Genetic Testing

Global Genetic Testing Market to Reach US$26.4 Billion by 2030

The global market for Genetic Testing estimated at US$15.0 Billion in the year 2024, is expected to reach US$26.4 Billion by 2030, growing at a CAGR of 9.9% over the analysis period 2024-2030. Cancer, one of the segments analyzed in the report, is expected to record a 9.7% CAGR and reach US$13.6 Billion by the end of the analysis period. Growth in the Genetic Disease segment is estimated at 10.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.0 Billion While China is Forecast to Grow at 11.9% CAGR

The Genetic Testing market in the U.S. is estimated at US$6.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 11.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.3% and 10.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.

Global Genetic Testing Market - Key Trends & Drivers Summarized

What Is Genetic Testing and How Does It Impact Healthcare?
Genetic testing involves analyzing DNA sequences to identify changes in genes, chromosomes, or proteins that could indicate the presence of or risk for developing genetic disorders. This type of testing has revolutionized the medical field by enabling early diagnosis and personalized treatment plans for a wide array of diseases, including cancers, cardiovascular diseases, and rare genetic disorders. By identifying specific genetic mutations, healthcare providers can tailor treatments to individual patients, enhancing treatment efficacy and potentially reducing side effects. Genetic testing also plays a pivotal role in prenatal screening, carrier screening, and in predicting an individual’s risk of developing certain diseases.

What Technological Advancements Are Shaping Genetic Testing?
The field of genetic testing has been profoundly impacted by advancements in genomic technologies, particularly next-generation sequencing (NGS) and CRISPR. NGS allows for the rapid sequencing of entire genomes at a fraction of the cost and time previously required. This technology has not only expanded the accessibility of genetic testing but also improved the accuracy and reliability of the results. Meanwhile, CRISPR technology, known for its gene-editing capabilities, is being explored for its potential to correct genetic defects before they can lead to disease. Additionally, improvements in bioinformatics and the integration of artificial intelligence have enhanced the ability to analyze and interpret large sets of genetic data, providing more detailed and actionable insights.

How Are Regulatory and Ethical Considerations Influencing the Genetic Testing Market?
The genetic testing market is heavily influenced by regulatory and ethical considerations. As genetic testing becomes more commonplace, issues such as privacy, consent, and access to genetic information have prompted governments worldwide to establish strict guidelines and regulations. These regulations aim to protect individuals from genetic discrimination and ensure that genetic data is handled with confidentiality and integrity. Furthermore, ethical concerns regarding how genetic testing is used—for example, in prenatal screening or for determining the likelihood of developing late-onset diseases—continue to shape public policy and influence consumer acceptance and trust in genetic testing services.

What Drives the Growth in the Genetic Testing Market?
The growth in the genetic testing market is driven by several factors, including the increasing prevalence of genetic disorders, technological advancements in genetics, and a growing awareness of the benefits of early disease detection and prevention. The expansion of direct-to-consumer genetic testing kits has also significantly contributed to market growth, as more individuals take proactive steps towards understanding their genetic health. Additionally, healthcare systems are increasingly adopting personalized medicine practices, which rely heavily on genetic insights to craft individualized treatment plans. Moreover, ongoing research and development activities, supported by funding from governments and private entities, are continually uncovering new applications for genetic testing, further broadening the market`s scope.

SCOPE OF STUDY:

The report analyzes the Genetic Testing market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Prenatal & Newborn, Diagnostic, Predictive & Presymptomatic, Carrier, Pharmacogenomic, Other Types); Application (Cancer, Genetic Disease, Cardiovascular Disease, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 249 Featured) -

• Agilent Technologies, Inc.
• Asuragen, Inc.
• Biocartis NV
• Agena Bioscience, Inc.
• ARUP Laboratories
• Bioiberica SAU
• AutoGenomics, Inc.
• Biodesix, Inc.
• Admera Health
• Annoroad Gene Technology
• Berry Genomics Co., Ltd.
• Ariel Precision Medicine, Inc.
• AlphaBiolabs Ltd.
• AnchorDx
• Alexian Brothers of America, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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