Human Genetics Market Overview

The size of the global human genetics market was estimated at USD 30.11 billion in 2023, and it is anticipated that total revenue would increase at a compound annual growth rate (CAGR) of 18.1% to reach almost USD 96.50 billion during the forecast period.

The scientific study of genetic material—which includes proteins, RNA, and DNA—and how it influences human characteristics, illnesses, and behavior is known as human genetics. This covers the study of genetic differences between people and populations, how they affect health and illness risk, and how parents pass on traits to their children. The study of gene expression, epigenetics, and the interaction of genes and environment were also included in the human genetic market.

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Dynamics of the Human Genetics Market:

The industry is being driven by growing education and awareness of the human genetics market.
The public is becoming more aware of and accepting of genetic therapies because they promise greater success rates and cutting-edge supportive technologies. Human genetic therapies and therapeutics are becoming more widely accepted thanks to the efforts of research institutes and municipal governments. To raise awareness and educate people about genetic illnesses, WHO started the Genetic Awareness Program. The aforementioned aspects contribute to the global expansion of the human genetics industry by raising awareness of the subject.

 

 

Human Genetics Market Regional Insights

The North American market is currently the largest for human genetics because of the region's sophisticated healthcare system, growing government financing for genetic research, and advantageous reimbursement regulations. In the years to come, the market is expected to continue growing at a consistent pace. Due to factors like the increasing prevalence of genetic disorders, the existence of sophisticated healthcare infrastructure, and the presence of major market players, the European human genetics market is regarded as mature. Over the course of the forecast period, the market is expected to maintain a moderate growth rate.

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Human Genetics Market Segmentation

by Sequencing Method

Shot-Gun Sequencing Method
De Novo Sequencing Method

By Sequencing Method: The sequencing method divides the human genetics market into additional segments, including A lab method for figuring out an organism's genome's DNA sequence is called shotgun sequencing. It can fill in the gaps or fix mistakes made by DNA sequencing techniques, as well as improve the accuracy of already-existing sequencing data, such as the human reference genome. Conversely, de novo sequencing entails sequencing a novel genome in the absence of an alignment reference sequence. A thorough genomic examination of every creature requires de novo sequencing, the initial step in getting the organism's fundamental genetic code. Over the course of the forecast period, this section of the human genetics market is anticipated to contribute to the expansion of the industry.

by End-User

Hospitals & Clinics
Research & Academics
Diagnostic Laboratories

by Application

Oncology
Cardiology
Neurology
Prenatal Testing

by Product Type

Genetic Testing tools
Software & Services
Laboratory Services

by Genetic Testing Type

Carrier Testing
Diagnostic Testing
Predictive Testing
Pharmacogenomics Testing

Human Genetics Market Key Players

1. Illumina
2. Thermo Fisher Scientific
3. Agilent Technologies
4. QIAGEN
5. BGI Genomics
6. Myriael Genetics
7. SYN Lab Espana
8. Biomarkers Technology
9. Echevarne Laboratories
10. Elab Science
11. NIM Genetics
12. Senior Sistemas Omicos
13. Full Genomics
14. Genin Code
15. Atrys Health
16. Genyca
17. Igenomix
18. Genologica
19. Bode Tecgnology Group Inc

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Key questions answered in the Human Genetics Market are:

  • What is Human Genetics?
  • What will be the CAGR at which the Human Genetics market will grow?
  • What is the growth rate of the Human Genetics Market?
  • What are the industry trends that can be implemented to generate additional revenue streams for the Human Genetics Market?
  • Who are the leading companies and what are their portfolios in Human Genetics Market?
  • What segments are covered in the Human Genetics Market?
  • Which are the factors expected to drive the Human Genetics market growth?

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