Growing Cancer Incidence Spurs Expansion Of Genetic Testing Services Driver: Leading Transformation in the Hereditary Genetic Testing Market in 2025

"What Are the Projected Growth and Market Size Trends for the Hereditary Genetic Testing Market?
In the past few years, the hereditary genetic testing market has experienced a fast-paced expansion. The market is expected to rise from $21.47 billion in 2024 to $23.88 billion in 2025, representing a compound annual growth rate (CAGR) of 11.3%. The notable growth seen in the historic period is as a result of an increase in inherited diseases, advancements in healthcare informatics, expansion of telemedicine, elevated awareness campaigns, and a surge in the number of available genetic testing platforms.

The market size for hereditary genetic testing is anticipated to experience swift expansion in the approaching years. The sector is predicted to reach a value of $36.23 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.0%. This projected growth can be attributed to factors such as the escalating incidence of cancer, growing occurrence of genetic maladies, increased diagnostic needs, wider acceptance of personalized medicine, and a surge in clinical trials. Significant trends expected to shape the market in the forecast period include technological evolutions, comprehensive genome sequencing, incorporation of genetic information, tailored medicine, and non-invasive prenatal testing.

What Is Driving the Growth Trajectory of the Hereditary Genetic Testing Market?
The rising incidence of cancer is anticipated to spur the expansion of the hereditary genetic testing market. Cancer constitutes a group of diseases characterized by unusual cell growth with the potential to infiltrate or metastasize to other body parts. Factors such as aging societies, changes in lifestyle, environmental contaminants, genetic vulnerabilities, and enhanced diagnostic methods can all cause the increased incidence of cancer. Hereditary genetic testing aids in thwarting cancer by spotting genetic variations linked to elevated risk, thus facilitating early monitoring and strategic prevention measures. For example, per Australia's Institute of Health and Welfare, a government body, the diagnosed cancer instances in Australia swelled from 156,781 in 2021 to 160,570 in 2022 in July 2024, indicating an annual growth. As a result, the escalating incidence of cancer is fuelling the prosperity of the hereditary genetic testing market.

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Which Leading Companies Are Shaping the Growth of the Hereditary Genetic Testing Market?
Major companies operating in the hereditary genetic testing market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Amgen Inc., Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Eurofins Scientific SE, Agilent Technologies Inc., Hologic Inc., Illumina Inc., Qiagen N.V., Exact Sciences Corporation, Fulgent Genetics Inc., BioReference Laboratories Inc., BGI Group, Invitae Corporation, NeoGenomics Laboratories Inc., 23andMe Inc., MyHeritage Ltd., Color Health Inc., MedGenome Inc., SOPHiA GENETICS SA, Devyser AB, Mapmygenome India Ltd., Igenomix S.L.

Which Leading Companies Are Shaping the Growth of the Market?
Leading companies in the inherited genetic testing market are concentrating their efforts on the development of cutting-edge genomic solutions such as multi-cancer multigene panels, aiming to improve early detection and tailor treatment options. Multi-cancer multigene panels are diagnostic procedures that evaluate numerous genes concurrently to identify genetic alterations linked to different kinds of cancer, facilitating early detection and customized treatment. For example, Exact Sciences Corporation, a US company specializing in cancer screening and diagnostic tests, introduced the Riskguard hereditary cancer test in February 2024. This Riskguard test provides a customized report on specific gene and familial cancer risks through a straightforward blood or saliva sample for 10 widespread cancers. It enables better comprehension of cancer risks, guides screening and treatment plans, and evaluates familial cancer risks. Moreover, it fine-tunes treatment for patients already living with cancer and boosts risk classification for those with a family history of cancer by pinpointing actionable gene variations.

What Are the Key Segments of the Hereditary Genetic Testing Market?
The hereditary genetic testing market covered in this report is segmented -

1) By Type: Predictive And Presymptomatic Testing, Carrier Testing, Prenatal And Newborn Testing, Diagnostic Testing, Pharmacogenomic Testing, Other Types
2) By Technology: Cytogenetic Testing, Biochemical Testing, Molecular Testing
3) By Clinical Application: Cancer Genetic Testing, Cardiovascular Genetic Testing, Neurological Genetic Testing, Rare Diseases Genetic Testing
4) By End User: Hospitals And Clinics, Diagnostic Laboratories, Research Institutes, Direct To Consumer (DTC) Genetic Testing Companies

Subsegments:
1) By Predictive and Presymptomatic Testing: Genetic Testing For Disease Risk Prediction, Testing For Inherited Cancer Risks, Cardiovascular Disease Risk Testing, Neurodegenerative Disease Risk Testing
2) By Carrier Testing: Testing For Inherited Genetic Disorders, Genetic Screening For Autosomal Recessive Diseases, Testing For Carrier Status Of Inherited Conditions
3) By Prenatal and Newborn Testing: Non-Invasive Prenatal Testing (NIPT), Amniocentesis and Chorionic Villus Sampling (CVS), Newborn Screening For Genetic Disorders, Preconception Genetic Screening
4) By Diagnostic Testing: Genetic Testing For Confirming Suspected Genetic Disorders, Testing For Inherited Syndromes and Congenital Diseases, Diagnostic Testing For Cancer and Tumor Profiling
5) By Pharmacogenomic Testing: Genetic Testing For Drug Response And Efficacy, Testing For Drug Sensitivities and Side Effects, Personalized Medicine and Treatment Optimization
6) By Other Types: Genetic Testing For Wellness And Lifestyle, Genetic Testing For Ancestry And Genealogy, Research-Oriented Genetic Testing

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Which Region Dominates the Hereditary Genetic Testing Market?
North America was the largest region in the hereditary genetic testing market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the hereditary genetic testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Hereditary Genetic Testing Global Market Report?

- Market Size Analysis: Analyze the hereditary genetic testing Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the hereditary genetic testing 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 hereditary genetic testing market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the hereditary genetic testing market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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