How the Genetic Testing Market is Positioned for Growth: Trends, Market Size, and Future Opportunities (2025-2034)
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theGenetic Testing Market?
The escalating occurrence of genetic abnormalities is projected to spur the expansion of the genetic testing market in the future. Genetic abnormalities refer to certain conditions that present symptoms at birth, while others emerge over time. Genetic testing offers a means to diagnose a genetic problem and gain data about the possibility of developing cancer. For example, in 2024, a report by the World Health Organization, a Switzerland-based intergovernmental organization, stated that genetic disorders and inborn abnormalities impact 2%-5% of live births and contribute to 30% of hospital admissions of children, causing roughly 50% of childhood fatalities in developed nations. Consequently, the escalating occurrence of genetic abnormalities fuels the growth of the genetic testing market.
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What is the Predicted Annual Growth Rate of theGenetic Testing Market Impact Industry Trends by 2034?
In recent years, the market size of genetic testing has seen robust growth. It is set to expand from $19.1 billion in 2024 to $20.92 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 9.5%. This growth during the historic period is linked to factors such as increased spending on healthcare, a surge in cancer cases, a higher demand for personalized medicine, and the advent of new infectious diseases.
In the upcoming years, the genetic testing market is projected to experience significant expansion, reaching a size of $30.45 billion in 2029, with a compound annual growth rate (CAGR) of 9.8%. The anticipated growth during the forecasted period is linked to factors such as increased government backing, a surge in genetic disorders, an aging population, and a rise in the prevalence of chronic diseases. Notable trends for the forecast period involve the initiation of new initiatives like genetic counselling and informatics programs, which will contribute to the advancement of the future genetic testing landscape, technology advancements, and the debut of direct-to-consumer genetic tests.
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What Key Market Trends and Innovations Are Shaping the Future of theGenetic Testing Industry?
The rising prominence of direct-to-consumer genetic exams is a notable trend within the genetic testing market. These tests, also referred to as at-home DNA tests, allow individuals to collect their samples from the comfort of their homes to evaluate their genetic predisposition to specific ailments. Home-based genetic assessment involves analysis of the person’s DNA to pinpoint any genetic variations that could heighten the risk for developing particular medical conditions. A case in point from 2022 is DNALabs, a company based in India specializing in genetic testing solutions to advance personalized medicine, which launched its At-Home Genetic Testing Solutions. By offering a straightforward cheek swab for their at-home DNA collection kit, DNALabs empowers people, whether they’re consumers wishing to manage their health or healthcare providers aiming to tailor optimal treatments for their patients, to make informed decisions.
Which Companies Are Leading the Charge in Expanding theGenetic Testing Market Growth?
Major companies operating in the genetic testing market include Myriad Genetics Inc, Illumina Inc, Abbott Laboratories, Eurofins Scientific, Danaher Corporation, F. Hoffmann-La Roche Ltd, Quest Diagnostics Incorporated, Qiagen NV, Thermo Fisher Scientific Inc., BioRad Laboratories Inc., BGI, Berry Genomics Co. ltd, Daan Gene Co. Ltd, Annoroad Gene Technology Co. Ltd, WuXi PharmaTech, Igenomix, Circle DNA, Centogene, Curetis, Cytena, Probably Genetic, Genome Biologics, WuXi NextCODE, Genomtec, Testgene, Evogen Lab, Phosphorus, Helix, Sequencing, 10x Genomics, Quantgene, Virica Biotech, DNALabs, Deep Genomics, SGS Mexico, Hologic Inc, 23andMe Inc, Middle East Testing Services L.L.C, Molecular Biology & Genetics Laboratory, Freiburg Medical Laboratory Middle East, IVI MIDDLE EAST FERTILITY CLINIC, Bio Certica
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How is the Global Genetic Testing Market Segemented?
The genetic testing market covered in this report is segmented –
1) By Type: Predictive Testing, Carrier Testing, Prenatal And Newborn Testing, Diagnostic Testing, Pharmacogenomics Testing, Nutrigenomic Testing, Other Types
2) By Technology: Cytogenetic Testing, Biochemical Testing, Molecular Testing
3) By Application: Cancer Diagnosis, Genetic Disease Diagnosis, Cardiovascular Disease Diagnosis, Other Applications
4) By End User: Hospitals And Clinics, Diagnostic Laboratories And Centres, Other End Users
Subsegments:
1) By Predictive Testing: Genetic Risk Assessment, Family History-Based Testing
2) By Carrier Testing: Single Gene Carrier Testing, Expanded Carrier Screening
3) By Prenatal And Newborn Testing: Non-Invasive Prenatal Testing (NIPT), Newborn Screening Tests
4) By Diagnostic Testing: Confirmatory Genetic Testing, Clinical Diagnostic Testing
5) By Pharmacogenomics Testing: Drug Response Testing, Adverse Drug Reaction Testing
6) By Nutrigenomic Testing: Dietary Response Testing, Metabolism Testing
7) By Other Types: Ancestry Testing, Whole Genome Sequencing
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Which Geographics are Influencing the Growth of the Genetic Testing Market?
North America was the largest region in the genetic testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the genetic testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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