Global Precision Genomic Testing Market Size & Outlook

The precision genomic testing industry worldwide is expected to reach a projected revenue of US$ 35,201.1 million by 2030. A compound annual growth rate of 14.5% is expected of the worldwide precision genomic testing industry from 2024 to 2030.
Revenue, 2023 (US$M)
$13,624.5
Forecast, 2030 (US$M)
$35,201.1
CAGR, 2024 - 2030
14.5%
Report Coverage
Worldwide

Global precision genomic testing market, 2018-2030 (US$M)

Global precision genomic testing market highlights

  • The global precision genomic testing market generated a revenue of USD 13,624.5 million in 2023 and is expected to reach USD 35,201.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 14.5% by 2030.
  • In terms of segment, consumables accounted for a revenue of USD 13,624.5 million in 2023.
  • Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.


Global report summary

Market revenue in 2023USD 13,624.5 million
Market revenue in 2030USD 35,201.1 million
Growth rate14.5% (CAGR from 2023 to 2030)
Largest segmentConsumables
Fastest growing segmentConsumables
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationConsumables


Other key industry trends

  • In terms of revenue, the North America accounted for 43.3% of the global precision genomic testing market in 2023.

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Precision Genomic Testing Market Scope

Precision genomic testing market segmentation & scope
Consumables
Equipment
Services
Application
Oncology
Cardiovascular Diseases
Neurological Disorders
Reproductive Health
Rare Diseases
Others
Technology
Next-Generation Sequencing
Polymerase Chain Reaction
Microarray Technology
Sanger Sequencing
CRISPR/Cas Systems
Others
End Use
Hospitals and Clinics
Diagnostic Laboratories
Research & Academic Institutes
Others
Countries
U.S.
Canada
Mexico
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
Australia
China
India
Japan
South Korea
Thailand
Brazil
Argentina
UAE
South Africa
Saudi Arabia
Kuwait

Precision Genomic Testing Market Companies

Name Profile # Employees HQ Website

Global precision genomic 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 precision genomic testing market will help companies and investors design strategic landscapes.


Consumables was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global precision genomic testing market based on consumables covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Global precision genomic testing market databook

  • Our clientele includes a mix of precision genomic testing market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 global-level data and insights on the Global precision genomic testing market , including forecasts for subscribers. This global databook contains high-level insights into Global precision genomic testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global precision genomic testing market size, by regions, 2018-2030 (US$M)

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