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Genetic Testing - Market Analysis, Trends, and Forecasts

  • ID: 338531
  • Report
  • February 2020
  • Region: Global
  • 79 Pages
  • Global Industry Analysts, Inc
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Genetic Testing market worldwide is projected to grow by US$7.6 Billion, driven by a compounded growth of 14%. Genetic Testing, one of the segments analyzed and sized in this study, displays the potential to grow at over 14%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$12.6 Billion by the year 2025, Genetic Testing will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 15% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$299.8 Million to the region's size and clout in the next 5 to 6 years. Over US$363.1 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Genetic Testing will reach a market size of US$852.9 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 13.8% over the next couple of years and add approximately US$1.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • 23andMe Inc.
  • Abbott Laboratories
  • AutoGenomics Inc.
  • Biocartis NV
  • BioRad Laboratories
  • Cepheid Inc.
  • ELITech Group S.P.A.
  • Illumina Inc.
  • Laboratory Corporation of America Holdings
  • Sequenom Inc.
  • Luminex Corporation
  • Natera Inc.
  • PerkinElmer Inc.
  • QIAGEN N.V.
  • Quest Diagnostics Inc.
  • Roche Diagnostics AG.
  • Roche Molecular Diagnostics Inc.
  • Thermo Fisher Scientific
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Recent Market Activity

A Prelude

Top Ten Genetic Disorders Worldwide

Genetic Testing Market Experiences Exponential Growth

Regional Landscape

Key Challenges

Genetic Testing Paves the Way for Personalized Medicine

Next-Generation Sequencing (NGS) - A Giant Leap in Genome Sequencing

Biomarker Discovery Leads to Advanced Genetic Testing

List of US-FDA Approved Biomarkers for Cancer

Ballooning Global Population Offers Increased Growth Opportunities

Aging Population Drives the Genetic Testing Market

Improving Healthcare Expenditure to Drive Demand

Competitive Overview

Global Competitor Market Shares

Genetic Testing Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

23andMe, Inc. (USA)

Abbott Laboratories (USA)

AutoGenomics, Inc. (USA)

Biocartis NV (Belgium)

BioRad Laboratories (USA)

Cepheid Inc. (USA)

ELITech Group S.P.A. (France)

Illumina, Inc. (USA)

Laboratory Corporation of America Holdings (USA)

Sequenom, Inc. (USA)

Luminex Corporation (USA)

Natera, Inc. (USA)

PerkinElmer, Inc. (USA)

QIAGEN N.V. (The Netherlands)

PerkinElmer, Inc. (USA)

Roche Diagnostics AG (Switzerland)

Roche Molecular Diagnostics, Inc. (USA)

Thermo Fisher Scientific Inc. (USA)

3. MARKET TRENDS & DRIVERS

Direct-to-Consumer Genetic Testing - A Key Trend in the Genetic Testing Market

Direct-to-Consumer Genetic Testing is Here to Stay

Creating a Platform for New Companies

Business Models for DTC Genetic Testing Firms

Growing Prominence of DTC Genetic Testing: A Boon or a Curse?

Challenges to DTC-GT Market

Considerations for Market Entry

Emphasizing Consumer Empowerment

Offer Wraparound Provision

Offer Wraparound Provision

Whole Genome Sequencing (WGS) - Boon or Bane to Genetic Testing?

Utility of Genetic Testing for Warfarin Study

As Technologies Grow, Need for Better Interpretation of Tests Increases

Focus on Health & Wellness and Genetic Counseling

Selling Collected Patient Genetic Information Becomes a New Business

Oncology - A Key Focus Area for Genetic Testing

Liquid Biopsy to Change the Face of Cancer Diagnosis and Treatment

Genetic Testing May Aid CNS Disease Therapeutics

Neurodegenerative Diseases - Another Major Focus Area for Genetic Testing

Alzheimer's Disease

Validity of Emerging Genetic Tests for Alzheimer's

Newly Developed Test Predicts Age of Onset of Alzheimer's

Huntington's Disease

Genetic Testing - An Indispensable Tool for Cystic Fibrosis

Recommendations of ACOG and ACGM Augments Demand for Cystic Fibrosis Testing

Histocompatibility Testing

Pediatric Genetic Testing for Screening Adult Onset Disorders Fast Gaining Acceptance

Point-of-Care Genetic Testing Gains Popularity

Better Regulatory Safeguards Required for Global Genetic Testing Industry

Challenges Faced

Controversial Applications Marr Genetic Testing Market

Genetic Counseling Gaining Momentum

Online Approach Gains Momentum

Ethical Issues & Need for Appropriate Regulating Policies

Issues Related to Genetic Tests for Obesity

Diagnosis and Treatment during Pregnancy - An Effective Way of Alleviating Syphilis Related Deaths and Stillbirths

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Genetic Testing Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 2: Genetic Testing Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017

TABLE 3: Genetic Testing Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

Market Analytics

TABLE 4: United States Genetic Testing Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 5: Genetic Testing Market in the United States: A Historic Review in US$ Million for 2009-2017

CANADA

TABLE 6: Canadian Genetic Testing Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 7: Canadian Genetic Testing Historic Market Review in US$ Million: 2009-2017

JAPAN

TABLE 8: Japanese Market for Genetic Testing: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 9: Genetic Testing Market in Japan: Historic Sales Analysis in US$ Million for the Period 2009-2017

CHINA

TABLE 10: Chinese Genetic Testing Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 11: Genetic Testing Historic Market Analysis in China in US$ Million: 2009-2017

EUROPE

Market Facts & Figures

Market Analytics

TABLE 12: European Genetic Testing Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 13: Genetic Testing Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017

TABLE 14: European Genetic Testing Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

FRANCE

TABLE 15: Genetic Testing Market in France: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 16: French Genetic Testing Historic Market Scenario in US$ Million: 2009-2017

GERMANY

TABLE 17: Genetic Testing Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 18: German Genetic Testing Historic Market Analysis in US$ Million: 2009-2017

ITALY

TABLE 19: Italian Genetic Testing Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 20: Genetic Testing Historic Market Analysis in Italy in US$ Million: 2009-2017

UNITED KINGDOM

TABLE 21: United Kingdom Market for Genetic Testing: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 22: Genetic Testing Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2009-2017

REST OF EUROPE

TABLE 23: Rest of Europe Genetic Testing Market Estimates and Forecasts in US$ Million: 2018-2025

TABLE 24: Genetic Testing Market in Rest of Europe in US$ Million: A Historic Review for the Period 2009-2017

ASIA-PACIFIC

TABLE 25: Genetic Testing Market in Asia-Pacific: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 26: Asia-Pacific Genetic Testing Historic Market Scenario in US$ Million: 2009-2017

REST OF WORLD

TABLE 27: Rest of World Genetic Testing Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 28: Rest of World Genetic Testing Historic Market Review in US$ Million: 2009-2017

IV. COMPETITION

Total Companies Profiled: 85

Note: Product cover images may vary from those shown
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