India genetic testing market is expected
to grow at a significant CAGR in the forecast period, FY2023-FY2027. The
increasing prevalence of genetic disorders occurring around the globe and the
rising use of genetic tests which are used for the diagnosis of cardiovascular
diseases, cancer diagnosis, genetic disease diagnosis, amongst others is
expected to accelerate the growth of the genetic testing market. The growing
awareness and demand for the personalized medicines and treatment to ensure
quality treatment and witness improved results is expected to pave the way for
the genetic testing market growth. Advancements and technological up-gradation
in the field of genetic testing is expected to create lucrative opportunities
for market growth in the next five years. The improvement in the economic
conditions of the developing economies and the allocation of funds for the
development of the healthcare sector to provide quality treatment is expected
to boost the genetic testing market growth in the next five years. The early
detection of genetic diseases can help in the treatment of diseases more
efficiently. The rising disposable income of middle-class families is enabling
them to afford quality healthcare services which in turn is expected to
influence the genetic testing market growth in the next five years.
India genetic testing market is
segmented into type, technology, application, regional distribution, and
company. Based on the type, the market can be divided into prescribed genetic
testing and direct-to-consumer genetic testing. The direct-to-consumer genetic
testing segment is expected to account for major market share, FY2023-FY2027.
The growing awareness among consumers about the benefits of genetic testing and
the technological advancements providing more accurate results is fostering the
growth of the genetic testing market.
The major players operating in the India
genetic testing market are Mapmygenome India Ltd., The
Gene Box, MedGenome Labs Ltd., Strand Life Sciences Pvt. Ltd., Centogene India
Private Limited, Eurofins Product Testing India Private Limited, and
others. Major companies are developing advanced technologies and launching new services
to stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new service developments.
considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023–FY2027
Objective of the Study:
- To analyze the historical growth of the market size of India
genetic testing market from FY2017 to FY2020.
- To estimate and forecast the market size of India genetic testing market
from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast India genetic testing market based on type,
technology, application, regional distribution, and company.
- To identify dominant region or segment in the India genetic testing
- To identify drivers and challenges for India genetic testing market
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in India genetic testing
- To identify and analyze the profile of leading players operating in
India genetic testing market.
- To identify key sustainable strategies adopted by market players in
India genetic testing market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of service providers across the globe. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the service providers who could not be
identified due to the limitations of secondary research. TechSci Research
analyzed the service providers, distribution channels and presence of all major
players across the globe.
Research calculated the market size of India genetic testing market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also
studied by TechSci Research.
Key Target Audience:
- Genetic testing service provider companies
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums, and alliances related
to genetic testing market
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers, suppliers and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
In this report, India genetic testing market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
India Genetic Testing Market, By Type:
- India Genetic Testing Market, By Technology:
- India Genetic Testing Market, By Application:
Predictive & Pre-Symptomatic Testing
- India Genetic Testing Market, By Region:
Company Profiles: Detailed analysis of the major
companies present in India genetic testing market.
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
India genetic testing
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]
- Detailed analysis and profiling of
additional market players (up to five).