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How has the genetic testing market grown over the years?

In recent times, the genetic testing market has seen significant growth. There is expected to be an increase from $19.1 billion in 2024 to $20.92 billion in 2025, showing a compound annual growth rate (CAGR) of 9.5%. The driving factors behind this growth during the historic period include escalated healthcare spending, a surge in cancer incidences, a rising demand for custom-made medicine, and the appearance of new, infectious diseases.

What Is the forecasted market size and growth rate for the genetic testing market?

The market size for glass manufacturing is anticipated to witness impressive growth over the coming years, expanding to $238.3 billion in 2029 with a compound annual growth rate (CAGR) of 6.2%. The projected growth during the forecasted period could be due to influences such as the evolution of smart glass, energy efficiency and eco-friendly materials, urbanization and infrastructure expansion, an enlarged electronics and displays market, and progress in automotive glass. Furthermore, the expected trends during this period include shifts in customer preferences and decor styles, rising automotive sector, the ability to customize and design flexibility, growth of urbanization and infrastructure, and increasing demand in the electronics and display industry.

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What are the major factors driving growth in the genetic testing market?

The increasing occurrence of genetic disorders is anticipated to drive the growth of the genetic testing market in the future. Genetic disorders encompass a variety of diseases; some present symptoms at birth while others evolve over time. Genetic testing provides a diagnostic tool for genetic complications, as well as a guide to the risk of developing cancer. For instance, a report by the Switzerland-based World Health Organization in 2024 noted that 2%-5% of live births are affected by genetic disorders and congenital abnormalities. Additionally, they account for 30% of pediatric hospital admissions and about 50% of childhood mortality in developed countries. Hence, the escalating occurrence of genetic disorders is stimulating the genetic testing market.

What key areas define the segmentation of the global genetic testing Market?

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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What are the top market players propelling the growth of the genetic testing industry?

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

What are the key trends shaping the future of the genetic testing market?

The popularity of direct-to-consumer genetic tests is emerging as a significant trend in the genetic testing market. These tests, often referred to as at-home DNA tests, are designed to allow individuals to collect their own samples and submit them for analysis in order to understand their genetic predisposition to particular diseases. These at-home tests scrutinize DNA for any gene variations that could potentially increase the risk of specific health problems. For example, DNALabs, a firm based in India specializing in genetic testing solutions aimed at revolutionizing personalized medicine, launched At-Home Genetic Testing Solutions in 2022. With a simple cheek swab using an at-home DNA collection kit provided by DNALabs, people can make knowledgeable choices about their health, whether they are ordinary consumers managing their own well-being or medical professionals developing personalized treatments for their patients.

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What regions are dominating the genetic testing market growth?

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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