Genetic Testing Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

Which drivers are expected to have the greatest impact on the over the genetic testing market's growth?
An escalation in the incidence of genetic ailments is anticipated to stimulate the expansion of the genetic testing market in the future. Genetic conditions denote some diseases that present symptoms from birth, while others may become apparent as time passes. Genetic testing can provide a diagnosis of a genetic issue and deliver insights about the risk of acquiring cancer. For instance, a report from the World Health Organization in 2024, a Switzerland-based intergovernmental agency, indicated that genetic disorders and congenital anomalies influence 2%-5% of live births and are responsible for 30% of pediatric hospitalizations, resulting in roughly 50% of childhood fatalities in developed nations. Consequently, the increasing occurrence of genetic diseases is propelling the growth of the genetic testing market.

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What is the future CAGR of the genetic testing market, and how will it impact industry expansion?
The market size for genetic testing has seen significant expansion in the recent past. Growth from $19.1 billion in 2024 to an estimated $20.92 billion in 2025 is expected, which corresponds to a compound annual growth rate (CAGR) of 9.5%. Several factors have contributed to this growth during the historic period, including growing healthcare spending, a surge in the incidence of cancer, escalating demand for tailored medicine, and the advent of new infectious diseases.

In the forthcoming years, the genetic testing market is predicted to experience significant expansion, with its value expected to rise to $30.45 billion in 2029, representing a compound annual growth rate (CAGR) of 9.8%. The expansion during the forecast period can be linked to increased governmental backing, a growing frequency of genetic disorders, an upsurge in the elderly population, and a rise in the incidence of chronic diseases. The projection period will see the introduction of novel initiatives such as genetic counselling and informatics programs to aid in the creation of the next generation of genetic tests, technological advancements, and the introduction of genetic tests available directly to consumers.

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What are the most significant trends transforming the genetic testing market today?
The acceleration in the genetic testing industry is being driven significantly by the rise of direct-to-consumer genetic examinations. These tests, essentially - at-home DNA screenings, allow individuals to collect their own samples and send them to be analysed in order to understand their genetic susceptibility to various diseases. Home-based genetic evaluations look into the individual's DNA and spot gene alterations that might increase the likelihood of contracting specific health conditions. For example, DNALabs, a firm based in India devoted to revolutionizing personalized medicine with genetic testing solutions, launched its At-Home Genetic Testing Solutions in 2022. DNALabs empowers individuals to make informed choices using an effortless cheek swab from an at-home DNA gather kit, benefiting both private individuals who want to manage their own health and medical professionals aiming to tailor the optimal treatment for their patients.

Which key market segments comprise the genetic testing market and drive its revenue growth?
The genetic testing market covered in this report is segmented -

1) By Type: Predictive Testing, Carrier Testing, Prenatal And Newborn Testing, Diagnostic Testing, Pharmacogenomics Testing, Nutrigenomic Testing, Other Types
2) By Technology: Cytogenetic Testing, Biochemical Testing, Molecular Testing
3) By Application: Cancer Diagnosis, Genetic Disease Diagnosis, Cardiovascular Disease Diagnosis, Other Applications
4) By End User: Hospitals And Clinics, Diagnostic Laboratories And Centres, Other End Users

Subsegments:
1) By Predictive Testing: Genetic Risk Assessment, Family History-Based Testing
2) By Carrier Testing: Single Gene Carrier Testing, Expanded Carrier Screening
3) By Prenatal And Newborn Testing: Non-Invasive Prenatal Testing (NIPT), Newborn Screening Tests
4) By Diagnostic Testing: Confirmatory Genetic Testing, Clinical Diagnostic Testing
5) By Pharmacogenomics Testing: Drug Response Testing, Adverse Drug Reaction Testing
6) By Nutrigenomic Testing: Dietary Response Testing, Metabolism Testing
7) By Other Types: Ancestry Testing, Whole Genome Sequencing

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What regions are at the forefront of genetic testing market expansion?
North America was the largest region in the genetic testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the genetic testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the genetic testing market?
Major companies operating in the genetic testing market include Myriad Genetics Inc, Illumina Inc, Abbott Laboratories, Eurofins Scientific, Danaher Corporation, F. Hoffmann-La Roche Ltd, Quest Diagnostics Incorporated, Qiagen NV, Thermo Fisher Scientific Inc., BioRad Laboratories Inc., BGI, Berry Genomics Co. ltd, Daan Gene Co. Ltd, Annoroad Gene Technology Co. Ltd, WuXi PharmaTech, Igenomix, Circle DNA, Centogene, Curetis, Cytena, Probably Genetic, Genome Biologics, WuXi NextCODE, Genomtec, Testgene, Evogen Lab, Phosphorus, Helix, Sequencing, 10x Genomics, Quantgene, Virica Biotech, DNALabs, Deep Genomics, SGS Mexico, Hologic Inc, 23andMe Inc, Middle East Testing Services L.L.C, Molecular Biology & Genetics Laboratory, Freiburg Medical Laboratory Middle East, IVI MIDDLE EAST FERTILITY CLINIC, Bio Certica

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What Is Covered In The Genetic Testing Global Market Report?

• Market Size Forecast: Examine the genetic testing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the genetic testing market for a structured understanding.
• Key Players Overview: Analyze major players in the genetic testing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the genetic testing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the genetic testing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the genetic testing market.
• Industry Challenges: Identify potential risks and obstacles affecting the genetic testing market.
• Competitive Landscape: Review strategic developments in the genetic testing market, including expansions, agreements, and new product launches.

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