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Unraveling the Global Rare Disease Diagnostics Market: Projections, Key Influencers, and Future Trajectory
Rare Disease Diagnostics Market Share
An in-depth analysis of the rare disease diagnostics market, revealing key statistics, market drivers, dominant players, and future trends.
What Is The Projected Market Size Of The Global Rare Disease Diagnostics Market And Its Growth Rate?
• The rare disease diagnostics market will grow from $35.23 billion in 2024 to $38.22 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.5%.
• The market size is expected to surge to $56.23 billion in 2029 at a robust CAGR of 10.1%.
• The rapid growth in the forthcoming years is attributable to the rising prevalence of rare diseases, government initiatives, expanding healthcare infrastructure, and growing hematology diseases.
What Is Driving The Growth In The Rare Disease Diagnostics Market?
The primary driver for this market is the increasing incidence of rare diseases. These conditions, characterized by low prevalence in the population, require specialized diagnostics for efficient management. With the help of rare disease diagnostics, healthcare providers can identify potential therapeutics, avoid unnecessary treatments, and facilitate efficacious treatment. For instance, there are about 150 rare kidney diseases as confirmed by Health Match, an Australia-based digital health company, that are highly prevalent worldwide with 60-80 incidences per 100,000 people in America and Europe. These escalating incidences of rare diseases are major contributors to the market growth.
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Who Are the Key Players Driving Rare Disease Diagnostics Market Growth?
• Thermo Fisher Scientific Inc.
• Roche Diagnostics
• Laboratory Corporation of America Holdings
• Quest Diagnostics Incorporated
• Astellas Pharma Inc.
• Eurofins Scientific SE
• Agilent Technologies Inc.
• PerkinElmer Inc.
• Sanofi Genzyme
• Illumina Inc.
• Bio-Rad Laboratories Inc.
• Qiagen NV
• BioMarin Pharmaceutical Inc.
• OPKO Health Inc.
• Sarepta Therapeutics Inc.
• Natera Inc.
• Invitae Corporation
• Ultragenyx Pharmaceutical Inc.
• Travere Therapeutics Inc.
• BGI Genomics Co. Ltd.
• 23andMe Holding Co.
• Ambry Genetics Corporation
• Centogene N.V.
• GENEWIZ Inc.
• Blueprint Genetics Inc.
• Oxford Gene Technology Limited
• Strand Life Sciences Pvt. Ltd.
• Agios Pharmaceuticals Inc.
• Orphazyme A/S
• RareCyte Inc.
What Are The Key Trends In The Rare Disease Diagnostics Market?
• Advancements in genetic testing technologies
• Introduction of whole-genome sequencing and next-generation sequencing (NGS)
• Extensive investments in the field
• Strategic collaborations for research initiatives
What Are The Segments Of The Global Rare Disease Diagnostics Market?
1. By Test Type: Genetic Test, General Lab Test, Imaging Test
2. By Technology: Capillary Sequencing, Whole Genome Sequencing, Whole Exome Sequencing, Microarrays
3. By Sample Type: Deoxyribonucleic Acid (DNA) Sample, Buccal Swab Sample, Blood, Saliva
4. By Disease Type: Gastroenterology Disease, Endocrine And Metabolism Disorders Disease, Hematology And Oncology Disease, Dermatology Disease, Cardiovascular Disorders, Neurology Disease
5. By End User: Hospital Laboratories, Diagnostics Laboratories, Genetic Testing Laboratories, Cancer Research Laboratories
Which Region Leads The Rare Disease Diagnostics Market?
North America was the largest region in the rare disease diagnostics market in 2024, but Asia-Pacific is expected to witness the fastest growth during the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Rare Disease Diagnostics Market Global Market Report?
- Market Size Analysis: Analyze the Rare Disease Diagnostics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rare Disease Diagnostics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Rare Disease Diagnostics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rare Disease Diagnostics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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