2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Factors Are Propelling the Market Growth of theGenotyping Assay Market from 2025 to 2034?

The genotyping assay market is projected to expand due to the increasing incidence of genetic disorders. Genetic disorders, medical conditions caused by abnormalities or mutations in a person’s DNA, can be identified and studied using genotyping assays. These assays compare the DNA of an affected person to that of a healthy person in order to detect any changes, making it possible to detect specific mutations or variations associated with a particular genetic disorder. For instance, in June 2023, The UK-based charity, Gene People, pointed out that one in every 25 children in the UK suffered from a genetic disorder, impacting roughly 30,000 newborns and young children, and more than 2.4 million children and adults annually. Hence, the growing prevalence of genetic disorders is fuelling the expansion of the genotyping assay market.

Genotyping Assay Market Driver: Increase in Personalized Medicine Demand Fuels Genotyping Assay Market Growth

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#What Long-Term Growth Rate is Expected for theGenotyping Assay Market Between 2025 and 2034?

In recent times, there has been a substantial expansion in the market size for genotyping assay. It’s projected to escalate from a staggering $33.98 billion in 2024 to an even higher $41.6 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 22.4%. This phenomenal growth during the historic period is credited to several factors, including the use of traditional glassware, cultural and lifestyle impacts, economical factors, growth in hospitality and foodservice industry, alongside trends in gifts and decor.

Anticipated to experience substantial growth in the upcoming years, the genotyping assay market’s size is predicted to rise to $95.5 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 23.1%. This surge during the forecast period can be associated with factors such as individualization and customization, health and wellness trends, rise in e-commerce, intelligent and functional glassware, and culinary and mixology trends. Notable trends for this forecast period encompass material innovation, creative shapes and designs, smart glassware, specialized beverage glassware, along with health and safety features.

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How Are Market Trends and Innovations Revolutionizing theGenotyping Assay Industry in Recent Times?

In the genotyping assay market, key players are pushing the cutting edge of genomic research through innovations like CE-IVD marked assays, specifically designed to identify treatment-resistant variants of HIV-1. One such product is the Applied Biosystems TaqPath Seq HIV-1 Genotyping Kit, a specialized Sanger sequencing-based assay that analyses positive HIV samples for genetic mutations resisting traditional antiretroviral treatments. Notably, in January 2023, US firm Thermo Fisher Scientific released this CE-IVD marked Applied Biosystems TaqPath Seq HIV-1 Genotyping Kit. The system is not only adept at pinpointing treatment-resistant HIV-1 variants but also offers a suite of unique features, such as genomic mutation analysis and gold-standard Sanger sequencing technology, specifically tailored for clinical application. Applied Biosystems TaqPath Seq HIV-1 Genotyping Kit’s launch brought significant benefits, enhancing detection capabilities for treatment-resistant HIV-1 strains, providing ready-made reagents and controls, meeting regulatory standards, offering high-performance, and seamlessly integrating with existing sequencing platforms and workflows.

Which Key Market Players Are Shaping the Future and Growth of theGenotyping Assay Market?

Major companies operating in the genotyping assay market report are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific, Danaher Corporation, Eurofins Scientific SE, Agilent Technologies Inc., PerkinElmer Inc., Illumina Inc., Bio-Rad Laboratories Inc., Qiagen NV, BGI Genomics, LGC Biosearch Technologies, GenScript Biotech, Inotiv Inc., Promega Corporation, Luminex Corporation, Integrated DNA Technologies Inc., Integrated DNA Technologies Ltd., Sequenom Inc., 23andMe Inc., Novogene Corporation, Oxford Nanopore Technologies PLC, GenMark Diagnostics Inc., Macrogen Inc., Pacific Biosciences of California Inc., Standard BioTools Inc., Genewiz Inc., New England Biolabs, TrimGen Corporation, Xcelris Genomics

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What Are the Core Segments of the Genotyping Assay Market, and How Do They Contribute to Growth?

The genotyping assay market covered in this report is segmented –

1) By Product And Service: Reagents And Kits, Genotyping Services, Instruments, Bioinformatics

2) By Technology: Microarrays, Polymerase Chain Reaction, Sequencing, Capillary Electrophoresis, Matrix-assisted Laser Desorption Or Ionization-Time Of Flight Mass Spectrometry, Other Technologies

3) By End-User: Pharmacogenomics, Personalized Medicine And Diagnostics, Animal Genetics, Agricultural Biotechnology, Research And Diagnostic Laboratories, Academic Institutes

Subsegments:

1) By Reagents And Kits: DNA Extraction Kits, PCR Reagents, SNP Genotyping Kits, Genotyping Services, Genotyping by PCR, Whole Genome Sequencing Services, SNP Genotyping Services

2) By Instruments: PCR Machines, Sequencing Instruments, Microarrays

3) By Bioinformatics: Data Analysis Software, Genotyping Data Management Tools

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What Regions Are Dominating the Genotyping Assay Market Growth?

North America was the largest region in the genotyping assay market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the genotyping assay market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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