Genetic Analysis Services Market Size, Share & Growth [2031]

Segments - Genetic Analysis Services Market by Applications (Drug Discovery, Biomarkers, and Diagnostics), Technology (Database Pertaining to Genomics, Whole-genome Sequencing, and Genetic Disease Forecasting), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The genetic analysis market size is estimated to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing prevalence of life-threatening diseases.

Genetic analysis is the study of RNA and DNA or the structure of genes for various analytical studies. It is an important tool in the sector of drug discovery, diagnostics, and biomedical research. Genetic analysis is helpful in examining errors in the functioning of the body and the occurrence of diseases. This helps the researchers to catch the diseases at the genetic level. It has also intense importance in marking a person’s identity and hence have an important application in the field of judiciary sciences.

Global Genetic Analysis Services Market Outlook

The genome testing sector has observed various developments which is expected to influence the market at a high rate. The hereditary genetic testing have become a hotfoot developing technology in the genetic analysis services market considering findings of research activities and advancements in technology.

Market Trends, Drivers, Restraints, and Opportunities

Increasing prevalence of life-threatening diseases is expected to fuel the market.
Technological advancements in the field of genomics are expected to boost the market in the coming years.
Growing awareness among people about genetic analysis is expected to accelerate the market during the forecast period.
Rising healthcare expenditure by government and increasing R&D activities are expected to create lucrative opportunities for the market players.

Scope of Genetic Analysis Market Report

The report on the genetic analysis services market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Genetic Analysis Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Applications (Drug Discovery, Biomarkers, and Diagnostics), Technology (Database Pertaining To Genomics, Whole-genome Sequencing, and Genetic Disease Forecasting)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Life Technologies; Roche Diagnostics Corporation; Bio-Rad Laboratories; Agilent Technologies; Wipro Ge Healthcare Private Limited; 23andMe, Inc.; Illumina, Inc.; Qiagen, N.V.; Affymetric, Inc.;

Genetic Analysis Market Segment Insights

The biomarkers segment is expected to grow at a rapid pace

Based on applications, the global genetic analysis services market is segregated into drug discovery, biomarkers, and diagnostics. The biomarkers segment accounts for a key share of the market due to increasing adoption by medical practitioners; however, the diagnostics segment is anticipated to expand at a rapid pace during the forecast period owing to various developments in the field.

Global Genetic Analysis Services Market Applications

The genetic disease forecasting segment is projected to expand at a considerable CAGR

On the basis of technology, the market is fragmented into database pertaining to genomics, whole-genome sequencing, and genetic disease forecasting. The genetic disease forecasting segment accounts for a key share of the market owing to advancement in technology. On the other hand, the whole-genome sequencing segment is anticipated to expand at a rapid pace during the forecast period due to large number of participation by key market players.

Global Genetic Analysis Services Market Technology

North America is anticipated to dominate the market

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

North America accounts for a key share of the market owing to rising healthcare infrastructure, increased healthcare investments, and easy availability of equipment. The market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to improving healthcare facilities, and an upsurge in research and development activities.

Segments

The global genetic analysis services market has been segmented on the basis of

Applications

Drug Discovery
Biomarkers
Diagnostics

Technology

Database Pertaining To Genomics
Whole-genome Sequencing
Genetic Disease Forecasting

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Life Technologies
Roche Diagnostics Corporation
Bio-Rad Laboratories
Agilent Technologies
Wipro Ge Healthcare Private Limited
23andMe, Inc.
Illumina, Inc.
Qiagen, N.V.
Affymetric, Inc.

Competitive Landscape

Key players competing in the genetic analysis services market include Life Technologies; Roche Diagnostics Corporation; Bio-Rad Laboratories; Agilent Technologies; Wipro Ge Healthcare Private Limited; 23andMe, Inc.; Illumina, Inc.; Qiagen, N.V.; Affymetric, Inc..

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Global Genetic Analysis Services Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Genetic Analysis Services Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Genetic Analysis Services Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Genetic Analysis Services Market - Supply Chain
  4.5. Global Genetic Analysis Services Market Forecast
     4.5.1. Genetic Analysis Services Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Genetic Analysis Services Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Genetic Analysis Services Market Absolute $ Opportunity
5. Global Genetic Analysis Services Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Genetic Analysis Services Market Size and Volume Forecast by Applications
     5.3.1. Drug Discovery Biomarkers Diagnostics
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Genetic Analysis Services Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Genetic Analysis Services Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Genetic Analysis Services Demand Share Forecast, 2019-2026
7. North America Genetic Analysis Services Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Genetic Analysis Services Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Genetic Analysis Services Market Size and Volume Forecast by Applications
     7.4.1. Drug Discovery Biomarkers Diagnostics
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Genetic Analysis Services Demand Share Forecast, 2019-2026
8. Latin America Genetic Analysis Services Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Genetic Analysis Services Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Genetic Analysis Services Market Size and Volume Forecast by Applications
     8.4.1. Drug Discovery Biomarkers Diagnostics
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Genetic Analysis Services Demand Share Forecast, 2019-2026
9. Europe Genetic Analysis Services Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Genetic Analysis Services Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Genetic Analysis Services Market Size and Volume Forecast by Applications
     9.4.1. Drug Discovery Biomarkers Diagnostics
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Genetic Analysis Services Demand Share Forecast, 2019-2026
10. Asia Pacific Genetic Analysis Services Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Genetic Analysis Services Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Genetic Analysis Services Market Size and Volume Forecast by Applications
     10.4.1. Drug Discovery Biomarkers Diagnostics
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Genetic Analysis Services Demand Share Forecast, 2019-2026
11. Middle East & Africa Genetic Analysis Services Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Genetic Analysis Services Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Genetic Analysis Services Market Size and Volume Forecast by Applications
     11.4.1. Drug Discovery Biomarkers Diagnostics
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Genetic Analysis Services Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Genetic Analysis Services Market: Market Share Analysis
  12.2. Genetic Analysis Services Distributors and Customers
  12.3. Genetic Analysis Services Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Life Technologies Roche Diagnostics Corporation Bio-Rad Laboratories Agilent Technologies Wipro Ge Healthcare Private Limited 23andMe, Inc.