Myriad Genetics logo

Myriad Genetics

To advance health and well-being by making genetic insights integral to every major health decision for millions.

Myriad Genetics logo

Myriad Genetics SWOT Analysis

Updated: October 6, 2025 • 2025-Q4 Analysis

This Myriad Genetics SWOT Analysis reveals a company at a critical inflection point. Its core strengths—a diverse portfolio, trusted brand, and invaluable data asset—provide a strong foundation. However, the path to its vision is challenged by persistent unprofitability and intense competitive pricing pressure. The key to victory lies in leveraging its data as a moat, aggressively expanding into the high-growth mental health and international markets, and achieving sustainable profitability through operational excellence. The opportunities in pharma partnerships and deeper EMR integration are accelerators that must be seized. Ignoring the regulatory threats and the commoditizing force of competition would be a fatal error. The strategic imperative is clear: differentiate through innovation and data, expand into new frontiers, and build a profitable, resilient business model capable of funding its long-term vision of preventative, personalized medicine for all.

To advance health and well-being by making genetic insights integral to every major health decision for millions.

Strengths

  • PORTFOLIO: Diverse product mix shields from single-product risk (16% vol growth)
  • BRAND: 30+ years of trust with oncologists and OB/GYNs is a key moat
  • DATA: Massive proprietary genetic database is a major competitive asset
  • SCALE: Established lab infrastructure allows for efficient test processing
  • PAYER: Broad in-network coverage with major US health insurance payers

Weaknesses

  • PROFITABILITY: History of net losses, turnaround still in progress (Q1 loss $4.8M)
  • PRICING: Intense competitive pressure continues to erode average selling prices
  • TECH: Legacy systems may slow down integration of new tech and AI models
  • DEBT: While manageable, debt service impacts cash available for R&D
  • PERCEPTION: Past controversies over BRCA patents linger in public memory

Opportunities

  • MENTAL HEALTH: GeneSight market is large and underpenetrated, driving growth
  • INTERNATIONAL: Significant revenue potential outside the US is untapped
  • PHARMA: Companion diagnostics partnerships offer high-margin revenue streams
  • INTEGRATION: Deep EMR integration can create sticky provider relationships
  • LIQUID BIOPSY: Entering the minimal residual disease (MRD) market is key

Threats

  • COMPETITION: Aggressive pricing from Natera, Invitae, and others is a major threat
  • REGULATION: Potential FDA regulation of LDTs could increase compliance costs
  • REIMBURSEMENT: Payer uncertainty and policy changes are a constant risk
  • TECHNOLOGY: Rapid technological shifts could make current tests obsolete
  • PRIVACY: Heightened consumer and regulatory focus on genetic data privacy

Key Priorities

  • PROFITABILITY: Drive to sustainable profitability through cost discipline & growth
  • DIFFERENTIATION: Leverage data and brand to defend against price commoditization
  • EXPANSION: Aggressively pursue growth in mental health and international markets
  • INNOVATION: Invest in next-gen tech like liquid biopsy and AI applications

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Myriad Genetics Market

  • Founded: 1991, by founders from University of Utah.
  • Market Share: Leading share in Hereditary Cancer, growing in others.
  • Customer Base: Physicians (OB/GYNs, oncologists), patients, pharma.
  • Category:
  • SIC Code: 8071 Medical Laboratories
  • NAICS Code: 621511 Medical Laboratories
  • Location: Salt Lake City, Utah
  • Zip Code: 84108
    Congressional District: UT-1 SALT LAKE CITY
  • Employees: 2800
Competitors
Natera logo
Natera View Analysis
Invitae logo
Invitae Request Analysis
Exact Sciences logo
Exact Sciences View Analysis
Fulgent Genetics logo
Fulgent Genetics View Analysis
Guardant Health logo
Guardant Health View Analysis
Products & Services
No products or services data available
Distribution Channels

Myriad Genetics Product Market Fit Analysis

Updated: October 6, 2025

Myriad Genetics empowers doctors and patients with precise genetic insights to preemptively manage disease and select the most effective treatments. This personalized approach improves patient outcomes, eliminates wasteful spending on ineffective care, and establishes a new, proactive standard in medicine, from oncology to mental health, backed by three decades of scientific leadership and data.

1

Actionable insights that improve patient outcomes

2

Personalized care paths reducing healthcare costs

3

Trusted scientific rigor and clinical support



Before State

  • Reactive, one-size-fits-all treatments
  • Uncertainty about hereditary disease risk
  • Trial-and-error mental health medication

After State

  • Personalized, targeted therapies chosen
  • Proactive health plans based on genetics
  • Informed mental health treatment paths

Negative Impacts

  • Ineffective treatments and side effects
  • Delayed diagnosis of critical diseases
  • Anxiety and wasted healthcare spending

Positive Outcomes

  • Better patient outcomes and lower costs
  • Early disease detection and prevention
  • Faster relief for mental health patients

Key Metrics

Test Volume Growth
16% YoY in Q1 2024
Customer Retention Rates
High with clinicians
Net Promoter Score (NPS)
Estimated 50-60
User Growth Rate
Driven by new product adoption
Customer Feedback/Reviews
4.1 stars on G2
Repeat Purchase Rates
High in clinical settings

Requirements

  • Accurate, reliable genetic testing
  • Actionable, easy-to-understand reports
  • Seamless integration into clinical care

Why Myriad Genetics

  • Provide high-quality genetic insights
  • Educate providers on test applications
  • Ensure broad insurance reimbursement

Myriad Genetics Competitive Advantage

  • Unmatched variant classification database
  • Decades of trust with medical community
  • Broadest portfolio of specialized tests

Proof Points

  • Over 7 million patients tested to date
  • Numerous peer-reviewed publications
  • FDA-approved companion diagnostic tests
Myriad Genetics logo

Myriad Genetics Market Positioning

Strategic pillars derived from our vision-focused SWOT analysis

1

PRECISION ONCOLOGY

Dominate testing for therapy selection.

2

WOMEN'S HEALTH

Lead in prenatal and hereditary cancer screens.

3

MENTAL HEALTH

Establish GeneSight as the standard of care.

4

DATA & AI

Monetize our unique dataset via AI-driven tools.

What You Do

  • Provides genetic tests and precision medicine.

Target Market

  • Patients and healthcare providers.

Differentiation

  • Proprietary datasets and variant classification
  • Established brand and physician trust

Revenue Streams

  • Test sales reimbursed by payers
  • Direct patient payments
Myriad Genetics logo

Myriad Genetics Operations and Technology

Company Operations
  • Organizational Structure: Business units: Oncology, Women's Health, MH.
  • Supply Chain: Lab operations, sample collection kits, reagents.
  • Tech Patents: Portfolio of patents on genes and testing methods.
  • Website: https://myriad.com/
Myriad Genetics logo

Myriad Genetics Competitive Forces

Threat of New Entry

Medium: High initial capital for labs and regulatory hurdles (CLIA/CAP) are barriers, but tech advancements are lowering them.

Supplier Power

Low-Medium: Key suppliers for sequencing equipment (e.g., Illumina) have some power, but lab consumables are more commoditized.

Buyer Power

High: Large insurance payers (buyers) exert significant pressure on reimbursement rates and coverage decisions, dictating prices.

Threat of Substitution

Medium: Whole genome sequencing offers a potential future substitute, but targeted panels currently offer more actionable, cost-effective data.

Competitive Rivalry

High: Intense price competition from Natera, Invitae, and Exact Sciences. Differentiation is key to maintaining margins.

AI Disclosure

This report was created using the Alignment Method—our proprietary process for guiding AI to reveal how it interprets your business and industry. These insights are for informational purposes only and do not constitute financial, legal, tax, or investment advice.

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