The Genetic Testing Services Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Genetic Testing Services Market?
The market size for genetic testing services has seen a swift expansion recently. It was projected to go up from $19.19 billion in 2024 to $21.42 billion in 2025, a compound annual growth rate (CAGR) of 11.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Genetic Testing Services Industry?
The market size of genetic testing services is anticipated to expand to $32.77 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 11.2%.
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What are the Key Growth Drivers Fueling the Genetic Testing Services Market?
The drivers in the genetic testing services market are:
• Rising demand for personalized and precision medicine
• Growing incidence of genetic disorders
• High demand for prenatal testing during pregnancy
• Increased awareness and education about genetic testing services
Global Market Segmentation: Identifying Major Genetic Testing Services Industry Segments
The genetic testing services market covered in this report is segmented –
1) By Type: Predictive Testing, Carrier Testing, Prenatal Testing, Newborn Screening, Other Types
2) By Disease: Cancer Disease, Metabolic Disease, Cardiovascular Disease, Other Diseases
3) By End User: Diagnostic Laboratories, Hospitals And Clinics, Academic Institutes And Research Centers, Other End Users
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What are the emerging Trends Shaping the Future of the Genetic Testing Services Market?
The trends in the genetic testing services market are:
• Artificial intelligence and machine learning are increasingly getting involved in the genetic testing services industry.
• Advancements are being seen in the realm of user-friendly testing kits and digital platforms.
• Techniques such as next-generation sequencing, microarray analysis, and polymerase chain reaction (PCR) have become important trends.
• There is a noted enhancement in healthcare infrastructure assisting genetic testing services.
Who Are the Top Competitors & Leading Players in the Genetic Testing Services Market?
The major players in the genetic testing services market are:
• The key players in the genetic testing services market include F.
Regional Dominance: Which Area Leads the Global 2025 Genetic Testing Services Market Report: Key Trends, Market Size & Future Projections Market?
North America was the largest region in the genetic testing services market in 2023
