Comprehensive Analysis of the Single Nucleotide Polymorphism (SNP) Genotyping Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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What is the Projected Compound Annual Growth Rate (CAGR) of the Single Nucleotide Polymorphism (SNP) Genotyping Market from 2025 to 2034, and What Factors Influence It?
The single nucleotide polymorphism (SNP) genotyping market has expanded at an exponential rate. It is projected to grow from $10.3 billion in 2024 to $12.37 billion in 2025, reflecting a CAGR of 20.1%. The historical growth was driven by increased genomic research, a rise in genetic disorders, the expansion of personalized medicine, the growth of the pharmaceutical industry, and the rising demand for molecular diagnostics.
The single nucleotide polymorphism (SNP) genotyping market is expected to witness rapid expansion, reaching $24.95 billion by 2029 at a CAGR of 19.2%. Growth factors include increasing applications in disease research, the rise of precision medicine, expansion of biobanking initiatives, higher demand for genetic testing, and adoption in agriculture for crop enhancement. Notable trends include next-generation sequencing (NGS) advancements, SNP genotyping in pharmacogenomics, the emergence of direct-to-consumer genetic testing, automation in genotyping, and the rise of high-throughput platforms.
Which Macro and Microeconomic Factors Are Accelerating the Growth of the Market?
The increasing burden of chronic conditions is expected to fuel the growth of the single nucleotide polymorphism (SNP) genotyping market in the coming years. Chronic conditions are health issues lasting a year or more, requiring ongoing medical treatment and limiting daily activities. SNP genotyping is vital for identifying genetic predispositions and promoting personalized medicine due to the rising prevalence of chronic diseases. For example, in June 2024, the Australian Institute of Health and Welfare, an Australia-based government agency, reported that the death rate linked to chronic conditions increased from 459 deaths per 100,000 individuals in 2021 to 490 deaths per 100,000 individuals in 2022. Consequently, the increasing burden of chronic conditions is driving the growth of the single nucleotide polymorphism (SNP) genotyping systems market.
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Who Are the Leading Players Fueling Growth in the Single Nucleotide Polymorphism (SNP) Genotyping Market?
Major companies operating in the single nucleotide polymorphism (SNP) genotyping market include:
• Thermo Fischer Scientific Inc._x000D_
• Danaher Corporation_x000D_
• Roche Diagnostics Corporation_x000D_
• GE HealthCare Technologies Inc._x000D_
• Eurofins Genomics LLC_x000D_
What Are the Emerging Trends Shaping the Future of the Single Nucleotide Polymorphism (SNP) Genotyping Market?
Technological solutions are emerging as a key trend in the single nucleotide polymorphism (SNP) genotyping market, with major companies introducing advanced innovations to maintain their market presence. For instance, in May 2022, Neogen Corporation, a US-based food safety company specializing in solutions for agriculture, animal protein, food, and beverage industries, partnered with Gencove, a US-based sequencing solutions provider, to launch InfiniSEEK. This is the first fully integrated genome and genotyping tool designed for cattle breeders. InfiniSEEK’s validation indicates that low-pass genome-wide sequencing is over 99% concordant with deep whole-genome sequencing, delivering even higher clinical-grade accuracy in specific areas of interest.
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What Are the Major Segments of the Single Nucleotide Polymorphism (SNP) Genotyping Market and Their Role in Driving Growth?
The single nucleotide polymorphism (SNP) genotyping market covered in this report is segmented –
1) By Product: Consumables, Instruments, Services
2) By Technology: TaqMan SNP Genotyping, Mass Array SNP Genotyping, SNP Gene Chip Arrays, Other Technologies
3) By Application: Animal Genetics, Plant Improvement, Diagnostic Research, Pharmaceuticals And Pharmacogenomics, Agricultural Biotechnology, Other Applications
Subsegments:
1) By Consumables: Reagents And Kits, DNA Probes, Microarrays
2) By Instruments: SNP Genotyping Platforms, Sequencers, PCR Machines
3) By Services: SNP Genotyping Services, Data Analysis Services, Consultation Services
Which Regions Are Driving Growth in the Single Nucleotide Polymorphism (SNP) Genotyping Market?
North America was the largest region in the single nucleotide polymorphism (SNP) genotyping market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the single nucleotide polymorphism (SNP) genotyping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Defines the Scope of the Single Nucleotide Polymorphism (SNP) Genotyping Market?
Single nucleotide polymorphism (SNP) genotyping refers to a procedure that locates and describes genetic variants at the level of specific DNA nucleotides. It identifies individual SNPs, which are single-base changes in DNA sequences, and it is essential for understanding the genetic variations linked to diseases, traits, and population studies.
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