Discover trends, market shifts, and competitive outlooks for the genetic testing services industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Has The Genetic Testing Services Market Growth Evolved From 2024 To 2025, And What’s Ahead?

The market size of genetic testing services has seen a quick expansion in the last few years. It is forecasted to rise from $19.19 billion in 2024 to $21.42 billion in 2025, showing a compound annual growth rate (CAGR) of 11.6%. Factors contributing to the growth observed in the historic period include the rising need for personalized and precision medicine, the escalating occurrence of genetic conditions, the surge in demand for prenatal testing during pregnancy, population growth, and greater awareness and education.

We anticipate a significant surge in the market size of genetic testing services in the coming years. A growth to $32.77 billion is expected by 2029, showing a compound annual growth rate (CAGR) of 11.2%. This growth during the forecast period is due to rising demand for non-invasive prenatal testing (NIPT), the emergence of pharmacogenomics, an increased emphasis on preventive healthcare, the rise of direct-to-consumer (DTC) testing, and a focus on rare diseases with personalized therapies. Some notable trends during this forecast period include the advent of artificial intelligence (AI) and machine learning, enhancements in easy-to-use test kits and digital platforms, advancements in next-generation sequencing, microarray analysis, polymerase chain reaction (PCR), and an improved healthcare infrastructure.

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What Are the Primary Drivers Supporting the Market Growth of the Genetic Testing Services Market?

The upsurge in genetic ailments is being predicted to drive the expansion of the genetic testing services market. Genetic diseases result from anomalies in an individual’s DNA, resulting in physical or developmental irregularities. Elevated awareness, improved diagnostic methodologies, extended genetic screening, and the increasing pattern of intrafamily marriages within certain societies could all contribute to the heightened incidence of genetic disorders. Genetic testing services are becoming more recognized in the discovery, prognosis, and therapeutic decision-making for people suffering from genetic disorders, enabling customized healthcare and family preparation strategies built on an individual’s genetic composition. For example, the World Health Organization, a UN-based Swiss unit devoted to global public health, reported in February 2023 that congenital conditions are responsible for roughly 240,000 infant fatalities worldwide annually within the first 28 days of life. Furthermore, based on data from the Centers for Disease Control and Prevention, a US government organization, approximately 6,000 American children are born each year afflicted with Down syndrome, translating to about one in every 700 babies. As such, the rising incidence of genetic disorders is fueling the genetic testing services market’s growth.

How Is the Genetic Testing Services Market Segmented?

The genetic testing services market covered in this report is segmented –

1) By Type: Predictive Testing, Carrier Testing, Prenatal Testing, Newborn Screening, Other Types

2) By Disease: Cancer Disease, Metabolic Disease, Cardiovascular Disease, Other Diseases

3) By End User: Diagnostic Laboratories, Hospitals And Clinics, Academic Institutes And Research Centers, Other End Users

Subsegments:

1) By Predictive Testing: Cancer Predisposition Testing, Heart Disease Risk Testing, Neurological Disorder Risk Testing, Other Predictive Tests

2) By Carrier Testing: Carrier Screening For Single-Gene Disorders, Carrier Screening For Multifactorial Conditions, Carrier Screening For Inherited Genetic Conditions, Other Carrier Tests

3) By Prenatal Testing: Non-Invasive Prenatal Testing (NIPT), Amniocentesis, Chorionic Villus Sampling (CVS), Ultrasound-Combined Genetic Testing, Other Prenatal Tests

4) By Newborn Screening: Metabolic Disorder Screening, Genetic Disorder Screening, Hearing Loss Screening, Endocrine Disorder Screening, Other Newborn Screening Tests

5) By Other Types: Pharmacogenetic Testing, Forensic Genetic Testing, Ancestry And Genetic Genealogy Testing, Paternity Testing, Other Specialized Genetic Tests

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Which Regions Are Key Players in the Growth of the Genetic Testing Services Market?

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

What Key Trends Are Shaping the Future of the Genetic Testing Services Market?

Key players in the genetic testing services market are emphasizing on the creation of advanced technologies like cancer screening tests to boost precision, augment testing facilities, and improve patient outcomes overall. Cancer screening tests are systematic, regular exams conducted on asymptomatic individuals to detect early indications of cancer. The goal of these tests is to discover cancer or precancerous conditions before symptoms appear, thereby increasing the effectiveness of treatments. For instance, Prenetics Group Limited, a diagnostic and genetic testing company based in Hong Kong, introduced ColoClear – a non-invasive stool DNA test in Hong Kong, in June 2022. ColoClear, a highly sensitive screening approach for detecting early signs of colorectal cancer, merges advanced stool DNA technology with a fecal immunochemical test (FIT), offering a convenient and efficient colonoscopy alternative. In clinical trials, ColoClear demonstrated a 96% sensitivity in colorectal cancer detection and 64% for advanced adenoma detection.

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How Is the Genetic Testing Services Market Defined and What Are Its Core Parameters?

Genetic testing services refers to analyzing an individual’s DNA to identify variations or mutations that could indicate disease risk, ancestry, or other genetic traits. These services typically offer insights into potential health conditions, ancestry, and personalized recommendations based on genetic predispositions, often facilitating informed medical decisions and lifestyle choices.

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