The Precision Genomic Testing 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 Precision Genomic Testing Market?
The Precision Genomic Testing Global Market Report 2025 reveals that the market size has significantly increased recently. It is forecast to experience a growth from $13.44 billion in 2024 to $15.00 billion in 2025, with a compound annual growth rate (CAGR) of 11.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Precision Genomic Testing Industry?
The Precision Genomic Testing Global Market is projected to reach a market size of $23.11 billion in 2029, experiencing a compound annual growth rate (CAGR) of 11.4%.
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What are the Key Growth Drivers Fueling the Precision Genomic Testing Market?
The key drivers in the precision genomic testing market are:
• Growing incidence of genetic disorders across the globe
• Advancement of precision genomic testing in early detection and diagnosis of genetic abnormalities
• Heightened risk of genetic disorders linked with increasing maternal age
• Demand for personalized treatment strategies facilitated by precision genomic testing.
Global Market Segmentation: Identifying Major Precision Genomic Testing Industry Segments
The precision genomic testing market covered in this report is segmented –
1) By Product And Service: Consumables, Equipment, Services
2) By Technology: Next-Generation Sequencing, Polymerase Chain Reaction, Microarray Technology, Sanger Sequencing, Clustered Regularly Interspaced Short Palindromic Repeats Or Clustered Regularly Interspaced Short Palindromic Repeats-Associated Systems, Other Technologies
3) By Application: Oncology, Cardiovascular Diseases, Neurological Disorders, Reproductive Health, Rare Diseases, Other Applications
4) By End-Users: Hospitals And Clinics, Diagnostic Laboratories, Research And Academic Institutes, Other End-Users
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What are the Emerging Trends Shaping the Future of the Precision Genomic Testing Market?
The key trends in the precision genomic testing market are:
• The development of innovative solutions such as ultra-sensitive circulating tumor deoxyribonucleic acid assays is a significant trend.
• There is a focus on facilitating earlier and more accurate detection of cancer in precision genomic testing.
• Personalized assays are being utilized for the detection of circulating tumor deoxyribonucleic acid at extremely low levels.
• Improvement in cancer treatment planning and patient management through precise detection of cancer recurrence is shaping the future of the market.
Who Are the Top Competitors & Leading Players in the Precision Genomic Testing Market?
Major players in the precision genomic testing market are:
• Roche Diagnostics International AG
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Agilent Technologies Inc.
• Illumina Inc.
• Revvity Inc.
• QIAGEN N.V.
• Exact Sciences Corporation
• Natera Inc.
• Myriad Genetics Inc.
• GenScript Biotech Corporation
• Fulgent Genetics Inc.
• Invitae Corporation
• NeoGenomics Laboratories Inc.
• Guardant Health Inc.
• Ambry Genetics Corporation
• Color Health Inc.
• Pacific Biosciences
• Eurofins Genomics LLC
• Precision Genetics
Regional Dominance: Which Area Leads the Global Precision Genomic Testing Market?
North America was the largest region in the precision genomic testing market in 2024
