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The esoteric testing market will grow at a compound annual growth rate of 11.70% by the end of this decade to reach a value of USD 56,643 million by 2030.

This has a lot to do with the growing incidence of infectious, chronic and rare genetic diseases, along with the increasing population of elderly population.

Moreover, the advent of cutting-edge technologies, like gene sequencing and gene mass spectrometry which allow confident diagnoses and takes care of the diagnostic needs, which are left unmet; and the surge in the count of tests per patient are powering the industry expansion.

The industry is chiefly powered by a surge in the requirement for RT-PCR and ELISA tests because of the increase in the incidence of chronic infections and rare inherited ailments. There is also a substantial increase in the funding from private and public institutions for diagnostic services and tech progressions in esoteric testing.

Moreover, the combination of these techs, detecting nucleic acid rather than protein, is being adopted rapidly because of its shorter analytical time. Its high sensitivity and specifity, together with its semiquantitative capability, offers it a tremendous potential for serving as a powerful tool for detection in numerous industries, for example medical, agriculture and vetinary.

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On the basis of test type, the infectious disease testing category had the largest share, of over 24%, as a result of the increasing requirement for tech advanced molecular diagnosis approaches, itself owing to the growing burden of infectious ailments.

Moreover, the developments in the healthcare infra of emerging countries have led to the large share of the category.

The genetic testing category will grow the fastest in the esoteric testing market, attributable to the proceeding genetic testing technologies, rising number of genetic disorder patients, growing consciousness of genetic testing for cancer screening and prenatal screening, and support of the government for accurate and fast genetic diagnoses.

North America led the industry with a share of approximately 36%, in 2022, and it will grow at a health rate in the years to come, because of the high per capita income and healthcare spending, large population of the elderly people and the patients suffering from chronic diseases, and the existence of the leaders of the market.

Furthermore, the surge in the count of diagnostic tests and tech advancements in esoteric tests are the further key factors, which are helping the growth of the regional industry.

There is a considerable increase in the number of people suffering from genetic, chronic and infectious diseases, and that is why the esoteric market will continue on its merry way.

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