Companion Diagnostics is the Focus Area in Genetic Testing Market

With the global healthcare sector heading towards personalized treatment, companion diagnostics is expected to drive the market in a significant manner, says RNCOS.

NOIDA, India (prHWY.com) August 22, 2012 - According to a new report by RNCOS, "Global Genetic Testing Market Forecast to 2015", the global genetic testing market has been advancing at a rapid pace over the past few years. Despite being at a nascent stage, the market has become a prominent segment of molecular diagnostics and is the key focus area for industry participants. The future growth seems to be significantly optimistic as active participation of governments and private players is fetching improved revenue stream. Overall, the global genetic testing market may grow at a healthy CAGR of around 26% during 2012-2015.

Our in-depth research has found that the genetic testing market is effectively witnessing renowned focus on companion diagnostics, which is further boosted by the discovery of new biomarkers for oncology treatment. Market players, moreover, are also coming up with innovative companion diagnostic tests mainly because the personalized medicine is the need of the hour.

The report entitled, "Global Genetic Testing Market Forecast to 2015", provides an in-depth analysis of the current and future status of global genetic testing market and evaluates the role of genetic testing in diseases, such as Cancer, Cystic Fibrosis, and Alzheimer. The 95 pages report also gives a comprehensive overview of the Direct-to-Consumer (DTC) gene-based tests that have gained significant attraction due to their marketing and distribution pattern.

The report is an outcome of an extensive research and in-depth analysis of the current Global Genetic Testing Market that effectively measured the consumer behavior patterns within the US and Canada. Moreover, the report provides an optimum insight into the emerging sectors namely Next-Generation Sequencing and Genomic Biomarkers to analyze new growth avenues. An in-depth assessment of prominent companies offering tools/equipments in the genetic testing market has also been covered.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM445.htm

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About RNCOS

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.

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Tag Words: global genetic testing

Categories: Health

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