Pharmacogenetic Testing Market Forecast 2025-2034: Growth Dynamics, Emerging Trends, and Strategic Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of thePharmacogenetic Testing Market?
The growing demand for personalized medicine is expected to drive the pharmacogenetic testing market. Personalized medicine is increasingly sought after due to its focus on improving treatment outcomes and reducing adverse reactions. Pharmacogenetic testing analyzes genetic factors to tailor treatments to individual patients. The Personalized Medicine Coalition reported that the FDA approved 16 novel personalized therapies in 2023, a significant increase from six in 2022.
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How Will the Growth Rate of thePharmacogenetic Testing Market Impact Industry Trends by 2034?
The pharmacogenetic testing market size has grown from $12.37 billion in 2024 to $14.35 billion in 2025, with a CAGR of 16.1%. This growth is attributed to increasing drug efficacy, the adoption of personalized medicine, precision diagnostics, focus on pharmacogenetic testing, and rising medical expenses.
The pharmacogenetic testing market will grow to $25.77 billion by 2029, at a CAGR of 15.8%. Factors driving this growth include increased biotechnology and healthcare research, higher healthcare spending, the rise of chronic diseases, improved accessibility, and the growth of telemedicine and digital health. Trends include pharmacogenetic testing, advancements in genomic technologies, companion diagnostics, and innovative diagnostic tests.
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What Are the Latest Innovations Influencing thePharmacogenetic Testing Market?
Companies in the pharmacogenetics testing market are developing advanced pharmacogenomics testing services, including prescription-based pharmacogenetic tests, to enhance their market competitiveness. Prescription-based pharmacogenetic testing involves genetic testing ordered by healthcare providers to assess a patient’s genetic makeup before prescribing medications. For example, in May 2023, UCSF, a US-based healthcare company, launched a pharmacogenomics testing service designed to improve medical treatment precision. UCSF’s service helps healthcare providers tailor drug therapies based on individual genetic profiles to optimize drug efficacy, minimize side effects, and promote personalized medicine strategies.
Who Are the Major Industry Players Accelerating Growth in thePharmacogenetic Testing Market?
Major companies operating in the pharmacogenetic testing market are CVS Health Corporation, Thermo Fisher Scientific Inc., Quest Diagnostics Incorporated, Eurofins Scientific Inc., Bio-Rad Laboratories, Precision Medicine Advsiors, Azenta Life Sciences, Fulgent Genetics, Pacific Biosciences of California Inc., Castle Biosciences, 23andMe Holding Co., Helix Inc., Genomind Inc., MD Labs, Sonic Genetics, AutoGenomics Inc., LabClinics SA, Gene By Gene Ltd., Xcode Life Sciences, YouScript, RxGenomix LLC
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Which Primary Segments of the Pharmacogenetic Testing Market Are Driving Growth and Industry Transformations?
The pharmacogenetic testingmarket covered in this report is segmented –
1) By Type: Whole Genome Sequencing, Whole Exome Sequencing, Array-Based Tests, Single Gene Tests
2) By Drug Type: Prescription Drugs, Nutraceuticals, Recreational Drugs, Herbal Supplements, Vitamins, Over-The-Counter Medications
3) By Therapeutic Area: Cardiology, Gastroenterology, Anesthesiology, Genomics, Endocrinology, Immunology And Hypersensitivity, Dermatology, Gynecology, Oncology, Other Therapeutic Areas
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacies, Mail-Order Pharmacies, Direct-to-Customer Services
5) By End User: Healthcare Providers, Pharmaceutical And Biotechnology Companies, Centers And Academic Institutes, Other End Users
Subsegments:
1) By Whole Genome Sequencing: Illumina Sequencing, Ion Torrent Sequencing, Pacific Biosciences Sequencing, Oxford Nanopore Sequencing
2) By Whole Exome Sequencing: Capture-Based Exome Sequencing, Targeted Enrichment Exome Sequencing, Hybridization-Based Exome Sequencing
3) By Array-Based Tests: SNP Array Testing, Expression Array Testing, Copy Number Variation Array Testing
4) By Single Gene Tests: Targeted Gene Panels, Mutation Detection Tests, Sequencing Of Specific Genes
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of thePharmacogenetic Testing Market?# Market?
Asia-Pacific was the largest region in the pharmacogenetic testing market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmacogenetic testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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