Global Rare Disease Diagnostics Market

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Global Rare Disease Diagnostics Market to Reach $70.69 Billion by 2030

The premium market intelligence report published by BIS Research on the title Global Rare Disease Diagnostics Market highlights that the market is projected to reach $70.69 billion by 2030. The study also highlights that the market is set to witness a CAGR of 8.57% during the forecast period between 2020 and 2030. The global rare disease diagnostics market is expected to grow at a single-digit compound annual growth rate in the forecast period 2020-2030, aided primarily by the impressive growth in the underlying services market.

The study defines the impact of rare diseases on a large section of the world’s population. There are around 7000 rare diseases and for many diseases, limited information is available, thus hampering diagnostics and treatment possibilities. This also makes it difficult to differentiate between clinically similar conditions. Rare diseases have different definitions across different countries. Rare diseases are genetically inherited and are difficult and expensive to diagnose, with few treatment options.

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... 03 Market Data Tables and 172 Figures spread through 226 Pages and an in-depth TOC on "Global Rare Disease Diagnostics Market"

The comprehensive study covers the following:
• Market numbers on micro-segments that are influencing the market 
• More than 200 products present in the market
• Market share analysis for more than 15 companies and study of data of more than 30 companies
• End-user preference data for over 20 end users
• Detailed global and regional market share analysis including the scrutiny of more than 15 countries 

Who Should Buy This Report?
• Manufacturers of sequencing instruments, kits, assays, and consumables
• Companies involved in manufacturing and diagnostics development of kits, assays, and consumables for sequencing
• Companies in the services market such as contract research organization
• Companies involved in developing bioinformatics tools for single-cell data analysis, visualization, sharing, and storage

To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include product type, sample type, end user and market share analysis, application, and region. Each of these segments is further categorized into sub-segments and micro-segments to compile an in-depth study.

View the Report from BIS Research: https://bisresearch.com/industry-report/global-rare-disease-diagnostics-market.html

The premium market intelligence by BIS Research, additionally, throws a spotlight on the opportunities existing in the market, including the high scope for adoption of rare disease diagnostics in emerging nations, increased use of whole genome and whole exome technology solutions for the development of diagnostics kits and assays and comprehensive treatment plan, and requirement for the development of advanced solutions based on next-generation sequencing.
The end user and pricing analysis of the global market includes data analysis on the satisfaction level of different instruments (by brand), pricing analysis, accessories & components, and consumables. The study is majorly centered on the sub-segments and micro-segments of the different product markets, such as consumables, kits, and assays. The consumables are further categorized into kits and reagents.

To emphasize the dominance of the North America segment in the regional segmentation of rare disease diagnostics market in 2020 and 2030, Nitish Kumar Singh, Principal Analyst – BIS Research, states, "North America is the leading contributor in the global rare disease diagnostics market and contributed approximately 32.15% to the global market value in 2019. This region is anticipated dominate the global market in 2030. However, the Asia-Pacific region is expected to grow at an impressive CAGR during the forecast period from 2020 to 2030. The Europe region also contributed a significant share of 27.23% to the global market in 2019.”

Request for a Sample: https://bisresearch.com/requestsample?id=1073&type=download

Key insights are drawn from in-depth interviews with the key opinion leaders of more than 15 leading companies, market participants, and vendors. The key players profiled in the report include Agilent Technologies, Inc., Beijing Genomics Institute (BGI), CENTOGENE AG, Eurofins Scientific SE, Invitae Corporation, Illumina, Inc., Laboratory Corporation of America Holdings, Myriad Genetics, Inc., PerkinElmer, Inc., and Quest Diagnostics Incorporated among others.
The study also offers strategic recommendations that can help organizations in tracking various products, trends, and technologies that are changing the dynamics of the market. The recommendations by BIS Research also offer bespoke research services to help organizations meet their objectives.

How can market intelligence on rare disease diagnostics add value to an organization’s decision-making process?
• Aid in product development
• Help in targeting a segment for launching a new product
• Offer detailed information on the future perspective of the emerging as well as established players
• Offer go-to-market strategies for the different source type
• Support in diversifying the product portfolio based on risk and progression of technology (DNA, RNA, and Analyte)
• Help in analyzing technological substitutes and compare the specification
• Offer tailor-made solutions based on the throughput of different consumers
• Aid in understanding the technology requirement
• Assist in exploring the newer application
• Support in analysing the competitors’ funding scenario
• Support in understanding the involvement of government health organizations such as the National Institute of Health (NIH)
• Aid in understanding the new trends in the industry