Genetic Testing Services Market Scope And Analysis

Report Code : TIPHE100001383
Category : Life Sciences

Status : Published
No. of Pages : 207

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Genetic Testing Services Market Analysis and Scope (2023 to 2030)

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Genetic Testing Services Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 3.86 Billion
Market Size by 2031	US$ 12.48 Billion
Global CAGR (2023 - 2031)	15.8%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Predictive Testing Carrier Testing Prenatal Testing Newborn Screening Diagnostic Genetic Testing By Disease Cancer Cardiovascular Diseases Metabolic Diseases Other Diseases By Service Provider Hospital-Based Laboratories Diagnostic Laboratories
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Laboratory Corporation of America Holdings F Hoffmann La Roche Ltd Illumina Inc Quest Diagnostics Inc Exact Sciences Corp NeoGenomics Inc Eurofins Scientific Ambry Genetics Centogene NV 23andMe Inc

Genetic Testing Services Market News and Recent Developments

The genetic testing services market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the genetic testing services market are listed below:

GeneDx enhanced its whole genome sequencing (WGS) offering, aiming to accelerate diagnoses and shorten the diagnostic odyssey for patients. These new features include faster turnaround time for rapid whole genome sequencing (rWGS), buccal samples, and repeat expansions. Combined with its industry-leading dataset and product enhancements, GeneDx improved the accessibility and effectiveness of whole genome sequencing for diagnostic purposes – eventually working to stop or reduce the progression of both common and rare diseases. (Source: GeneDx, Press Release, July 2024)
Progenesis, a renowned global genetic testing brand headquartered in the US, entered the Indian market with the inauguration of its first Genetic Laboratory in New Delhi and an artificial intelligence (AI) & Bioinformatics Data Centre in Chennai. The brand collaborates with local healthcare providers, fertility clinics, and medical practitioners to expand its footprint and make advanced genetic testing solutions more accessible to a wider audience. (Source: Progenesis, Press Release, December 2023)

Genetic Testing Services Market Report Coverage and Deliverables

The “Genetic Testing Services Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Genetic testing services market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Genetic testing services market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST and SWOT analysis
Genetic testing services market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the genetic testing services market
Detailed company profiles