Global Genetic Testing Services Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

Next Generation Sequencing, Array Technology, PCR-based Testing, FISH, and Others

By Testing Type;

Carrier Testing, Diagnostic Testing, Newborn Screening, Predictive and Presymptomatic Testing, Prenatal Testing, and Nutrigenomic Testing

By Service Provider;

Hospital-based laboratories, Diagnostic laboratories, Specialty Clinics, and Others

By Application;

Hospitals & Clinics, Diagnostic Laboratories, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn128046571 Published Date: May, 2025 Updated Date: June, 2025

Introduction

Global Genetic Testing Services Market (USD Million), 2021 - 2031

Genetic Testing Services Market was valued at USD 43,489.05 million in the year 2024. The size of this market is expected to increase to USD 66,391.15 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.


Global Genetic Testing Services Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 6.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.2 %
Market Size (2024)USD 43,489.05 Million
Market Size (2031)USD 66,391.15 Million
Market ConcentrationMedium
Report Pages381
43,489.05
2024
66,391.15
2031

Major Players

  • Abbott Laboratories
  • Danaher Corporation (Cepheid Inc.)
  • Illumina Inc.
  • BioRad Laboratories Inc.
  • F Hoffmann-La Roche AG

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Genetic Testing Services Market

Fragmented - Highly competitive market without dominant players


The Genetic Testing Services Market is evolving rapidly due to rising demand for precision medicine and early diagnosis of genetic conditions. Increasing awareness about inherited diseases and the utility of genetic insights in preventive care have driven market growth. Adoption rates of genetic testing solutions have climbed by more than 15%, signaling strong momentum in clinical and consumer applications.

Technology Enhancements
Innovative tools such as next-generation sequencing and real-time PCR are transforming testing accuracy and processing speed. These advanced solutions have seen a 20% increase in adoption, empowering laboratories with faster, more accurate diagnostics. The fusion of artificial intelligence with genetic analytics is also improving test interpretation and user experience.

Growing Consumer Engagement
Consumers are increasingly drawn to genetic testing for insights into ancestry, health risks, and wellness optimization. Direct-to-consumer offerings have expanded substantially, registering a 25% surge in demand. Digital health literacy and personalized healthcare preferences are key factors contributing to this growing interest in genetic self-assessment.

Ethical and Legal Considerations
The market is influenced by stringent guidelines concerning genetic data handling and clinical testing validation. An estimated 30% of providers now comply with recognized quality and privacy standards. These developments enhance transparency, protect patient rights, and encourage institutional adoption of genetic testing services.

Strategic Growth Initiatives
Industry players are increasingly engaging in strategic partnerships and investment activities to strengthen market presence. Funding directed toward genetic diagnostics has grown by around 18%, fueling research, product expansion, and service scalability. These trends indicate a robust future trajectory powered by innovation and strategic consolidation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Testing Type
    3. Market Snapshot, By Service Provider
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Genetic Testing Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in Genomic Technologies
        2. Increasing Awareness and Acceptance
        3. Rising Incidence of Genetic Disorders
      2. Restraints
        1. High cost of genetic testing
        2. Privacy and data security concerns
        3. Limited reimbursement policies
        4. Lack of skilled genetic counselors
      3. Opportunities
        1. Integration of Genetic Testing Services into Mainstream Healthcare
        2. Emerging Markets and Consumer Genomics
        3. Regulatory Support and Reimbursement Policies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Genetic Testing Services Market, By Technology, 2021 - 2031 (USD Million)
      1. Next Generation Sequencing
      2. Array Technology
      3. PCR-based Testing
      4. FISH
      5. Others
    2. Global Genetic Testing Services Market, By Testing Type, 2021 - 2031 (USD Million)
      1. Carrier Testing

      2. Diagnostic Testing

      3. Newborn Screening

      4. Predictive and Presymptomatic Testing

      5. Prenatal Testing

      6. Nutrigenomic Testing

    3. Global Genetic Testing Services Market, By Service Provider, 2021 - 2031 (USD Million)
      1. Hospital-based laboratories

      2. Diagnostic laboratories

      3. Specialty Clinics

      4. Others

    4. Global Genetic Testing Services Market, By Application, 2021 - 2031 (USD Million)
      1. Hospitals & Clinics
      2. Diagnostic Laboratories
      3. Others
    5. Global Genetic Testing Services Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Abbott Laboratories
      2. Danaher Corporation (Cepheid Inc.)
      3. Illumina Inc.
      4. BioRad Laboratories Inc.
      5. F Hoffmann-La Roche AG
  7. Analyst Views
  8. Future Outlook of the Market