biospyder Technologies
6. Predictive biology
8. Cypher Genomics
9. Agena Bioscience
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This page was last updated on February 23, 2020