Executive Summary
The Global Genetic Diagnostics market was valued at USD 10.68 billion in 2021 and is expected to grow at a CAGR of 10.31% during the forecast period of 2023-2028. The genetic diagnostics market is driven by a rising number of genetic disorder cases. The growth of the Genetic Diagnostics market geographically is driven both by increasing awareness of the value of genetic testing among the population and increasing national investments in the healthcare sector by the Government and the organizations.
Globally, Cancer accounts for one-sixth of global deaths with up to 10-15% of all cancers caused by inherited genetic changes. Thus, genetic diagnostics play a crucial role in identifying the disease. Cardiovascular diagnostics account for the highest growth in coming years. Moreover, heart-related disorders are mostly inherited from parents to their children. Cardiovascular genomic diagnostics testing, therefore, helps in detecting these inherited diseases such as cardiac channelopathies and congenital heart diseases.
By Type, the Prenatal and newborn genetic diagnostics segment dominates the market due to rising awareness among people about healthcare and increasing mortality rates caused by genetic disorders. Further, the rising geriatric population, technological advancements and increasing demand for genetic testing are factors dominating the share of Molecular Testing.
The increasing pattern of greater awareness among healthcare professionals, doctors and patients towards genetic diagnostics is further expected to strongly boost the global market as well as testing volume across several medical specialities. Further, the adoption of direct-to-consumer genetic testing kits in countries like the United States, China, and Japan is growing rapidly. With increasing technological adoptions, awareness programs, and a decline in costs, the market for DTC-GT kits is likely to witness a significant boost over the forecast period.
Scope of the Report
• The report presents the analysis of the Genetic Diagnostics market for the historical period of 2018-2021, the estimated year 2022 and the forecast period of 2023-2028.
• The report analyses the Genetic Diagnostics Market by Value (USD Million).
• The report analyses the Genetic Diagnostics Market By Type (Predictive and Presymptomatic Testing, Diagnostics Testing, Prenatal and Newborn Testing, Pharmacogenetic Testing, Other Application).
• The report analyses the Genetic Diagnostics Market By Technology (Cytogenetic Testing, Biochemical Testing, Molecular Testing)
• The report analyses the Genetic Diagnostics Market By Application (Cancer Diagnosis, Genetic Disease Diagnosis, Cardiovascular Disease Diagnosis, Other Applications).
• The Global Genetic Diagnostics Market has been analysed by countries (United States, Canada, Germany, UK, France, Spain, China, Japan, India, Australia).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by type, by technology, by application.
• Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Abbott Laboratories, Roche Holding AG, Illumina Inc., Thermo Fisher Scientific, BioRad Laboratories Inc., Quest Diagnostics Inc., Baylor Genetics, Danaher Corporation, Myriad Genetics, QIAGEN.
Key Target Audience
• Clinics and Hospitals
• Healthcare Industry
• Biotechnology Industry
• Consulting and Advisory Firms
• Research and Development Organizations
1. Introduction
1.1 Genetic Diagnostics Overview
1.2 Scope of Research
2. Executive Summary
2.1 Market Dashboard
2.2 Regional Insights
2.3 Market Ecosystem Factors
3. Research Methodology
3.1 Data Collection Process
3.2 Market Trajectory Estimation
3.3 Market Size Calculation
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Trends
4.5 Impact assessment of Market Dynamics
5. Covid-19 Impact Assessment
5.1 Assessment of Degree of Impact of Covid-19 on Genetic Diagnostics Market
5.2 Region-Wise Quarterly Covid Impact Analysis
6. Porter's Five Force Analysis
7. Macro Economic Indicator Outlook
7.1 Gross National Income, PPP
7.2 Global Medical Spending
7.3 Current Healthcare Expenditure
7.4 Global Cancer Incidences
7.5 Manufacturing Sector
8. Competitive Positioning
8.1 Companies' Product Positioning
8.2 Market Position Matrix
8.3 Market Share Analysis
8.4 Company Profiling
8.4.1 Abbott Laboratories
8.4.2 Roche Holding AG
8.4.3 Illumina Inc.
8.4.4 Thermo Fisher Scientific
8.4.5 BioRad Laboratories Inc.
8.4.6 Quest Diagnostics Inc.
8.4.7 Danaher Corporation
8.4.8 Myriad Genetics
8.4.9 QIAGEN
8.4.10 Baylor Genetics
9. Global Genetic Diagnostics Market Trends and Forecast Analysis, 2018-2028, USD Million & CAGR
9.1 Macro Economic Factor Impact Index
9.2 Global Genetic Diagnostics Market: Dashboard
9.3 Global Genetic Diagnostics Market Size, By Value, 2018-2028(USD Million)
9.4 Global Genetic Diagnostics Market: Summary
10. Global Genetic Diagnostics Market Trend And Forecast Analysis, 2018-2028, By Type
10.1 Global Genetic Diagnostics Market Trend And Forecast Analysis, By Type: Snapshot
10.2 Predictive and Presymptomatic Testing
10.3 Diagnostics Testing
10.4 Prenatal and Newborn Testing
10.5 Pharmacogenetic Testing
10.6 Other Application
11. Global Genetic Diagnostics Market Trend And Forecast Analysis, 2018-2028, By Technology
11.1 Global Genetic Diagnostics Market Trend And Forecast Analysis, By Type: Snapshot
11.2 Cytogenetic Testing
11.3 Biochemical Testing
11.4 Molecular Testing
12. Global Genetic Diagnostics Market Trend And Forecast Analysis, 2018-2028, By Application
12.1 Cancer Diagnosis
12.2 Genetic Disease Diagnosis
12.3 Cardiovascular Disease Diagnosis
12.4 Other Application
13. Global Genetic Diagnostics Market Trend And Forecast Analysis, 2018-2028, By Regional Analysis
13.1 Regional Coverage of the Study
14. Americas Genetic Diagnostics Market Trends and Forecast Analysis, 2018-2028, USD Million & CAGR
14.1 Macro Economic Factor Impact Index
14.2 Impact analysis of market dynamics on the Americas Genetic Diagnostics Market
14.3 Americas Genetic Diagnostics Market: Dashboard
14.4 Americas Genetic Diagnostics Market Size, By Value, 2018-2028(USD Million)
14.5 Americas Genetic Diagnostics Market Trend And Forecast Analysis: Segmentation
14.5.1 By Type
14.5.2 By Technology
14.5.3 By Application
14.5.4 By Country
14.5.4.1 United States
14.5.4.2 Canada
14.5.4.3 Rest of Americas
15. Europe Genetic Diagnostics Market Trends and Forecast Analysis, 2018-2028, USD Million & CAGR
15.1 Macro Economic Factor Index
15.2 Impact analysis of market dynamics on the Genetic Diagnostics Market
15.3 Europe Genetic Diagnostics Market: Dashboard
15.4 Europe Genetic Diagnostics Market Size, By Value, 2018-2028 (USD Million)
15.5 Europe Genetic Diagnostics Market Trend And Forecast Analysis: Segmentation
15.5.1 By Type
15.5.2 By Technology
15.5.3 By Application
15.5.4 By Country
15.5.4.1 Germany
15.5.4.2 United Kingdom
15.5.4.3 France
15.5.4.4 Spain
15.5.4.5 Rest of Europe
16. Asia Pacific Genetic Diagnostics Market Trends and Forecast Analysis, 2018-2028, USD Million & CAGR
16.1 Macro Economic Factor Impact Index
16.2 Impact analysis of market dynamics on Asia Pacific Genetic Diagnostics Market
16.3 Asia Pacific Genetic Diagnostics Market: Dashboard
16.4 Asia Pacific Genetic Diagnostics Market Size, By Value, 2018-2028(USD Million)
16.5 Asia Pacific Genetic Diagnostics Market Trend And Forecast Analysis: Segmentation
16.5.1 By Type
16.5.2 By Technology
16.5.3 By Application
16.5.4 By Country
16.5.4.1 China
16.5.4.2 India
16.5.4.3 Japan
16.5.4.4 Australia
16.5.4.5 Rest of APAC
17. Middle East and Africa Genetic Diagnostics Market Trends and Forecast Analysis, 2018-2028, USD Million & CAGR
17.1 Macro Economic Factor Impact Index
17.2 Impact analysis of market dynamics on Genetic Diagnostics Market
17.3 Middle East and Africa Genetic Diagnostics Market: Dashboard
17.4 Middle East and Africa Genetic Diagnostics Market Size, By Value, 2018-2028 (USD Million)
17.5 Middle East and Africa Genetic Diagnostics Market Trend And Forecast Analysis: Segmentation
17.5.1 By Type
17.5.2 By Technology
17.5.3 By Application
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