The North America genetic testing services market is expected to reach US$ 7,406.0 Mn in 2027 from US$ 3,044.4 Mn in 2019. The market is estimated to grow with a CAGR of 12.1% from 2020-2027.
The growth of the market is driven by factors such as rising prevalence of the genetic diseases and rise in awareness & acceptance of personalized medicines. Also, growing preference towards Direct-To-Consumer (DTC) genetic testing, support of government to adopt genetic testing services is positively impacting the growth of the market in the review period. In addition, various strategic initiatives by the manufacturers, new product launch along with artificial intelligence (AI) powered genetic testing is likely to boost the growth of market.
The demand for the market in the region is anticipated to witness growth at a significant rate during the forecast period owing to various factors such as, rising cancer patients, increasing government funding among others. The rising incidence of genetic diseases among the population in US and Canada during recent years has fuelled the demand for genetic testing market in the region during the forecast period.
Moreover, increasing focus on advanced method incorporation in healthcare, government and private initiatives for promotion of precision medicine and massive funds from government and private bodies for genetic research is further expected stimulate the growth and contribute to exceptional revenue generation for the genetic testing market in North America.
Furthermore, the demand for genetic testing in the United States has been expected to witness growth, since the service encompasses a broad range of applications such as, cancer, autoimmune diseases and infectious diseases. In US, the products for genetic testing of pediatric as well as rare diseases has increased significantly. As per the estimates of National Institutes of Health (NIH), in the United States, there are around 25 to 30 million people suffering from rare diseases, accounting for individuals fewer than 200,000 people. Rare diseases are often the result of a genetic mutation; one estimate is that 80% of rare diseases are genetic in nature. Also, 50% of patients with rare diseases are children.
Moreover, in recent days there have been various activities that have led to the growth of the genetic testing services market in Mexico. For instance, in June 2017, Pathway Genomics and Salud Interactiva entered a partnership to bring advanced clinical genetic testing to millions in Mexico. Also, during June, 2017, pharmacogenomics leader OneOme entered a partnership with Mexico City-based Total Quality Medicine (TQM). Through the agreement, OneOme’s pharmacogenomic (PGx) testing and support services would be offered to patients in Mexico, as TQM integrates OneOme’s RightMed PGx test into its GeneTest line of personalized medicine products. Due to the above stated factors, the market for genetic testing in Mexico is anticipated to witness significant growth during the forecast period.
Mexico Genetic testing services market Revenue and Forecasts to 2027 (US$ Mn)
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NORTH AMERICA GENETIC TESTING SERVICES – MARKET SEGMENTATION
By Type
- Predictive Testing
- Carrier Testing
- Prenatal Testing
- New-born Screening
- Others
NORTH AMERICA GENETIC TESTING SERVICES – MARKET SEGMENTATION
By Disease
- Cancer
- Metabolic Diseases
- Cardiovascular Diseases
- Others
NORTH AMERICA GENETIC TESTING SERVICES – MARKET SEGMENTATION
By Service Provider
- Cancer
- Diagnostic Laboratories
- Hospital-Based Laboratories
- Clinics
By Country
- US
- Mexico
- Canada
Companies Mentioned
- Thermo Fischer Scientific Inc.
- Laboratory Corporation of America Holdings
- F. Hoffmann-La Roche Ltd.
- Illumina, Inc.
- Quest Diagnostics Incorporated
- Exact Sciences Corporation
- NeoGenomics Laboratories, Inc.
- Eurofins Scientific
- Ambry Genetics
- Centogene AG
- 23andMe, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Disease, Service Provider and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Scope Of The Study
1.2 The Insight Partners Research Report Guidance
2. North America Genetic Testing Services Market – Key Takeaways
3. North America Genetic Testing Services Market – Market Landscape
3.1 Overview
3.2 Market Segmentation
3.2.1 North America Genetic Testing Services Market – By Type
3.2.2 North America Genetic Testing Services Market – By Disease
3.2.3 North America Genetic Testing Services Market – By Service Provider
3.2.4 North America Genetic Testing Services Market – By Country
3.3 PEST Analysis
3.4 Expert Opinions
4. North America Genetic Testing Services Market-Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Rising Prevalence of Genetic Diseases in North America
4.1.2 Rise in Awareness & Acceptance of Personalized Medicines
4.2 Key Market Restraints
4.3 Social and Ethical Implications of Genetic Testing
4.4 Key Market Opportunities
4.4.1 Growing Preference towards Direct-To-Consumer (DTC) Genetic Testing in North America
4.5 Future Trends
4.5.1 Artificial Intelligence (AI) Powered Genetic Testing
4.6 Impact Analysis Of Drivers And Restraints
5. Genetic Testing Services Market – North America Analysis
5.1 North America Genetic Testing Services Market Revenue Forecasts And Analysis
5.2 Market Positioning
5.3 Performance Of Key Players
5.3.1 Thermo Fischer Scientific Inc.,
5.3.2 F. Hoffmann-La Roche Ltd
5.3.3 Illumina, Inc.
6. North America Genetic Testing Services Market Analysis – By Type
6.1 Overview
6.2 North America Genetic Testing Services Market, By Type, 2019 & 2027 (%)
6.3 North America Genetic Testing Services Market Revenue And Forecasts To 2027, By Type (Us$ Mn)
6.4 New-born Screening Market
6.4.1 Overview
6.4.2 New-born Screening Market Revenue and Forecast to 2027 (US$ Mn)
6.5 Prenatal Testing Market
6.5.1 Overview
6.5.2 Prenatal Testing Market Revenue and Forecast to 2027 (US$ Mn)
6.6 Predictive Testing Market
6.6.1 Overview
6.6.2 Predictive Testing Market Revenue and Forecast to 2027 (US$ Mn)
6.7 Carrier Testing Market
6.7.1 Overview
6.7.2 Carrier Testing Market Revenue and Forecast to 2027 (US$ Mn)
6.8 Other Testing’s Market
6.8.1 Overview
6.8.2 Other Testing’s Market Revenue and Forecast to 2027 (US$ Mn)
7. North America Genetic Testing Services Market Analysis – By Disease
7.1 Overview
7.2 North America Genetic Testing Services Market, By Disease, 2019 & 2027 (%)
7.3 North America Genetic Testing Services Market Revenue And Forecasts To 2027, By Disease (Us$ Mn)
7.4 Cancer Market
7.4.1 Overview
7.4.2 Cancer Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Metabolic Diseases Market
7.5.1 Overview
7.5.2 Metabolic Diseases Market Revenue and Forecast to 2027 (US$ Mn)
7.6 Cardiovascular Disease Market
7.6.1 Overview
7.6.2 Cardiovascular Disease Market Revenue and Forecast to 2027 (US$ Mn)
7.7 Other Diseases Market
7.7.1 Overview
7.7.2 Other Diseases Market Revenue and Forecast to 2027 (US$ Mn)
8. North America Genetic Testing Services Market Analysis – By Service Provider
8.1 Overview
8.2 North America Genetic Testing Services Market, By Service Provider, 2019 & 2027 (%)
8.3 North America Genetic Testing Services Market Revenue And Forecasts To 2027, By Disease (Us$ Mn)
8.4 Diagnostic Laboratories Market
8.4.1 Overview
8.4.2 Diagnostic Laboratories Market Revenue and Forecast to 2027 (US$ Mn)
8.5 Hospital-Based Laboratories Market
8.5.1 Overview
8.5.2 Hospital-Based Laboratories Market Revenue and Forecast to 2027 (US$ Mn)
8.6 Clinics Market
8.6.1 Overview
8.6.2 Clinics Market Revenue and Forecast to 2027 (US$ Mn)
9. North America Genetic Testing Services Market Revenue And Forecasts To 2027
9.1 Overview
9.2 North America Genetic Testing Services Market Revenue And Forecasts To 2027, By Country (%)
9.2.1 US Genetic Testing Services Market Revenue and Forecasts to 2027 (US$ Mn)
9.2.2 US Genetic Testing Services Market Revenue and Forecasts to 2027 (US$ Mn)
9.2.2.1 US Genetic Testing Services Market Revenue And Forecasts to 2027, By Type (US$ Mn)
9.2.2.2 US Genetic Testing Services Market Revenue And Forecasts to 2027, By Disease (US$ Mn)
9.2.2.3 US Genetic Testing Services Market, Revenue and Forecast to 2027, by Service Provider (US$ Mn)
9.2.3 Canada Genetic Testing Services Market Revenue and Forecasts to 2027 (US$ Mn)
9.2.4 Canada Genetic Testing Services Market Revenue and Forecasts to 2027 (US$ Mn)
9.2.4.1 Canada Genetic Testing Services Market Revenue And Forecasts to 2027, By Type (US$ Mn)
9.2.4.2 Canada Genetic Testing Services Market Revenue And Forecasts to 2027, By Disease (US$ Mn)
9.2.4.3 Canada Genetic Testing Services Market Revenue And Forecasts to 2027, By Service Provider (US$ Mn)
9.2.5 Mexico Genetic Testing Services Market Revenue and Forecasts to 2027 (US$ Mn)
9.2.6 Mexico Genetic Testing Services Market Revenue and Forecasts to 2027 (US$ Mn)
9.2.6.1 Mexico Genetic Testing Services Market Revenue And Forecasts to 2027, By Type (US$ Mn)
9.2.6.2 Mexico Genetic Testing Services Market Revenue And Forecasts to 2027, By Disease (US$ Mn)
9.2.6.3 Mexico Genetic Testing Services Market Revenue And Forecasts to 2027, By Service Provider (US$ Mn)
10. Genetic Testing Services Market –Industry Landscape
10.1 Overview
10.2 Growth Strategies In The Genetic Testing Services Market, 2017-2020
10.3 Organic Developments
10.3.1 Overview
10.3.2 Organic Growth Strategies In The Genetic Testing Services Market, 2017-2020
10.4 Inorganic Developments
10.4.1 Overview
10.4.2 Inorganic Growth Strategies In The Genetic Testing Services Market, 2017-2020
11. Genetic Testing Services Market- Key Company Profiles
11.1 Laboratory Corporation of America Holdings
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 F. HOFFMANN-LA ROCHE LTD
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Illumina, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Quest Diagnostics Incorporated
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Exact Sciences Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 NeoGenomics Laboratories, Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Eurofins Scientific
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Ambry Genetics
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Centogene AG
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10andMe, Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 THERMO FISHER SCIENTIFIC INC.
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary Of Terms
12.3 Methodology
12.3.1 Coverage
12.3.2 Secondary Research
12.3.3 Primary Research
LIST OF TABLES
Table 1. North America Genetic Testing Services market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 2. North America Genetic Testing Services market Revenue And Forecasts to 2027, By Disease (US$ Mn)
Table 3. North America Genetic Testing Services market Revenue And Forecasts to 2027, By disease (US$ Mn)
Table 4. US Genetic Testing Services market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 5. US Genetic Testing Services market Revenue And Forecasts to 2027, By Disease (US$ Mn)
Table 6. US Genetic Testing Services Market, Revenue and Forecast To 2027, by Service Provider (US$ Mn)
Table 7. Canada Genetic Testing Services market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 8. Canada Genetic Testing Services market Revenue And Forecasts to 2027, By Disease (US$ Mn)
Table 9. Canada Genetic Testing Services market Revenue And Forecasts to 2027, By Service Provider (US$ Mn)
Table 10. Mexico Genetic Testing Services market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 11. Mexico Genetic Testing Services market Revenue And Forecasts to 2027, By Disease (US$ Mn)
Table 12. Mexico Genetic Testing Services market Revenue And Forecasts to 2027, By Service Provider (US$ Mn)
Table 13. Recent Organic Growth Strategies In The Genetic Testing Services Market
Table 14. Recent Inorganic Growth Strategies In The Genetic Testing Services Market
Table 15. Glossary of Terms, Genetic Testing Services market
LIST OF FIGURES
Figure 1. US Genetic Testing Services Market, Revenue (US$ Mn), By 2019 & 2027
Figure 2. North America Genetic Testing Services Market By Type , Market Share (%), 2019
Figure 3. North America Genetic Testing Services Market By Disease, Market Share (%), 2019
Figure 4. North America Genetic Testing Services Market By Service Provider, Market Share (%), 2019
Figure 5. Genetic Testing Services Market Segmentation
Figure 6. North America PEST Analysis
Figure 7. Genetic Testing Services Market Impact Analysis Of Driver And Restraint
Figure 8. North America Genetic Testing Services Market – Revenue Forecasts And Analysis – 2019- 2027
Figure 9. North America Genetic Testing Services Market By Type, 2019 & 2027 (%)
Figure 10. New-born Screening Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 11. Prenatal Testing Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 12. Predictive Testing Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 13. Carrier Testing Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 14. Other Testing’s Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 15. North America Genetic Testing Services Market By Disease, 2019 & 2027 (%)
Figure 16. Cancer Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 17. Metabolic Disease Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 18. Cardiovascular Disease Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 19. Other Diseases Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 20. North America Genetic Testing Services Market By Service Provider, 2019 & 2027 (%)
Figure 21. Diagnostic Laboratories Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 22. Hospital-Based Laboratories Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 23. Clinics Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 24. North America Genetic Testing Services Market REVENUE, By Country, 2019 (US$ MN)
Figure 25. North America Genetic Testing Services Market Revenue And Forecasts To 2027, By Country (%)
Figure 26. US Genetic Testing Services Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 27. Canada Genetic Testing Services Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 28. Mexico Genetic Testing Services Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 29. Growth Strategies In The Genetic Testing Services Market, 2017-2020
The List of Companies - North America Genetic Testing Services Market
- Thermo Fischer Scientific Inc.
- Laboratory Corporation of America Holdings
- F. Hoffmann-La Roche Ltd.
- Illumina, Inc.
- Quest Diagnostics Incorporated
- Exact Sciences Corporation
- NeoGenomics Laboratories, Inc.
- Eurofins Scientific
- Ambry Genetics
- Centogene AG
- 23andMe, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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