2025-2034 Personalized Genomics Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

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What Will the Personalized Genomics Industry Market Size Be by 2025?
Recent years have seen a significant quick expansion in the size of the personalized genomics market. The market, which stood at $8.15 billion in 2024, is forecasted to reach $9.45 billion in 2025, translating to a compound annual growth rate (CAGR) of 16.0%. This growth during the historical period is due to factors such as increased public awareness of genetic risk, a surge in chronic and genetic disease cases, the heightened integration of AI and machine learning into genomics analysis, the rise in demand for nutrigenomics and lifestyle-related genomics, and an increased emphasis on companion diagnostics in oncology and rare diseases fields.

What's the Long-Term Growth Forecast for the Personalized Genomics Market Size Through 2029?
In the coming years, the market size of personalized genomics is predicted to experience significant growth, potentially reaching $16.97 billion in 2029, with a compound annual growth rate (CAGR) of 15.8%. The projected growth during this period can be related to the escalating demand for personalized medicine and increasing interest in direct-to-consumer (DTC) genetic testing. Other factors contributing to market growth include an amplified commitment to preventive healthcare measures, wider availability of genomic data and bioinformatics resources, and an increase in partnerships between genomics and pharmaceutical companies. Forthcoming trends for the said period include the progression of next-generation sequencing (NGS) technologies, implementation of artificial intelligence (AI) in genomic data interpretation, the integration of genomics into electronic health records, advancements in bioinformatics platforms and the development of cloud-based solutions for storing and sharing genomic data.

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What Are the Key Growth Drivers Fueling the Personalized Genomics Market Expansion?
The anticipated increase in chronic and rare diseases is believed to drive the expansion of the personalized genomics market in the future. Chronic diseases are enduring ailments that need continuous management, while rare conditions affect a small portion of the general population, typically needing specialized treatment. These increases can be linked to lifestyle choices such as inadequate nutrition, a sedentary lifestyle, and contact with harmful environmental factors, all of which can leed to the manifestation of various health conditions. Personalized genomics serve as a powerful tool in the fight against these diseases by providing customized treatments according to a person's genetic constitution. This facilitates more accurate diagnoses, more specifically targeted treatments, and enhanced management of ailments that have particular genetic causative factors or risks. For instance, the National Center for Biotechnology Information, a national library of medicine from the US, reported in January 2023 that the figure for individuals suffering from at least one chronic ailment is projected to surge by 99.5%, from 71.522 million individuals in 2020 to 142.66 million individuals by 2050. Therefore, the projected augmentation in chronic and rare diseases is a key factor propelling the growth of the personalized genomics market.

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What Are the Key Trends Driving Personalized Genomics Market Growth?
Major firms engaged in the personalized genomics market are emphasizing on the progression of innovative technologies such as personalized genomics platforms. These platforms offer customized health, wellness, and disease prevention insights by examining the genetic data of an individual. For instance, Neuberg Diagnostics Private Limited, a diagnostic service company based in India, launched a novel customized genomics platform known as Geniee Decode Your DNA in September 2024. This platform provides detailed health, nutrition, and medication advice based on an individual's genetic profile, thus aiding in enhancing wellness, warding off diseases, and tailoring treatments for more efficient health outcomes.

How Is the Personalized Genomics Market Segmented?
The personalized genomics market covered in this report is segmented -

1) By Test Type: Oncology Testing, Infectious Disease Testing, Neurological Testing, Cardiovascular Testing, Other Test Types
2) By Technology: Polymerase Chain Reaction-Based Tests, Microarray-Based Tests, Sequencing-Based Tests, Other Technologies
3) By Application: Diagnostics, Precision Medicine, Wellness, Reproductive Health, Sports Nutrition And Health, Lifestyle, Other Applications
4) By End User: Hospitals And Clinics, Research Centers, Pharmaceutical And Biotechnology Companies, Diagnostic Laboratories, Other End Users

Subsegments:
1) By Oncology Testing: Liquid Biopsy, Tumor Profiling, Genetic Testing For Cancer Risk, Companion Diagnostics
2) By Infectious Disease Testing: Hepatitis Testing, COVID-19 Testing, Respiratory Infections Testing, Sexually Transmitted Infections Testing
3) By Neurological Testing: Alzheimer's Disease Testing, Huntington's Disease Testing, Parkinson's Disease Testing, Epilepsy Testing
4) By Cardiovascular Testing: Genetic Risk for Cardiovascular Diseases, Arrhythmia Testing, Lipid Panel Testing, Coronary Artery Disease Testing
5) By Other Test Types: Pharmacogenomics Testing, Genetic Screening For Inherited Disorders, Paternity Testing, Ancestry Testing

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Which Companies Are Leading the Charge in Personalized Genomics Market Innovation?
Major companies operating in the personalized genomics market are Thermo Fisher Scientific Inc., Illumina Inc., Myriad Genetics Inc., BGI Genomics Co. Ltd., Invitae Corporation, Guardant Health Inc., GeneDx LLC, Ancestry Inc., Oxford Nanopore Technologies plc, Genomic Health Inc., 23andMe Holding Co., Color Health Inc., Helix OpCo LLC, Personalis Inc., Dante Genomics, Gene By Gene Ltd., Veritas Genetics Inc., Futura Genetics, Nebula Genomics Inc., Pathway Genomics Corporation

Which Regions Are Leading the Global Personalized Genomics Market in Revenue?
North America was the largest region in the personalized genomics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the personalized genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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