Press release
Liquid Biopsy Innovations For Early Cancer Detection Trend: A Crucial Influence on the DNA Diagnostics Market's Transformation in 2025
What Is the Expected Size and Growth Rate of the DNA Diagnostics Market?In the past few years, the DNA diagnostics market has experienced substantial growth. The market size, which is expected to increase from $23.1 billion in 2024 to $25.67 billion in 2025, is projected to exhibit a compound annual growth rate (CAGR) of 11.1%. The historic growth trajectory of the market is credited to factors such as the growing interest in personalized medicine, heightened incorporation of genetic testing and molecular diagnostics in clinical procedures, an uptick in biomedical research, a surge in the patient count for cancer, and an escalated utilization of diagnostic tests.
Rapid expansion is forecasted for the DNA diagnostics market in the coming years, with its size projected to increase to $38.64 billion by 2029, boasting a compound annual growth rate (CAGR) of 10.8%. The anticipated growth is ascribed to factors such as the rising incidence of cancer, surging demand for standardized diagnostic procedures, growing cases of genetic abnormalities, intensifying focus on the identification of biomarkers, rare illnesses and orphan drugs, and the expansion of telemedicine and remote diagnostic testing. Key trends projected for the forecast period are the inclusion of microbiome analysis, the utilization of blockchain technology, amalgamation of multiple omics data, the advent of non-invasive testing, the integration of multi-omics, the evolution of portable and point-of-care DNA diagnostic instruments, and next-generation sequencing (NGS).
What Key Elements Are Boosting Growth in the DNA Diagnostics Market?
The DNA diagnostics market is poised for growth, driven by the increasing incidences of genetic disorders. Genetic disorders are health issues that arise from one or more irregularities in the genome. The spike in these disorders is attributed to enhanced diagnostic capabilities, robust genetic testing methods, environmental factors, and interbreeding within certain populations. All these contribute to a better comprehension and identification of genetic disorder conditions. DNA diagnostics plays a crucial role in accurately identifying these genetic disorders through genetic material analysis, paving the way for early detection, customised treatment, and informed decisions regarding family planning. For instance, the World Health Organization (WHO), the Switzerland-based UN agency tasked with overseeing global public health, reported in February 2023 that birth defects resulted in approximately 240,000 neonatal deaths worldwide within the first 28 days of life each year. Furthermore, congenital diseases lead to the demise of an additional 170,000 children aged between 1 month and 5 years. Thus, the escalating incidence of genetic disorders is fuelling the expansion of the DNA diagnostics market.
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Which Leading Companies Are Shaping the Growth of the DNA Diagnostics Market?
Major companies operating in the DNA diagnostics market are F. Hoffmann-La Roche Ltd., Bayer AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Becton, Dickinson and Company, Laboratory Corporation, Quest Diagnostics Incorporated, Eurofins Scientific SE, Agilent Technologies, Illumina Inc., PerkinElmer Inc., bioMérieux SA, Beckman Coulter Inc., Sysmex Corporation, Bio-Rad Laboratories Inc., QIAGEN N.V., Natera Inc., Myriad Genetics Inc., BGI Genomics Co. Ltd., Cepheid, NeoGenomics Laboratories Inc., 23andMe Holding Co, Ambry Genetics Corporation, Biocartis SA, CENTOGENE N.V., Veritas Genetics
What Are the Major Trends Shaping the DNA Diagnostics Market?
In the DNA diagnostics market, leading corporations are concentrating their efforts on creating groundbreaking products like liquid biopsy tests, which can identify different forms of cancer at an early stage. Liquid biopsies are relatively non-invasive medical procedures designed to detect and study biomarkers such as circulating tumor cells (CTCs), cell-free DNA (cfDNA), or exosomes that have been released into the bloodstream from tumors or other cells. Take, for example, in May 2023, Laboratory Corporation, a medical diagnostics firm based in the United States, introduced a new liquid biopsy test known as LabCorp Plasma Focus. This innovative test analyzes circulating cell-free DNA (cfDNA) shed by tumor cells by using genetic sequencing, which aids oncologists in designing personal and enhanced therapeutic plans for the patient.
What Are the Key Segments of the DNA Diagnostics Market?
The DNA diagnostics market covered in this report is segmented -
1) By Product Type: Instruments, Reagents, Software And Services
2) By Technology: Polymerase Chain Reaction, Microarray, In-situ Hybridization, Sequencing Technology, Mass Spectrometry
3) By Application: Oncology, Infectious Diseases Treatment, Myogenic Disorder Treatment, Clinical Diagnostic Confirmation, Prenatal, Pre-Implantation, Other Applications
4) By End User: Point Of Care, Diagnostic Centers, Self-Testing Or Over-The-Counter (OTC)
Subsegments
1) By Instruments: DNA Analyzers, PCR Machines (Polymerase Chain Reaction), Sequencers (Next-Generation Sequencing, Sanger Sequencing), Electrophoresis Systems, Gene Expression Analyzers, Microarray Systems, Flow Cytometers, Spectrophotometers
2) By Reagents: PCR Reagents, DNA Extraction Kits, Sequencing Reagents, Antibodies For DNADetection, Fluorescent Dyes And Probes, Chemicals For Nucleic Acid Purification, Buffer Solutions For DNA Analysis, Hybridization And Amplification Kits
3) By Software: DNA Data Analysis Software, Bioinformatics Platforms, Genomics Software For Sequencing Data, Laboratory Information Management Systems (LIMS), Data Visualization Tools, Genetic Variant Analysis Software, Genome Mapping Software
4) By Services: Genetic Testing Services, DNA Sequencing Services, Bioinformatics Consulting And Analysis, Clinical Diagnostic Services, Genetic Counseling Services, Custom DNA Diagnostics Services, Research And Development Services
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Which Region Dominates the DNA Diagnostics Market?
North America was the largest region in the DNA diagnostics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the DNA diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The DNA Diagnostics Global Market Report?
- Market Size Analysis: Analyze the DNA Diagnostics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the DNA 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 DNA Diagnostics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the DNA Diagnostics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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