National Headlines

Genetic Testing Market Sizzles with 10 New Tests Daily

Market surge driven by technology, demand and industry investment

  • By Christopher Cheney, HealthLeaders Media

 

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Since the mapping of the human genome 15 years ago, the number of genetic tests has accelerated rapidly, with 75,000 tests now on the market and about 10 new tests marketed every day, found a study in Health Affairs. Nearly 14,000 tests have come on the market since March 2014, researchers wrote in a study in Health Affairs. The team focused on data from 2014 to 2017, including a test catalog database and a commercial payer database with 1.7 million claims for genetic tests. The authors said that the rapid growth in the development of genetic tests and spending on genetic tests is the result of the following multiple forces converging:

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SOURCE: https://www.medpagetoday.com/genetics/genetictesting/72837?xid=nl_mpt_DHE_2018-05-14&eun=g735714d0r&pos=1&utm_source=Sailthru&utm_medium=email&utm_campaign=Daily%20Headlines%202018-05-14&utm_term=Daily%20Headlines%20-%20Active%20User%20-%20180%20days

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