"Designing Growth Strategies is in our DNA"
The global genetic testing market size was valued at USD 33.82 billion in 2024. The market is projected to grow from USD 37.32 billion in 2025 to USD 76.09 billion by 2032, exhibiting a CAGR of 10.7% during the forecast period. North America dominated the genetic testing market with a market share of 41.72% in 2024.
Genetic testing is a medical procedure that analyzes an individual's DNA, chromosomes, or proteins to identify genetic changes, known as mutations or variants that may cause or increase the risk of genetic conditions. It serves various purposes, including confirming diagnoses, assessing risks for inherited conditions, and guiding treatment decisions. The market includes products and services.
The technology is emerging as a remarkably advanced tool in modern healthcare, characterized by its high reliability and accuracy. The market is expected to increase significantly over the forecast period. This growth is driven by increasing awareness of genetic disorders, the rising prevalence of chronic diseases, and advancements in testing technologies such as Next-Generation Sequencing (NGS). Additionally, the growing demand for personalized medicine and direct-to-consumer genetic testing services is contributing to market expansion. Hoffmann-La Roche Ltd., Illumina, Inc., QIAGEN, and Quest Diagnostics Incorporated are some of the key players operating in the market.
Rising Prevalence of Chronic Disorders to Augment Market Growth
The growing elderly population, tobacco use and exposure, sedentary lifestyles, and overall poor health behavior are increasing the prevalence of chronic disorders such as diabetes, cystic fibrosis, sickle cell disease, down syndrome, and breast cancer.
Additionally, the rising number of patients with autoimmune disorders such as rheumatoid arthritis and celiac disease, combined with growing awareness regarding these conditions for early diagnosis and treatment, is significantly boosting the demand for genetic testing services and products across the globe.
Surge in New Product Launches to Boost Market
The rising incidences of cancer, hematological disorders, and genetic diseases is a significant factor contributing to the increasing demand globally. Additionally, the aging population intensifies the chances of developing these diseases, further boosting the need for these tests during the forecast period.
Moreover, leading industry players are focusing on introducing innovative clinical and diagnostic tests for various major diseases, including cancer and cardiac conditions, which is expected to drive genetic testing market growth.
Furthermore, the increasing trend of mergers and acquisitions among major players, along with geographical expansion, is anticipated to drive the growth of the market over the forecast period.
Shortage of Skilled Testing Personnel to Deter Market Growth
One of the major challenges for market expansion is the shortage of testing personnel, particularly in emerging markets. Additionally, insufficient availability of equipment and the lack of skilled healthcare professionals may hinder the market growth during the forecast period.
Additionally, resource-constrained environments, characterized by limited equipment availability, inadequate resources, and substandard laboratory materials, often prevent effective diagnostic practices, which are further expected to hamper the market growth.
Digitalization in the Data Management is Anticipated to Fuel Market Growth
The integration of genetic testing with digital health solutions, particularly Electronic Health Records (EHR), presents significant opportunities for enhancing healthcare delivery and patient outcomes. Digital genomics decision support tools and chatbots are emerging as effective means to scale genetic counseling processes, making it easier for patients to understand their genetic information and make informed health decisions.
Collaborations between companies and Electronic Health Record (EHR) vendors enhance clinical workflows by allowing providers to order tests and review results directly within their existing systems. This integration supports timely clinical decisions and optimizes treatment protocols based on genetic insights.
Regulatory Dynamics of Various Region to Challenge Market Progression
The market is experiencing rapid growth but it faces significant ethical and regulatory challenges that impact its development and adoption. The collection and utilization of genetic data raise critical issues regarding informed consent, data security, and potential discrimination.
In addition, the landscape is complicated by varying regulations across various regions, which can impede the development and distribution of genetic tests. Inconsistent regulatory frameworks are expected to create challenges for companies to meet compliance, as this regulatory fragmentation can stifle innovation and limit access in certain markets.
Moreover, cost poses significant challenges for the market. Although the costs associated with these testing have decreased over time, the expense remains prohibitive for many consumers, limiting widespread adoption. High out-of-pocket costs can deter individuals from pursuing testing that could provide valuable health insights or inform treatment decisions.
Shift to At-Home Genetic Testing and Digitalization is the Leading Market Trend
The shift to at-home and Direct-to-Consumer (DTC) genetic testing services is rapidly gaining traction in the market due to advances in genetic testing technologies. The increase in the number of affordable and accessible testing kits that allow individuals to understand their genetic predispositions is currently on the surge in the market. This trend is fueled by growing awareness of preventive healthcare. Additionally, the COVID-19 pandemic has accelerated the use of at-home tests.
Additionally, tailored medical treatment to individual genetic profiles is becoming more prevalent, enhancing treatment efficacy and reducing adverse effects. Furthermore, integration with Electronic Health Records (EHRs), such as incorporating genetic data into EHRs, facilitates comprehensive patient care and informed clinical decisions and is currently trending in the market.
Request a Free sample to learn more about this report.
COVID-19 Boosted Demand for PCR Testing Leading to Enhanced Market Growth
The COVID-19 pandemic significantly impacted the market, initially declining the demand for non-essential genetic tests due to lockdowns and restrictions on healthcare services. In 2020, the market growth rate slowed as many elective testing procedures were postponed or canceled. However, the pandemic also spurred an increase in genetic testing for COVID-19 diagnosis, which contributed to a shift in focus within the industry.
In 2022, the service demand returned to pre-pandemic levels and continued to expand, driven by advancements in technology and an increasing emphasis on early disease detection and preventive care.
Services Segment Dominated Market due to Rising Number of Laboratories
Based on type, the market is segmented into products and services. The products segment is further classified into equipment and consumables.
The services segment dominated the market in 2024. The segment’s growth is attributed to the increasing number of laboratories for genetic and genomic testing across the globe. Additionally, the strategic collaboration between the service providers and new test incorporation is expected to propel the market.
Such initiatives are expected to drive the market growth.
The product segment is expected to grow at the highest CAGR over the forecast period. The dominance of the segment is attributed to the higher number of tests conducted for the early diagnosis of genetic disorders and cancer testing, which is essential for personalized treatment approaches. Additionally, an increasing number of new equipment and kit launches for new indications are expected to significantly boost the consumables segment growth.
To know how our report can help streamline your business, Speak to Analyst
NextGeneration Sequencing (NGS) Segment Dominates Due to Escalated Precision Medicine Demand
Based on technique, the market is segmented into Next-Generation Sequencing (NGS), polymerase chain reaction, microarrays, in-situ hybridization, and others.
The NextGeneration Sequencing (NGS) segment holds the largest share of the market. The factors driving growth include the increased patient demand for precision medicine in the developed regions, industry investment, rising regulatory approvals, extensive R&D initiatives, and the introduction of futuristic products, services, and bioinformatics tools.
The polymerase chain reaction segment is anticipated to grow at a highest CAGR during the forecast period. Increasing research and development activities and growing demand for innovative tests have led to the introduction of various PCR technologies offering great benefits. The introduction of innovative devices and the launch of new kits by key market players is anticipated to drive market growth. Moreover, the introduction of these tests in clinical laboratories is expected to propel the segment growth.
Such technological advancements in dPCR are expected to fuel the market during the forecast timeframe (2025-2032).
Oncology Segment Dominated Due to Increasing Prevalence of Cancer
By application, the market is classified as oncology, prenatal testing, pharmacogenomics, cardiology, and others.
The oncology segment accounted for the largest genetic testing market share in 2024. The increasing prevalence of genetic disorders and cancer drives the demand for precise diagnostic tests. Advances in technology, such as high-throughput screening and DNA sequencing, enhance the ability to detect diseases early, leading to better patient outcomes. Additionally, the expansion of diagnostics laboratories is expected to drive the segment growth.
The pharmacogenomics segment is expected to grow significantly due to the rising emphasis on personalized medicine, where treatments are tailored based on individual genetic profiles. The rising acceptance of pharmacogenomics testing among healthcare providers and patients is driving segment growth.
North America Genetic Testing Market Size, 2024 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
North America dominated the market with USD 14.11 billion in 2024 and is projected to expand at a substantial CAGR during the forecast period. In North America, particularly the U.S., the market is projected to grow significantly due to increasing awareness of the benefits of these testing services, advancements in molecular biology, and a strong emphasis on personalized medicine. The high prevalence of chronic and genetic disorders drives the demand for testing services, while government support for direct-to-consumer testing enhances accessibility. Additionally, an increasing number of new product launches are expected to fuel the region’s growth in the near future.
These factors are expected to boost product adoption in the near future.
Europe is anticipated to grow at a moderate rate due to strong volumes in infectious diagnostics and increased investments in research and development, enhancing the availability of advanced testing solutions. Germany and the U.K. are benefitting from a robust healthcare infrastructure and government funding for genomic research, which promotes the integration of advanced genetic technologies into clinical practice. Additionally, strategic initiatives by key players, such as acquisitions and partnerships, are expected to drive the growth of the region.
In Asia Pacific, the market is projected to grow at the highest CAGR over the forecast period. This can be attributed to improvements in healthcare infrastructure, a high burden of genetic diseases such as thalassemia and sickle cell anemia, and rising public awareness about the advantages of these testing for early diagnosis and treatment. In China, increasing healthcare investments and a rising prevalence of genetic diseases are key drivers supported by government initiatives promoting precision medicine. The Japan market is growing fueled by advancements in genomic research and a focus on preventive healthcare.
Latin America is expected to expand significantly due to increasing clinical studies evaluating novel genetic tests and efforts to improve healthcare systems, which support greater access to services and products in the near future.
The Middle East & Africa is expanding fueled by increasing healthcare investments, rising awareness of genetic disorders, and advancements in medical technology. Such advancements facilitate the development of innovative testing solutions in countries such as Saudi Arabia and the UAE and are expected to fuel regional growth.
Hoffmann-La Roche Ltd. and Illumina, Inc. Hold Significant Shares due to Strong Product Portfolio
The global market is partially consolidated with key players such as Hoffmann-La Roche Ltd., Illumina, Inc., QIAGEN, and Quest Diagnostics Incorporated. Hoffmann-La Roche Ltd. is recognized for its strong focus on innovation and integration of genomic technologies into clinical practice, particularly in oncology and rare diseases.
Illumina, Inc.'s strong portfolio of sequencing products and services, coupled with its wide presence globally, drives the growth of the company. In addition, these players are constantly focusing on strategic initiatives, such as the introduction of new products & services and expansion of their offerings through partnerships and other initiatives.
Quest Diagnostics, another key player, is growing owing to the portfolio comprising diverse application areas such as autoimmune diseases, various diseases, and cardiovascular conditions.
Additionally, companies such as GeneDx and 23andMe Offer DTC testing services and provide insights into ancestry and health predispositions, which enhances their growth.
Trade policies and variations in regulation significantly impact the market by influencing the import and export of testing technologies and services. For instance, tariffs and restrictions on medical devices can increase costs for companies that want to bring innovative solutions to market, ultimately limiting access for healthcare providers and patients. Additionally, regulatory bodies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) play crucial roles in overseeing the safety and efficacy of genetic tests. Their stringent regulations necessitate that market players navigate complex compliance landscapes to ensure that their products meet safety standards, which can delay market entry and increase operational costs. Furthermore, the lack of a cohesive global regulatory framework for direct-to-consumer testing exacerbates these challenges.
Ongoing Research and Development (R&D) efforts in the market are primarily focused on enhancing the accuracy, speed, and affordability of genetic tests, which are crucial for meeting the growing demand for personalized healthcare solutions. Innovations in artificial intelligence (AI) and machine learning are increasingly being integrated into testing processes, enabling the interpretation of complex genetic data with greater precision. This technological advancement accelerates the diagnostic process and also facilitates the development of tailored treatment plans based on individual genetic profiles. These innovations and digitalization in the market are expected to surge the demand for precise diagnostics, further driving growth.
The report provides an in-depth analysis of the industry. It focuses on market segments, such as type, technique, application, and region. Besides, it offers the market forecast in relation to the current market dynamics, the impact of COVID-19, and the latest market trends. Additionally, the report consists of the global market share by various segments and the factors driving the market growth. The report also provides the competitive landscape of the market.
To gain extensive insights into the market, Request for Customization
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2032 |
Historical Period | 2019-2023 |
Growth Rate | CAGR of 10.7% from 2025-2032 |
Unit | Value (USD Billion) |
Segmentation | By Type
|
By Technique
| |
By Application
| |
By Region
|
Fortune Business Insights says that the global market stood at USD 33.82 billion in 2024 and is projected to reach USD 76.09 billion by 2032.
In 2024, the market value stood at USD 14.11 billion.
The market will exhibit a steady CAGR of 10.7% during the forecast period of 2025-2032.
By type, the services segment led the market in 2024.
Rising prevalence of chronic disorders and new product launches are key factors anticipated to drive the market growth.
Hoffmann-La Roche Ltd., and Ilumina, Inc. are the major players in the market.
North America dominated the market in 2024 by holding the largest share.
Related Reports
US +1 833 909 2966 ( Toll Free )