Global DNA Testing Market Size Forecast 2024 - 2033
19 Dec, 2024
How Is The Global DNA Testing Market Defined?
Deoxyribonucleic acid (DNA) testing refers to the process of analyzing an individual's DNA, that carries the instructions for an organism's development, functioning, and traits. It involves extracting DNA from cells, typically obtained from bodily fluids or tissues like blood, saliva, or hair, and then examining specific regions or sequences of the DNA molecule.
DNA Testing Global Market Report 2024 provides data on the global dna testing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The DNA Testing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global DNA Testing Market Size Expected To Expand, And At What Annual Growth Rate?
The DNA testing market size has grown rapidly in recent years. It will grow from $16.04 billion in 2023 to $17.9 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to the increasing incidence of chronic diseases, rising demand for precision medicine, rising direct-to-consumer (DTC) testing, rising demand for population genomics, growing forensic investigations, and demand for genetic screening. The DNA testing market size is expected to see rapid growth in the next few years. It will grow to $28.07 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to rising incidences of genetic diseases, growing use of DNA diagnostics, growing healthcare infrastructure, growing awareness of disease prevention, rising investment by manufacturers, and increased adoption of companion diagnostics. Major trends in the forecast period include next-generation sequencing (NGS), polymerase chain reaction (PCR), preimplantation genetic diagnosis (PGD) in assisted reproductive technologies (ART), miniaturization of testing devices, new DNA testing products, and development of novel assays, biomarkers, diagnostic tools, point-of-care testing, and non-invasive prenatal testing (NIPT).
What Are The Key Drivers Fueling Growth In The DNA Testing Market?
The increasing prevalence of genetic disorders is expected to boost the growth of the DNA testing market. Genetic disorders result from abnormalities in an individual's DNA, leading to physical or developmental issues. Factors such as heightened awareness, improved diagnostics, expanded screening, and consanguineous marriages contribute to their rising prevalence. DNA testing is increasingly employed for diagnosis, prognosis, and personalized medical care decisions based on genetic makeup. For example, the WHO reported in February 2023 that congenital diseases annually caused 240,000 global infant deaths within 28 days of birth. Additionally, the CDC notes about 6,000 babies are born with Down syndrome yearly in the US, illustrating the importance of DNA testing in managing genetic disorders. Therefore, the increasing prevalence of genetic disorders is driving the DNA testing market.
Get Your Free Sample of the Global DNA Testing Market ReportWhat Are The Principal Market Segments In The Global DNA Testing Industry?
The DNA testing market covered in this report is segmented –
1) By Product Type: Equipment, Consumables, Software And Services
2) By Technology: Polymerase Chain Reaction (PCR) Based, In-Situ Hybridization, Microarray, Next-Generation Sequencing (NGS) DNA Diagnosis
3) By Application: Newborn DNA Screening, Pre-natal DNA Carrier Screening, Oncology Diagnostics And Histopathology, Pre-implantation Diagnosis, Infectious Disease Diagnostics, Pharmacogenomics Diagnostic Testing, Identify Diagnostics And Forensic, Other Applications
Which Emerging Market Trends Are Altering The DNA Testing Sector?
Companies in the DNA testing market are developing advanced solutions like precancer detection DNA tests to improve early cancer diagnosis and treatment. Precancer detection DNA tests identify genetic alterations or biomarkers linked to early cancer stages. For instance, in November 2023, Lucid Diagnostics Inc., a US-based medical diagnostics company, launched EsoGuard 2.0, a next-generation esophageal DNA test. This test uses molecular techniques and improved DNA sample yields to enhance performance and reduce costs. It involves collecting DNA from esophageal cells and analyzing it for epigenetic changes related to esophageal precancer and cancer, aiding in early detection and prevention.
What Is The Leading Region In The DNA Testing Market?
North America was the largest region in the DNA testing market in 2023. The regions covered in the DNA testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.