Global Ocular Genetic Diagnostics Market Overview:
Increased adoption rates among healthcare professionals for early diagnosis of various hereditary and chronic disorders affecting the population, as well as increased awareness of the efficacy of molecular genetic testing for various hereditary and chronic disorders affecting the population, is expected to favor the growth of the Ocular Genetic Diagnostics field in the coming years. The need for ocular genetic diagnostics is expected to rise in the predicted period due to the rising prevalence of ocular genetic disorders.
Growth Drivers
- Rising Awareness Regarding the Efficiency of Molecular Genetic Testing For Various Hereditary and Chronic Disorders
Roadblocks
- Need of High Capital Investment
Opportunities
- The Constant Development of New Treatment Guidelines and Improving Diagnostic Framework in Various Parts of the World
- Increased Adoption Rates amongst Healthcare Professionals for Early Diagnosis
Challenges
- Lack of Skilled and Experienced Personnel
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Blueprint Genetics (Finland), Columbia ophthalmology (United States), Centogene (Germany), Quest Diagnostics (United States), Medgenome (United States), Sankara Nethralaya (India), Fulgent Genetics (United States), GeneDx (United States), Devyser (Sweden) and Invitae Corporation (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Ocular Genetic Diagnostics market by 2026. Considering Market by Test Methodologies, the sub-segment i.e. Next-generation Sequencing (NGS) will boost the Ocular Genetic Diagnostics market. Considering Market by Test Sample, the sub-segment i.e. Blood will boost the Ocular Genetic Diagnostics market. Considering Market by Gene Panel Tests, the sub-segment i.e. Corneal Dystrophy Gene Panel will boost the Ocular Genetic Diagnostics market. Considering Market by End User, the sub-segment i.e. Hospitals will boost the Ocular Genetic Diagnostics market.
Latest Market Insights:
On October 22, 2021, MedGenome, based out of US and India, currently offers more than 550 genetic tests across key disease areas at its lab in Bangalore.
On June 02, 2021, Avellino Lab USA, Inc. (Avellino) announced full nationwide availability in the U.S. of AvaGen™, The Genetic Eye Test, as the first genetic test that helps determine a patient’s risk of keratoconus and the presence of other corneal dystrophies. The test allows for more confident management and treatment for patients with these conditions in order to protect and preserve patient vision.
What Can be Explored with the Ocular Genetic Diagnostics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Ocular Genetic Diagnostics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Ocular Genetic Diagnostics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Ocular Genetic Diagnostics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Ocular Genetic Diagnostics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts And Strategic Business Planners, Ocular Genetic Diagnostics Testing Provider, Venture Capitalists And Private Equity Firms, Government Regulatory And Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.