APAC Genetic Testing Market Analysis 2022-2026: Abbott Laboratories, Bio Rad Laboratories Inc., and Danaher Corp. are Among the Major Vendors

The genetic testing market share in APAC is expected to post an incremental growth of USD 1.31 billion, accelerating at a CAGR of 13.21% during the forecast period. Technavio's research report provides insights into the top market players and their product portfolios along with pipeline analysis of upcoming developments and growth opportunities.  Abbott Laboratories, Bio Rad Laboratories Inc., Danaher Corp., Exact Sciences Corp., F. Hoffmann-La Roche Ltd., Illumina Inc., Mapmygenome India Ltd., Myriad Genetics Inc., QIAGEN NV, and Thermo Fisher Scientific Inc. are some of the leading genetic testing market vendors in APAC.

The growth of the market players depends on several factors such as market conditions, government support, and industry development. Market participants need to identify opportunities within the market by offering unique products and service offerings. The report will equip the businesses with a detailed analysis of the market so that they can evolve their own business strategy. Unlock Free Sample Analysis Report

Genetic Testing Market in APAC: Market Highlights

• The genetic testing market in APAC is segmented by Product (Equipment and Consumables) and Application (Cancer diagnosis, Genetic disease diagnosis, Cardiovascular disease diagnosis, and Others).
• Rising approval of advanced genetic testing products is one of the primary factors driving the growth of the genetic testing market in APAC.
• In addition, the rising approval of advanced genetic testing products is the major genetic testing market trend in APAC which will positively influence the market growth.
• However, the advancements in next-generation sequencing is the major hindrance for the market vendors.
• The report provides a detailed study of this and all the other drivers that will boost the market growth. An understanding of the key drivers will enable businesses to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. 

Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 13.21%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 1.31 billion.
    
3. What is a key factor driving this market?
   Rising approval of advanced genetic testing products will drive market growth over the forecast period.
    
4. Who are the leading market vendors?
   The leading vendors in this market are Abbott Laboratories, Bio Rad Laboratories Inc., Danaher Corp., Exact Sciences Corp., F. Hoffmann-La Roche Ltd., Illumina Inc., Mapmygenome India Ltd., Myriad Genetics Inc., QIAGEN NV, and Thermo Fisher Scientific Inc.
    
5. What are the market segments covered in this report?
   The market is segmented by Product (Equipment and Consumables) and Application (Cancer diagnosis, Genetic disease diagnosis, Cardiovascular disease diagnosis, and Others).