Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!

What is the Expected Growth Rate of the DNA Testing Market from 2024 to 2033?

The DNA testing market has seen rapid growth, anticipated to rise from $16.04 billion in 2023 to $17.9 billion in 2024, at a CAGR of 11.6%. Contributing factors include a rise in chronic diseases, demand for precision medicine, increasing direct-to-consumer testing, interest in population genomics, and a growing focus on genetic screening in forensic investigations.

The DNA testing market is projected to grow rapidly, reaching $28.07 billion by 2028, with a CAGR of 11.9%. Growth factors include rising genetic disease incidences, DNA diagnostics usage, healthcare infrastructure expansion, disease prevention awareness, and increased companion diagnostics adoption. Key trends include next-generation sequencing, PCR, preimplantation genetic diagnosis, testing device miniaturization, new DNA testing products, and non-invasive prenatal testing.

Claim Your Free Sample of the Global DNA Testing Market Report Today!

https://www.thebusinessresearchcompany.com/sample.aspx?id=15358&type=smp

What Key Factors Are Fueling the Growth of the DNA Testing Market?

The growing prevalence of genetic disorders is expected to propel the DNA testing market in the future. These disorders result from DNA abnormalities, leading to various health issues. This rise is influenced by increased awareness and improved genetic screening. DNA testing is vital for diagnosis and personalized treatment. For example, the WHO reported in February 2023 that congenital diseases caused an estimated 240,000 infant deaths annually. Therefore, the increasing prevalence of genetic disorders is driving the growth of the DNA testing market.

What Are the Major Segments of the DNA Testing Market?

1) By Product Type: Equipment; Consumables; Software And Services

2) By Technology: Polymerase Chain Reaction (PCR) Based; In-Situ Hybridization; Microarray; Next-Generation Sequencing (NGS) DNA Diagnosis

3) By Application: Newborn DNA Screening; Pre-natal DNA Carrier Screening; Oncology Diagnostics And Histopathology; Pre-implantation Diagnosis; Infectious Disease Diagnostics; Pharmacogenomics Diagnostic Testing; Identify Diagnostics And Forensic; Other Applications

What New Trends Are Transforming the DNA Testing Market?

Major companies in the DNA testing market are advancing solutions like precancer detection tests to improve cancer diagnosis. For instance, in November 2023, Lucid Diagnostics introduced the EsoGuard 2.0, an advanced DNA test for esophageal cancer detection.

Order Now for Fast Delivery of Your DNA Testing Market Report!

https://www.thebusinessresearchcompany.com/report/dna-testing-global-market-report

Which Regions Are Driving Growth in the DNA Testing Market?

North America was the largest region in the DNA testing market in 2023. The regions covered in the DNA testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The DNA Testing Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the dna testing market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The DNA Testing Market Include

1. DNA Testing Market Executive Summary

2. DNA Testing Market Segments

3. DNA Testing Market Size And Template Market Growth Rate

4. Key DNA Testing Market Trends

5. Major DNA Testing Market Drivers

……

25. Key Mergers And Acquisitions In The DNA Testing Market

26. Top DNA Testing Companies

27. DNA Testing Market Opportunities And Strategies

28. DNA Testing Market, Conclusions And Recommendations

29. Appendix

Discover Related Reports by The Business Research Company:

Prenatal DNA Sequencing Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/prenatal-dna-sequencing-global-market-report

Global Viral Vectors & Plasmid DNA Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/viral-vectors-and-plasmid-dna-global-market-report

Recombinant DNA Technology Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/recombinant-dna-technology-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: