The global genetic testing market size is anticipated to reach USD 39.25 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 22.5% from 2025 to 2030. The growth of the genetic testing industry is majorly attributed to the rising prevalence of genetic conditions, increasing investments in R&D, and initiatives by prominent market players. Moreover, increasing emphasis on personalized medicines is also likely to have a positive impact on the direct-to-consumer genetic testing industry.

Furthermore, government authorities are focusing on implementing national programs to encourage and consolidate genetic research. The primary goal of these national genetic research programs is to increase their investments in the compilation of data with an aim to develop personalized treatment plans and medicines, suitable for diverse ethnicities equally. To achieve this goal, awareness and acceptance of genetic testing is expected to play a crucial role.

Genetic testing has major applications in the diagnosis and monitoring of chronic illnesses such as cancers. Owing to increasing incidences of various forms of cancers, and a relatively higher rate of remission provided by the use of testing methodologies, it is expected that this segment with grow at the fastest growth rate in the personalized diagnostics segment throughout the forecast period. In addition, companies are collaborating to integrate advanced informatics tools for efficient diagnosis of cancer which is further contributing to the segment growth.

For instance, in February 2021, Tempus entered in a collaboration with Precision Health Informatics for accelerating the advancement of Precision Medicine (PM) in oncology. Precision Health Informatics leveraged Tempus’ genomic sequencing capabilities and AI-enabled platform to create an efficient personalized patient care and clinical research program.

Gather more insights about the market drivers, restrains and growth of the Genetic Testing Market

Genetic Testing Market Report Highlights

• By technology, Next-generation sequencing is a relatively more mature segment and held the largest genetic testing industry share in 2024, Owing to the increasing number of pharmaceutical and biotechnology companies establishing in-house research stations for developing a personalized treatment for cancers 

• By application, the genetic ancestry screening segment captured the majority of the market share in 2024, owing to the increasing genetic disorders in emerging markets 

• By product,consumables are expected to capture the largest share of the market in 2024, owing to the increasing investment by governments and international bodies to adopt a technologically advanced workflow of clinical diagnostics 

• By channel,online is expected to witness the fastest growth during the forecast period, owing to the increasing use of smartphone applications, such as ShareDNA, that offer relevant information about test results and interpretation 

• By end-user, diagnostic laboratories are anticipated to be the fastest-growing segment. This growth can be attributed to the increasing collaborations and strategic partnerships between corporations and laboratories to develop personalized therapeutic formations 

• North America has a dominant regional position in the genetic testing industry with 45.38% share of the overall market. The increasing incidence of diseases, such as chronic and infectious diseases, is encouraging companies to enter the regional ELISA analyzers market

Genetic Testing Market Segmentation

Grand View Research has segmented the global genetic testing market report on the basis of technology, application, product, channel, end-use and region:

Genetic Testing Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Next Generation Sequencing

• Array Technology

• PCR-based Testing

• FISH

• Others

Genetic Testing Application Outlook (Revenue, USD Million, 2018 - 2030)

• Ancestry & Ethnicity

• Traits Screening

• Genetic Disease Carrier Status

• New Baby Screening

• Health and Wellness-Predisposition/Risk/Tendency

Genetic Testing Product Outlook (Revenue, USD Million, 2018 - 2030)

• Consumables

• Equipment

• Software & Services

Genetic Testing Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online

• Offline

Genetic Testing End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals & Clinics

• Diagnostic Laboratories

• Others

Genetic Testing Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

o Italy

o Spain

o Denmark

o Sweden

o Norway

• Asia Pacific

o China

o Japan

o India

o Australia

o Thailand

o South Korea

• Latin America

o Brazil

o Argentina

• Middle East & Africa

o South Africa

o Saudi Arabia

o UAE

o Kuwait

Order a free sample PDF of the Genetic Testing Market Intelligence Study, published by Grand View Research.