• ABOUT
  • PRIVACY
  • CONTACT
  • ADVERTISE
No Result
View All Result
KeralaNews 24x7
Saturday, July 26, 2025
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL
No Result
View All Result
News 24x7
No Result
View All Result

Genetic Testing Market to Witness Rapid Growth by 2030

Nishita Masih by Nishita Masih
1 year ago
Reading Time: 4 mins read
0
0
0
SHARES
6
VIEWS
FBXLinkedinWhatsAppTelegram

The global market for genetic testing, which involves analyzing DNA, RNA, or proteins to detect genetic variations, diseases, or traits, is expected to hit $28.24 billion by 2030, according to a new report by Meticulous Research. The report attributes the market growth to various factors, such as the increasing demand for personalized medicine, the rising prevalence of genetic disorders, the technological advancements in sequencing and testing methods, and the decreasing costs of genetic testing.

Personalized Medicine: A Key Driver for Genetic Testing

One of the key drivers for the genetic testing market is the increasing demand for personalized medicine, which is a medical approach that tailors treatment and prevention strategies to an individual’s genetic profile, lifestyle, and environment. Personalized medicine can help improve the diagnosis, prognosis, and treatment of various diseases, such as cancer, cardiovascular diseases, neurological disorders, and infectious diseases.

Genetic testing
Genetic testing

Genetic testing can play a vital role in personalized medicine, as it can help identify the genetic variants that influence an individual’s susceptibility, response, and resistance to certain diseases and drugs. Genetic testing can also help determine the optimal dosage, timing, and combination of drugs for an individual, based on their genetic makeup. This can help reduce the adverse effects, increase the efficacy, and enhance the quality of life of the patients.

According to the report, the personalized medicine segment accounted for the largest share of the genetic testing market in 2023, and is expected to grow at the highest CAGR during the forecast period. The report cites the growing awareness and acceptance of personalized medicine among patients and healthcare providers, the increasing investment and research in this field, and the supportive government policies and initiatives as the main factors driving this segment.

Genetic Disorders: A Major Challenge for Public Health

Another major driver for the genetic testing market is the rising prevalence of genetic disorders, which are diseases or conditions that are caused by changes or mutations in the genes or chromosomes. Genetic disorders can affect various aspects of health, such as growth, development, metabolism, immunity, and reproduction. Some of the common genetic disorders include cystic fibrosis, sickle cell anemia, hemophilia, Down syndrome, Huntington’s disease, and Duchenne muscular dystrophy.

Genetic disorders pose a significant challenge for public health, as they can cause morbidity, mortality, disability, and reduced quality of life for the affected individuals and their families. Genetic disorders can also impose a huge economic burden on the healthcare system and the society, due to the high costs of diagnosis, treatment, and care.

Genetic testing can help address this challenge, as it can help prevent, diagnose, and manage genetic disorders. Genetic testing can help identify the carriers of genetic disorders, who can pass the mutated genes to their offspring. Genetic testing can also help screen the fetuses, newborns, and children for genetic disorders, and provide early intervention and treatment. Genetic testing can also help monitor the progression and response of genetic disorders, and provide counseling and support to the patients and their families.

According to the report, the genetic disorders segment accounted for the second-largest share of the genetic testing market in 2023, and is expected to grow at a significant CAGR during the forecast period. The report attributes the market growth to the increasing incidence and awareness of genetic disorders, the availability and accessibility of genetic testing services, and the development and approval of novel therapies and drugs for genetic disorders.

Technological Advancements: A Catalyst for Innovation and Expansion

A third driver for the genetic testing market is the technological advancements in sequencing and testing methods, which have enabled faster, cheaper, and more accurate analysis of genetic material. Sequencing methods, such as next-generation sequencing (NGS) and third-generation sequencing (TGS), have revolutionized the field of genomics, by allowing the generation of large amounts of data in a short time and at a low cost. Testing methods, such as polymerase chain reaction (PCR), microarray, and fluorescence in situ hybridization (FISH), have improved the detection and quantification of genetic variations, diseases, and traits.

Technological advancements have also facilitated the innovation and expansion of genetic testing applications, such as pharmacogenomics, nutrigenomics, epigenetics, and metagenomics. Pharmacogenomics is the study of how genes affect the response to drugs, and can help optimize drug therapy and reduce adverse reactions. Nutrigenomics is the study of how genes and nutrition interact, and can help design personalized diets and supplements. Epigenetics is the study of how environmental factors affect gene expression, and can help understand the mechanisms and implications of gene-environment interactions. Metagenomics is the study of the genetic material of microbial communities, and can help identify and characterize the microorganisms that inhabit various environments, such as the human body, soil, and water.

According to the report, the technological advancements segment accounted for the third-largest share of the genetic testing market in 2023, and is expected to grow at a robust CAGR during the forecast period. The report highlights the increasing research and development activities, the rising adoption and integration of advanced technologies, and the emergence and expansion of new applications as the key factors driving this segment.

Decreasing Costs: A Factor for Accessibility and Affordability

A fourth driver for the genetic testing market is the decreasing costs of genetic testing, which have made it more accessible and affordable for a wider range of users. The costs of genetic testing have declined significantly over the years, due to the improvements in sequencing and testing technologies, the economies of scale, and the competition among the service providers. For instance, the cost of sequencing a human genome, which was around $100 million in 2001, has dropped to less than $1,000 in 2023, according to the National Human Genome Research Institute.

The decreasing costs of genetic testing have also increased the demand and utilization of genetic testing services, especially in the emerging markets, such as Asia-Pacific, Latin America, and the Middle East and Africa. These regions have a large and growing population, a high burden of genetic disorders, and a rising awareness and acceptance of genetic testing. The decreasing costs of genetic testing have also enabled the development and launch of direct-to-consumer (DTC) genetic testing products, which allow the consumers to access and interpret their genetic information without the involvement of a healthcare professional.

According to the report, the decreasing costs segment accounted for the fourth-largest share of the genetic testing market in 2023, and is expected to grow at a moderate CAGR during the forecast period. The report cites the increasing availability and affordability of genetic testing services, the growing demand and penetration of genetic testing in emerging markets, and the emergence and popularity of DTC genetic testing products as the main factors driving this segment.

ShareTweetShareSendShare
Nishita Masih

Nishita Masih

Nishita Maish is a senior content manager, blending creativity with strategic insight to craft compelling narratives that captivate audiences. With a passion for storytelling and a knack for digital engagement, she has elevated brands and content strategies to deliver lasting impact in the ever-evolving digital world.

Related Posts

vijay sethupathi nithya menen thalaivan thalaivii sir madam movie poster

Vijay Sethupathi and Nithya Menen’s Thalaivan Thalaivii Gears Up for Telugu Release as Sir Madam

42 minutes ago
uber-women-preferences-feature-us-pilot-safety

Uber Rolls Out “Women Preferences” Feature in U.S. to Boost Safety for Female Riders and Drivers

50 minutes ago
uber female driver and rider safety feature

Uber is rolling out a new safety-focused feature in the U.S.

2 days ago
sniper elite 5 cover art

Get the Full Sniper Elite Series for Just $14 in Humble Bundle’s Latest Deal

2 days ago
everybody loves raymond sitcom family dinner scene

Five Times Everybody Loves Raymond Captured the Spirit of American Life

3 days ago
mitchell-owen-cricket-australia-west-indies-2025

Mitchell Owen Shines on Debut as Australia Edge West Indies in T20 Series Opener

3 days ago
brooklyn nine-nine tv show police station diversity

‘Brooklyn Nine-Nine’ Made Us Laugh, But Got Police Diversity Wrong

5 days ago
brooklyn nine-nine cast diversity police representation

Brooklyn Nine-Nine’s Diversity Isn’t Quite As Realistic As It Seems

5 days ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEARCH

No Result
View All Result

ADVERTISEMENTS

(adsbygoogle = window.adsbygoogle || []).push({});

POPULAR ARTICLES

indian household savings 2024 economic report

Household Savings in India Could Hit ₹22 Lakh Crore in 2024-25, RBI Surplus Boosts Fiscal Space

2 months ago
colored-eye-contacts

Cosmetic Colored Eye Contacts – Make Your Eyes Pop & Look Alive

6 years ago
Crypto Transaction

How Cryptocurrency Transaction Works? Read Pros & Cons of Cryptocurrency

3 years ago
Roblox Game Pass

Strategies for Maximizing Player Engagement with Your Roblox Game Pass

2 years ago
BNB

BNB’s Price Surge in India: A Comprehensive Analysis

1 year ago
Bitcoin Price

Bitcoin Price Plummets: Key Factors Behind Latest Crypto Crash Explained

1 year ago
AI digital lending platform fintech solutions

AI Stock in Spotlight After $2 Million Digital Lending Platform Order

7 months ago
Nubia Flip 2 smartphone foldable display

Nubia Flip 2 Goes Global: A Stylish Foldable With Premium Features at an Affordable Price

5 months ago
eSports

Just How Big Will eSports Be?

8 years ago
Iontophoresis Device

Iontophoresis Device, the Best Treatment for Excessive Sweating

8 years ago
Facebook Twitter Youtube

ABOUT US

The KeralaNews 24×7 website is for desi entertainment lovers across India, USA and UK. We often cover breaking News & Trending topics in India and have been referenced by numerous media outlets. Follow us on our Social media profiles for the latest updates and news.

Contents produced in this website are subjected to DigitalCopyRight Law.

© 2023 KeralaNews 24×7 – Website Designed by VISION

WEBSITE STATS

  • Google News Approved
  • 1,00,000 Traffic/Month
  • Domain Authority – 25
  • 70% Traffic from Google

ADVERTISE WITH US

If you are looking to advertise your business or website, feel free to contact us at ceo.keralanews247@gmail.com

We accept following form of advertisements,

  • Banner Ads
  • Contextual Links
  • Guest Posts
  • Sponsored Posts

SEARCH

No Result
View All Result

MORE INFO

  • ABOUT
  • PRIVACY
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL

© 2023 KeralaNews 24x7 - Website Designed by VISION

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.