Precision Business Insights has published a report on the global rare disease diagnostics market, estimating its value at USD 1,007.4 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 12.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/rare-disease-diagnostics-market
The rare illness diagnostics market includes the development and implementation of specialized tests, technologies, and services targeted at diagnosing rare medical disorders, which generally afflict fewer than 200,000 people in the United States or fewer than one in every 2,000 in the European Union. These disorders usually cause complicated symptoms and are commonly misdiagnosed or undetected due to a lack of clinical knowledge and diagnostic infrastructure.
Drivers:
- Growing research collaborations: Public-private partnerships and disease registries improve data sharing and early detection.
- Government and nonprofit initiatives: Increased funding, awareness campaigns, and global sequencing projects are accelerating innovation.
The global rare disease diagnostics market segmentation:
1) By Disease: Neurological Disorders, Immunological Disorders, Haematology Diseases, Endocrine & Metabolism Diseases, Cancer, Musculoskeletal Disorders, Cardiovascular Disorders, Dermatology Diseases, and Other Rare Diseases
2) By Technology: Next Generation Sequencing, Array Technology, PCR-based Testing, FISH, Sanger Sequencing, and Karyotyping
3) By Specialty: Molecular Genetic Tests, Chromosomal Genetic Tests and Biochemical Genetic Tests
4) By End Use: Research Laboratories & CROs, Hospitals & Clinics and Diagnostic Laboratories
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Regional Overview:
The report also examines the current concerns and their Future Effects on the rare disease diagnostics market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the rare disease diagnostics market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Quest Diagnostics, Inc., Centogene N.V., Invitae Corp., 3billion, Inc., Arup Laboratories, Eurofins Scientific, Strand Life Sciences, Ambry Genetics, Perkin Elmer, Inc., Macrogen, Inc., Baylor Genetics, Color Genomics, Inc., Health Network Laboratories
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