Growth, Trends, and Opportunities in the Hereditary Genetic Testing Market: Key Insights for the Next Decade
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How Rapidly is the Hereditary Genetic Testing Market Expected to Expand Between 2025 and 2034 Based on Current Trends?
The size of the hereditary genetic testing market has markedly expanded in the past few years. It is projected to escalate from $21.47 billion in 2024 to $23.88 billion in 2025, showcasing a compound annual growth rate (CAGR) of 11.3%. The significant growth during the historic period is driven by an increased occurrence of genetic diseases, advancements in healthcare informatics, the rise of telemedicine, intensifying awareness campaigns, and the proliferation of genetic testing platforms.
The market value for hereditary genetic testing is forecasted to experience accelerated growth in the coming years. It’s projected to reach a valuation of $36.23 billion in 2029, growing at a compound annual growth rate (CAGR) of 11.0%. The anticipated expansion in this period can be related to the increasing cases of cancer, escalating incidences of genetic disorders, growing demand for diagnostic procedures, enhanced acceptance of personalized medicine, and a rising number of clinical trials. The major developments predicted in this timeframe are technological innovations, whole-genome sequencing, the integration of genetic data, personalized medicine, and non-invasive prenatal testing.
What Strategic Factors Are Influencing the Accelerated Growth of the Hereditary Genetic Testing Market?
The hereditary genetic testing market’s expansion is anticipated to be boosted by the rising incidence of cancer. This term refers to a series of diseases characterized by abnormal cellular growth that can metastasize or infiltrate other body parts. Among the factors contributing to the rising cancer prevalence are changing lifestyles, an aged population, environmental pollutants, genetic propensity, and advancements in diagnosing techniques. Hereditary genetic testing can play a crucial role in cancer prevention as it identifies genetic alterations linked to increased risk, thus enabling appropriate surveillance and preventative measures in advance. For example, data from the Australian Institute of Health and Welfare, a government agency based in Australia, revealed that cancer diagnosis cases increased from 156,781 in 2021 to 160,570 in 2022 in Australia, which indicates a year-on-year increase. Therefore, the escalating incidence of cancer is seen as a primary driver for the continued growth of the hereditary genetic testing market.
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Which Key Players Are Shaping the Future of the Hereditary Genetic Testing Market?
Major companies operating in the hereditary genetic testing market are:
• F. Hoffmann-La Roche Ltd.
• Thermo Fisher Scientific Inc.
• Abbott Laboratories
• Amgen Inc.
• Laboratory Corporation of America Holdings
How Are the Latest Trends Influencing the Growth of the Hereditary Genetic Testing Market?
Leading businesses in the hereditary genetic testing market are concentrating their efforts towards the creation of innovative genomic solutions such as multi-cancer multigene panels. These solutions are designed to bolster early detection and tailored treatment options. Through simultaneous analysis of various genes, multi-cancer multigene panels can identify genetic mutations linked to different types of cancers, thus providing a pathway towards timely diagnosis and patient-specific treatment. As an example, in February 2024, US-based company Exact Sciences Corporation, which offers cancer screening and diagnostic tests, introduced the Riskguard hereditary cancer test. The Riskguard test generates a personalized overview of gene-specific cancer risks and family cancer histories from a single blood or saliva sample for ten prevalent cancers. This facilitates a deeper understanding of cancer risk, guides screening and treatment protocols, and evaluates familial risk. It also assists in customizing treatment for patients who have already been diagnosed with cancer and improves risk stratification for those with a familial cancer history by revealing actionable gene variations.
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What Are the Major Segments of the Hereditary Genetic Testing Market and Their Role in Driving Growth?
The hereditary genetic testing market covered in this report is segmented –
1) By Type: Predictive And Presymptomatic Testing, Carrier Testing, Prenatal And Newborn Testing, Diagnostic Testing, Pharmacogenomic Testing, Other Types
2) By Technology: Cytogenetic Testing, Biochemical Testing, Molecular Testing
3) By Clinical Application: Cancer Genetic Testing, Cardiovascular Genetic Testing, Neurological Genetic Testing, Rare Diseases Genetic Testing
4) By End User: Hospitals And Clinics, Diagnostic Laboratories, Research Institutes, Direct To Consumer (DTC) Genetic Testing Companies
Subsegments:
1) By Predictive and Presymptomatic Testing: Genetic Testing For Disease Risk Prediction, Testing For Inherited Cancer Risks, Cardiovascular Disease Risk Testing, Neurodegenerative Disease Risk Testing
2) By Carrier Testing: Testing For Inherited Genetic Disorders, Genetic Screening For Autosomal Recessive Diseases, Testing For Carrier Status Of Inherited Conditions
3) By Prenatal and Newborn Testing: Non-Invasive Prenatal Testing (NIPT), Amniocentesis and Chorionic Villus Sampling (CVS), Newborn Screening For Genetic Disorders, Preconception Genetic Screening
4) By Diagnostic Testing: Genetic Testing For Confirming Suspected Genetic Disorders, Testing For Inherited Syndromes and Congenital Diseases, Diagnostic Testing For Cancer and Tumor Profiling
5) By Pharmacogenomic Testing: Genetic Testing For Drug Response And Efficacy, Testing For Drug Sensitivities and Side Effects, Personalized Medicine and Treatment Optimization
6) By Other Types: Genetic Testing For Wellness And Lifestyle, Genetic Testing For Ancestry And Genealogy, Research-Oriented Genetic Testing
What Regions Are At the Forefront of Hereditary Genetic Testing Market Expansion?
North America was the largest region in the hereditary genetic testing market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the hereditary genetic testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Can We Define the Hereditary Genetic Testing Market and Its Key Components?
Hereditary genetic testing is a medical test that examines deoxyribonucleic acid (DNA) to identify inherited gene mutations that may cause disease. It helps determine an individual’s risk of developing certain genetic conditions passed down from parents to children. This testing is often used for conditions such as cancer, heart disease, and rare inherited disorders.
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