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Global Genetic Testing Market Size Study & Forecast, By Type (Carrier Testing, Prenatal and Newborn Testing, Diagnostic Testing, Pharmacogenomic Testing, Predictive and Presymptomatic Testing, Others), By Technology (Cytogenetic testing, Biochemical testing, Molecular testing), By Application (Cancer diagnosis, Genetic disease diagnosis, Others), and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: GD6CE6DDBC89EN
Bizwit Research & Consulting LLP

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Global Genetic Testing Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Genetic testing is a medical test that examines an individual's genes, chromosomes, or proteins to determine if they have a specific genetic condition, are at risk of developing a genetic disorder, or may pass a genetic condition onto their children. It involves analyzing a sample of DNA, typically obtained from blood or saliva. Moreover, the rising prevalence of genetic disorders, growing demand for personalized medicine, and increasing emphasis on early disease detection and prevention are anticipated to create a lucrative demand for the market during the forecast period 2023-2030.

Additionally, genetic testing plays a crucial role in personalized medicine by enabling healthcare providers to tailor treatment plans based on an individual's genetic makeup. As the importance of personalized medicine continues to rise, so does the demand for genetic testing to guide treatment decisions and improve patient outcomes. According to Statista, in 2019, the personalized medicine market was valued at USD 1980 billion and it is anticipated to reach USD 2770 billion in 2022. As a result, the growing personalized medicines demand is anticipated to support the market growth. Moreover, the growing advancements in genetic testing technologies, and cohesive government initiatives aimed at promoting genomic research, improving healthcare infrastructure, and expanding access to genetic testing services are anticipated to create a lucrative opportunity for the market. However, the high cost of genetic testing and the social & ethical implications of genetic testing stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Genetic Testing Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing awareness among healthcare professionals and the general population about the benefits of genetic testing, the rising prevalence of genetic disorders, such as cancer, cardiovascular diseases, and rare genetic conditions, and the growing adoption of precision medicine.

Whereas, the Asia Pacific is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the increasing awareness and adoption of personalized medicine, growing advancements in genomic technologies, supportive government initiatives, increasing investments in healthcare infrastructure, and rising incidence of genetic disorders and chronic diseases in the region.

Major market players included in this report are:

Abbott Laboratories

Luminex Corporation

CSL Limited

Myriad Genetics, Inc.

Qiagen N.V

F. Hoffmann-La Roche Ltd.

Danaher Corporation

Bio-Rad Laboratories, Inc.

Thermo Fisher Scientific, Inc.

Illumina, Inc.

Recent Developments in the Market:
  • In June 2022, Prenetics Group Limited, a prominent figure in genomic and diagnostic testing, unveiled an innovative solution for early detection of colorectal cancer called ColoClear by Circle (ColoClear). This non-invasive screening test can be conveniently conducted at home, marking a significant advancement in identifying the initial indicators of colorectal cancer.
  • In January 2022, Genetic Analysis AS and Thalys Medical Technology Group Corporation forged a collaborative Laboratory Developed Test (LDT) agreement. This partnership aims to assess and pioneer groundbreaking diagnostic solutions tailored to the burgeoning human microbiota market in China.
Global Genetic Testing Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Type, Technology, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Carrier Testing

Prenatal and Newborn Testing

Diagnostic Testing

Pharmacogenomic Testing

Predictive and Presymptomatic Testing

Others

By Technology:

Cytogenetic testing

Biochemical testing

Molecular testing

By Application:

Cancer diagnosis

Genetic disease diagnosis

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Genetic Testing Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Genetic Testing Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Genetic Testing Market, by Technology, 2020-2030 (USD Billion)
  1.2.4. Genetic Testing Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL GENETIC TESTING MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL GENETIC TESTING MARKET DYNAMICS

3.1. Genetic Testing Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising Prevalence of Genetic Disorders
    3.1.1.2. Growing Demand for Personalized Medicine
    3.1.1.3. Increasing Emphasis on Early Disease Detection and Prevention
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Genetic Testing
    3.1.2.2. Social & Ethical Implications of Genetic Testing
  3.1.3. Market Opportunities
    3.1.3.1. Growing Advancements in Genetic Testing Technologies
    3.1.3.2. Cohesive Government Initiatives Aimed at Promoting Genomic Research, and Improving Healthcare Infrastructure

CHAPTER 4. GLOBAL GENETIC TESTING MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL GENETIC TESTING MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Genetic Testing Market by Type, Performance - Potential Analysis
5.3. Global Genetic Testing Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Genetic Testing Market, Sub Segment Analysis
  5.4.1. Carrier Testing
  5.4.2. Prenatal and Newborn Testing
  5.4.3. Diagnostic Testing
  5.4.4. Pharmacogenomic Testing
  5.4.5. Predictive and Presymptomatic Testing
  5.4.6. Others

CHAPTER 6. GLOBAL GENETIC TESTING MARKET, BY TECHNOLOGY

6.1. Market Snapshot
6.2. Global Genetic Testing Market by Technology, Performance - Potential Analysis
6.3. Global Genetic Testing Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
6.4. Genetic Testing Market, Sub Segment Analysis
  6.4.1. Cytogenetic testing
  6.4.2. Biochemical testing
  6.4.3. Molecular testing

CHAPTER 7. GLOBAL GENETIC TESTING MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Genetic Testing Market by Application, Performance - Potential Analysis
7.3. Global Genetic Testing Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Genetic Testing Market, Sub Segment Analysis
  7.4.1. Cancer diagnosis
  7.4.2. Genetic disease diagnosis
  7.4.3. Others

CHAPTER 8. GLOBAL GENETIC TESTING MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Genetic Testing Market, Regional Market Snapshot
8.4. North America Genetic Testing Market
  8.4.1. U.S. Genetic Testing Market
    8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Technology breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Genetic Testing Market
8.5. Europe Genetic Testing Market Snapshot
  8.5.1. U.K. Genetic Testing Market
  8.5.2. Germany Genetic Testing Market
  8.5.3. France Genetic Testing Market
  8.5.4. Spain Genetic Testing Market
  8.5.5. Italy Genetic Testing Market
  8.5.6. Rest of Europe Genetic Testing Market
8.6. Asia-Pacific Genetic Testing Market Snapshot
  8.6.1. China Genetic Testing Market
  8.6.2. India Genetic Testing Market
  8.6.3. Japan Genetic Testing Market
  8.6.4. Australia Genetic Testing Market
  8.6.5. South Korea Genetic Testing Market
  8.6.6. Rest of Asia Pacific Genetic Testing Market
8.7. Latin America Genetic Testing Market Snapshot
  8.7.1. Brazil Genetic Testing Market
  8.7.2. Mexico Genetic Testing Market
8.8. Middle East & Africa Genetic Testing Market
  8.8.1. Saudi Arabia Genetic Testing Market
  8.8.2. South Africa Genetic Testing Market
  8.8.3. Rest of Middle East & Africa Genetic Testing Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Abbott Laboratories
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Luminex Corporation
  9.3.3. CSL Limited
  9.3.4. Myriad Genetics, Inc.
  9.3.5. Qiagen N.V
  9.3.6. F. Hoffmann-La Roche Ltd.
  9.3.7. Danaher Corporation
  9.3.8. Bio-Rad Laboratories, Inc.
  9.3.9. Thermo Fisher Scientific, Inc.
  9.3.10. Illumina, Inc.

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Genetic Testing Market, report scope
TABLE 2. Global Genetic Testing Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Genetic Testing Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Genetic Testing Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 5. Global Genetic Testing Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Genetic Testing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Genetic Testing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Genetic Testing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Genetic Testing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Genetic Testing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Genetic Testing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Genetic Testing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Genetic Testing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Genetic Testing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Genetic Testing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Genetic Testing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Genetic Testing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of Global Genetic Testing Market
TABLE 71. List of primary sources, used in the study of Global Genetic Testing Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Genetic Testing Market, research methodology
FIG 2. Global Genetic Testing Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Genetic Testing Market, key trends 2022
FIG 5. Global Genetic Testing Market, growth prospects 2023-2030
FIG 6. Global Genetic Testing Market, porters 5 force model
FIG 7. Global Genetic Testing Market, pest analysis
FIG 8. Global Genetic Testing Market, value chain analysis
FIG 9. Global Genetic Testing Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Genetic Testing Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Genetic Testing Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Genetic Testing Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Genetic Testing Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Genetic Testing Market, regional snapshot 2020 & 2030
FIG 15. North America Genetic Testing Market 2020 & 2030 (USD Billion)
FIG 16. Europe Genetic Testing Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Genetic Testing Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Genetic Testing Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Genetic Testing Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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