Global Genetic Testing Market Size & Outlook
The genetic testing industry worldwide is expected to reach a projected revenue of US$ 35,349.0 million by 2030. A compound annual growth rate of 22% is expected of the worldwide genetic testing industry from 2024 to 2030.
Revenue, 2023 (US$M)
$8,811.0
Forecast, 2030 (US$M)
$35,349.0
CAGR, 2024 - 2030
22%
Report Coverage
Worldwide
Global genetic testing market, 2018-2030 (US$M)
Related Markets
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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Genetic Testing Market Scope
Genetic testing market segmentation & 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 2023. 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
Reasons to subscribe to Global genetic testing market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global genetic testing market databook
-
Our clientele includes a mix of genetic testing market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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.
Partial client list
Global genetic testing market report statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Genetic testing market report size, 2023 (USD Million)
Top 10 countries: Genetic testing market report size, 2023 (USD Million)
Global genetic testing market, by region, 2023 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
