North America Hereditary Testing Market Size & Outlook
North America hereditary testing market, 2018-2030 (US$M)
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North America hereditary testing market highlights
- The North America hereditary testing market generated a revenue of USD 2,391.6 million in 2023.
- The market is expected to grow at a CAGR of 8.4% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,391.6 million |
| Market revenue in 2030 | USD 4,210.9 million |
| Growth rate | 8.4% (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, North America region accounted for 32.9% 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 |
|---|
North America 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 84.71% in 2023. Horizon Databook has segmented the North America hereditary testing market based on hereditary cancer testing, hereditary non-cancer testing covering the revenue growth of each sub-segment from 2018 to 2030.
North America accounted for a substantial revenue share in 2020, owing to continuous development of hereditary genetic testing solutions by key vendors. For instance, in August 2018, LabCorp’s company Dynacare entered into an agreement with London Health Sciences Centre to conduct genetic testing for Charcot-Marie-Tooth disease, mitochondrial disorders, and epilepsy at its genetics laboratory in Canada.
Dynacare gained exclusive rights to provide multi-gene panel tests to patients throughout the U.S. and a few parts of Canada. Similarly, in September 2019, Finnish company Blueprint Genetics partnered with ARCHIMEDlife, a rare disease diagnostics company, to provide biochemical testing for rare diseases in North America.
Through the partnership, both firms planned to diversify their range of genetic disease testing services to better serve North American customers. Similar initiatives are expected to strengthen genetic testing scenario for hereditary disorders in North America, thereby accelerating regional revenue generation.
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Our clientele includes a mix of hereditary testing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America hereditary testing market, including forecasts for subscribers. This continent databook contains high-level insights into North America hereditary testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America hereditary testing market size, by country, 2018-2030 (US$M)
North America Hereditary Testing Market Share, 2023 & 2030 (US$M)
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