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Genetic Testing Market - Forecasts from 2017 to 2022

  • ID: 4425424
  • Report
  • 85 pages
  • Knowledge Sourcing Intelligence LLP
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  • 23&Me, Inc.
  • Abbott Laboratories
  • Ariosa Diagnostics, Inc.
  • AutoGenomics
  • Biocartis SA
  • Cepheid
  • MORE
The global genetic testing market is projected to grow at a CAGR of 11.76% to grow from US$4.620 billion in 2017 to US$5.783 billion in 2022. The global genetic testing demand is driven by a number of factors such as, aging global population, rising incidences of genetic and hereditary diseases, growing awareness, technological advancements and rise in application of genetic testing for early detection of various diseases.

With the development of new technologies and innovation in both scientific research and research equipment, genetic testing is headed towards an era of high significance in the near future. As investments in research and development related to genetic testing increases, the global genetic testing market is expected to witness a substantial boost in its overall growth in the next five years.

Geographical Analysis

North America holds the largest share of global genetic testing market owing to technological advancements, rising prevalence of genetic diseases and high quality of infrastructure to support the genetic testing industry in the region. However, emerging economies hold good potential for the growth of genetic testing market due to factors such as rising patient pool, more government funding supporting the investment in the industry and growing awareness regarding the technology. APAC region will witness the fastest market growth owing to rising aging population, rising purchasing power, and technological advancements in the region. However, the high cost of genetic testing coupled with unclear reimbursement structure, lack of skilled personnel, and lack of regulations in the market will restrain the growth of this market during the forecast period.

Research Methodology

The report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segments which have been covered as part of the report.

Market Dynamics

The next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides global and regional regulations which are determining the market growth and industry value chain analysis of the genetic testing market. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Competitive Insight

The major players discussed in this report include F. Hoffmann-La Roche Ltd, 23&Me, Inc., Precipio, Inc., AutoGenomics, Abbott Laboratories, Luminex Corporation with few others.


In the report, global genetic testing market has been segmented by product type, by diseases, by technology, and geography:

By Type
  • Prenatal Testing
  • New Born Screening
  • Diagnostic Testing
  • Carrier Testing
  • Predictive & Pre-symptomatic Testing
By Diseases
  • Cancer
  • Cystic Fibrosis
  • Sickle Cell Anemia
  • Duchenne’s Muscular Dystrophy
  • Alzheimer’s Diseases
  • Thalassemia
  • Huntington’s Disease
  • Others
By Technology
  • Introduction
  • Cyto-genetics Testing
  • Biochemical Testing
  • Molecular Testing
By Geography
  • North America
  • South America
  • Europe
  • Middle East and Africa (MEA)
  • Asia Pacific (APAC)
Note: Product cover images may vary from those shown
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  • 23&Me, Inc.
  • Abbott Laboratories
  • Ariosa Diagnostics, Inc.
  • AutoGenomics
  • Biocartis SA
  • Cepheid
  • MORE
1. Introduction
1.1. Market Definition
1.2. Scope of the Study
1.3. Currency
1.4. Assumptions
1.5. Base, and Forecast Years Timeline

2. Research Methodology
2.1. Research Design
2.2. Secondary Sources
2.3. Validation

3. Key Findings of the Study

4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities and Market Trends
4.4. Market Segmentation
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Industry Value Chain Analysis
4.7. Industry Regulations

5. Genetic Testing Market Forecast by Type (US$ Billion)
5.1. Introduction
5.2. Prenatal Testing
5.3. New Born Screening
5.4. Diagnostic Testing
5.5. Carrier Testing
5.6. Predictive & Pre-symptomatic Testing

6. Genetic Testing Market Forecast by Diseases (US$ Billion)
6.1. Introduction
6.2. Cancer
6.3. Cystic Fibrosis
6.4. Sickle Cell Anemia
6.5. Duchenne’s Muscular Dystrophy
6.6. Alzheimer’s Diseases
6.7. Thalassemia
6.8. Huntington’s Disease
6.9. Others

7. Genetic Testing Market Forecast by technology (US$ Billion)
7.1. Introduction
7.2. Cyto-genetics Testing
7.3. Biochemical Testing
7.4. Molecular Testing

8. Genetic Testing Market Forecast by Geography (US$ Billion)
8.1. Introduction
8.2. North America
8.3. South America
8.4. Europe
8.5. Middle East and Africa (MEA)
8.6. Asia Pacific (APAC)

9. Competitive Intelligence
9.1. Market Share Analysis
9.2. Strategies of Key Players
9.3. Recent Investments and Deals

10. Company Profiles
10.1. F. Hoffmann-La Roche Ltd
10.1.1. Overview
10.1.2. Financials
10.1.3. Products and Services
10.1.4. Key Developments
10.2. Abbott Laboratories
10.2.1. Overview
10.2.2. Financials
10.2.3. Products and Services
10.2.4. Key Developments
10.3. Precipio, Inc.
10.3.1. Overview
10.3.2. Financials
10.3.3. Products and Services
10.3.4. Key Developments
10.4. Ariosa Diagnostics, Inc.
10.4.1. Overview
10.4.2. Financials
10.4.3. Products and Services
10.4.4. Key Developments
10.5. Biocartis SA
10.5.1. Overview
10.5.2. Financials
10.5.3. Products and Services
10.5.4. Key Developments
10.6. Cepheid
10.6.1. Overview
10.6.2. Financials
10.6.3. Products and Services
10.6.4. Key Developments
10.7. 23&Me, Inc.
10.7.1. Overview
10.7.2. Financials
10.7.3. Products and Services
10.7.4. Key Developments
10.8. Luminex Corporation
10.8.1. Overview
10.8.2. Financials
10.8.3. Products and Services
10.8.4. Key Developments
10.9. Sequenom, Inc
10.9.1. Overview
10.9.2. Financials
10.9.3. Products and Services
10.9.4. Key Developments
10.10. AutoGenomics
10.10.1. Overview
10.10.2. Financials
10.10.3. Products and Services
10.10.4. Key Developments
10.11. Illumina, Inc
10.11.1 Overview
10.11.2. Financials
10.11.3. Products and Services
10.11.4. Key Developments
Note: Product cover images may vary from those shown
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4 of 4
  • F. Hoffmann-La Roche Ltd
  • Abbott Laboratories
  • Precipio, Inc.
  • Ariosa Diagnostics, Inc.
  • Biocartis SA
  • Cepheid
  • 23&Me, Inc.
  • Luminex Corporation
  • Sequenom, Inc
  • AutoGenomics
  • Illumina, Inc
Note: Product cover images may vary from those shown
5 of 4

The research study is based on the publisher's proprietary research model. The process involves sourcing of information from various industry experts, key professionals, decision-makers and various other stakeholders along with the validation of the responses received from the vast in-house database and premium paid databases. Publicly available sources were also taken into consideration for the final market estimates and forecast for the segments and sub-segments.

The first phase of the research process is the identification of key industry leaders, experts, decision-makers and C-level executives and then conducting interviews and surveys to gain vital insights about the market. Simultaneously, extensive secondary research is done, and key secondary data is collected as part of this process. This secondary data is collected from various databases, industry journals, whitepapers, company annual reports, research publications, and other paid data sources and relevant literature. Company profiles which include strategies, new product developments, recent investments, major products and services, financials and business plans are sourced from the annual reports, SEC filings, industry associations to preserve the quality of the information being displayed. The findings from both the primary and the secondary research process combined go under further processing for market breakdown and forecasting.

The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in a faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the collected data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. The publisher has developed their market forecasting methodology that, in addition to the main market values, also takes into account other macroeconomic factors (global or local) that might have some bearing on the market under study. Taking all the necessary data, a robust forecast is developed using an algorithm that involves both static (multivariate) as well as dynamic (time-series) regression analysis. Special care is taken to make sure their algorithm passes the necessary statistical tests, and the mean prediction for future years obtained is reliable with a very high confidence level. Following data validation, the analysts begin to write the report presenting insights with the help of charts, graphs, and tables.