Global Rare Disease Genetic Testing Market Size & Outlook
Global rare disease genetic testing market, 2016-2028 (US$M)
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Global rare disease genetic testing market highlights
- The global rare disease genetic testing market generated a revenue of USD 779.8 million in 2020 and is expected to reach USD 1,587.1 million by 2028.
- The market is expected to grow at a CAGR (2021 - 2028) of 9.3% by 2028.
- In terms of segment, neurological disorders accounted for a revenue of USD 100.0 million in 2020.
- Endocrine & Metabolism Diseases is the most lucrative disease type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2020.
- Country-wise, South Korea is expected to register the highest CAGR from 2021 to 2028.
Global data book summary
| Market revenue in 2020 | USD 779.8 million |
| Market revenue in 2028 | USD 1,587.1 million |
| Growth rate | 9.3% (CAGR from 2020 to 2028) |
| Largest segment | Neurological disorders |
| Fastest growing segment | Endocrine & Metabolism Diseases |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Neurological Disorders, Immunological Disorders, Hematology Diseases, Endocrine & Metabolism Diseases, Cancer, Musculoskeletal Disorders, Cardiovascular Disorders, Dermatology Disease |
Other key industry trends
- In terms of revenue, the North America accounted for 46.9% of the global rare disease genetic testing market in 2020.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 13.1 million by 2028.
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Rare Disease Genetic Testing Market Scope
Rare Disease Genetic Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global rare disease 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 rare disease genetic testing market will help companies and investors design strategic landscapes.
Neurological disorders was the largest segment with a revenue share of 12.82% in 2020. Horizon Databook has segmented the Global rare disease genetic testing market based on neurological disorders, immunological disorders, hematology diseases, endocrine & metabolism diseases, cancer, musculoskeletal disorders, cardiovascular disorders, dermatology disease covering the revenue growth of each sub-segment from 2016 to 2028.
- Global Rare Disease Genetic Testing Disease Type Outlook (Revenue, USD Million, 2016-2028)
- Neurological Disorders
- Immunological Disorders
- Hematology Diseases
- Endocrine & Metabolism Diseases
- Cancer
- Musculoskeletal Disorders
- Cardiovascular Disorders
- Dermatology Disease
- Others
- Global Rare Disease Genetic Testing Technology Outlook (Revenue, USD Million, 2016-2028)
- Next Generation Sequencing
- Whole Exome Sequencing
- Whole Genome Sequencing
- Array Technology
- PCR-based Testing
- FISH
- Sanger Sequencing
- Karyotyping
- Next Generation Sequencing
- Global Rare Disease Genetic Testing Specialty Outlook (Revenue, USD Million, 2016-2028)
- Molecular Genetic Tests
- Chromosomal Genetic Tests
- Biochemical Genetic Tests
- Global Rare Disease Genetic Testing End Use Outlook (Revenue, USD Million, 2016-2028)
- Research Laboratories & CROs
- Hospitals & Clinics
- Diagnostic Laboratories
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Target buyers of Global rare disease genetic testing market databook
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Our clientele includes a mix of rare disease 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 global-level data and insights on the Global rare disease genetic testing market , including forecasts for subscribers. This global databook contains high-level insights into Global rare disease genetic testing market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Global rare disease genetic testing market size, by regions, 2016-2028 (US$M)
Top 10 countries: Rare disease genetic testing market size, 2020 (US$M)
Global rare disease genetic testing market share, by disease type, 2020 & 2028 (%, US$M)
Rare disease genetic testing market: Opportunity assessment by country
Global rare disease genetic testing market, by region, 2020 (US$M)
| Disease Type | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 248.7 | 292.3 | 337.0 | 383.0 | 365.7 | 402.9 | 442.2 | 483.5 | 526.5 | 571.1 | 616.9 | 663.8 | 711.4 | 8.7% |
| Europe | 138.5 | 163.6 | 189.6 | 216.7 | 208.0 | 230.4 | 254.3 | 279.5 | 306.0 | 333.7 | 362.6 | 392.3 | 422.8 | 9.3% |
| Asia Pacific | 83.6 | 100.6 | 118.6 | 137.9 | 134.6 | 151.7 | 170.2 | 190.2 | 211.6 | 234.4 | 258.6 | 284.1 | 310.8 | 11.0% |
| Latin America | 33.5 | 39.5 | 45.8 | 52.3 | 50.1 | 55.5 | 61.2 | 67.2 | 73.5 | 80.1 | 86.9 | 93.9 | 101.2 | 9.2% |
| MEA | 14.7 | 17.2 | 19.8 | 22.4 | 21.4 | 23.5 | 25.8 | 28.1 | 30.6 | 33.1 | 35.7 | 38.3 | 41.0 | 8.5% |
| Overall | 518.9 | 613.2 | 710.8 | 812.3 | 779.8 | 864.0 | 953.6 | 1,048.4 | 1,148.1 | 1,252.3 | 1,360.6 | 1,472.4 | 1,587.1 | 9.3% |
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