Learn about the global genetic testing market through The Business Research Company, which provides information on genetic testing market size, genetic testing market drivers and restraints, genetic testing market players, the COVID-19 impact on the genetic testing market, and more.

The global genetic testing market is expected to grow from $13.72 billion in 2021 to $15.36 billion in 2022 at a compound annual growth rate (CAGR) of 12%. The global genetic testing market size is expected to grow to $22.91 billion in 2026 at a CAGR of 10.5%.

The rising prevalence of genetic disorders is expected to propel the growth of the genetic testing market going forward.

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The genetic testing market consists of the sale of genetic testing services by entities (organizations, partnerships, and sole proprietors) that are used to confirm specific genetic disorders in children and their conditions based on physical signs and symptoms. Genetic testing refers to a sort of medical examination that looks for alterations in genes, proteins, or chromosomes. A genetic test’s results can identify a genetic ailment as well as determine a person’s risk of developing a genetic disorder.

Global Genetic Testing Market Segments Include:
By Type: Predictive Testing, Carrier Testing, Prenatal and Newborn Testing, Diagnostic Testing, Pharmacogenomic Testing, Nutrigenomic Testing, Others

By Technology: Cytogenetic Testing, Biochemical Testing, Molecular Testing

By Disease: Alzheimer’s Disease, Cancer, Cystic Fibrosis, Sickle Cell Anemia, Duchenne Muscular Dystrophy, Thalassemia, Others

By Application: Cancer Diagnosis, Genetic Disease Diagnosis, Cardiovascular Disease Diagnosis, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global genetic testing market in 2021.

Technological advancement is a crucial trend gaining popularity in the genetic testing market. Major companies operating in the genetic testing market are focused on developing technology to sustain their position in the market.

TBRC’s genetic testing market report covers:

Major Market Players: Abbott Laboratories, Bio-Rad Laboratories Inc., Eurofins Scientific, F. Hoffmann-La Roche Ltd., Illumina Inc., Myriad Genetics Inc., QIAGEN, Thermo Fisher Scientific, Quest Diagnostics, BGI Group, Biocartis Group, 23 and Me Inc., Blueprint Genetics, CSL Limited, bioMerieux SA, PerkinElmer Inc., and Agilent Technologies Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Genetic Testing Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides genetic testing market overviews, analyzes and forecasts market size, share, genetic testing market players, genetic testing market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s genetic testing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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