Asia Pacific Hereditary Testing Market Size & Outlook
Asia Pacific hereditary testing market, 2018-2030 (US$M)
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Asia Pacific hereditary testing market highlights
- The Asia Pacific hereditary testing market generated a revenue of USD 1,629.6 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, hereditary non-cancer testing was the largest revenue generating disease type in 2023.
- Hereditary Cancer Testing is the most lucrative disease type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,629.6 million |
| Market revenue in 2030 | USD 3,021.9 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Hereditary non-cancer testing |
| Fastest growing segment | Hereditary Cancer Testing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hereditary Cancer Testing, Hereditary Non-cancer Testing |
| Key market players worldwide | Myriad Genetics Inc, Invitae Corp, Illumina Inc, Natera Inc, Labcorp Holdings Inc, Roche Holding AG ADR, Quest Diagnostics Inc, CooperSurgical, Agilent Technologies Inc, Thermo Fisher Scientific Inc, Twist Bioscience Corp, Sophia Genetics SA, Fulgent Genetics Inc, MedGenome, Centogene NV Ordinary Shares, The Cooper Companies Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.5% of the global hereditary testing market in 2023.
- Globally, Europe 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 3,021.9 million by 2030.
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Hereditary Testing Market Scope
Hereditary Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific hereditary 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 hereditary testing market will help companies and investors design strategic landscapes.
Hereditary non-cancer testing was the largest segment with a revenue share of 85.95% in 2023. Horizon Databook has segmented the Asia Pacific hereditary testing market based on hereditary cancer testing, hereditary non-cancer testing covering the revenue growth of each sub-segment from 2018 to 2030.
Major growth factors influencing Asia Pacific hereditary testing market include increasing fertility rates, rising burden of inherited genetic diseases, developing healthcare infrastructure, and growing awareness about benefits of prenatal testing & newborn screening.
The high birth rates of several developing economies in the region are responsible for an increase in several birth defects & genetic diseases in infants. As per ESCAP Online Statistical Database, 2018, the crude birth rate (births per 1,000 population) in the Asia Pacific region was 16.0 in 2018. The following figure shows the crude birth rate in different regions of Asia Pacific.
As per World Bank data, in 2016, India had a fertility rate of 2.23 births per woman, which is much higher than China’s 1.62 per woman, and 1.80 per woman in the U.S. Although India’s total fertility rate is steadily declining, its birthrate is still very high as compared to developed economies. These factors are likely to create a cumulative demand for newborn and prenatal genetic testing across the Asia Pacific, which is expected to boost market growth.
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Our clientele includes a mix of hereditary testing market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hereditary testing market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hereditary testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific hereditary testing market size, by country, 2018-2030 (US$M)
Asia Pacific Hereditary Testing Market Share, 2023 & 2030 (US$M)
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