Precision Genomic Testing Market May See a Big Move | Major Giants- Illumina, BGI Genomics, Agilent Technologies

HTF MI just released the Global Precision Genomic Testing Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.

Major companies in Precision Genomic Testing Market are: Illumina Inc. (United States), Thermo Fisher Scientific Inc. (United States), F. Hoffmann-La Roche Ltd (Switzerland), QIAGEN N.V. (Netherlands), BGI Genomics (China), Agilent Technologies, Inc. (United States), 23andMe, Inc. (United States), Genetic Technologies Limited (Australia), Exact Sciences Corporation (United States), Myriad Genetics Inc. (United States), Invitae Corporation (United States), Bio-Rad Laboratories, Inc. (United States), Guardant Health (United States), PerkinElmer, Inc. (United States), Natera, Inc. (United States), Oxford Nanopore Technologies (United Kingdom), PacBio (Pacific Biosciences) (United States), Genomic Health, Inc. (United States), Macrogen, Inc. (South Korea), Personalis, Inc. (United States)

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According to HTF Market Intelligence, the global Precision Genomic Testing Market size was valued at USD 15.57 Billion in 2024 and estimated to reach revenue of USD 57.59Billion by 2033, with a CAGR of 14.7% from 2025 to 2033.

The Precision Genomic Testing Market is Segmented by Application (Oncology, Cardiovascular Diseases, Neurological Disorders, Rare Diseases, Reproductive Health, Others) by Type (Consumables, Instruments, Services) by Technology (Next-Generation Sequencing, PCR, Microarray, Sanger Sequencing, CRISPR) by End-User (Hospitals & Clinics, Diagnostic Laboratories, Research & Academic Institutes)

Definition:
Precision genomic testing refers to the use of advanced molecular biology techniques, including next-generation sequencing and gene panels, to analyze an individual's genetic makeup for mutations, variations, or biomarkers associated with disease risk or treatment response. This enables healthcare providers to deliver personalized care by predicting susceptibility to diseases, identifying targeted therapies, and optimizing drug efficacy while minimizing side effects. Precision genomic testing plays a crucial role in oncology, rare disease diagnosis, pharmacogenomics, and preventive healthcare, contributing to the broader field of precision medicine.

Market Trends:
Expansion of direct-to-consumer genomic testing platforms•Integration of AI and bioinformatics to improve test accuracy and interpretation•Growing collaborations between pharma and diagnostic companies for companion diagnostics•Development of multi-omics approaches combining genomics•proteomics•and metabolomics•Increased use of genomic data in population health and epidemiology studies

Market Drivers
Rising prevalence of genetic disorders and cancer driving demand for early detection tests•Growing adoption of personalized medicine and targeted therapies•Technological advancements in next-generation sequencing lowering costs•Increasing government and private funding for genomic research programs•Rising consumer awareness about preventive healthcare and genetic risk profiling

Market Opportunities:
Expanding testing applications into prenatal•rare disease•and infectious disease detection•Developing affordable and portable genomic testing kits for wider access•Growing opportunity in pharmacogenomics for optimizing drug therapies•Building genomic databases for large-scale precision medicine programs•Leveraging AI-driven interpretation tools to scale clinical adoption

Market Challenges:
High cost of advanced genomic tests limiting mass adoption•Data privacy and ethical concerns regarding genetic information sharing•Shortage of skilled genetic counselors and clinical interpretation experts•Complex regulatory approval processes for new genomic assays•Risk of false positives/negatives leading to misdiagnosis and mistrust

Dominating Region:
North America

Fastest-Growing Region:
Asia-Pacific

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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Precision Genomic Testing market segments by Types: Consumables, Instruments, Services
Detailed analysis of Precision Genomic Testing market segments by Applications: Oncology, Cardiovascular Diseases, Neurological Disorders, Rare Diseases, Reproductive Health, Others

Global Precision Genomic Testing Market -Regional Analysis
• North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia, and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, Nordics, BALTIC Countries, Russia, Austria, and the Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam, etc) & Rest
• Oceania: Australia & New Zealand

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Precision Genomic Testing Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Points Covered in Table of Content of Global Precision Genomic Testing Market:
Chapter 01 - Precision Genomic Testing Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Precision Genomic Testing Market - Pricing Analysis
Chapter 05 - Global Precision Genomic Testing Market Background or History
Chapter 06 - Global Precision Genomic Testing Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Precision Genomic Testing Market
Chapter 08 - Global Precision Genomic Testing Market Structure & worth Analysis
Chapter 09 - Global Precision Genomic Testing Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Precision Genomic Testing Market Research Method

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Japan, Australia or Southeast Asia.

Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketreport.com

About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

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