Key Findings
The North America genetic testing market is predicted to register a CAGR of 10.43% during the forecast period, 2022-2030. The high rates of diseases and disorders offer growth opportunities. For instance, obesity is high in North America. Also, cancer is the second-leading cause of death in the US and the foremost cause in Canada. In addition, as per the latest stats, around 693,000 cancer deaths and almost 1.9 million new cancer cases were recorded in North America.

Market Insights
Canada and the United States are evaluated for the North America genetic testing market growth analysis. Canada offers free healthcare to citizens. The total healthcare expenditure in the country was almost $308 billion in 2021. It also constituted 12.7% of Canada’s gross domestic product. Also, the pandemic has raised the tendency to opt for genetic testing. This is because diabetes patients were more liable to become coronavirus casualties.
In addition, Canadian researchers have developed a new genetic test that gives a precise prediction of the prostate cancer risk post-treatment. Besides, this test uses the genomic profile of the tumor and oxygen content of the area around the tumor to determine relapse risks. Such factors are favorable to market growth.

Competitive Insights
Some of the key market players include Myriad Genetics Inc, Qiagen, Luminex Corporation, PerkinElmer Inc, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments