openPR Logo
Press release

Genetic Testing Market Size 2023: Share, Growth, Report and Forecast 2028

09-28-2023 12:47 PM CET | Health & Medicine

Press release from: IMARC Group

Genetic Testing Market 2023-2028

Genetic Testing Market 2023-2028

How Big is the Genetic Testing Market?

The global genetic testing market size reached US$ 15.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.00 Billion by 2028, exhibiting a growth rate (CAGR) of 10.37% during 2023-2028.

What is Genetic Testing?

Genetic testing, also called deoxyribonucleic acid (DNA) testing, involves analyzing the DNA of an individual, which is the genetic material that carries the instructions for the development, functioning, and maintenance of bodies. It is conducted by genetic counselors who play a vital part in helping individuals understand the implications of their test results, make informed decisions, and manage the emotional and psychological aspects associated with genetic testing. It helps tailor medical treatments to the unique genetic profile of an individual, maximizing treatment efficacy while minimizing side effects. It enables couples to make informed decisions about family planning, such as pursuing in vitro fertilization (IVF) with preimplantation genetic testing, to reduce the risk of passing on genetic disorders.

Request a PDF Sample for more detailed market insights: https://www.imarcgroup.com/genetic-testing-market/requestsample

What are the growth prospects and trends in the genetic testing industry?

At present, the increasing demand for genetic testing, as it contributes to scientific research by providing data for studying the genetic basis of diseases and developing new therapies, represents one of the crucial factors impelling the growth of the market.

Besides this, the rising utilization of genetic testing to estimate the susceptibility of an individual to develop specific health conditions, such as breast cancer or Alzheimer's disease, is contributing to the growth of the market. In addition, the growing prevalence of genetic disorders and chronic diseases among the masses is offering a favorable market outlook.

Apart from this, the increasing awareness about personalized medicine and the potential benefits it offers in tailoring healthcare interventions to the genetic makeup of a patient is propelling the growth of the market.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/genetic-testing-market

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:
• Predictive and Presymptomatic Testing
• Carrier Testing
• Prenatal and Newborn Testing
• Diagnostic Testing
• Pharmacogenomic Testing
• Others

Breakup by Technology:
• Cytogenetic Testing and Chromosome Analysis
• Biochemical Testing
• Molecular Testing
o DNA Sequencing
o Others

Breakup by Application:
• Cancer Diagnosis
• Genetic Disease Diagnosis
• Cardiovascular Disease Diagnosis
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Some of the Top Key players in the Genetic Testing Market

23andme Inc.
Ambry Genetics Corporation (Konica Minolta Healthcare Americas Inc.)
Bio-RAD Laboratories Inc.
Cepheid (Danaher Corporation)
Eurofins Scientific
Illumina Inc.
Invitae Corporation
Luminex Corporation (DiaSorin)
Myriad Genetics Inc.
QIAGEN
Quest Diagnostics
Thermo Fisher Scientific.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Other Reports:

Tracking-as-a-Service Market : https://www.benzinga.com/pressreleases/23/09/34485315/tracking-as-a-service-market-2023-share-growth-analysis-report-2028

Pharmaceutical Drug Delivery Market : https://www.benzinga.com/pressreleases/23/09/34485308/pharmaceutical-drug-delivery-market-size-2023-share-growth-overview-and-forecast-2028

Gas Engine Market : https://www.benzinga.com/pressreleases/23/09/34487042/gas-engine-market-size-2023-latest-trends-and-growth-forecast-2028

Utility Billing Software Market : https://www.benzinga.com/pressreleases/23/09/34502962/utility-billing-software-market-size-growth-and-forecast-2023-2028

Well Cementing Services Market : https://www.benzinga.com/pressreleases/23/09/34503880/well-cementing-services-market-2023-growth-opportunities-and-forecast-2028

Automotive Die-Casting Lubricants Market : https://www.benzinga.com/pressreleases/23/09/34505252/automotive-die-casting-lubricants-market-share-report-and-forecast-2023-2028

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

About us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Genetic Testing Market Size 2023: Share, Growth, Report and Forecast 2028 here

News-ID: 3229226 • Views:

More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insights
India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India seafood
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025-2033
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 2.50 Billion Market Size in 2033: USD 5.90 Billion Market Growth Rate (CAGR) 2025-2033: 10.03% How Big is the India Mutual Funds Industry? The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. Request
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Expanding at a CAGR of 8.09%
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview: The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, Project Economics
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay. IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a

All 5 Releases


More Releases for Testing

Global Testing Market Size - By Product Type(Terpene Profiling Testing,Heavy Met …
Market Overview and Report Coverage testing refers to the scientific analysis and evaluation of products to ensure their safety, potency, and compliance with regulatory standards. This process typically involves testing for profiles, contaminants, pesticides, heavy metals, and microbial residues. As becomes increasingly legalized for medicinal and recreational use across various regions, the demand for reliable testing services is growing, ensuring consumers receive high-quality
Sterility Testing Market, Sterility Testing Market Analysis, Sterility Testing M …
"According to the research report, the global synthetic biology market was valued at USD 13.07 billion in 2022 and is expected to reach USD 71.51 billion by 2032, to grow at a CAGR of 18.5% during the forecast period." Request Our Free Sample Report for Synthetic Biology Market Insights and Emerging Trends @ https://www.polarismarketresearch.com/industry-analysis/synthetic-biology-market/request-for-sample Report Overview Polaris Market Research, a leading global market research and consulting company, has recently published its latest report
Hemato Oncology Testing Market Global Hemato Oncology Testing Market, Hemato Onc …
Global Hemato Oncology Testing Market Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study
Test Automation Market | latest automation testing tools, automation testing too …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Test Automation Market “ The “Test Automation Market” report provides analysis of the global test automation market for the period 2015–2025, wherein the years from 2017 to 2025 is the forecast period and 2016 is considered as the base year. The report precisely
Molecular Diagnostics Market Application On Infectious Disease Testing, Cardiova …
Worldwide Market Reports recently released “Global Molecular Diagnostics Market Research Report 2017” that centers around the latest developing trends and technologies in the Molecular Diagnostics Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives and other
Test Automation Market Quadruples by 2023; with a ~ 15.34 % of Whooping CAGR | C …
New Market Research Reports Title "Test Automation Market 2018" Has Been Added to Crystal Market Research Report database. Test Automation Market - Competitive Insights: The leading players in the market are Cognizant Corporation, IBM, Hewlett-Packard, Capgemini, Tata Consultancy Services and Infosys. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry. The Test