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
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.
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.
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Attributes |
Details |
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Report Title |
Genetic Analysis Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Applications (Drug Discovery, Biomarkers, and Diagnostics), Technology (Database Pertaining To Genomics, Whole-genome Sequencing, and Genetic Disease Forecasting) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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.
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.
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.
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 (000’ 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.
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 (000’ 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.
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.
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.
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