Asia Pacific Genetic Testing Services Market Forecast to 2030 - Regional Analysis - by Service Type (Predictive Testing, Carrier Testing, Prenatal Testing, Newborn Screening, and Others), Disease (Cancer, Metabolic Diseases, Cardiovascular Diseases, and Other Diseases), and Service Provider (Hospital-Based Laboratories, Diagnostic Laboratories, and Others)
The Asia Pacific genetic testing services market was valued at US$ 646.31 million in 2022 and is expected to reach US$ 2,156.88 million by 2030; it is estimated to register a CAGR of 16.3% from 2022 to 2030.
Untapped Emerging Markets in Developing Countries Boost Asia Pacific Genetic Testing Services Market
Emerging countries such as China, India, Brazil, and Mexico offer significant growth opportunities to market players. The high growth can majorly be attributed to the increasing public healthcare expenditure, improving healthcare infrastructure, and the presence of a large target patient population. The need for genetic testing has also increased owing to a rise in awareness of genetic disorders in developing economies and their early diagnosis. The ease and applicability of genetic testing procedures have benefitted R&D activities in developing regions worldwide. Major market players are focusing on strategies and initiatives, such as agreements, collaborations, partnerships, and expansions, to improve their product availability, accessibility, and distribution networks in these countries, as it will help them address the growing need for early diagnosis and treatment. For instance, in 2023, Progenesis, a well-known international genetic testing company with its headquarters in the US, has opened its first Genetic Laboratory in New Delhi and its AI & Bioinformatics Data Center in Chennai, marking the company's official entry into the Indian market. The Chinese government identifies genomics as an important strategic field in its 14th Five-Year Plan (2016-2020) for the country's economic and social development. In 2016, the Chinese Academy of Sciences launched the Precision Medicine Initiative, a 14-year project worth US$ 9.2 billion to sequence more than 100 million human genomes by 2030. In December 2017, China's Ministry of Science and Technology collaborated with a human genome research project to document the genetic makeup of 100,000 people. Using the genetic data of nine different minority groups, researchers desire to decode hereditary information within genes. In addition, rising consumer awareness regarding DTC genetic tests in developing economies offers growth opportunities to the DTC industry. Therefore, emerging markets in developing countries are expected to offer significant opportunities to the players operating in the market and boost the market growth during the forecast period.
Asia Pacific Genetic Testing Services Market Overview
The Asia Pacific genetic testing services market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The market growth is driven by a large pool of patients living with genetic conditions and increasing investments by the governments of the respective countries in the region. An increase in affordability, surge in healthcare expenditure, and rise in awareness toward early screening of genetic disorders are expected to fuel the market growth in the forecast period. In addition, the rise in the development and research for genomics and the rise in the programs for genomics further augment the market growth.
Asia Pacific Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Million)
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Asia Pacific Genetic Testing Services Market Segmentation
The Asia Pacific genetic testing services market is categorized into service type, disease, service provider, and country.
Based on service type, the Asia Pacific genetic testing services market is segmented predictive testing, carrier testing, prenatal testing, newborn screening, and others. The predictive testing segment held the largest market share in 2022.
In terms of disease, the Asia Pacific genetic testing services market is categorized into cancer, metabolic diseases, cardiovascular diseases, and other diseases. The cancer segment held the largest market share in 2022.
By service provider, the Asia Pacific genetic testing services market is segmented into hospital-based laboratories, diagnostic laboratories, and others. The hospital-based laboratories segment held the largest market share in 2022.
By country, the Asia Pacific genetic testing services market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific genetic testing services market share in 2022.
Eurofins Scientific SE, Exact Sciences Corp, Laboratory Corp of America Holdings, Quest Diagnostics Inc, Illumina Inc, F. Hoffmann-La Roche Ltd, and Centogene AG are among the leading companies operating in the Asia Pacific genetic testing services market.
Table of Content
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Genetic Testing Services Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Rising Prevalence of Genetic Diseases
4.1.2 Increasing Awareness and Acceptance of Personalized Medicines
4.1.3 Growing Preference for Direct-To-Consumer (DTC) Genetic Testing
4.2 Market Restraints
4.2.1 Social and Ethical Implications of Genetic Testing
4.2.2 Affordability of Genetic Services
4.3 Market Opportunities
4.3.1 Untapped Emerging Markets in Developing Countries
4.4 Future Trends
4.4.1 Artificial Intelligence-Powered Genetic Testing
4.5 Impact Analysis:
5. Genetic Testing Services Market - Asia Pacific Market Analysis
5.1 Asia Pacific Genetic Testing Services Market Revenue (US$ Mn), 2022 - 2030
6. Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 - by Service Type
6.1 Overview
6.2 Asia Pacific Genetic Testing Services Market Revenue Share, by Service Type, 2022 & 2030 (%)
6.3 Predictive Testing
6.3.1 Overview
6.3.2 Predictive Testing: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
6.4 Carrier Testing
6.4.1 Overview
6.4.2 Carrier Testing: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
6.5 Prenatal Testing
6.5.1 Overview
6.5.2 Prenatal Testing: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
6.6 Newborn Screening
6.6.1 Overview
6.6.2 Newborn Screening: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
6.7 Others
6.7.1 Overview
6.7.2 Others: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
7. Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 - by Disease
7.1 Overview
7.2 Asia Pacific Genetic Testing Services Market Revenue Share, by Disease, 2022 & 2030 (%)
7.3 Cancer
7.3.1 Overview
7.3.2 Cancer: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Cardiovascular Diseases
7.4.1 Overview
7.4.2 Cardiovascular Diseases: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Metabolic Diseases
7.5.1 Overview
7.5.2 Metabolic Diseases: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
7.6 Other Diseases
7.6.1 Overview
7.6.2 Other Diseases: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 - by Service Provider
8.1 Overview
8.2 Asia Pacific Genetic Testing Services Market Revenue Share, by Service Provider, 2022 & 2030 (%)
8.3 Hospital-Based Laboratories
8.3.1 Overview
8.3.2 Hospital-Based Laboratories: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Diagnostic Laboratories
8.4.1 Overview
8.4.2 Diagnostic Laboratories: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Genetic Testing Services Market - Country Analysis
9.1 Asia Pacific
9.1.1 Asia Pacific Genetic Testing Services Market, by Country
9.1.1.1 China
9.1.1.1.1 Overview
9.1.1.1.2 China Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Mn)
9.1.1.1.3 China Genetic Testing Services Market, by Service Type, 2020-2030 (US$ Million)
9.1.1.1.4 China Genetic Testing Services Market, by Disease, 2020-2030 (US$ Million)
9.1.1.1.5 China Genetic Testing Services Market, by Service Provider, 2020-2030 (US$ Million)
9.1.1.2 Japan
9.1.1.2.1 Overview
9.1.1.2.2 Japan Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Mn)
9.1.1.2.3 Japan: Asia Pacific Genetic Testing Services Market, by Service Type, 2020-2030 (US$ Million)
9.1.1.2.4 Japan: Asia Pacific Genetic Testing Services Market, by Disease, 2020-2030 (US$ Million)
9.1.1.2.5 Japan: Asia Pacific Genetic Testing Services Market, by Service Provider, 2020-2030 (US$ Million)
9.1.1.3 India
9.1.1.3.1 Overview
9.1.1.3.2 India Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Mn)
9.1.1.3.3 India Genetic Testing Services Market, by Service Type, 2020-2030 (US$ Million)
9.1.1.3.4 India Genetic Testing Services Market, by Disease, 2020-2030 (US$ Million)
9.1.1.3.5 India Genetic Testing Services Market, by Service Provider, 2020-2030 (US$ Million)
9.1.1.4 Australia
9.1.1.4.1 Overview
9.1.1.4.2 Australia Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Mn)
9.1.1.4.3 Australia Genetic Testing Services Market, by Service Type, 2020-2030 (US$ Million)
9.1.1.4.4 Australia Genetic Testing Services Market, by Disease, 2020-2030 (US$ Million)
9.1.1.4.5 Australia Genetic Testing Services Market, by Service Provider, 2020-2030 (US$ Million)
9.1.1.5 South Korea
9.1.1.5.1 Overview
9.1.1.5.2 South Korea Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Mn)
9.1.1.5.3 South Korea Genetic Testing Services Market, by Service Type, 2020-2030 (US$ Million)
9.1.1.5.4 South Korea Genetic Testing Services Market, by Disease, 2020-2030 (US$ Million)
9.1.1.5.5 South Korea Genetic Testing Services Market, by Service Provider, 2020-2030 (US$ Million)
9.1.1.6 Rest of Asia Pacific
9.1.1.6.1 Overview
9.1.1.6.2 Rest of Asia Pacific Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Mn)
9.1.1.6.3 Rest of Asia Pacific Genetic Testing Services Market, by Service Type, 2020-2030 (US$ Million)
9.1.1.6.4 Rest of Asia Pacific Genetic Testing Services Market, by Disease, 2020-2030 (US$ Million)
9.1.1.6.5 Rest of Asia Pacific Genetic Testing Services Market, by Service Provider, 2020-2030 (US$ Million)
10. Genetic Testing Services Market-Industry Landscape
10.1 Overview
10.2 Growth Strategies in Genetic Testing Services Market
10.3 Organic Growth Strategies
10.3.1 Overview
10.4 Inorganic Growth Strategies
10.4.1 Overview
11. Company Profiles
11.1 Eurofins Scientific SE
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 Exact Sciences Corp
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 Laboratory Corp of America Holdings
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 Inc
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 Illumina Inc
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 F. Hoffmann-La Roche Ltd
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 Centogene AG
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
12. Appendix
12.1 About Us
12.2 Glossary of Terms
List of Tables
Table 1. Asia Pacific Genetic Testing Services Market Segmentation
Table 2. China Genetic Testing Services Market, by Service Type - Revenue and Forecast to 2030 (US$ Million)
Table 3. China Genetic Testing Services Market, by Disease - Revenue and Forecast to 2030 (US$ Million)
Table 4. China Genetic Testing Services Market, by Service Provider - Revenue and Forecast to 2030 (US$ Million)
Table 5. Japan: Asia Pacific Genetic Testing Services Market, by Service Type - Revenue and Forecast to 2030 (US$ Million)
Table 6. Japan: Asia Pacific Genetic Testing Services Market, by Disease - Revenue and Forecast to 2030 (US$ Million)
Table 7. Japan: Asia Pacific Genetic Testing Services Market, by Service Provider - Revenue and Forecast to 2030 (US$ Million)
Table 8. India Genetic Testing Services Market, by Service Type - Revenue and Forecast to 2030 (US$ Million)
Table 9. India Genetic Testing Services Market, by Disease - Revenue and Forecast to 2030 (US$ Million)
Table 10. India Genetic Testing Services Market, by Service Provider - Revenue and Forecast to 2030 (US$ Million)
Table 11. Australia Genetic Testing Services Market, by Service Type - Revenue and Forecast to 2030 (US$ Million)
Table 12. Australia Genetic Testing Services Market, by Disease - Revenue and Forecast to 2030 (US$ Million)
Table 13. Australia Genetic Testing Services Market, by Service Provider - Revenue and Forecast to 2030 (US$ Million)
Table 14. South Korea Genetic Testing Services Market, by Service Type - Revenue and Forecast to 2030 (US$ Million)
Table 15. South Korea Genetic Testing Services Market, by Disease - Revenue and Forecast to 2030 (US$ Million)
Table 16. South Korea Genetic Testing Services Market, by Service Provider - Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of Asia Pacific Genetic Testing Services Market, by Service Type - Revenue and Forecast to 2030 (US$ Million)
Table 18. Rest of Asia Pacific Genetic Testing Services Market, by Disease - Revenue and Forecast to 2030 (US$ Million)
Table 19. Rest of Asia Pacific Genetic Testing Services Market, by Service Provider - Revenue and Forecast to 2030 (US$ Million)
Table 20. Recent Organic Growth Strategies in Genetic Testing Services Market
Table 21. Recent Inorganic Growth Strategies in the Genetic Testing Services Market
Table 22. Glossary of Terms, Genetic Testing Services Market
List of Figures
Figure 1. Asia Pacific Genetic Testing Services Market Segmentation, By Country
Figure 2. Asia Pacific Genetic Testing Services Market - Key Industry Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Asia Pacific Genetic Testing Services Market Revenue (US$ Mn), 2022 - 2030
Figure 5. Asia Pacific Genetic Testing Services Market Revenue Share, by Service Type, 2022 & 2030 (%)
Figure 6. Predictive Testing: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 7. Carrier Testing: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 8. Prenatal Testing: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Newborn Screening: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 10. Others: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Asia Pacific Genetic Testing Services Market Revenue Share, by Disease, 2022 & 2030 (%)
Figure 12. Cancer: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Cardiovascular Diseases: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 14. Metabolic Diseases: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Other Diseases: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Asia Pacific Genetic Testing Services Market Revenue Share, by Service Provider, 2022 & 2030 (%)
Figure 17. Hospital-Based Laboratories: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Diagnostic Laboratories: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: Asia Pacific Genetic Testing Services Market - Revenue and Forecast to 2030 (US$ Million)
Figure 20. Asia Pacific Genetic Testing Services Market, by Key Country - Revenue, 2022 (US$ Million)
Figure 21. Asia Pacific Genetic Testing Services Market, By Key Countries, 2022 and 2030 (%)
Figure 22. China Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Mn)
Figure 23. Japan Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Mn)
Figure 24. India Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Mn)
Figure 25. Australia Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Mn)
Figure 26. South Korea Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Mn)
Figure 27. Rest of Asia Pacific Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Mn)
Figure 28. Growth Strategies in Genetic Testing Services Market
1. Eurofins Scientific SE
2. Exact Sciences Corp
3. Laboratory Corp of America Holdings
4. Quest Diagnostics Inc
5. Illumina Inc
6. F. Hoffmann-La Roche Ltd
7. Centogene AG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific genetic testing services market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific genetic testing services market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific genetic testing services market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.