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Genetic Testing Service Market by Type (Predictive Testing, Carrier Testing, Prenatal Testing, Newborn Screening, Others), by Disease (Cancer Disease, Metabolic Disease, Cardiovascular disease, Others), by End User (Diagnostic Laboratories, Hospitals & Clinics, Academic Institutes & Research Centers, Others), by North Americ (United States, Canada, Mexico), by South America (Brazil, Mexico, Rest of South America), by Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), by MEA (Middle East, Africa) Forecast 2024-2032
The Genetic Testing Service Market size was valued at USD 8.20 billion in 2023 and is projected to reach USD17.30 billion by 2032, exhibiting a CAGR of 21.2 % during the forecast period. The Genetic Testing Service industry is the collective identification of the tests that aim to analyze DNA and determine the chances of contracting a certain disease, ethnicity of a person, or specific traits. Such services are used for determining inherited diseases, assisting in the decision of treatment, relation for specific diseases, and guidance for lifestyle choices. uses range from healthcare and as a means of identifying individuals, ancestral origins, and forensic evidence. Important trends and developments in the market include the evolution of sequencing technologies, the popularity of DTC genetic testing, the growing interest in personalized medicine, and the awareness of genetic diseases. Moreover, regulatory support and the decreasing price of genetic testing are promoting the market and making genetic insights broadly available to a population.
Type:
Disease:
End User:
This market research report provides comprehensive insights into the global genetic testing service market, including:
The North American region held the largest market share in 2021 due to the high prevalence of chronic diseases, early adoption of genetic technologies, and well-established healthcare infrastructure. The Asia-Pacific region is expected to experience the fastest growth during the forecast period, driven by increasing healthcare spending and awareness about genetic testing.
The report provides detailed insights into the competitive landscape of the genetic testing service market, including company profiles, market shares, and recent developments.
The report provides an in-depth analysis of pricing trends in the genetic testing service market, including historical and projected pricing data for different types of genetic tests.
The report provides data on the import and export of genetic testing products and services, including major importing and exporting countries, and trade patterns.
The report provides comprehensive segmentation of the genetic testing service market based on type, disease, end user, and region. The report also includes a regional segmentation with detailed analysis of market size, growth, and opportunities in different regions.
The report provides a detailed analysis of patents and trademarks related to genetic testing services, including information on patent holders, expiration dates, and geographical coverage.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.2% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.2% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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Secondary Research
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