Direct-to-Consumer (DTC) Genetic Testing Market
Direct-to-Consumer (DTC) Genetic Testing Market size was valued at US$ 1.58 Bn in 2021 and the total revenue is expected to grow at 13.1% through 2021 to 2029, reaching nearly US$ 4.24 Bn.
Direct-to-Consumer (DTC) Genetic Testing Market Overview:
Raising public awareness is the key reason fueling the direct-to-consumer (DTC) genetic testing market's expansion. Direct-to-consumer genetic testing is becoming ever more widely known among the general population in both developed and developing nations. Well-known market participants like 23andMe and Ancestry have concentrated on creating premium direct-to-consumer genetic testing services. These tests guarantee that genetic test results are accurate and useful.
The market research study Direct-to-Consumer (DTC) Genetic Testing Market investigates and assesses the market's position during the forecast period. It is comprehensive research that focuses on primary and secondary drivers, market share, leading segments, and regional analysis. The study also examines prominent persons, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategy.
Market Scope:
We looked at the Direct-to-Consumer (DTC) Genetic Testing Market from every perspective possible, using both primary and secondary research methodologies. This increased our understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and customer habits, among other things. The data is then compiled and assessed using a range of market estimation and data validation methodologies. Furthermore, we have an in-house data forecasting system that forecasts market growth until 2027.
Following the completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to obtain information and verify and validate key numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
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Segmentation:
Carrier testing, predictive testing, ancestry relationship testing, and others make up the direct-to-consumer (DTC) genetic testing market. Due to the rising demand for ancestry testing, the Ancestry Relationship Testing category had the biggest share of xx% in 2021. It is simple to use, delivers a precise count of heartbeats, and offers individualised data on your health, illness risk, and other characteristics. Hereditary testing offered directly to consumers raises public awareness of genetic illnesses. The use of connection and ancestry testing is now permitted in many developed nations, including Asia and Europe.
Key Players:
• Ancestry.com, LLC
• 23andMe
• Any Lab Test Now
• Color Genomics, Inc.
• Direct Laboratory Services, LLC
• Easy DNA
• Full Genomes Corporation, Inc.
• Gene by Gene, Ltd.
• Genesis Healthcare
• Helix OpCo LLC
• IDENTIGENE, LLC
• Laboratory Corporation of America® Holdings
• Living DNA
• Mapmygenome India Limited
• MyHeritage
• Pathway Genomics
• Positive Bioscience, Inc.
• Quest Diagnostics, Inc.
• Request A Test, Ltd.
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Regional Analysis:
The research includes both qualitative and quantitative data and provides an in-depth look into the Direct-to-Consumer (DTC) Genetic Testing industrial sector by region. It provides an overview and prediction of the Direct-to-Consumer (DTC) Genetic Testing market segment by segment. It also projects and estimates the market size for five key regions from 2021 to 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. The Direct-to-Consumer (DTC) Genetic Testing market in each area is further segmented into regions and sectors. The research studies and anticipates a wide range of nations, as well as current trends and opportunities in the sector.
COVID-19 Impact Analysis on Direct-to-Consumer (DTC) Genetic Testing Market:
We investigated and analyzed the Direct-to-Consumer (DTC) Genetic Testing Business Expansion Strategy post-COVID-19, by organizational strategic analysis, landscape, category, utilization, and leading countries, which encapsulates and analyses the Direct-to-Consumer (DTC) Genetic Testing industry's potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The primary goal of the study is to provide industrial enterprises with a strategic analysis of COVID-19's impact. Simultaneously, this research examined key nations' marketplaces and emphasized their market potential in post-pandemic situations.
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Key Questions Answered in the Direct-to-Consumer (DTC) Genetic Testing Market Report are:
What are the most promising high-growth opportunities in the Direct-to-Consumer (DTC) Genetic Testing sector, as defined by product category, End User, and Region? Which Direct-to-Consumer (DTC) Genetic Testing market segments will expand the fastest, and why? Which regions will have the fastest growth, and why? What are the primary elements influencing Direct-to-Consumer (DTC) Genetic Testing market dynamics? What are the primary drivers and obstacles in the Direct-to-Consumer (DTC) Genetic Testing market? What are the Direct-to-Consumer (DTC) Genetic Testing market's weaknesses and threats?
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