Market research reports, consulting: Global Market Insights Inc.

Home > Healthcare > Medical Devices > Diagnostic Devices > hereditary testing market

Hereditary Testing Market Trends

Report ID: GMI12645 Published Date: December 2024Report Format: PDF
Download Free Sample
Summary
Table of Content

Hereditary Testing Market Trends

  • The market has experienced significant growth in recent years, driven by increased awareness of genetic disorders and advancements in genomic technologies. As more individuals seek insights into their genetic predispositions, the demand for hereditary testing services has surged across various healthcare settings.
  • Technologies such as next-generation sequencing (NGS) have revolutionized hereditary testing, enabling more comprehensive and cost-effective genetic analyses. This innovation has led to the development of multi-gene panel tests that screen for multiple hereditary conditions simultaneously, enhancing diagnostic efficiency and patient care.
  • The popularity of direct-to-consumer (DTC) genetic testing has risen, allowing individuals to access genetic information without necessarily involving healthcare providers. However, this trend has sparked debates over result interpretation and the critical need for genetic counseling to ensure proper understanding of test outcomes.
  • Precision medicine initiatives have further fueled the market, as genetic information becomes increasingly vital in tailoring treatment plans for various diseases, particularly in oncology. This has driven the integration of genetic testing into standard medical practices.
  • The COVID-19 pandemic accelerated the adoption of telemedicine and remote genetic counseling services, making hereditary testing more accessible to a broader population. Additionally, this shift spurred the development of at-home sample collection kits for genetic testing.
  • Artificial intelligence and machine learning algorithms are being increasingly utilized to analyze vast amounts of genetic data, improving the accuracy and speed of variant interpretation in hereditary testing. This trend is expected to grow as these technologies evolve and advance.
  • Lastly, there is a heightened focus on expanding hereditary testing to diverse populations to address historical biases in genetic databases. This initiative aims to improve the accuracy of genetic risk assessments across different ethnic groups and enhance the overall utility of hereditary testing.
Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

Why is the hereditary non-cancer testing segment growing?+

The hereditary non-cancer testing segment dominated the market with USD 5.5 billion in revenue in 2024 and is expected to grow significantly due to increasing awareness about genetic disorders and the importance of early detection.

How big is the hereditary testing market?+

The global hereditary testing industry was valued at USD 7.6 billion in 2024 and is estimated to grow at a 7.7% CAGR from 2025 to 2034, driven by advancements in genetic testing technologies.

What is the size of the U.S. hereditary testing industry?+

The U.S. hereditary testing market recorded USD 2.2 billion in revenue in 2024 and is projected to witness substantial growth, driven by the rising prevalence of genetic disorders and hereditary cancers.

What percentage of cancer cases in the U.S. are hereditary?+

According to the Centers for Disease Control and Prevention (CDC), hereditary cancers account for approximately 5-10% of all cancer cases in the U.S.

Who are some of the prominent players in the hereditary testing industry?+

Key players in the industry include Agilent Technologies, Centogene, CooperSurgical, F. Hoffmann-La Roche, Fulgent Genetics, Illumina, Invitae Corporation, Laboratory Corporation of America Holdings, MedGenome, and Myriad Genetics.

Hereditary Testing Market Scope

Related Reports

Buy Now

Buy Now

Premium Report Details

Download Free Sample