What are Reasons behind Growth of Huntington's Disease Genetic Testing Market?

1. Healthcare © P&S Intelligence. All rights reserved Page 1

2. Declining Cost of Genetic Testing Driving Huntington’s Disease Genetic Testing Market The global Huntington’s disease (HD) genetic testing market is predicted to generate a revenue of $28.3 million by 2030, increasing from $20.6 million in 2019, progressing at a 3.1% CAGR during the forecast period (2020–2030), as per a research conducted by P&S Intelligence. The presence of a large middle-aged population, reducing costs of genetic tests, initiatives taken by private and public organizations for raising awareness regarding HD, and reducing costs of genetic tests are leading to the growth of the market. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/genetic- testing-market/report-sample When the patient gender segment is taken into consideration, the market is bifurcated into female and male, between which, the male division accounted for the major share of the market during the historical period (2014–2019). The division is further expected to witness the higher CAGR during the forecast period. The prevalence of HD among males is higher than that among females. In fact, the prevalence of various genetic diseases is higher in the male population, thereby leading to higher need for genetic testing. Make an Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry- url=genetic-testing-market The declining cost of genetic testing and increasing prevalence of HD are among the major driving factors of the Huntington’s disease genetic testing market. For HD, the cost of genetic testing is around $100–$200, depending on the complexity, nature, and count of the tests. Because of the low cost of testing and high availability of test kits for HD all over the world, the inclination towards early diagnosis has risen considerably over the past few years. The presence of a huge middle-aged population is also a key driving factor of the Huntington’s disease genetic testing market. As per the World Bank, the population between the ages of 15 and 64 was 4.5 billion in 2010 and reached 5.0 billion in 2010, globally. Symptoms of HD generally starts showing between the ages of 30 and 50. Ascribed to this, the high number of middle-aged people is resulting in the growth of the market. © P&S Intelligence. All rights reserved Page 2

3. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 © P&S Intelligence. All rights reserved Page 3