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(Medical-NewsWire.com, August 24, 2017 ) Currently the genetic testing is the most attractive market among the different segments of molecular diagnostics as the need providing a better healthcare is growing. It is the most sophisticated form of medical testing where even the slightest modification in chromosomes, genes, or proteins which are associated with inherited disease conditions are identified. The market for genetic testing in the Middle-East & Africa is $ 2.626 million in 2016 and is estimated to reach $ 3.622 Million by 2021 growing at a CAGR of 6.649%.
Genetic Testing Market is the study of DNA to predict the susceptibility of a diseases, its diagnosis, or determine the likely course of a disease. Genetic testing has led to an easy diagnosis of diseases, such as sickle cell anaemia, haemophilia, and cystic fibrosis, helping many patients living a normal life.
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The primary reasons for the growth of the genetic testing market is attributed to the growing awareness among the individuals about the benefits and the potential it has. Some other drivers that aid in the growth of the genetic testing market are, new innovations in the genetic testing space, increase in the aging population, rise in the number of chronic diseases cases, and rising incidences of cancer cases.
However, there are few hurdles that hinder the growth of the market like, the high costs associated with genetic testing being one. There are concerns among the individuals regarding the authenticity of genetic reports due to credibility of standard procedure.
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The genetic testing market in Middle-East & Africa is categorized, based on application into Cancer Testing, Pharmacogenomics testing, Prenatal testing and Predisposition testing. Based on type of tests, the market is segmented into Carrier Testing, Diagnostic Testing, Prenatal Testing and Neonatal Testing. Genetic testing for cancer is predicted to have a high growth rate, and is likely to lead the genetic testing market in the near future. The market for new-borns screening, rare and fatal disorders diagnosing, and estimating the probability of occurrence of diseases is expected to expand. Particularly, genetic tests to screen the new-borns are likely to expand immensely over the coming years.
Furthermore, on the basis of geography, the MEA Market is segmented and analysed under major regions of Middle -East and Africa.
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New opportunities for genetic and its related applications are likely to grow owing to the increasing incidences of genetic diseases. The transformation from being a service-driven market to a product-driven market is anticipated to provide a push to the diagnostic companies for the expansion of their operations.
Some of the major companies in the Middle-East & Africa genetic testing market include, Abbott Laboratories, Roche Molecular Diagnostics Inc., Abbott Molecular Inc., AutoGenomics Inc., Celera Group, ELITech Group, BioRad Laboratories, PerkinElmer Inc., Roche Diagnostics Corp., Quest Diagnostics Inc., Transgenomic Inc. and Applied Biosystems Inc.,
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