Predictive Genetic Testing And Consumer Genomics Market Size Forecast: $16.14 Billion by 2029 | Global Outlook

"Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.

What Is the Projected Market Size Valuation of the Predictive Genetic Testing And Consumer Genomics Market by 2025?
In recent years, there has been an accelerated expansion in the size of the genetic testing and consumer genomics market. The market value that was at $7.83 billion in 2024 is projected to surge to $9.07 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 15.7%. This impressive growth trajectory during the past period can be traced to several factors. These include an intensified emphasis on early detection and risk evaluation of diseases, increased affordability and availability of genetic testing techniques, a rising fascination among consumers regarding ancestry and trait scrutiny, the expanding reach of telehealth platforms, and the increasingly widespread occurrence of chronic and inherited diseases.

What Is the Estimated Market Growth Value for the Predictive Genetic Testing And Consumer Genomics Industry in 2029?
The market for genetic testing and consumer genomics is predicted to experience a swift increase in the coming years, expanding to a value of $16.14 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 15.5%. This growth over the predicted period can be traced back to the rising demand for preventive medicine and personalized healthcare, wider accessibility of genetic testing kits for consumers, growing adoption of genomics in the clinical decision-making process, boosted investment in biotechnology and genetic research, and enhanced government backing for genomic research and precision medicine initiatives. The projection period will likely see trends such as advancements in next-generation sequencing, the incorporation of AI and machine learning in the analysis of genetic data, advancements in portable and home-based testing technologies, the integration of genetic data into electronic health records, and progress in microarray technology.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/predictive-genetic-testing-and-consumer-genomics-global-market-report

What Are the Growth Drivers and Opportunities in the Predictive Genetic Testing And Consumer Genomics Market?
The anticipated expansion of the predictive genetic testing and consumer genomics market is likely to be kindled by growing cognizance of personalized medicine. This medical approach, which is gaining widespread recognition, tailors prevention and treatment plans to a person's environmental influences, lifestyle, and genetic makeup, thus enhancing the efficacy of therapies by aligning them with the patient's specific biological attributes. Predictive genetic testing, alongside consumer genomics, plays an integral role in personalized medicine. This is through gauging genetic risks and characteristics, thus allowing for customized prevention, early detection, and remedy approaches founded on a person's unique genetic composition. To underscore this, in February 2024, the Personalized Medicine Coalition, a professional organization based in the US, reported that the Food and Drug Administration (FDA) gave the green light to 16 novel personalized medications in 2023, a rise from the 6 approved in the previous year. Consequently, the mounting knowledge about personalized medicine is likely to fuel the predictive genetic testing and consumer genomics market's growth.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25884&type=smp

What Are the Primary Segments Covered in the Global Predictive Genetic Testing And Consumer Genomics Market Report?
The predictive genetic testing and consumer genomics market covered in this report is segmented -

1) By Testing Type: Diagnostic Testing, Predictive Testing, Pharmacogenomic Testing, Carrier Screening
2) By Technology: Polymerase Chain Reaction (PCR), Next-Generation Sequencing (NGS), Microarray Technology, DNA Sequencing
3) By Service Type: Genetic Counseling Services, Sample Collection And Analysis, Data Interpretation And Reporting
4) By Application: Breast And Ovarian Cancer, Cardiovascular Screening, Diabetic Screening And Monitoring, Colon Cancer, Parkinsonism Or Alzheimer's Disease, Urologic Screening Or Prostate Cancer Screening, Orthopedic And Musculoskeletal, Other Cancer Screening, Other Diseases
5) By End User: Healthcare Providers, Research Institutions, Diagnostic Laboratories, Consumers (Direct-to-Consumer Testing)

Subsegments:
1) By Diagnostic Testing: Cancer Diagnostic Testing, Neurological Disorder Testing, Rare Disease Diagnostics
2) By Predictive Testing: Cancer Risk Prediction, Cardiovascular Disease Risk, Neurodegenerative Disorder Risk
3) By Pharmacogenomic Testing: Adverse Drug Reaction Prediction, Psychiatric Medication Response, Dosage Optimization
4) By Carrier Screening: Cystic Fibrosis Carrier Screening, Sickle Cell Anemia Carrier Screening, Tay-Sachs Carrier Screening

What Are the Top Growth Trends in the Predictive Genetic Testing And Consumer Genomics Market?
Leading firms in the predictive genetic testing and consumer genomics market are concentrating on creating innovative solutions, such as consumer genomics insight services. These services aim to provide people with personalized health revelations and enable the early identification of genetic threats. Consumer genomics insight service involves direct-to-consumer genetic testing solutions which analyze a person's DNA to provide insights into origins, health dangers, traits, and well-being, all without the necessity for a medical prescription. For example, in November 2022, Strand Life Sciences Private Limited, a technological company based in India, launched Strand Genomic Wellness. This service gives personalized health insights, allowing individuals to comprehend their genetic susceptibility to various diseases, assisting in proactive health management and preventive care through the use of genomic information. The key benefit is that it allows individuals and their doctors to make knowledgeable lifestyle and medical choices rooted in unique genetic profiles.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=25884&type=smp

Which Companies Are Shaping the Future of the Predictive Genetic Testing And Consumer Genomics Market?
Major companies operating in the predictive genetic testing and consumer genomics market are Thermo Fisher Scientific Inc., Abbott Laboratories, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, QIAGEN N.V., Ancestry.com, Myriad Genetics Inc., ARUP Laboratories, BGI Genomics Co. Ltd., Invitae Corporation, Guardant Health Inc., 23andMe Inc., Helix Inc., Color Health Inc., Mapmygenome India Ltd., Reliance Life Sciences, Dante Labs Inc., EasyDNA, Gene by Gene Ltd., Nebula Genomics Inc., Pathway Genomics Corporation.

Which Region Holds the Largest Market Share in the Predictive Genetic Testing And Consumer Genomics Industry?
North America was the largest region in the predictive genetic testing and consumer genomics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the predictive genetic testing and consumer genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Reach Out to Us
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.