What is Genomic Testing?

Genomic testing, also known as genetic testing or DNA testing, is a medical and scientific process that involves the analysis of an individual's DNA (deoxyribonucleic acid) to identify specific genetic variations, mutations, or sequences within their genes.

What is the Size of Genomic Testing Market?

Astute Analytica offers a comprehensive insight into the latest Genomic Testing Market research report, delving into key market trends and influential factors. This report identifies vital market variables that demand the attention of industry players, necessitating diligent data collection and thorough research.

In 2022, the Global Genomic Testing Market reached a valuation of approximately USD 13.7 billion and is forecasted to attain USD 30.08 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 9.54% during the forecast period spanning from 2023 to 2031.

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According to the study, emerging customer preferences, technological advancements, and competitive strategies are molding the market landscape. These insights offer valuable guidance for organizations to make informed decisions, capitalize on growth opportunities, and effectively navigate challenges. Understanding the evolving market dynamics detailed in this research positions companies favorably in the dynamic and competitive business environment.

This report sheds light on both the growth potential and potential challenges within the market. It underscores the significance of adapting to changing consumer behavior influenced by shifting demographics and socioeconomic factors. Additionally, it assesses the impact of regulatory changes on market dynamics.

Competitive Landscape

The report assesses competitive dynamics and delineates strategies adopted by key players. Our research-driven recommendations provide actionable insights into innovation, market penetration, and strategic partnerships.

Prominent market participants wield substantial influence, as evident from their market shares and business strategies. Each player possesses unique strengths and weaknesses directly linked to their market positioning. A comparative analysis highlights the intricacies of the competitive landscape, with players employing diverse tactics to maintain their positions.

Key Players in the Genomic Testing Market

Agilent Technologies, Inc.
BGI Group
Bio-Rad Laboratories
Danaher Corporation
Eurofins Genomics
F. Hoffmann-La Roche
Illumina
QIAGEN
Singular Genomics Systems, Inc.
Thermo Fisher Scientific, Inc.
Other Prominent Players

This market research report serves as an invaluable resource for informed decision-making, equipping industry leaders with the knowledge needed to navigate complexity, seize opportunities, and achieve sustained success.

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Segmentation Outline of the Genomic Testing Market

By Offering:

System and Software
Reagents & Consumables
Services
- DTC Genomic Testing Service
- Sale of genomic data

By Testing Type:

Sequencing Solution
- DNA Sequencing
- RNA Sequencing
- Methylation Sequencing
- NGS Library Preparation
- Sequencing Data Analysis
Others
- Microarray Solution
- Human Genotyping with Arrays
- Non-Human Genotyping with Arrays
- Methylation Array Analysis
- Microarray Data Analysis
- Others

By Technology:

Proteomics
Pharmacogenomics
Stem Cell Therapy
Cloning

By Indication:

Cancer
Asthma
Diabetes
Hearth Diseases
Other Indication

By Application:

Drug Discovery & Development
Disease Diagnosis
Agricultural Production
Others

By End-User:

Hospitals & Clinics
Research Centers & Academic Institutions
Pharmaceutical & Biotechnology Companies
Others

By Region:

North America
- The U.S.
- Canada
- Mexico
Europe
- Western Europe
  - The UK
  - Germany
  - France
  - Italy
  - Spain
  - Rest of Western Europe
- Eastern Europe
  - Poland
  - Russia
  - Rest of Eastern Europe
Asia Pacific
- Malaysia
- Thailand
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
South America
- Argentina
- Brazil
- Rest of South America

Important Developments in the Genomic Testing Market:

The report examines manufacturers’ profiles, news, main companies, and revenue.
To demonstrate the intense competition that the top manufacturers in the world deal with.
Presenting the market by kind and application, along with each type’s revenue, sales, and growth rates.
An examination of the major nations in North America according to manufacturer, application, and kind. Southeast Asia and Europe. Latin America. Sales, turnover, and market shares for manufacturers.
The report examines the manufacturing expenses, raw resources, and production process.

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About Astute Analytica:
Astute Analytica is a renowned global analytics and advisory company, having swiftly established a strong reputation through the tangible and impressive results delivered to our valued clients. Our commitment lies in providing unparalleled, in-depth, and remarkably accurate estimates and projections to demanding clients across diverse industries, such as technology, healthcare, chemicals, semiconductors, FMCG, and more, drawing from a wide spectrum of satisfied and returning customers from around the world.

Our clients benefit greatly from our comprehensive analysis of the complex business environment, meticulously examining existing and emerging possibilities in different segments, technological advancements, growth estimations, and strategic choices. In essence, we offer a complete package, empowering our clients to make well-informed decisions, seize highly profitable opportunities, and overcome formidable challenges.

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