Global Genetic Testing Market Forecast 2022-2030
KEY FINDINGS
The global genetic testing market is set to project a CAGR of 10.25% during the forecast period, 2022-2030. The growing direct-to-consumer genetic testing, biotechnology advancements, and increasing prenatal testing drive market growth.
MARKET INSIGHTS
Genetic testing is used to determine a person’s vulnerability to developing specific diseases or disorders. The major types of genetic testing include diagnostic testing, newborn screening, and prenatal testing.
Prenatal genetic testing comprises 31.2% of all genetic tests. Genetic testing can detect pre-birth diseases. It can help detect certain types of abnormalities in a baby’s genes during pregnancy. Among these, Trisomy 18 and down syndrome are often screened for as part of prenatal genetic testing. Conventionally, it is conducted through invasive testing like amniocentesis. Also, tests like cell-free DNA testing evaluate a baby’s DNA through a blood test conducted on the mother. The growth of parental genetic testing is attributed to the fears associated with developing genetic disorders in children. Such aspects contribute to the global genetic testing market growth. However, government regulations and high treatment costs hinder the market growth.
REGIONAL INSIGHTS
The global genetic testing market growth assessment includes the geographical analysis of North America, Europe, Asia-Pacific, and Rest of World. North America is the dominating region in the global market in terms of market share. This is accredited to the well-developed healthcare infrastructure and economic growth.
COMPETITIVE INSIGHTS
With a small number of companies manufacturing complex devices, the market rivalry is intense among companies to sell products. Bio-Rad Laboratories, Abbott Laboratories, CSL Limited, BGI Group, etc., are among the leading market players.
Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Advancements In Biotechnology
- 3.1.2. Growth In Prenatal Testing
- 3.1.3. Rise In Direct-to-consumer Genetic Testing
- 3.1.4. Genetic Testing Helps In Determining Medication Dosage
- 3.2. Key Restraints
- 3.2.1. Expensive Cost Of Treatment
- 3.2.2. Government Regulation And Legislation
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Genetic Testing Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 4.7. Key Buying Criteria
- 4.8. Regulatory Framework
- 5. Market By Type
- 5.1. Prenatal And Newborn Testing
- 5.2. Diagnostic Testing
- 5.3. Predictive & Presymptomatic Testing
- 5.4. Carrier Testing
- 5.5. Pharmacogenomic Testing
- 5.6. Other Types
- 6. Market By Technology
- 6.1. Molecular Testing
- 6.2. Cytogenetic Testing
- 6.3. Biochemical Testing
- 7. Market By Application
- 7.1. Genetic Disease Diagnosis
- 7.2. Cancer Diagnosis
- 7.3. Cardiovascular Disease Diagnosis
- 7.4. Other Applications
- 8. Market By Disease
- 8.1. Cancer
- 8.2. Cystic Fibrosis
- 8.3. Huntington’s Disease
- 8.4. Sickle Cell Anaemia
- 8.5. Duchenne Muscular Dystrophy
- 8.6. Alzheimer’s Disease
- 8.7. Rare Diseases
- 8.8. Thalassemia
- 8.9. Other Diseases
- 9. Geographical Analysis
- 9.1. North America
- 9.1.1. Market Size & Estimates
- 9.1.2. Key Growth Enablers
- 9.1.3. Key Challenges
- 9.1.4. Key Players
- 9.1.5. Country Analysis
- 9.1.5.1. United States
- 9.1.5.2. Canada
- 9.2. Europe
- 9.2.1. Market Size & Estimates
- 9.2.2. Key Growth Enablers
- 9.2.3. Key Challenges
- 9.2.4. Key Players
- 9.2.5. Country Analysis
- 9.2.5.1. United Kingdom
- 9.2.5.2. Germany
- 9.2.5.3. France
- 9.2.5.4. Spain
- 9.2.5.5. Italy
- 9.2.5.6. Russia
- 9.2.5.7. Nordic Countries
- 9.2.5.8. Rest Of Europe
- 9.3. Asia-pacific
- 9.3.1. Market Size & Estimate
- 9.3.2. Key Growth Enablers
- 9.3.3. Key Challenges
- 9.3.4. Key Players
- 9.3.5. Country Analysis
- 9.3.5.1. China
- 9.3.5.2. Japan
- 9.3.5.3. India
- 9.3.5.4. South Korea
- 9.3.5.5. Indonesia
- 9.3.5.6. Australia & New Zealand
- 9.3.5.7. Singapore
- 9.3.5.8. Taiwan
- 9.3.5.9. Rest Of Asia-pacific
- 9.4. Rest Of World
- 9.4.1. Market Size & Estimates
- 9.4.2. Key Growth Enablers
- 9.4.3. Key Challenges
- 9.4.4. Key Players
- 9.4.5. Regional Analysis
- 9.4.5.1. Latin America
- 9.4.5.2. Middle East & Africa
- 10. Competitive Landscape
- 10.1. Key Strategic Developments
- 10.1.1. Mergers & Acquisitions
- 10.1.2. Product Launches & Developments
- 10.1.3. Partnerships & Agreements
- 10.1.4. Business Expansions & Divestitures
- 10.2. Company Profiles
- 10.2.1. 23&Me Inc
- 10.2.2. Abbott Laboratories
- 10.2.3. Bgi Group
- 10.2.4. Biorad Laboratories
- 10.2.5. Csl Limited
- 10.2.6. Decode Genetics
- 10.2.7. Elitech Group
- 10.2.8. Eurofins Scientific
- 10.2.9. Illumina Inc
- 10.2.10. Luminex Corporation
- 10.2.11. Myriad Genetics Inc
- 10.2.12. Perkinelmer Inc
- 10.2.13. Qiagen
- 10.2.14. Quest Diagnostics Inc
- 10.2.15. Roche Diagnostics Inc
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