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Genetic Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 144 pages | ID: G05A62F0243CEN
IMARC Group

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Market Overview:

The global genetic testing market size reached US$ 15.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.0 Billion by 2028, exhibiting a growth rate (CAGR) of 10.37% during 2023-2028.

Genetic testing, or deoxyribonucleic acid (DNA) testing, refers to a medical technique that identifies changes in the chromosome structure or DNA sequence. It includes the collection and analysis of individual blood samples for examining the genetic condition and the chances of developing or passing various inherited disorders in laboratory settings. Genetic testing assists in providing accurate results regarding gene mutation, eliminating the need for unnecessary checkups, and making informed decisions to manage health. At present, genetic testing is commercially available in varying types, such as carrier, diagnostic, predictive, presymptomatic and prenatal testing.

Genetic Testing Market Trends:
The increasing prevalence of genetic and chronic disorders across the growth represents the key factor driving the genetic testing market growth. This is further supported by the implementation of numerous favorable initiatives undertaken by the government bodies and non-governmental organizations (NGOs) for sensitizing masses regarding genetic testing. In line with this, the extensive utilization of genetic testing in pharmacogenomics, or drug-gene testing for examining the response of the body against certain medicines after its interaction with inherited genes, is contributing as another growth-inducing factor. Additionally, the sudden outbreak of coronavirus disease (COVID-19) pandemic has led to the widespread adoption of virtual testing and the home testing kits for sample collection purposes, which, in turn, is contributing to the market growth. The tremendous technological advancements in genetic testing techniques along with the introduction of DTC-GT (Direct-to-consumer genetic testing) kits are further propelling the market growth. Other factors, such as rising investments in the research and development (R&D) activities in the field of medical science, along with the strategic collaboration amongst top players for launching advanced personalized genetic testing kits, are creating a positive outlook for the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global genetic testing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, technology and application.

Breakup by Type:

Predictive and Presymptomatic Testing
Carrier Testing
Prenatal and Newborn Testing
Diagnostic Testing
Pharmacogenomic Testing
Others

Breakup by Technology:

Cytogenetic Testing and Chromosome Analysis
Biochemical Testing
Molecular Testing
DNA Sequencing
Others

Breakup by Application:

Cancer Diagnosis
Genetic Disease Diagnosis
Cardiovascular Disease Diagnosis
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 23andme Inc., Ambry Genetics Corporation (Konica Minolta Healthcare Americas Inc.), Bio-RAD Laboratories Inc., Cepheid (Danaher Corporation), Eurofins Scientific, Illumina Inc., Invitae Corporation, Luminex Corporation (DiaSorin), Myriad Genetics Inc., QIAGEN, Quest Diagnostics and Thermo Fisher Scientific.

Key Questions Answered in This Report:
How has the global genetic testing market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global genetic testing market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global genetic testing market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL GENETIC TESTING MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY TYPE

6.1Predictive and Presymptomatic Testing
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Carrier Testing
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Prenatal and Newborn Testing
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Diagnostic Testing
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5Pharmacogenomic Testing
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6Others
  6.6.1 Market Trends
  6.6.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1Cytogenetic Testing and Chromosome Analysis
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Biochemical Testing
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Molecular Testing
  7.3.1 Market Trends
  7.3.2 Key Segments
    7.3.2.1 DNA Sequencing
    7.3.2.1 Others
  7.3.3 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1Cancer Diagnosis
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Genetic Disease Diagnosis
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3Cardiovascular Disease Diagnosis
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4Others
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.123andme Inc.
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2Ambry Genetics Corporation (Konica Minolta Healthcare Americas Inc.)
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3Bio-RAD Laboratories Inc.
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4Cepheid (Danaher Corporation)
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 SWOT Analysis
  14.3.5Eurofins Scientific
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6Illumina Inc.
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7Invitae Corporation
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
  14.3.8Luminex Corporation (DiaSorin)
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 SWOT Analysis
  14.3.9Myriad Genetics Inc.
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
    14.3.9.4 SWOT Analysis
  14.3.10QIAGEN
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11Quest Diagnostics
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
    14.3.11.4 SWOT Analysis
  14.3.12Thermo Fisher Scientific
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials
    14.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Genetic Testing Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Genetic Testing Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Genetic Testing Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Genetic Testing Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Genetic Testing Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Genetic Testing Market: Competitive Structure
Table 7: Global: Genetic Testing Market: Key Players

LIST OF FIGURES

Figure 1: Global: Genetic Testing Market: Major Drivers and Challenges
Figure 2: Global: Genetic Testing Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Genetic Testing Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Genetic Testing Market: Breakup by Type (in %), 2022
Figure 5: Global: Genetic Testing Market: Breakup by Technology (in %), 2022
Figure 6: Global: Genetic Testing Market: Breakup by Application (in %), 2022
Figure 7: Global: Genetic Testing Market: Breakup by Region (in %), 2022
Figure 8: Global: Genetic Testing (Predictive and Presymptomatic Testing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Genetic Testing (Predictive and Presymptomatic Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Genetic Testing (Carrier Testing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Genetic Testing (Carrier Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Genetic Testing (Prenatal and Newborn Testing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Genetic Testing (Prenatal and Newborn Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Genetic Testing (Diagnostic Testing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Genetic Testing (Diagnostic Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Genetic Testing (Pharmacogenomic Testing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Genetic Testing (Pharmacogenomic Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Genetic Testing (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Genetic Testing (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Genetic Testing (Cytogenetic Testing and Chromosome Analysis) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Genetic Testing (Cytogenetic Testing and Chromosome Analysis) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Genetic Testing (Biochemical Testing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Genetic Testing (Biochemical Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Genetic Testing (Molecular Testing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Genetic Testing (Molecular Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Genetic Testing (Cancer Diagnosis) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Genetic Testing (Cancer Diagnosis) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Genetic Testing (Genetic Disease Diagnosis) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Genetic Testing (Genetic Disease Diagnosis) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Genetic Testing (Cardiovascular Disease Diagnosis) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Genetic Testing (Cardiovascular Disease Diagnosis) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Genetic Testing (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Genetic Testing (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: North America: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: North America: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: United States: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: United States: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Canada: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Canada: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Asia-Pacific: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Asia-Pacific: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: China: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: China: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Japan: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Japan: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: India: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: India: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: South Korea: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: South Korea: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Australia: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Australia: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Indonesia: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Indonesia: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Others: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Others: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Europe: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Europe: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Germany: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Germany: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: France: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: France: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: United Kingdom: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: United Kingdom: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Italy: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Italy: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Spain: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Spain: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Russia: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Russia: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Latin America: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Latin America: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Brazil: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Brazil: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Mexico: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Mexico: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Middle East and Africa: Genetic Testing Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Middle East and Africa: Genetic Testing Market: Breakup by Country (in %), 2022
Figure 82: Middle East and Africa: Genetic Testing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Global: Genetic Testing Industry: SWOT Analysis
Figure 84: Global: Genetic Testing Industry: Value Chain Analysis
Figure 85: Global: Genetic Testing Industry: Porter's Five Forces Analysis


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