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U.S. genetic testing market Size & Share

U.S. genetic testing market

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U.S. genetic testing market Size & Share

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  1. The U.S. genetic testing market is projected to grow from $4.38 billion in 2020 to $10.29 billion by 2027, with a CAGR of 13.0%. The market analysis covers several key segments: Key Market Segments:  Techniques: DNA sequencing, PCR, microarrays  Applications: Oncology, cardiology, pharmacogenomics, cognitive dysfunction  Payers: Public/private health insurance, out-of-pocket  End Users: Hospitals, independent laboratories Major Growth Drivers:  Strong demand for early and preventive care  Increased awareness among healthcare professionals  Favorable reimbursement policies from insurers Key Challenges:  Data privacy concerns around genetic information  COVID-19 impact led to cancellation of non-essential diagnostics  Limited adoption in some healthcare settings Leading Companies:  Quest Diagnostics  Myriad Genetics  Invitae Corporation  Ambry Genetics  BioReference Laboratories The report includes detailed analysis of market dynamics, competitive landscape, regulatory overview, and impact of COVID-19 on the genetic testing industry through 2027. Report- Fortune Business Insights - U.S. Genetic Testing Market Size, Trend, Share, Forecast, 2027 https://www.fortunebusinessinsights.com/u-s-genetic-testing-market-105034

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