U.S. Hereditary Genetic Testing Market: Focus on Product, Sample Type, Application Area, and Genetic Testing Type - Analysis and Forecast, 2022-2032
U.S. Hereditary Genetic Testing Market Overview
The U.S. hereditary genetic testing market was valued at $7.57 billion in 2021 and is expected to grow with a CAGR of 13.09% and reach $29.28 billion by 2032. The growth in the U.S. hereditary genetic testing market is expected to be driven by growing demand for early and preventive care and increasing prevalence and associated disease burden related to various cancer, among others.
Market Lifecycle Stage
The U.S. hereditary genetic testing market appears to be highly dynamic at the moment, with companies focusing on the adoption of advanced technologies in order to cater to the demand of processing large data as well as efforts to make genetic testing reach a larger population.
Market Segmentation
Segment 1: by Product
1. Services
2. Kits
3. Consumables
4. Others
Among the product segment, the services segment in the U.S. hereditary genetic testing market occupies the largest share of the market and is expected to dominate in the coming years as well. This is because companies are actively providing services to hereditary testing laboratories in addition to providing genetic testing kits and consumables.
Segment 2: by Sample
1. Blood
2. Saliva
3. Tumor Tissue
4. Bone Marrow
5. Other Sample Types
Among the sample segment, blood samples are majorly used for conducting hereditary genetic testing in the U.S.
Segment 3: by Application Area
1. Clinical Diagnostics
2. Academics and Research
3. Drug Discovery
4. Monitoring and Screening
Among application area, all the four sub-segments constitute an almost equal share in the U.S. hereditary genetic testing market. However, drug discovery currently occupies a relatively major share, and the share of academics and research is expected to increase in the coming years.
Recent Developments in the U.S. Hereditary Genetic Testing Market
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