Canada Rare Disease Genetic Testing Market Size & Outlook
Canada rare disease genetic testing market, 2016-2028 (US$M)
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Canada rare disease genetic testing market highlights
- The Canada rare disease genetic testing market generated a revenue of USD 50.5 million in 2020 and is expected to reach USD 113.3 million by 2028.
- The Canada market is expected to grow at a CAGR of 10.6% from 2021 to 2028.
- In terms of segment, immunological disorders was the largest revenue generating disease type in 2020.
- Endocrine & Metabolism Diseases is the most lucrative disease type segment registering the fastest growth during the forecast period.
Rare disease genetic testing market data book summary
| Market revenue in 2020 | USD 50.5 million |
| Market revenue in 2028 | USD 113.3 million |
| Growth rate | 10.6% (CAGR from 2020 to 2028) |
| Largest segment | Immunological disorders |
| Fastest growing segment | Endocrine & Metabolism Diseases |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 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 |
| Key market players worldwide | Quest Diagnostics Inc, Centogene NV Ordinary Shares, Invitae Corp, Eurofins Scientific SE, PerkinElmer, Macrogenics Inc, Fulgent Genetics Inc, Myriad Genetics Inc, Labcorp Holdings Inc, OPKO Health Inc, 3billion, ARUP Laboratories, Strand Life Sciences, Ambry Genetics, REALM IDx, Inc., Baylor Genetics, Health Network Laboratories, PreventionGenetics, Biora Therapeutics, CooperSurgical, Artemis DNA |
Other key industry trends
- In terms of revenue, Canada accounted for 6.5% of the global rare disease genetic testing market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. rare disease genetic testing market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 113.3 million by 2028.
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Rare Disease Genetic Testing Market Scope
Rare Disease Genetic Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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.
Immunological disorders was the largest segment with a revenue share of 12.67% in 2020. Horizon Databook has segmented the Canada 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.
Canadian Organization Rare Disorders (CORD) offers a strong platform to streamline health policy and a healthcare system that are dedicated to management of patients with rare disorders. The agency works with clinicians, researchers, governments, and diagnostic industry to advance R&D, diagnosis, treatment, and service availability for all rare conditions in the country.
In Canada, 1 out of 12 people has a rare disease. Thus, several framework and initiatives have been introduced over the past years to advance rare disease management in the country. For instance, the Rare Diseases Working Group (RDWG), introduced in 2016.
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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 country-level data and insights on the Canada rare disease genetic testing market , including forecasts for subscribers. This country databook contains high-level insights into Canada rare disease genetic testing market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Canada rare disease genetic testing market size, by disease type, 2016-2028 (US$M)
Canada Rare Disease Genetic Testing Market Outlook Share, 2020 & 2028 (US$M)
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