Global 10 Top Hereditary Testing Market Growth in 2024; Analysis With Spherical Insights and Consulting
A research report by Spherical Insights & Consulting indicates that the Global Hereditary Testing Market is expected to expand from USD 6.20 billion in 2022 to USD 13.14 billion by 2032. This growth represents a Compound Annual Growth Rate (CAGR) of 7.8% over the forecast period.
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Hereditary testing, often referred to as genetic testing or DNA testing, is a medical procedure that analyzes an individual's DNA to identify genetic variations and mutations linked to inherited disorders or diseases. This testing offers important insights into a person’s risk factors, supports early detection, and aids in informed medical decisions. It can evaluate the likelihood of developing conditions such as cancer, cardiovascular diseases, or neurological disorders, and it helps determine how an individual may respond to specific medications, allowing for personalized treatment plans. The process typically involves collecting a sample—either blood or saliva—and analyzing it in a laboratory using advanced genetic sequencing technologies. Genetic counseling and professional interpretation of the results are essential components of this complex field.
Browse key industry insights spread across 200 pages with 130?Market data tables and figures & charts from the report on?the?"Global Hereditary Testing Market Size, Share, and COVID-19 Impact Analysis, By Disease Type (Hereditary Cancer Testing and Hereditary Non-cancer Testing), By Technology (Cytogenetic, Biochemical, and Molecular Testing), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032."
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The breast cancer hereditary testing segment is projected to grow at a CAGR of approximately 7.9% during the forecast period.
The global hereditary testing market is divided into hereditary cancer testing and hereditary non-cancer testing, with breast cancer hereditary testing expected to see significant growth. This rise is driven by increasing awareness of genetic predisposition to breast cancer and the critical role of early detection among both individuals and healthcare providers. Advances in genetic testing technologies have made these tests more accessible and accurate, facilitating the identification of gene mutations linked to hereditary breast cancer. Additionally, a growing focus on personalized medicine and targeted therapies for breast cancer treatment further propels the demand for hereditary testing. The rising prevalence of breast cancer and the potential for preventive interventions based on genetic risk assessments also contribute to the anticipated substantial growth in this segment.
The molecular testing segment is expected to grow at a CAGR of around 7.6% during the forecast period.
The global hereditary testing market is categorized into cytogenetic, biochemical, and molecular testing, with molecular testing projected to experience significant expansion. This method offers high sensitivity and specificity in detecting genetic variations and mutations, making it a crucial tool for diagnosing hereditary conditions. Advances in molecular biology techniques, such as PCR and next-generation sequencing (NGS), have enhanced the efficiency and accuracy of molecular testing, rendering it more accessible and cost-effective. The increasing prevalence of genetic disorders and the rising demand for personalized medicine are driving the adoption of molecular testing. Furthermore, the development of targeted therapies and precision medicine approaches is expected to further boost the demand for molecular testing during the forecast period.
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In 2022, the hereditary non-cancer testing segment accounted for around 73.5% market share
The global hereditary testing market is categorized by disease type into hereditary cancer testing and hereditary non-cancer testing. The hereditary non-cancer testing segment has emerged as the leading segment, capturing a substantial share of the market's revenue. This segment includes a diverse range of genetic disorders and conditions beyond cancer, such as cardiovascular diseases, neurological disorders, and rare genetic disorders. Its broad scope appeals to a larger population, as hereditary non-cancer conditions are common and affect individuals across various age groups and demographics. Furthermore, advancements in genetic research and technological innovations have significantly fueled the growth of hereditary non-cancer testing.
In 2022, the molecular testing segment dominated with more than 45.2% market share
Europe dominated the market with more than 34.1% revenue share in 2022.
Regionally, North America is expected to see significant growth in the hereditary testing market during the forecast period. The region boasts a robust healthcare infrastructure and a high level of awareness regarding genetic testing among both healthcare providers and the general public. Additionally, North America is home to numerous key players and innovators in the hereditary testing field, facilitating advancements in technology and test offerings. Favorable reimbursement policies and a strong research ecosystem also promote the adoption and expansion of hereditary testing services. Furthermore, the rising prevalence of genetic disorders and the increasing demand for personalized medicine are key factors driving market growth in North America.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global hereditary testing market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global hereditary testing market based on the below-mentioned segments:
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Hereditary Testing Market, By Disease Type
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领英推荐
Hereditary Testing Market, By Technology
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Hereditary Testing Market, Regional Analysis
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