Human Genetics Market By Test (NIPT, Carrier Testing, Pharmacogenomic Testing, Karyotype Testing, Thrombophilia Testing, Septin 9 Biomarker Testing, NGS, Others) , By Application (Wellness & E-Commerce, Preventive Medicine, Diagnostic & Treatment) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Human Genetics Market Expected to Garner $71.1 Billion by 2033, Growing at a CAGR of 10.8%
The global human genetics market is expected to grow primarily due to the growing prevalence of genetic disorders and rising application of genetics in oncology, rare diseases, & infectious diseases. The North America region is predicted to witness profitable growth by 2033.
As per the report published by Research Dive, the global human genetics market was valued at $27.0 billion in 2023 and is expected to register a revenue of $71.1 billion by 2033 at a CAGR of 10.8% during the forecast period 2024-2033.
Dynamics of the MarketThe rising prevalence of genetic disorders in newborns, growth in direct-to-consumer genetic testing and personalized genomics, and increasing application of genetics in oncology, rare diseases, & infectious diseases are expected to make the human genetics market a highly profitable one during the forecast period.
However, according to market analysts, concerns about genetic data privacy and potential misuse of genetic information might restrain the growth of the market.
Advances in patterned flow cell technology and expansion of biotechnology & pharmaceutical collaborations in genetic research present significant opportunities for human genetics market growth. Moreover, the development and application of cutting-edge technologies, such as patterned flow cell technology, offer opportunities for more efficient and accurate genetic analysis.
Key Players of the MarketThe major players of the human genetics market include Myriad Genetics, Eurofins Megalab S.A, Synlab Group, Biomarker Technology, Elabscience Biotechnology Inc, Echevarne Laboratory, NIMGenetics, FullGenomics, Sistemas Genómicos, Atrys Health, and GENinCode.
What the Report CoversIn addition to the details highlighted in this description, the comprehensive final report delves into essential market aspects. These encompass a market overview, SWOT analysis, market dynamics, Porter’s five forces analysis, segmentation (key trends, regional analysis, and forecast analysis), and company profiles (including company overview, product portfolio, operating segments, strategic initiatives, and financial performance).
Key Market SegmentsBy TestNIPT
Carrier Testing
Pharmacogenomic Testing
Karyotype Testing
Thrombophilia Testing
Septin 9 Biomarker Testing
NGS
Others
By ApplicationWellness E-Commerce
Preventive Medicine
Diagnostic Treatment
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Rest of LAMEA
Key Market PlayersMyriad Genetics
Synlab Group
Eurofins Megalab S.A.
Biomarker Technologies
Echevarne Laboratory
Elabscience Biotechnology Inc
nimgenetics
Sistemas Genómicos
FullGenomics
GENinCode
atrys health