How big is the Genetic Testing Market?

The Genetic Testing Market size is expected to reach USD 19.66 billion in 2024 and grow at a CAGR of 10.81% to reach USD 32.83 billion by 2029. Read More

What is the current Genetic Testing Market size?

In 2024, the Genetic Testing Market size is expected to reach USD 19.66 billion. Read More

Who are the key players in Genetic Testing Market?

Abbott Laboratories, Danaher Corporation (Cepheid Inc.), Illumina Inc., BioRad Laboratories Inc. and F Hoffmann-La Roche AG are the major companies operating in the Genetic Testing Market. Read More

Which is the fastest growing region in Genetic Testing Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Genetic Testing Market?

In 2024, the North America accounts for the largest market share in Genetic Testing Market. Read More

What years does this Genetic Testing Market cover, and what was the market size in 2023?

In 2023, the Genetic Testing Market size was estimated at USD 17.53 billion. The report covers the Genetic Testing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Genetic Testing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the emerging trends in Genetic Testing Market?

The emerging trends in Genetic Testing Market are a) Direct-to-consumer testing b) Advancements in prenatal and newborn screening Read More

Genetic Testing Market Size | Industry Trends & Growth Analysis Report

Genetic Testing Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Global Genetic Testing Market Size is Segmented by Type (Carrier Testing, Diagnostic Testing, New-Born Screening, Predictive and Presymptomatic Testing, Prenatal Testing, and Other Types), Disease (Alzheimer's Disease, Cancer, Cystic Fibrosis, Sickle Cell Anemia, Duchenne Muscular Dystrophy, Thalassemia, Huntington's Disease, Rare Diseases, and Other Diseases), Technology (Cytogenetic Testing, Biochemical Testing, and Molecular Testing), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Report Offers Values in USD Million for the Above Segments.

Genetic Testing Industry Overview

The genetic testing market is highly competitive and consists of several major players. In terms of market share, a few major players currently dominate the market. The presence of major market players, such as Abbott Laboratories, BioRad Laboratories Inc., F Hoffmann-La Roche, and Illumina Inc., is increasing the overall competitive rivalry of the market. The product advancements and improvements in genetic testing platforms by the major players are increasing competitive rivalry.

Additionally, the key players are involved in strategic alliances, such as acquisitions and partnerships, with companies that complement their product portfolio to expand their presence globally. In September 2021, MedGenome Labs launched its direct-to-consumer category under the brand name Genessense. It will offer specialized, evidence-based genetic screening tests that can be ordered online through the Genessense website or via e-commerce platforms in the future.