Pediatric Genetic Testing Market Outlook 2023–2028: Growth Forecast & Top Trends

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Market Size, Growth & Valuation (2023-30)

Pediatric Genetic Testing Market is projected to grow at a CAGR of around 14% during the forecast period, i.e., 2023-28.

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Pediatric Genetic Testing Market Structure – Segmentation & Geography

By Product Type

  • Kits
  • Reagents
  • Laboratory Developed Tests (LDT)

By Sample Type

  • Saliva
  • Blood
  • Tissue
  • Bone Marrow

By Technology

  • Next Generation Sequencing
  • Fluorescent In Situ Hybridization (FISH)
  • Polymerase Chain Reaction
  • Microarray Techniques
  • Others

By Disorder

  • Developmental Disorders
  • Cardiovascular Disorders
  • Neurological Disorders
  • Others

Cardiovascular Disorders is expected to grow at the highest CAGR by 2028 in the Global Pediatric Genetic Testing market, being one of the major causes of death globally, with an estimated 17.9 million lives each year.

By Application

  • Clinical Diagnostics
  • Drug Discovery
  • Monitoring and Screening
  • Academic and Research

By Origin

  • Inherited Disorders
  • Somatic Disorders

By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific.

Among other regions, North America is projected to witness significant growth in terms of revenue share during the forecast period.

Key Growth Trends (2023-2028)

Constant Technological Developments in Genetic Testing Worldwide – Technology advancements have made it possible for doctors to do tests more accurately and to examine numerous pieces of genetic data simultaneously. Moreover, by approving the new ways of testing, many countries are facilitating their adoption. For instance, the United States Food and Drug Administration approved the first test to identify Fragile X Syndrome (FXS), one of the primary causes of inherited developmental delay and intellectual disability, in February 2021. Thus, the rising burden of chronic diseases paired with technological improvements has furthered market expansion in the historical period.

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Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The Pediatric Genetic Testing industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading Pediatric Genetic Testing Companies are:

  • Abbott Laboratories
  • BGI Genomics
  • Invitae Corporation
  • Trivitron Healthcare
  • Thermo Fisher Scientific Inc.
  • Fulgent Genetics, Inc.
  • Quest Diagnostics
  • Unilabs Group Services
  • Agilent Technologies, Inc.
  • Genomic Diagnostics
  • PerkinElmer, Inc.
  • CENTOGENE N.V
  • OPKO Health, Inc.
  • Baebies, Inc.
  • Eurofins Scientific.

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Key Questions Answered in This Report:

  1. What is the current market size of Pediatric Genetic Testing, and what growth rate is projected by 2028?
  2. Which key trends are driving Pediatric Genetic Testing market expansion in the next five years?
  3. How does market segmentation impact industry dynamics?
  4. Which geographic regions offer the highest growth potential?
  5. What are the primary challenges hindering Pediatric Genetic Testing industry growth?
  6. How do regulatory policies influence market development?
  7. What are the latest technological advancements impacting the sector?
  8. Who are the leading Pediatric Genetic Testing companies, and what are their market shares?
  9. What strategies are top competitors adopting to maintain dominance?
  10. What are the emerging niche segments with high growth potential?
  11. How do macroeconomic factors affect market performance?
  12. What are the investment opportunities for new entrants?
  13. How does pricing strategy vary across different market segments?
  14. What are the future innovation trends expected in this industry?

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