India Genetic Testing Market by Type (Cytogenetic Testing, Biochemical Testing, Molecular Testing), By Application (Reproductive Cancer Screening, Ancestry Testing, Predictive and Pre-symptomatic Testing, Others), By Region, Competition, Forecast & Opportunities, 2018-2028

  • Industry : Healthcare
  • Pages : 70
  • Published Date : September, 2022
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Summary

Report Description

The India Genetic Testing Market was valued at USD60.78 million in 2022 and is further anticipated to grow at a CAGR of 6.94%, during the forecast period owing to rising patients of chronic and genetic diseases and increasing technological advancements. 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 upgradation 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.

Increase in Chronic and Genetic Diseases

Increased chronic and genetic instances and increased consumer awareness towards genetic testing for the diagnosis of chronic and genetic disorders are expected to move the genetic testing market forward in approaching years. The need of genetic testing is increasing as the number of people with genetic disorder rises. Increased awareness towards the medication and their diagnosis is influencing the market of genetic testing in India.

Technological Advancements

Technological breakthroughs such as HTS and NGS (next generation sequencing) have aided in the early diagnosis of a variety of disorders. These technologies improved the efficiency and accuracy of the tests, presenting promising prospects for the Indian genetic testing market. Acknowledging AI databases into genetic testing to check if the DNA is analyzed in history is expected to grow the future market of genetic testing in India.  

Decrease in Fertility Rate

The expansion of the genetic testing industry is affected by the decline in fertility rates because when a couple fails to conceive despite numerous attempts, a genetic test is performed to see if the problem is genetic. Both parents will be assessed. Preconception screening allows couples who are hoping to become pregnant to know their reproductive risk. Genetic testing are also advised for the identification of genetic illnesses that are transmissible to offspring.


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Market Segmentation

India Genetic testing market is segmented based on type, application, and region. Based on the type, the market can be split into Cytogenetic Testing, Biochemical Testing and Molecular Testing. In terms of application, the market can be categorized into Reproductive, Cancer Screening, Ancestry Testing, Predictive and Pre-symptomatic Testing and Others. Based on region, the market is categorized into South, North, West, and East.

Company Profiles

MedGenome Labs Limited, Strand Life Sciences Private Limited, Centogene India Private Limited, Eurofins Clinical Diagnostics Bangalore Private Limited, Mapmygenome India Limited, Clevergene Biocorp Private Limited, Virtus Nutrition Private Limited (The GeneBox), LifeCell International Pvt. Ltd., Genes2Me Pvt. Ltd., GeneTech India Private Limited, etc. are among the major market players in the Indian platform that lead the market growth of the India Genetic Testing Market.

Attribute

Details

Market size value in 2022

USD 60.78 Million

Revenue Forecast in 2028

USD 90.52 Million

Growth Rate

6.94%

Base Year

2022

Historical Years

2018 – 2022

Estimated Year

2023

Forecast Period

2022 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         By Type

·         By Application

Regional Scope

North; South; West; East;

Key Companies Profiled

MedGenome Labs Limited, Strand Life Sciences Private Limited, Centogene India Private Limited, Eurofins Clinical Diagnostics Bangalore Private Limited, Mapmygenome India Limited, Clevergene Biocorp Private Limited, Virtus Nutrition Private Limited (The GeneBox), LifeCell International Pvt. Ltd., Genes2Me Pvt. Ltd., GeneTech India Private Limited

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

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:
    • Cytogenetic Testing
    • Biochemical Testing
    • Molecular Testing
  • India Genetic Testing Market, By Application:

o      Reproductive

o      Cancer Screening

o      Ancestry Testing

o      Predictive and Pre-symptomatic Testing

o      Others

  • India Genetic Testing Market, By Region:
    • North
    • South
    • West
    • East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Genetic Testing market.

Available Customizations:

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:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).


Table of content

1.     Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on India Genetic Testing Market

5.    Voice of Customer

5.1.  Commonly Observed Genetic Problems in India

5.2.  Genetic Diseases Prevalence, By Region

5.3.  Genetic Diseases Prevalence, By Gender

6.    India Genetic Testing Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Cytogenetic Testing, Biochemical Testing, Molecular Testing)

6.2.2.     By Application (Reproductive Testing, Cancer Screening, Ancestry Screening, Predictive and Pre-Symptomatic Testing, Others)

6.2.3.     By Region

6.2.3.1.         By State (Top 3 States)

6.2.4.     By Company (2022)

6.3.  Product Market Map

7.    West India Genetic Testing Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Application

8.    North India Genetic Testing Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Application

9.    South India Genetic Testing Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Application

10.  East India Genetic Testing Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Application

11.  Market Dynamics

11.1.  Drivers

11.2.  Challenges

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  India Economic Profile

15.  Competitive Landscape

15.1.    MedGenome Labs Limited

15.2.    Strand Life Sciences Private Limited

15.3.    Centogene India Private Limited

15.4.    Eurofins Clinical Diagnostics Bangalore Private Limited

15.5.    Mapmygenome India Limited

15.6.    Clevergene Biocorp Private Limited

15.7.    Virtus Nutrition Private Limited (The GeneBox)

15.8.    LifeCell International Pvt. Ltd.

15.9.    Genes2Me Pvt. Ltd.

15.10.  GeneTech India Private Limited

16.  Strategic Recommendations

Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022. 

Figures and Tables

Figure 1: India Genetic Testing Market Size, By Value (USD Million), 2018-2028F

Figure 2: India Genetic Testing Market Share, By Type, By Value, 2018-2028F

Figure 3: India Genetic Testing Market Share, By Application, By Value, 2018-2028F

Figure 4: India Genetic Testing Market Share, By Region, By Value, 2018-2028F

Figure 5: India Genetic Testing Market Share, By Company, By Value, 2022

Figure 6: India Genetic Testing Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021

Figure 7: India Genetic Testing Market Map, By Application, Market Size (USD Million) & Growth Rate (%), 2021

Figure 8: India Genetic Testing Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

Figure 9: South India Genetic Testing Market Size, By Value (USD Million), 2018-2028F

Figure 10: South India Genetic Testing Market Share, By Type, By Value, 2018-2028F

Figure 11: South India Genetic Testing Market Share, By Application, By Value, 2018-2028F

Figure 12: North India Genetic Testing Market Size, By Value (USD Million), 2018-2028F

Figure 13: North India Genetic Testing Market Share, By Type, By Value, 2018-2028F

Figure 14: North India Genetic Testing Market Share, By Application, By Value, 2018-2028F

Figure 15: West India Genetic Testing Market Size, By Value (USD Million), 2018-2028F

Figure 16: West India Genetic Testing Market Share, By Type, By Value, 2018-2028F

Figure 17: West India Genetic Testing Market Share, By Application, By Value, 2018-2028F

Figure 18: East India Genetic Testing Market Size, By Value (USD Value), 2018-2028F

Figure 19: East India Genetic Testing Market Share, By Type, By Value, 2018-2028F

Figure 20: East India Genetic Testing Market Share, By Application, By Value, 2018-2028F

Frequently asked questions

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Genetic testing modality has grown leaps and bounds in India to become an inevitable part of healthcare delivery in the country and is well-poised for strong growth. Currently, the market size of Genetic testing is about USD 60.78 Million and it will grow with a CAGR of 6.94% by 2028.

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Cytogenetic testing dominated the India Genetic Testing market with an overall share of 48.64% in 2022. Cytogenetics is used to develop personalized medicine, targeted cancer treatment, and others. An increase in incidences of genetic disorders and cancer advancements in cytogenetics propels the market growth for cytogenetic testing.

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The major factors slowing down the growth is Lack of awareness, lack of proper healthcare infrastructure, Lack of experienced professionals, affordability.

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The major trends in terms of Genetic testing Market include companies spending money on R&D activities, advances in technology, rise in government initiatives, increase in production of self-testing kits.

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Sakshi Bajaal

Business Consultant
Press Release

India Genetic Testing Market to Grow with a CAGR of 6.94% through 2028

Aug, 2022

Increasing in chronic diseases and genetical disorders are driving the growth of India Genetic Testing Market in the forecast period, 2024-2028.

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