Europe DNA Genetic Testing Market was valued at USD 1.3 Billion in 2022 and is projected to reach USD 3.1 Billion by 2030, growing at a CAGR of 12.0% from 2024 to 2030.
The Europe DNA Genetic Testing Market is experiencing significant growth, with a rising demand from various industries seeking to harness the power of genetics for improved outcomes. This growing interest is attributed to advancements in genomics technology, increased awareness of personalized medicine, and the development of more affordable and accessible genetic testing services. The market is driven by a combination of healthcare, research, and other sectors eager to leverage genetic data for more precise results.
Healthcare professionals, especially in the field of personalized medicine, are the primary drivers of this market. By using genetic testing, doctors can tailor treatments to individual patients based on their genetic makeup, improving therapeutic effectiveness and reducing side effects. In addition, genetic testing is playing an essential role in prenatal care, cancer screening, and the diagnosis of rare genetic disorders. These developments have encouraged pharmaceutical companies to integrate genetic testing into their clinical trials to identify potential treatment responses in specific genetic subgroups.
In addition to healthcare, the agriculture and food industries are showing increasing demand for genetic testing services. By analyzing the genetic makeup of crops and livestock, these industries are able to improve breeding practices, enhance product quality, and increase productivity. For example, genetic testing is used in crop development to create more resilient, disease-resistant plants, thereby reducing the reliance on chemical pesticides and ensuring sustainable agriculture. Similarly, livestock genetic testing helps farmers identify high-quality breeding stock and improve overall herd health.
Furthermore, the demand for genetic testing is on the rise in research and forensics, as these sectors continue to utilize DNA analysis for a variety of applications, including criminal investigations and ancestry tracing. The growing need for accuracy and reliability in genetic testing services is making DNA testing an indispensable tool across multiple industries.
With such diverse requirements from industries, the Europe DNA Genetic Testing Market is poised for continued expansion. As the technology becomes more advanced and accessible, we can expect an increase in both consumer and industry-driven demand for genetic testing services.
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Abbott
CSL
Danaher
Eurofins Scientific
F. Hoffmann-La Roche
Illumina
Myriad Genetics
Qiagen
Thermo Fisher Scientific
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe DNA Genetic Testing Market
Health Risk Testing
Ancestry Testing
Paternity Testing
Genetic Carrier Screening
Nutrigenomics Testing
Pharmacogenomics Testing
Personalized Medicine
Prenatal Testing
Oncology Testing
Forensic Testing
Research and Development
Consumer Services
Sanger Sequencing
Next-Generation Sequencing (NGS)
Polymerase Chain Reaction (PCR)
Microarray Technology
Whole Genome Sequencing
CRISPR-based Technologies
Hospitals and Clinics
Laboratories
Research Institutions
Pharmaceutical Companies
Direct-to-Consumer
Home Testing Kits
Saliva
Blood
Hair
Skin
Tissues
Other Bodily Fluids
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe DNA Genetic Testing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe DNA Genetic Testing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe DNA Genetic Testing Market, By Type
6. Europe DNA Genetic Testing Market, By Application
7. Europe DNA Genetic Testing Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe DNA Genetic Testing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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