Press release
Steady Expansion Forecast for DNA Diagnostics Market, Projected to Reach $37.35 Billion by 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.DNA Diagnostics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The DNA diagnostics sector has experienced swift expansion lately; projections indicate a rise from its 2024 valuation of $23.1 billion to $25.62 billion by 2025, reflecting a compound annual growth rate of 10.9%. This historical upward trajectory is largely fueled by the mounting need for customized medical treatments, the broader integration of genetic screening and molecular analysis into standard clinical procedures, heightened investment in biomedical studies, the increasing prevalence of cancer cases, and the wider deployment of diagnostic testing methodologies.
DNA Diagnostics Market Size Forecast: What's the Projected Valuation by 2029?
Anticipating substantial expansion, the DNA diagnostics market is projected to achieve a valuation of $37.35 billion by the year 2029, reflecting a consistent compound annual growth rate (CAGR) of 9.9% over the forecast duration, a surge fueled by the rising incidence of various cancers, a growing need for consistent and reliable diagnostic procedures, the escalating occurrence of inheritable conditions, heightened emphasis on identifying biomarkers, addressing rare illnesses and developing specialized orphan drugs, alongside the greater adoption of remote healthcare solutions and telehealth testing platforms.Key shifts shaping this industry throughout the coming years encompass the incorporating of microbiome analysis methodologies, application of blockchain infrastructure, assimilation of data derived from multiple omics disciplines, increased use of non-intrusive testing methods, the convergence of multi-omics datasets, innovation leading to handheld and easily accessible point-of-care DNA diagnostic instruments, and the continuous advancement of next-generation sequencing technologies.
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What Are the Drivers Transforming the DNA Diagnostics Market?
The increasing occurrence of conditions stemming from genetic abnormalities is anticipated to fuel the expansion of the DNA diagnostics sector in the future. These health issues, resulting from alterations in an individual's genetic makeup, are becoming more frequently observed due to enhanced diagnostic tools, broader availability of genetic screenings, external environmental factors, and the practice of marriages between relatives within communities, all contributing to a deeper recognition and identification of these hereditary ailments. Through the examination of genetic material, DNA diagnostics makes possible the accurate pinpointing of these disorders, thereby supporting prompt detection, tailored therapeutic approaches, and knowledgeable choices regarding family building. To illustrate the gravity of this, data released globally in February 2023 by the World Health Organization (WHO), the United Nations body focused on matters of worldwide health, indicated that birth defects resulted in approximately 240,000 infant fatalities worldwide within the first four weeks of age annually, with another 170,000 deaths occurring in children aged one month to five years attributed to these same congenital conditions. Consequently, the growing incidence of genetic problems serves as a major impetus for the advancement of the DNA diagnostics market.
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What Long-Term Trends Will Define the Future of the DNA Diagnostics Market?
Leading firms within the sphere of DNA diagnostics are concentrating their efforts on creating novel offerings, specifically liquid biopsy assays, aimed at facilitating the early identification of numerous cancer classifications. A liquid biopsy represents a less invasive clinical procedure designed to discover and examine molecular indicators, including but not limited to circulating tumor cells, cell-free DNA originating from neoplasms, or exosomes shed into the circulatory system from cancerous tissues or alternative cell populations. To illustrate, in May of 2023, the US healthcare diagnostics provider, Laboratory Corporation, introduced LabCorp Plasma Focus, a novel liquid biopsy intended to pinpoint optimal targeted treatments for individuals managing advanced or metastatic solid malignancies. This particular assessment employs genetic sequencing techniques to scrutinize the circulating cell-free DNA shed by malignant cells, thereby enabling medical oncologists to tailor and enhance patient management via customized targeted therapeutic strategies.
Which Segments in the DNA Diagnostics Market Offer the Most Profit Potential?
The dna diagnosticsmarket covered in this report is segmented -
1) By Product Type: Instruments; Reagents; Software And Services
2) By Technology: Polymerase Chain Reaction; Microarray; In-situ Hybridization; Sequencing Technology; Mass Spectrometry
3) By Application: Oncology; Infectious Diseases Treatment; Myogenic Disorder Treatment; Clinical Diagnostic Confirmation; Prenatal; Pre-Implantation; Other Applications
4) By End User: Point Of Care; Diagnostic Centers; Self-Testing Or Over-The-Counter (OTC)
Subsegments:
1) By Instruments: DNA Analyzers; PCR Machines (Polymerase Chain Reaction); Sequencers (Next-Generation Sequencing, Sanger Sequencing); Electrophoresis Systems; Gene Expression Analyzers; Microarray Systems; Flow Cytometers; Spectrophotometers
2) By Reagents: PCR Reagents; DNA Extraction Kits; Sequencing Reagents; Antibodies For DNADetection; Fluorescent Dyes And Probes; Chemicals For Nucleic Acid Purification; Buffer Solutions For DNA Analysis; Hybridization And Amplification Kits
3) By Software: DNA Data Analysis Software; Bioinformatics Platforms; Genomics Software For Sequencing Data; Laboratory Information Management Systems (LIMS); Data Visualization Tools; Genetic Variant Analysis Software; Genome Mapping Software
4) By Services: Genetic Testing Services; DNA Sequencing Services; Bioinformatics Consulting And Analysis; Clinical Diagnostic Services; Genetic Counseling Services; Custom DNA Diagnostics Services; Research And Development Services
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Which Firms Dominate the DNA Diagnostics Market by Market Share and Revenue in 2025?
Major companies operating in the DNA diagnostics market are F. Hoffmann-La Roche Ltd., Bayer AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Becton, dic*kinson and Company, Laboratory Corporation, Quest Diagnostics Incorporated, Eurofins Scientific SE, Agilent Technologies, Illumina Inc., PerkinElmer Inc., bioMérieux SA, Beckman Coulter Inc., Sysmex Corporation, Bio-Rad Laboratories Inc., QIAGEN N.V., Natera Inc., Myriad Genetics Inc., BGI Genomics Co. Ltd., Cepheid, NeoGenomics Laboratories Inc., 23andMe Holding Co, Ambry Genetics Corporation, Biocartis SA, CENTOGENE N.V., Veritas Genetics
Which Regions Offer the Highest Growth Potential in the DNA Diagnostics Market?
North America was the largest region in the DNA diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the DNA diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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