Genetic Testing Market

Genetic Testing Market Size By Technology (Array Technology, FISH, Next Generation Sequencing, PCR-based Testing, and Others), By Application (Traits Screening, New Baby Screening, Ancestry & Ethnicity, Genetic Disease Carrier Status, and Health and Wellness-Predisposition/Risk/Tendency), and By Product (Equipment, Consumables, and Software & Services), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13864
  • Published Date: Dec, 2023
  • Pages: 239
  • Category: Healthcare
  • Format: PDF
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The global genetic testing market was valued at USD 17.4 billion in 2022, growing at a CAGR of 9.8% from 2023 to 2032. The market is expected to reach USD 44.3 billion by 2032. The global genetic testing market is growing due to technological advancements, increasing genetic diseases, and the introduction of innovative products to treat genetic diseases.

Market Introduction:

Genetic testing, sometimes called DNA testing or genetic analysis, is a scientific and medical process that entails analysing and examining a person's deoxyribonucleic acid (DNA) to learn more about that person's genetic composition and genetic information. An individual's genetic predispositions, inherited features, risk of certain diseases, and other details can be learned through genetic testing, which can identify specific genetic variations, mutations, or modifications within their genome. Genetic testing is done for several reasons, such as studying ancestry and genealogy, determining carrier status for hereditary illnesses, detecting disease risk, diagnosing genetic abnormalities, and directing customised medical treatments. In genetic testing, a sample of genetic material—such as tissue samples, saliva, blood, or buccal swabs—is usually analysed to examine the person's DNA. The market is growing due to expanding awareness of newborn screening and the frequency of genetic diseases. For example, newborn screening programmes in the United States screen children for over 60 disorders, according to the American Association for Clinical Chemistry. Based on previously gathered disease prevalence and incidence statistics, the Department of Health and Human Services in the United States has developed the Recommended Uniform Screening Panel (RUSP), a list of conditions that require screening for specific genetic diseases.

Genetic Testing Market Size

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Recent Development

In June 2022, ColoClear by Circle (ColoClear) is a new non-invasive at-home screening test created by Prenetics Group Limited, a leader in genomic and diagnostic testing, to identify early indicators of colorectal cancer. 

In March 2022, Illumina's genome sequencing company introduced a European cancer test for many tumour genes in a single tissue sample. This test may make matching patients with uncommon diseases with appropriate treatments easier. 

Market Dynamics:


Growing prevalence of genetic diseases- Genetic diseases can result in health issues so severe that they make life impossible. In the worst circumstances, these illnesses may result in the miscarriage of the embryo or foetus that is impacted. The growing incidence of hereditary illnesses and birth abnormalities increases the need for genetic testing.


High cost of genetic testing- The cost of genetic testing can be high, and certain health insurance policies might not cover it. The cost of the various genetic tests varies depending on the specific ailment for which they are intended. states that the price range for genetic testing for cancer is rather broad, ranging from $300 to $5,000. The type and complexity of the test can affect how much genetic testing costs. Depending on the type of test and level of sophistication, the cost of genetic testing can range from USD 100 to USD 2,000 or more. The cost increases if multiple tests are needed or many family members must be tested to obtain a meaningful result. Each state has a different neonatal screening fee.


Increasing disposable income- Numerous economic and social factors, such as the financing arrangements and the structure of the health system's organisation, influence a nation's healthcare spending and its pace of rise over time. Specifically, there is a substantial correlation between a nation's total income and the amount of money its citizens spend on health care.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest global genetic testing market, with a 43.5% market revenue share in 2022.

This can be attributed to the availability of technologically enhanced diagnostic tools and the rising need for diagnostics due to the rising prevalence of chronic illnesses. Furthermore, it is anticipated that the rising prevalence of infectious diseases in the area, including COVID-19, TB, HIV, and influenza, would increase the need for diagnosis and treatment. In addition, the region's well-established healthcare system and the government's provision of research funding are further elements expected to support market expansion.

North America Region Genetic Testing Market Share in 2022 - 43.5%

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Technology Segment Analysis

The technology segment is divided into array technology, FISH, next-generation sequencing, PCR-based testing, and others. The next-generation sequencing segment dominated the market, with a market share of around 24% in 2022. The rise in next-generation sequencing applications, healthcare spending, technology improvements, and genomic mapping programmes are all credited with contributing to the expansion. DNA sequencing technology is on the rise in identifying and characterising various cancer types and genetic diseases.

Application Segment Analysis

The application segment is divided into traits screening, new baby screening, ancestry & ethnicity, genetic disease carrier status, and health and wellness-predisposition/risk/tendency. The health and wellness-predisposition/risk/tendency segment dominated the market, with a market share of around 29% in 2022. Predictive genetics and consumer/wellness genomics testing are in great demand due to the growing popularity of healthy lifestyles and healthcare industry awareness efforts.

Product Segment Analysis

The product segment is divided into equipment, consumables, and software & services. The consumables segment dominated the market, with a market share of around 40% in 2022. Consumables are widely used for genetic testing as they provide quick results and are expected to give high growth in the future.

Some of the Key Market Players:
  • Bio-Rad Laboratories, Inc.
  • Danaher Corporation
  • Illumina, Inc.
  • Qiagen N.V
  • Luminex Corporation
  • Abbott Laboratories
  • Myriad Genetics, Inc.
  • F. Hoffmann-La Roche Ltd.
  • Thermo Fisher Scientific, Inc.
  • CSL Limited

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 17.4 Billion
Market size value in 2032 USD 44.3 Billion
CAGR (2023 to 2032) 9.8%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Technology, Application, Product

Frequesntly Asked Questions

As per The Brainy Insights, the size of the genetic testing market was valued at USD 17.4 billion in 2022 to USD 44.3 billion by 2032.

The global genetic testing market is growing at a CAGR of 9.8% during the forecast period 2023-2032.

North America emerged as the largest genetic testing market.

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This study forecasts global, regional, and country revenue from 2019 to 2032. The Brainy Insights has segmented the global genetic testing market based on the below-mentioned segments:

Global Genetic Testing Market By Technology:

  • Array Technology
  • FISH
  • Next Generation Sequencing
  • PCR-based Testing
  • Others

Global Genetic Testing Market By Application:

  • Traits Screening
  • New Baby Screening
  • Ancestry & Ethnicity
  • Genetic Disease Carrier Status
  • Health and Wellness-Predisposition/Risk/Tendency  

Global Genetic Testing Market By Product:

  • Equipment
  • Consumables
  • Software & Services  

Global Genetic Testing Market By Region:                                  

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


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