
Report ID: SQMIG35J2127
Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to predictive presymptomatic testing market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.
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Global Predictive Presymptomatic Testing market was valued at USD 4.9 Billion in 2023 and is expected to grow from USD 5.36 Billion in 2024 to USD 10.91 Billion by 2032, with a CAGR of 9.3% during the forecast period (2025-2032).
The international predictive presymptomatic testing market is moderately competitive, with behemoths such as 23andMe, Abbott Laboratories, and Myriad Genetics in the lead. The companies have varied strategies, including Myriad Genetics' acquisition of Gateway Genomics to strengthen its direct-to-consumer business. AI and genomics integration technology advances accuracy in tests, driving market growth. Government programs, including Australia's ban on genetic-based insurance discrimination, are propelling adoption. Multigene testing, facilitating simultaneous risk assessment for multiple diseases, is gaining acceptance with companies. In combination, these advances and facilitatory policies are strengthening the market's competitiveness and growth worldwide. 'Veracyte, Inc.', 'Abbott', '23andMe, Inc.', 'PharmaMar', 'Quest Diagnostics Incorporated', 'Celerion', 'Myriad Genetics, Inc.', 'Illumina, Inc.', 'Thermo Fisher Scientific Inc.', 'Genomic Health', 'Caris Life Sciences', 'Natera, Inc.', 'F. Hoffmann-La Roche ', 'Exact Sciences Corporation', 'BioAxis DNA Research Centre Private Limited', 'Color Genomics, Inc.', 'Direct Laboratory Services LLC (DirectLabs)', 'Gene Ltd.', 'Pathway Genomics Corporation', 'Positive Bioscience, Inc.'
The rising incidence of chronic noncommunicable diseases (NCDs) such as cancer, diabetes, and cardiovascular disease is driving the demand for presymptomatic predictive testing. WHO suggests that NCDs are responsible for 74% of total deaths worldwide, and 86% of avoidable NCD deaths happen in low- and middle-income nations. England and India forecasts report huge boosts in disease cases, and early detection is a key factor in enhancing outcomes and easing healthcare burdens.
Short-Term: Convergence of genomics and digital health is in full swing in the short term. Governments and healthcare organizations increasingly are favoring the use of genetic tests integrated with digital platforms to deliver improved patient care. For example, the European Union's Horizon Europe initiative has invested large amounts in advancing precision medicine and genetic testing technology, which has led to the potential development of digital solutions that allow easy sharing of data and remote monitoring. Such integration allows for personalized health coaching and prevention of disease, and predictive presymptomatic testing is made convenient and accessible.
Why is the Growing Demand for Advanced Diagnostic Solutions Driving Market Expansion in North America?
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Report ID: SQMIG35J2127
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