Global Genetic Testing Market Size & Outlook, 2024-2030
Global genetic testing market, 2018-2030 (US$M)
Global genetic testing market highlights
- The global genetic testing market generated a revenue of USD 8,811.0 million in 2023 and is expected to reach USD 35,349.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 22% by 2030.
- In terms of segment, health and wellness - predisposition/ risk / tendency accounted for a revenue of USD 4,227.3 million in 2023.
- Health and Wellness - Predisposition/ Risk / tendency is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 8,811.0 million |
| Market revenue in 2030 | USD 35,349.0 million |
| Growth rate | 22% (CAGR from 2023 to 2030) |
| Largest segment | Health and wellness - predisposition/ risk / tendency |
| Fastest growing segment | Health and Wellness - Predisposition/ Risk / tendency |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ancestry & Ethnicity, Traits Screening, Genetic Disease Carrier Status, New Baby Screening, Health and Wellness - Predisposition/ Risk / tendency |
Other key industry trends
- In terms of revenue, the North America accounted for 46.2% of the global genetic testing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UAE is the fastest growing regional market and is projected to reach USD 28.8 million by 2030.
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Genetic Testing Market Scope
Genetic Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global genetic testing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to genetic testing market will help companies and investors design strategic landscapes.
Health and wellness - predisposition/ risk / tendency was the largest segment with a revenue share of 47.98% in 2024. Horizon Databook has segmented the Global genetic testing market based on ancestry & ethnicity, traits screening, genetic disease carrier status, new baby screening, health and wellness - predisposition/ risk / tendency covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Genetic Testing Application Outlook (Revenue, USD Million, 2018-2030)
- Ancestry & Ethnicity
- Traits Screening
- Genetic Disease Carrier Status
- New Baby Screening
- Health and Wellness - Predisposition/ Risk / tendency
- Global Genetic Testing Technology Outlook (Revenue, USD Million, 2018-2030)
- Next Generation Sequencing
- Array Technology
- PCR-based Testing
- FISH
- Others Technology
- Global Genetic Testing Product Outlook (Revenue, USD Million, 2018-2030)
- Consumables
- Equipment
- Software and Services
- Global Genetic Testing Channel Outlook (Revenue, USD Million, 2018-2030)
- Online
- Offline
- Global Genetic Testing End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals & Clinics
- Diagnostic Laboratories
- Others
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Target buyers of Global genetic testing market databook
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Our clientele includes a mix of genetic testing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global genetic testing market, including forecasts for subscribers. This global databook contains high-level insights into Global genetic testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global genetic testing market report size, by regions, 2018-2030 (US$M)
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