World genetic testing market to grow 26% to 2015 says new report

Aug. 25, 2011 - PRLog -- The report ‘Global Genetic Testing Market Analysis’ states that with the large increase in the amount of available tests, the genetic testing market is seeing a high growth pattern. According to the report, the global genetic testing sector was worth around US$ 1.5 Billion in 2010 that is in line with a share of 15% in the total molecular diagnostics market. The market is due to grow at the rate of around 26% to 2015 hitting around US$ 4 Billion. Factors contributing to this growth include growing demand of newborn screening, high incidences of Alzheimer disease, breast cancer, colorectal cancer, diabetes etc, and research innovations.

Issues over the impressive growth of DTC genetic testing have attracted lots of opinions and views on the selling of DNA-based tests directly to consumers. With the FDA intervention, the subject has become of more significance and it would be interesting to see whether new regulations do come in or not. The report, in this context, has presented an effective insight on the current developments in DTC genetic tests.

Read more here: http://www.pharmaceutical-market-research.com/publication...

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