PUBLISHER: Polaris Market Research | PRODUCT CODE: 1745684
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1745684
The global rare disease genetic testing market size is expected to reach USD 3,790.38 million by 2034, according to a new study by Polaris Market Research. The report "Rare Disease Genetic Testing Market Size, Share, Trends, Industry Analysis Report: By Technology, Speciality (Molecular Genetic Tests, Chromosomal Genetic Tests, and Biochemical Genetic Tests), Disease Type, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising rare disease genetic testing market demand is attributed to an increasing need for early and accurate diagnosis of rare genetic disorders. Advancements in next-generation sequencing (NGS) and other molecular diagnostic technologies have enhanced the efficiency and precision of genetic testing. In 2024, North America dominated the market, whereas the market in Asia Pacific is projected to witness the fastest growth, supported by rising investments in research and healthcare infrastructure. The growing prevalence of rare cardiovascular diseases, hereditary cancers, and metabolic disorders has further propelled the need for genetic testing. Moreover, companies are focusing on technological advancements, strategic collaborations, and regulatory approvals to expand their market presence globally. Additionally, the rising adoption of artificial intelligence (AI) in genomic research is streamlining disease detection, significantly impacting rare disease genetic testing market expansion.
Government initiatives and regulatory support are boosting innovation and encouraging the integration of genetic testing into routine healthcare. Further, the growing awareness among healthcare providers and patients regarding the benefits of genetic testing has led to wider adoption of rare disease genetic testing.
Europe's genetic testing market is experiencing moderate growth due to the rising prevalence of chronic diseases, an ageing population, and increasing demand for early disease detection and personalized medicine. The region's strong presence of global companies and research organizations, along with growing R&D activities, particularly in the UK, further fuels market growth. Moreover, government and industry efforts, including the European Commission's cancer initiatives and partnerships with companies such as Genetic Analysis AS and Blueprint Genetics, are driving rare disease genetic testing market growth.
Polaris Market Research has segmented the rare disease genetic testing market report on the basis of technology, speciality, disease type, end use, and region:
By Technology Outlook (Revenue, USD Million, 2020-2034)
By Speciality Outlook (Revenue, USD Million, 2020-2034)
By Disease Type Outlook (Revenue, USD Million, 2020-2034)
By End Use Outlook (Revenue, USD Million, 2020-2034)
By Regional Outlook (Revenue, USD Million, 2020-2034)