The global genotyping market was valued at USD 12.65 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 15.6% from 2022 to 2030. The growth can be attributed to technological advancements, the rising prevalence of cancer & genetic disorders, and increasing R&D funding for precision medicine research. Furthermore, the COVID-19 pandemic witnessed a positive impact on the genotyping market, as the pandemic led to an increased demand for COVID-19 genotyping kits. SNP genotyping has been used for the detection of genetic variants of the Covid-19 virus.
An increase in government funding, especially for genomic research, by government bodies and pharma & biotechnology companies to accelerate research is expected to drive the genotyping market. For instance, in September 2018, NIH granted USD 28.6 million to the “All of Us Research Program” for establishing three genome centers around the U.S. dedicated to precision medicine research.
The prevalence of chronic diseases, such as cancer and genetic disease, is increasing worldwide and is expected to drive demand for genotypic-based diagnostic testing. For instance, according to WHO, 19.1 million new cancer cases were diagnosed globally in 2020. Cancer-causing viruses such as Human Papilloma Virus (HPV) and Hepatitis B Virus (HBV)/Hepatitis C Virus (HCV) are also responsible for about 20% of cancer deaths worldwide. The number of cancer cases is expected to increase by around 70% over the next two decades, estimated based on population growth and aging. Therefore, the rising prevalence of cancer is expected to be a high-impact rendering driver of this market.
However, a lack of skilled technicians, especially in developing countries, could slow the market growth, as genotyping data analysis and management require a high level of technical expertise. At the moment, developing nations have a relatively low number of professionals and experts.
Strategic initiatives undertaken by local players are anticipated to contribute to market growth. For instance, in February 2021, VG Acquisition Corp. merged with 23andMe, a U.S.-based genetics and research company actively working with direct-to-consumer genotyping solutions. This merger would provide capital funds for their genetic consumer health business.
The reagents & kits segment held the largest share in 2021. It is expected to expand at a CAGR of 15.8% during the forecast years. This is due to the increasing demand for genetic testing, rising investments in R&D, and increasing genotyping testing volumes. Furthermore, the software & services segment is also anticipated to expand at a significant rate due to the rise in the adoption of software-based services by research laboratories and academic institutions. Bioinformatics solution improves the efficacy of sequencing methods and helps avoid errors that occur in traditional sequencing methods. These services find application in agrigenomics, human diseases, animal livestock, and microbes. All the aforementioned factors are anticipated to propel market growth over the forecast period.
Pharmacogenomics is expected to be the fastest-growing technology during the forecast period. Genotyping helps identify patients suitable for a particular drug based on the patients’ genetic makeup. Identifying population subsets that are responsive or non-responsive help deliver tailor-made treatment to these individuals with different genetic makeup and helps reduce clinical trial attrition. Moreover, key players play an active role by providing solutions for pharmacogenomics studies. For instance, RT PCR solution by Thermo Fisher Scientific for pharmacogenomic testing includes TaqMan assays and QuantStudio instruments. It also provides a PharmacoScan solution with a PharmacoScan Assay Kit.
Diagnostics and personalized medicine account for the highest share in genotyping market, owing to the rising adoption of genotyping products for research and the increasing need for the diagnosis of genetic diseases. In addition, strategic collaborations among players are expected to boost the market growth. For instance, in February 2019, Centogene entered into a strategic partnership with Sarepta Therapeutics, Inc., to diagnose Duchenne muscular dystrophy patients in the MENA region.
PCR segment dominated the market and accounted for the largest revenue share in 2021. This high market share is attributable to increasing demand for advanced diagnostic techniques, rising number of CROs, forensic & research laboratories, and growing prevalence of diseases such as chronic diseases & genetic disorders are major factors expected to drive market growth.
Moreover, sequencing is expected to expand at a lucrative rate during the forecast period due to improved specificity and better ability to detect low expression & differentially expressed genes than other techniques. Genotyping by sequencing also helps perform comparative analysis across samples without the need for a reference genome.
The diagnostics and research laboratories segment is expected to expand at the fastest CAGR rate during the forecast period, owing to the rising adoption of genotyping products for research and the increasing need for diagnosis of genetic diseases & cancer. In addition, the growing prevalence of cancer also increases the demand for diagnostic tests, such as cancer genotyping assays, which is expected to drive the market.
The biopharmaceutical and pharmaceutical companies segment is expected to expand at a CAGR of 15.9% during the forecast period. The growing need for pharmacogenomics in the drug development process and FDA recommendations to include pharmacogenomics studies & genotyping in the drug discovery process are factors expected to drive market growth. Companies actively use pharmacogenomics to develop novel drugs. For instance, Pfizer is conducting a genotyping-based clinical trial to study the efficacy of Talazoparib in patients with somatic BRCA mutant resistant metastatic breast cancer. Thus, the rising number of clinical trials based on pharmacogenomics is expected to drive segment growth.
North America accounted for the largest market share in 2021, owing to the increasing adoption of technologically advanced products, the presence of major pharmaceutical & biopharmaceutical companies, proactive government measures, and advances in healthcare infrastructure. The presence of major players in this region is another key factor responsible for high market share.
Europe is also anticipated to exhibit a CAGR of 17.0% during the forecast period. The presence of enormous untapped growth can be attributed to several factors, such as technological advancements and the growing pharma and biopharma sector in the region. The Asia Pacific is anticipated to exhibit the fastest opportunities, and an increasing number of clinical trials are being conducted in this region.
Key players are adopting strategies, such as partnerships and new product launches to retain market share. For instance, in January 2020, Illumina and Roche collaborated to improve patient access to oncology genomic testing. Furthermore, in September 2021, Illumina under its Illumina Accelerator program invested in seven genomics companies across various countries.
Some of the prominent players in the global genotyping market include:
Illumina Inc.
Thermo Fisher Scientific Inc.
Qiagen Inc.
F. Hoffmann-La Roche Ltd.
Fluidigm Corporation
Danaher Corporation
Agilent Technologies
Eurofins Scientific Inc.
GE Healthcare Inc.
Bio-Rad Laboratories Inc.
Report Attribute |
Details |
Market size value in 2022 |
USD 15.09 billion |
Revenue forecast in 2030 |
USD 46.5 billion |
Growth rate |
CAGR of 15.6% from 2022 to 2030 |
Base year for estimation |
2021 |
Historical data |
2018 - 2020 |
Forecast period |
2022 - 2030 |
Quantitative units |
Revenue in USD million and CAGR from 2022 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, technology, application, end-use, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country scope |
U.S.; Canada; U.K.; Germany; France; Spain; Italy; China; Japan; India; South Korea; Australia; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE |
Key companies profiled |
Illumina, Inc.; Thermo Fisher Scientific Inc.; Qiagen Inc.; F. Hoffmann-La Roche Ltd.; Fluidigm Corporation; Danaher Corporation; Agilent Technologies Inc.; Eurofins Scientific Inc.; GE Healthcare Inc.; Bio-Rad Laboratories Inc. |
Customization scope |
Free report customization (equivalent to up to 8 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail of customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global genotyping market report based on product, technology, application, end-use, and region:
Product Outlook (Revenue, USD Million, 2018 - 2030)
Instruments
Sequencers & Amplifiers
Analyzers
Reagents & Kits
Software and Services
Genotyping Services
Application Outlook (Revenue, USD Million, 2018 - 2030)
Pharmacogenomics
Diagnostics and Personalized Medicine
Agricultural Biotechnology
Animal Genetics
Others
Technology Outlook (Revenue, USD Million, 2018 - 2030)
PCR
Real-time PCR
Digital PCR
Capillary Electrophoresis
Amplified Fragment Length Polymorphism
Restriction Fragment Length Polymorphism
Single-Strand Conformation Polymorphism
Microarrays
DNA Microarrays
Peptide Microarrays
Others
Sequencing
Next Generation Sequencing
Pyro Sequencing
Sanger Sequencing
Matrix-Assisted Laser Desorption/Ionization-Time of Flight (Maldi-TOF) Mass Spectroscopy
Others
End-Use Outlook (Revenue, USD Million, 2018 - 2030)
Pharmaceutical And Biopharmaceutical Companies
Diagnostics And Research Laboratories
Academic Institutes
Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
b. The global genotyping market size was estimated at USD 12.65 billion in 2021 and is expected to reach USD 15.09 billion in 2022.
b. The global genotyping market is expected to witness a compound annual growth rate of 15.6% from 2022 to 2030 to reach USD 46.5 billion in 2030.
b. Based on technology, Polymerase Chain Reaction (PCR) segment held the largest share of 20.23% in 2021, owing to a high number of approved products and significant usage in genotyping tests.
b. Some key players operating in the genotyping market include Thermo Fisher Scientific, Inc.; Agilent Technologies, Inc.; Fluidigm Corporation; Illumina, Inc.; Qiagen; F. Hoffman-La Roche Ltd; GENEWIZ; and PerkinElmer Inc. amongst others.
b. The major factors driving genotyping market growth are the rising prevalence of genetic diseases, increasing research on personalized medicine, and rising R&D funding for genomics projects.
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Biopharmaceutical innovators are at the forefront of the human response to the coronavirus pandemic. A significant number of major biotech firms are in the midst of a race to investigate the Sars-Cov-2 genome and prepare a viable vaccine for the same. As compared to the speed of response to SARS/MERs etc, the biotech entities are investigating SARs-Cov-2 at an unprecedented rate and a considerable amount of funds are being put into the R&D. With multiple candidates in trial, the public and private sectors are anticipated to work in unison for the foreseeable period, until a vaccine is developed for Covid-19. The report will account for COVID-19 as a key market contributor.
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