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Comprehensive 2025 Single Nucleotide Polymorphism (SNP) Genotyping Market Overview: Trends, Forecasts, and Growth Drivers
Single Nucleotide Polymorphism (SNP) Genotyping
What Is the Expected CAGR for the Single Nucleotide Polymorphism (SNP) Genotyping Market Through 2025?
In recent years, the market size for single nucleotide polymorphism (SNP) genotyping has seen a massive expansion. The sector is predicted to scale up from $10.3 billion in 2024 to $12.37 billion in 2025 with a compound annual growth rate (CAGR) of 20.1%. The remarkable growth in the historical period is predominantly due to the surge in genomics research, escalation in genetic disorders, advent in personalized medicine, growth of the pharmaceutical industry, and the intensified need for molecular diagnostics.
What's the Projected Size of the Global Single Nucleotide Polymorphism (SNP) Genotyping Market by 2029?
In the coming years, the single nucleotide polymorphism (SNP) genotyping market is projected to experience swift expansion, reaching $24.95 billion by 2029 with a compound annual growth rate (CAGR) of 19.2%. This growth during the prediction period can be attributed to its growing use in disease research, a surge in the need for precision medicine, the expansion of biobanking efforts, an increase in genetic testing, and its rising use in crop enhancement in agriculture. The forecast period will see key trends such as increased use of next-generation sequencing (NGS), a growing demand for SNP genotyping in pharmacogenomics, the rise of direct-to-consumer genetic testing, a focus on automation, and high-throughput genotyping platforms.
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Top Growth Drivers in the Single Nucleotide Polymorphism (SNP) Genotyping Industry: What's Accelerating the Market?
The surge in chronic conditions is predicted to fuel the expansion of the single nucleotide polymorphism (SNP) genotyping market. Chronic conditions, defined as ailments that persist over a year or longer, require ongoing medical attention and may limit daily activities. As the prevalence of chronic diseases rises, SNP genotyping becomes crucial in uncovering genetic predispositions and advancing customized medical treatments. For example, data from the Australian Institute of Health and Welfare, a governmental agency based in Australia, showed that the mortality rate tied to chronic conditions jumped from 459 deaths per 100,000 people in 2021 to 490 deaths per 100,000 people in 2022. As such, the escalating burden of chronic conditions underscores the growth potential of the SNP genotyping systems market.
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What Trends Will Shape the Single Nucleotide Polymorphism (SNP) Genotyping Market Through 2029 and Beyond?
The adoption of advanced technology is a rising trend observed in the single nucleotide polymorphism (SNP) genotyping market. Major market players are using innovative technologies to maintain their prominence in the market. For example, Neogen Corporation, an American firm specializing in food safety solutions for various industries, and Gencove, another US-Based firm known for sequencing solutions, jointly introduced InfiniSEEK in May 2022. This tool, the first of its kind, offers complete genome and genotyping capabilities for cattle breeders. The rigorous validation of InfiniSEEK confirms that its low-pass genome-wide sequencing is above 99% in harmony with deep whole-genome sequencing, offering superior clinical-grade accuracy in specific areas of interest.
What Are the Main Segments in the Single Nucleotide Polymorphism (SNP) Genotyping Market?
The single nucleotide polymorphism (SNP) genotyping market covered in this report is segmented -
1) By Product: Consumables, Instruments, Services
2) By Technology: TaqMan SNP Genotyping, Mass Array SNP Genotyping, SNP Gene Chip Arrays, Other Technologies
3) By Application: Animal Genetics, Plant Improvement, Diagnostic Research, Pharmaceuticals And Pharmacogenomics, Agricultural Biotechnology, Other Applications
Subsegments:
1) By Consumables: Reagents And Kits, DNA Probes, Microarrays
2) By Instruments: SNP Genotyping Platforms, Sequencers, PCR Machines
3) By Services: SNP Genotyping Services, Data Analysis Services, Consultation Services
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Which Top Companies are Driving Growth in the Single Nucleotide Polymorphism (SNP) Genotyping Market?
Major companies operating in the single nucleotide polymorphism (SNP) genotyping market include Thermo Fischer Scientific Inc., Danaher Corporation, Roche Diagnostics Corporation, GE HealthCare Technologies Inc., Eurofins Genomics LLC, Beckman Coulter Inc., Bio-Rad Laboratories Inc., Qiagen N.V., Sigma-Aldrich Corporation, Agilent Technologies Inc., PerkinElmer Inc., Illumina Inc., Promega Corporation, GenScript Biotech Corporation, Integrated DNA Technologies Inc., LGC Ltd., Sequenom Inc., Fluidigm Corporation, Agendia Inc., Nugen Technologies Inc., BioChain Institute Inc., Standard BioTools Inc., Oxford Gene Technology, Affymetrix Inc., PREMIER Biosoft International Inc., GenoLogics, Rubicon Genomics Inc., Xcelris Genomics, Douglas Scientific LLC, Golden Helix Inc.
Which Regions Will Dominate the Single Nucleotide Polymorphism (SNP) Genotyping Market Through 2029?
North America was the largest region in the single nucleotide polymorphism (SNP) genotyping market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the single nucleotide polymorphism (SNP) genotyping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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