Transparency Market Research in its new report titled, “Paternity Testing Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the paternity testing market. The TMR report anticipates that the increase in population, surge in social and medical awareness about paternity testing, and rise in rate of paternity testing will drive the paternity testing market during the forecast period i.e, 2018-2026. However, global/regional regulatory landscape of paternity testing equipment and paternity laws is likely to restrain the global paternity testing market. Increase in R&D investment by key players and technological advancements are expected to drive the global paternity testing market during the forecast period, says the report.
The TMR report has segmented the global paternity testing market based on type of screening, product type, technology, end-user, and region. Based on type of screening, the global market is bifurcated into prenatal paternity testing and postnatal paternity testing. In terms of product type, the global paternity testing market is divided into instruments, reagents, software, and services.
In terms of technology, the global market is categorized into polymerase chain reaction (PCR), next-generation sequencing (NGS), hybridization, microarrays, mass spectrometry, and others. Based on end-users, the global paternity testing market is classified into hospitals, specialized clinics, and others. On a geographical stand, the global paternity testing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, North America accounted for major share of the global paternity testing market in 2017 high social and medical awareness about the importance of paternity testing, advanced technology, and well-established health care infrastructure.
According to the report, Europe held the second largest market share in 2017. The market in the region is expected to expand at a rapid pace during the forecast period. Western Europe held the major share of the paternity testing market in Europe in 2017 owing to well-established medical infrastructure, availability of technologically advanced instruments, and presence of key players in the sub-region. Asia Pacific held the third largest share of the global market in 2017. The region is anticipated to be the fastest growing market during the forecast period.
Large population, presence of key market players, participation of domestic companies, and technological advancements are expected to propel the paternity testing market in Asia Pacific during the forecast period. However, low social and medical awareness about the importance of paternity testing is likely to restrain the market. Latin America held the fourth largest market share in 2017. The market the region is anticipated to expand at a rapid pace between 2018 and 2026.
Developing health care infrastructure and presence of key players are projected to fuel the growth of the paternity testing market in Latin America. Inadequate health care infrastructure in Africa and conservative society in the Middle East are anticipated to hamper the growth of the paternity testing market in Middle East & Africa during the forecast period.
Some of the major players in the global paternity testing market are profiled in this report to give a better competitive analysis and these include Agilent Technologies, Illumina, Inc., PerkinElmer, Inc., Natera, Inc., F. Hoffmann-La Roche Ltd., Abbott Laboratories, QIAGEN, and Thermo Fisher Scientific, Inc., among others.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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