Genetic Testing Market Size

Genetic Testing Market size was over USD 22.74 billion in 2024 and is projected to cross USD 72.05 billion by the end of 2037, witnessing more than 9.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of genetic testing is estimated at USD 24.43 billion. The reason behind the growth is impelled by the rising prevalence of hereditary illnesses. The prevalence of hereditary illnesses is rising as a result of a lack of understanding of the usefulness of genetic testing.

Patients could use genetic testing to help them make crucial decisions about the early diagnosis, treatment, or prevention of hereditary illnesses. For instance, more than 250,000 kids worldwide are born with sickle cell disease each year, and the disease affects over 4% of the world's population.

The growing popularity of personalized medicine is believed to fuel the market growth. Personalized medicine is becoming incredibly popular, since it helps patients' prognoses and therapies to be more effective, and is a fresh and improved method of treating patients that is based on the individual genetic composition of each patient. Personalized medicine uses genetic testing to enable providers to better serve their patients, advance precision and personalized medicine, and increase patient outcomes.