Australia Genetic Testing Market Size & Outlook, 2023-2030
Australia genetic testing market, 2018-2030 (US$M)
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Australia genetic testing market highlights
- The Australia genetic testing market generated a revenue of USD 165.2 million in 2023 and is expected to reach USD 745.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 24% from 2024 to 2030.
- In terms of segment, health and wellness - predisposition/ risk / tendency was the largest revenue generating application in 2023.
- Health and Wellness - Predisposition/ Risk / tendency is the most lucrative application segment registering the fastest growth during the forecast period.
Genetic testing market data book summary
| Market revenue in 2023 | USD 165.2 million |
| Market revenue in 2030 | USD 745.6 million |
| Growth rate | 24% (CAGR from 2023 to 2030) |
| Largest segment | Health and wellness - predisposition/ risk / tendency |
| Fastest growing segment | Health and Wellness - Predisposition/ Risk / tendency |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | 23andMe Holding Co Class A, Ancestry, Gene by Gene, Vitrolife AB ADR, Myriad Genetics Inc, Heritage Global Inc, Illumina Inc, Color, Amgen Inc, 24Genetics, Circle DNA, TellmeGen, Everly Health, Mapmygenome, Helix |
Other key industry trends
- In terms of revenue, Australia accounted for 1.9% of the global genetic testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China genetic testing market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,631.6 million by 2030.
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Genetic Testing Market Scope
Genetic Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 46.73% in 2023. Horizon Databook has segmented the Australia 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.
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Target buyers of Australia 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 country-level data and insights on the Australia genetic testing market, including forecasts for subscribers. This country databook contains high-level insights into Australia genetic testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia genetic testing market report size, by application, 2018-2030 (US$M)
Australia Genetic Testing Market Share, 2023 & 2030 (US$M)
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