China Genetic Testing Market Share, Price Trends, Growth
According to IMARC Group’s latest report, titled “China Genetic Testing Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, the China genetic testing market size reached 3.1 billion. by 2021. IMARC Group expects the market to reach US$8.0 billion by 2027, growing at a growth rate (CAGR) of 17% over the period 2022-2027.
Genetic testing identifies changes that occur in an individual’s genes, proteins or chromosomes. They help determine a person’s chances of passing on a genetic disease to the next generation as well as their susceptibility to a suspected genetic disease. The genetic testing market in China has witnessed rapid development since the establishment of the first genomics company in 1999. The demand for genetic testing services in the country is driven by factors such as an aging population, expanding middle class and investments in the health sector. The industry has also attracted international investors due to the growing demand for non-invasive prenatal testing and growing research in the areas of reproductive health and oncology.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Genetic testing market trends in China:
In order to expand its national biotechnology sector, the Chinese government has taken steps towards the development of genetic sciences. It has identified genomics as a strategic area for the social and economic development of the country in its 14th five-year plan. The government also plans to document the genetic makeup of people from nine different minority groups, with the aim of decoding the hereditary information contained in their genes. Apart from this, the direct-to-consumer DNA testing market has also witnessed massive growth driven by the rising priority of personal health and wellness among consumers. This trend has further been supported by advances in technology that have reduced the cost of DNA sequencing services. However, there is a lack of educational programs specifically designed to train medical genetics professionals in China.
Competitive Analysis and Segmentation of Genetic Testing in China 2022-2027:
Competitive landscape with key players:
Berry Genomics Co. ltd.
Daan Gene Co. Ltd
Annoroad Gene Technology Co.Ltd.
Key Market Segmentation:
Breakdown by type of test:
Breakdown by disease:
Breakdown by technology:
Breakdown by service provider:
Breakage per test sample:
Ask the analyst for a customization and explore the full report with table of contents and list of figures: https://www.imarcgroup.com/china-genetic-testing-market
Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market drivers and success factors
Complete mapping of the competitive landscape
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