$4.6 Billion Predictive Genetic Testing And Consumer/Wellness … – Business Wire (press release)

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Predictive Genetic Testing And Consumer/Wellness Genomics Market By Application And Trend Analysis From 2013 To 2025" report to their offering.

The global predictive genetic testing & consumer/wellness genomics market is anticipated to reach USD 4.6 billion by 2025

Key drivers attributing to the market expansion include rising awareness pertaining to the use of genomic tests for the prediction of gene susceptibility for probability of disease development. Genetic data in the ecosystem increases when consumers buy direct-to-consumer genomics products or participate in clinical research trials.

Rising encouragement for the use of these products is anticipated to propel industrial growth. Expansion in the range of consumer genetic tests by market entities is anticipated to fuel progress in the market in the coming years. Introduction of novel platforms anticipates the DNA-powered applications thus rising market penetration.

Moreover, the pharmaceutical companies are also engaged in partnerships with genomics companies in order to develop novel therapeutics on the basis of genotypic and phenotypic correlations. For instance, in April 2016 a ten-year deal was signed between Human Longevity Inc. (HLI) and AstraZeneca, in which HLI is supposed to sequence 500,000 genomes of the clinical trial population of AstraZeneca. This data is to be used for the identification of novel drug targets. The deal also provides AstraZeneca with access to the proprietary knowledgebase in order augment biomarker discovery, and facilitate drug development.

Further Key Findings from the Study Suggest:

Companies Mentioned

For more information about this report visit http://www.researchandmarkets.com/research/26mxz4/predictive

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$4.6 Billion Predictive Genetic Testing And Consumer/Wellness ... - Business Wire (press release)