Asia-Pacific Genetic Testing Market Size

Statistics for the 2023 & 2024 Asia-Pacific Genetic Testing market size, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Genetic Testing size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Asia-Pacific Genetic Testing Industry

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Asia-Pacific Gen
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 4.35 Billion
Market Size (2029) USD 7.63 Billion
CAGR (2024 - 2029) 11.90 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Asia Pacific Genetic Testing Market Analysis

The Asia-Pacific Genetic Testing Market size is estimated at USD 4.35 billion in 2024, and is expected to reach USD 7.63 billion by 2029, growing at a CAGR of 11.90% during the forecast period (2024-2029).

The COVID-19 pandemic is expected to have a significant impact on market growth. Biopharmaceutical innovators are at the forefront of the human response to the coronavirus pandemic. A significant number of major biotech firms are in 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. For instance, in May 2021, Sanofi, a French-based pharmaceutical giant and Britain's GSK reported the start of phase 3 of a clinical study for COVID vaccine across the world, with sites in the Asia-Pacific region too. The vaccine will be based on recombinant DNA technology.

A study titled, 'Genetic testing and serological screening for SARS-CoV-2 infection in a COVID-19 outbreak in a nursing facility in Japan', was published in March 2021 in BMC Infectious Diseases. The study found that thorough PCR testing, in combination with comprehensive and separate genetic tests, is critical for managing COVID-19 outbreaks in nursing facilities. Serological testing is also beneficial for tracing contacts, confirming the number of infected individuals, and authorizing the termination of the outbreak. Thus, these developments are expected to boost market growth.

Certain factors that are driving the market growth include a growing demand for personalized medicine and the increased application of genetic testing in oncology. The diagnostic and pharmaceuticals sector in the Asia-Pacific region has gained momentum, owing to speedy adoption and rising technological advancements. This has resulted in the adoption of personalized medicine across the region.

Use of genetic tests for breast cancer diagnosis is gaining momentum. Women with certain BRCA1 or BRCA2 gene variations ((both of which are inherited) have up to an 85 percent lifetime chance of developing breast cancer, compared to a 13 percent chance among the general female population. Women with harmful BRCA1 and BRCA2 mutations also have up to a 39 and 17 percent chance, respectively, of developing ovarian cancer, compared with a 1.3 percent chance among the general female population. Thus, BRCA1 and BRCA2 genetic tests can guide preventive measures, such as prophylactic surgery, chemoprevention, and more frequent mammography. Increase in prevalence of breast cancer across Asian countries is a cause of concern. According to Globacan 2020, the number of new breast cancer cases diagnosed in China alone was 416,371. Thus, the demand for genetic tests is increased due to a greater emphasis in medicine from reaction to diagnosis of the disease.

Asia Pacific Genetic Testing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)