Australia Hereditary Testing Market Size & Outlook
Australia hereditary testing market, 2018-2030 (US$M)
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Australia hereditary testing market highlights
- The Australia hereditary testing market generated a revenue of USD 160.5 million in 2023 and is expected to reach USD 295.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, hereditary non-cancer testing was the largest revenue generating disease type in 2023.
- Hereditary Non-cancer Testing is the most lucrative disease type segment registering the fastest growth during the forecast period.
Hereditary testing market data book summary
| Market revenue in 2023 | USD 160.5 million |
| Market revenue in 2030 | USD 295.0 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Hereditary non-cancer testing |
| Fastest growing segment | Hereditary Non-cancer Testing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.2% of the global hereditary 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 hereditary testing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 417.9 million by 2030.
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Hereditary Testing Market Scope
Hereditary Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 86.98% in 2023. Horizon Databook has segmented the Australia hereditary testing market based on hereditary cancer testing, hereditary non-cancer testing covering the revenue growth of each sub-segment from 2018 to 2030.
5.4.6 AUSTRALIA Presence of several public & private organizations that support diagnosis and management of hereditary breast cancer in Australia is expected to drive adoption of hereditary testing solutions to detect inherited gene mutations.
Some of the key organizations operating in Australia are Breast Cancer Network Australia, Royal Australian College of General Practitioners, Raising Children Network (Australia) Limited, Cancer Australia, Australian Law Reform Commission, and Pink Hope. Cancer Australia has laid down best practice guidelines for risk assessment and provides surveillance advice that high-risk women should follow.
It comprises options of genetic testing for hereditary mutations in BRCA1/BRCA2. Currently, the Family Cancer Clinics services or genetic cancer services are well-placed to follow best practice guidelines. Therefore, presence of supportive guidelines for genetic testing of hereditary breast cancers is expected to boost adoption of these testing techniques in Australia.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia hereditary testing market, including forecasts for subscribers. This country databook contains high-level insights into Australia hereditary testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia hereditary testing market size, by disease type, 2018-2030 (US$M)
Australia Hereditary Testing Market Share, 2023 & 2030 (US$M)
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