Growth Opportunities and Trends in the Genotyping Market: Key Insights for 2025-2034
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How has the genotyping market size evolved in recent years?
The market size of genotyping has witnessed a significant expansion in the recent past. There will be a surge from $23.04 billion in 2024 to $26.63 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 15.6%. The remarkable growth observed during the historic period is the result of government endeavours and funding, a fast drop in genotyping expenses, the growth of biobanks and genetic databases, an increased occurrence of genetic disorders, and advancements in pharmacogenomics and drug development.
What are the predictions for the genotyping market size in the coming years?
The genotyping market is slated for swift expansion in the upcoming years, ballooning to an impressive $51.43 billion by 2029, reflecting a compound annual growth rate (CAGR) of 17.9%. Several factors are propelling growth during the forecasted period, including a surge in usage in clinical diagnostics, a rising appetite for personalized medicine, an increase in research and development undertakings, and a widening range of applications in the agricultural and livestock sectors. Notable trends to watch out for during this period include an escalating demand for pharmacogenomics, the evolution of next-generation sequencing (ngs), burgeoning initiatives in precision medicine, a surge in direct-to-consumer (dtc) genetic testing, and a focus on cancer genomics and tailor-made therapies.
Get your genotyping market report here!
https://www.thebusinessresearchcompany.com/report/genotyping-global-market-report
What key factors are fueling the growth of the genotyping market?
The genotyping market is set for accelerated growth, given the increasing instances of cancer and genetic disorders. Cancer is a wide-ranging group of diseases that can initially originate anywhere in the body’s organs or tissues, whereas genetic disorders are conditions that arise fully or partly due to deviations from the normal DNA sequence. Genotyping allows scientists to explore genetic differences such as single nucleotide variations, copy number variations, and significant structural alterations in DNA. Genetic testing, another term for genotyping, searches for particular gene mutations that might heighten an individual’s susceptibility to certain types of cancer. For example, the World Health Organization reported in February 2024, that around 20 million new cancer cases were recorded in 2022, leading to 9.7 million fatalities. At the same time, about 53.5 million people were still alive five years post their cancer diagnosis. In addition, in February 2023, Gene People UK estimated that one out of every 25 children is affected by a genetic condition, indicating that 30,000 babies and children are newly diagnosed in the UK each year and over 2.4 million children and adults suffer from a genetic disorder. Given these statistics, the escalating occurrence of cancer and genetic disorders is catalyzing the expansion of the genotyping market.
How is the global genotyping market divided into key segments?
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
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12059&type=smp
Who are the key firms paving the way for growth in the genotyping market?
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
Which trends are expected to transform the genotyping market?
One of the main trends emerging in the genotyping market is the introduction of innovative products. To maintain a competitive edge, market firms are incorporating groundbreaking solutions. A prime example of such an initiative is Neogen, a US food safety firm, and Gencove Inc., a US-based genome discovery sequencing platform provider, launching InfiniSEEK in May 2022. This represents a revolutionary and budget-friendly approach to whole genome sequencing and targeted SNP (single nucleotide polymorphism) analysis. It is the first genotyping and whole-genome sequencing resolution introduced for cattle breeders. With InfiniSEEK, over 400 bovine genetic features and conditions can be managed reliably, unknown factors affecting desirable phenotypes can be identified, and selection bias can be reduced by sequencing either more or the entire population. The introduction of this unparalleled service provides the market with a wealth of data and cost-efficient mode of profiling cattle globally by amalgamating genome-wide sequencing data, distinctive genetic characteristics, and markers of parentage.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12059
What regions are contributing significantly to the growth of the genotyping market?
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.
Browse Through More Similar Reports By The Business Research Company:
Autonomous Trains Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/autonomous-trains-global-market-report
Powertrain And Powertrain Parts Global Market Report 2020
Motor Vehicle Engine, Power Train & Parts Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
