Latin America Genetic Testing Market Size & Outlook
Latin America genetic testing market, 2018-2030 (US$M)
Latin America genetic testing market highlights
- The Latin America genetic testing market generated a revenue of USD 514.6 million in 2023.
- The market is expected to grow at a CAGR of 19.3% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 514.6 million |
| Market revenue in 2030 | USD 1,767.4 million |
| Growth rate | 19.3% (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 |
| 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, Latin America region accounted for 5.8% of the global genetic testing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,433.9 million by 2030.
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Genetic Testing Market Scope
Genetic Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 47.51% in 2024. Horizon Databook has segmented the Latin America 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 Latin America 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 continent-level data and insights on the Latin America genetic testing market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America genetic testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America genetic testing market
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