The latest market forecast reveals an imminent surge in the global personal genome testing market, marking a period of exponential growth. Leading research firms project the market to reach a remarkable valuation of USD 4,468 million by 2032, a substantial increase from USD 1,545.5 million in 2022. This trajectory reflects an impressive Compound Annual Growth Rate (CAGR) of 10.1% throughout the forecast period.
The burgeoning demand for personalized healthcare solutions, alongside increasing awareness and adoption of genetic testing worldwide, are key drivers propelling this growth. Personal genome testing empowers individuals with invaluable insights into their genetic predispositions, enabling informed decisions regarding health, wellness, and disease prevention.
Get Sample Latest Reports: https://www.futuremarketinsights.com/reports/sample/rep-gb-4206
The factors driving this growth include technological advancements, greater accessibility to genetic testing, rising interest in personalized medicine, and the expanding scope of applications in healthcare. This surge not only signifies market expansion but also reflects a paradigm shift in how individuals approach and engage with their health and well-being.
Strong testing volumes requested and managed by non-geneticists have raised healthcare practitioners’ awareness of these diagnostics’ efficacy, which has accelerated the acceptance of personal genome testing.
Consumer demand for personal genome testing is rising as a result of the widespread availability of lifestyle- and nutrition-based genetic tests to support diet and lifestyle recommendations. The market share for personal genome testing is being driven by genetic testing’s accuracy and dependability as well as increased public knowledge of its advantages.
Key Takeaways from the Personal Genome Testing Market:
- The market is segmented by application into reproductive health, cancer screening, ancestry, and predictive and pre-symptomatic testing. The reproductive health segment is expected to hold the largest market share during the forecast period, owing to the increasing demand for prenatal testing and carrier screening.
- The direct-to-consumer (DTC) testing segment is expected to witness the highest growth rate during the forecast period, owing to the increasing availability of affordable and accessible DTC testing kits.
- North America is expected to remain the dominant regional market during the forecast period, owing to the high adoption of personal genome testing in the region.
- The key players in the personal genome testing market include Ancestry, 23andMe, Myriad Genetics, Illumina, and Thermo Fisher Scientific.
Direct Checkout this Report now: https://www.futuremarketinsights.com/checkout/4206
The growth of the personal genome testing market is expected to be driven by the increasing demand for personalized medicine. Personalized medicine is an approach to healthcare that takes into account an individual’s genetic makeup to develop tailored treatment plans. Personal genome testing can provide insights into an individual’s risk of developing certain diseases, as well as their response to different medications. This information can be used to develop more effective and individualized treatment plans.
The personal genome testing market is still in its early stages of development, but it is rapidly growing. The increasing affordability and accessibility of DTC testing kits is expected to fuel the growth of the market in the coming years.
Key companies profiled:
- 23andMe Inc.
- Navigenics
- deCODEme
- Color Genomics Inc.
- Personal Genome Diagnostics Inc.
- Counsyl, Inc.
- Quest Diagnostics
- Gene By Gene Ltd.
- Laboratory Corporation of America Holdings
- Thermo Fisher Scientific
- QIAGEN N.V.
- Agilent Technologies, Inc.
- F. Hoffmann-La Roche Ltd.
- Bio-Rad Laboratories Inc.
- BGI, MYRIAD GENETICS, INC. (MYRIAD RBM, INC.)
- Eurofins Scientific
A Detailed Full Report: https://www.futuremarketinsights.com/reports/personal-genome-testing-market
Key Segments:
By Type:
- Multi-Targeted Testing
- Non-Targeted Testing
- Targeted Testing
By Application:
- Neurological Disorders
- Oncology
- Metabolic Disorders
- Autoimmune Disorders
By Region:
- North America
- Latin America
- MEA
- Asia Pacific
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
