Global Predictive Genetic Testing and Consumer Genomics Market to Reach $20.7 Billion by 2030
The global market for Predictive Genetic Testing and Consumer Genomics estimated at US$8.2 Billion in the year 2023, is expected to reach US$20.7 Billion by 2030, growing at a CAGR of 14.1% over the analysis period 2023-2030. Predictive Testing, one of the segments analyzed in the report, is expected to record a 14.1% CAGR and reach US$10 Billion by the end of the analysis period. Growth in the Consumer Genomics Testing segment is estimated at 14.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 18.1% CAGR
The Predictive Genetic Testing and Consumer Genomics market in the U.S. is estimated at US$2.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5 Billion by the year 2030 trailing a CAGR of 18.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.9% and 12% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 11% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.3 Billion by the year 2030.
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