Genotyping Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theGenotyping Market?
The escalating incidences of cancer and genetic diseases are anticipated to fuel the expansion of the genotyping market. Cancer encompasses a vast range of diseases that can originate from virtually any organ or tissue within the body, while genetic diseases are conditions primarily or entirely caused by an alteration in the standard sequence of DNA. Genotyping enables scientists to research genetic discrepancies that include single nucleotide variations, copy number variations, and considerable structural updates in DNA. Genotyping, or genetic testing, investigates specific gene mutations (changes) that could increase an individual’s susceptibility to specific cancers. For instance, the World Health Organization, a Swiss-based organization focusing on global health, reported in February 2024 that there were approximately 20 million new cancer cases in 2022, leading to 9.7 million fatalities. Additionally, around 53.5 million people were still alive five years after being diagnosed with cancer. Moreover, Gene People UK, a registered UK charity, reported in February 2023 that it’s estimated that 1 in every 25 children suffers from a genetic condition. This suggests that 30,000 infants and children are newly identified with a genetic disorder annually in the UK, and over 2.4 million children and adults live with a genetic disease. Thus, the surging incidence of cancer and genetic diseases is boosting the genotyping market’s growth.
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What is the Predicted Annual Growth Rate of theGenotyping Market Impact Industry Trends by 2034?
The market size for genotyping has experienced a swift expansion in the past few years. Market projections estimate a surge from $23.04 billion in 2024 to an impressive $26.63 billion in 2025, revealing a compound annual growth rate (CAGR) of 15.6%. This notable growth in the historic period can be ascribed to factors such as government initiatives and funding, the fast-paced reduction in genotyping costs, the widening of biobanks and genetic databases, an increased incidence of genetic disorders, and advancements in pharmacogenomics and drug development.
In the upcoming years, the genotyping market is poised for swift growth, with its size projected to reach $51.43 billion by 2029, growing at a compound annual growth rate (CAGR) of 17.9%. This surge during the forecast period can be attributed to factors such as enhanced utilization in clinical diagnostics, growing popularity of personalized medicine, increase in research and developmental activities, and broadening applications in agriculture and livestock sectors. Notable trends expected during the forecast period include escalating demand for pharmacogenomics, advancements in next-generation sequencing (ngs), growth in precision medicine initiatives, enlargement in direct-to-consumer (dtc) genetic testing, as well as greater emphasis on cancer genomics and personalized treatments.
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Which Cutting-Edge Market Trends Are Expected to Drive theGenotyping Market’s Growth?
The rising popularity of product innovations is a noticeable trend in the genotyping market. Businesses in the genotyping sector are resorting to groundbreaking solutions to maintain their market standing. In particular, Neogen, a food safety firm based in the US, and Gencove Inc., a US-based genome discovery sequencing platform provider, unveiled InfiniSEEK in May 2022. This novel and cost-efficient solution for comprehensive genome sequencing and targeted SNP (single nucleotide polymorphism) analysis is the first of its kind for cattle breeders. Thanks to InfiniSEEK, the sector now possesses the means to responsibly oversee more than 400 bovine genetic aspects and scenarios, unearth fresh elements influencing desirable phenotypes, and reduce selection bias by sequencing a larger or the entire population. The introduction of this unprecedented service gives consumers a cost-effective method loaded with data for profiling cattle worldwide, blending genome-wide sequencing data, specific genetic traits, and parental markers.
What Are the Leading Market Players Impacting theGenotyping Market’s Growth Trend?
Major companies operating in the genotyping market include F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Laboratory Corporation of America Holdings, Eurofins Scientific SE, Agilent Technologies, PerkinElmer Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN NV, BGI Genomics, LGC Biosearch Technologies, GenScript Biotech, Inotiv, Takara Bio Inc., Integrated DNA Technologies Ltd., 23andMe Inc., Novogene Corporation, Oxford Nanopore Technologies, Macrogen Inc., Pacific Biosciences of California, Standard BioTools Inc., GENEWIZ, Transnetyx, Agena Bioscience Inc., Genotypic Technology Pvt Ltd., BMG LABTECH GmbH, Bioline, Biofortuna Limited, Xcelris Genomics
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How Are the Key Segments of the Genotyping Market Driving Opportunities and Innovations?
The genotyping market covered in this report is segmented –
1) By Product And Services: Instruments, Reagents And Kits, Bioinformatics, Genotyping Service
2) By Technology: Microarrays, Capillary Electrophoresis, Sequencing, Polymerase Chain Reaction, Matrix-Assisted Laser Desorption Or Ionization (Maldi-Tof) Mass Spectrometry, Other Technologies
3) By Application: Pharmacogenomics, Diagnostics And Personalized Medicine, Animal Genetics, Agricultural Biotechnology, Other Applications
4) By End-User: Pharmaceutical And Biopharmaceutical Companies, Diagnostics And Research Laboratories, Academic Institutes, Other End-Users
Subsegments:
1) By Instruments: Sequencers, PCR Machines, Microarrays, Genotyping Platforms
2) By Reagents And Kits: DNA Extraction Kits, PCR Reagents, SNP Genotyping Kits, Next-Generation Sequencing (NGS) Kits
3) By Bioinformatics: Data Analysis Software, Genomic Data Management Tools, Cloud-based Solutions
4) By Genotyping Services: Contract Research Organizations (CRO) Services, Custom Genotyping Services, Sample Preparation Services
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theGenotyping Market?# Market Expansion?
North America was the largest region in genotyping market in 2024. The regions covered in the genotyping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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