Direct-to-Consumer (DTC) Genetic Testing Market Overview
Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated "Direct-to-Consumer (DTC) Genetic Testing Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Direct-to-Consumer (DTC) Genetic Testing market and its component manufacturers over the next decade.
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Direct-to-Consumer (DTC) Genetic Testing Market Values
The Direct-to-Consumer (DTC) Genetic Testing market has experienced significant growth in recent years, reflecting increasing consumer interest in personalized health insights and ancestry information. While specific current market values may vary, industry reports indicate that the market is valued at several billion dollars annually and continues to expand globally.
Direct-to-Consumer (DTC) Genetic Testing Market Scope
The scope of the Direct-to-Consumer (DTC) Genetic Testing market encompasses a range of genetic testing services and products that are directly accessible to consumers without the involvement of healthcare professionals. These tests provide individuals with insights into various aspects of their genetic makeup, including ancestry, health predispositions, carrier status for genetic diseases, and responses to certain medications.
Direct-to-Consumer (DTC) Genetic Testing Market Dynamics
The Direct-to-Consumer (DTC) Genetic Testing market dynamics are shaped by a convergence of technological advancements, shifting consumer preferences toward personalized healthcare, and regulatory considerations governing genetic information privacy and accuracy.
Direct-to-Consumer (DTC) Genetic Testing Market Segmentation
by Test Type
Carrier Testing
Predictive Testing
Ancestry & Relationship Testing
Others
by Distribution channel
Online-platform
Over-the-counter
On the basis of an application, the market is sub-segmented into Targeted analysis, Single Nucleotide Polymorphism Chip (SNP), Whole Genome Sequence (WGS). Single Nucleotide Polymorphism Chip (SNP) segment held the largest shares xx% in 2023, owing to the flexibility and fast data provide management convenience. Increasing investments in research activities and rising demand for next-generation and advanced genetic disorder diagnosis and detection tools are attributed to the growth of the market. The rising adoption of SNP chips in applications such as gene expression profiling, to identify novel drugs, to discover the dissimilarities in gene expression levels in cells, and detect the mutations in specific genes is expected to improve the growth of the market during the forecast period.
by Application
Targeted analysis
Single Nucleotide Polymorphism Chip(SNP)
Whole Genome Sequence(WGS)
Direct-to-Consumer (DTC) Genetic Testing Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America
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Direct-to-Consumer (DTC) Genetic Testing Market Key Players
1. Ancestry.com, LLC
2. 23andMe
3. Any Lab Test Now
4. Color Genomics, Inc.
5. Direct Laboratory Services, LLC
6. Easy DNA
7. Full Genomes Corporation, Inc.
8. Gene by Gene, Ltd.
9. Genesis Healthcare
10. Helix OpCo LLC
11. IDENTIGENE, LLC
12. Laboratory Corporation of America® Holdings
13. Living DNA
14. Mapmygenome India Limited
15. MyHeritage
16. Pathway Genomics
17. Positive Bioscience, Inc.
18. Quest Diagnostics, Inc.
19. Request A Test, Ltd.
20. Sonora Quest Laboratories LLC
21. Xcode Life Sciences
Table of content for the Direct-to-Consumer (DTC) Genetic Testing Market includes:
Part 01: Executive Summary
Part 02: Scope of the Direct-to-Consumer (DTC) Genetic Testing Market Report
Part 03: Direct-to-Consumer (DTC) Genetic Testing Market Landscape
Part 04: Direct-to-Consumer (DTC) Genetic Testing Market Sizing
Part 05: Direct-to-Consumer (DTC) Genetic Testing Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Direct-to-Consumer (DTC) Genetic Testing Market Regional Insights:
North America has the biggest market in the world, owing to the increasing number of patients and a favourable reimbursement scenario. Regional growth is attribute to changing standpoint of consumers towards generic testing and growing use. The abundant measure of income allows the consumer to spend more on direct-to-consumer genetic testing. According to WHO, 48 million people in North America are suffering from Genetic disorder in 2022 and the number is expected to reach 54 million by 2030.
Key Questions answered in the Direct-to-Consumer (DTC) Genetic Testing Market Report are:
• What is Direct-to-Consumer (DTC) Genetic Testing Market?
• What is the forecast period of the Direct-to-Consumer (DTC) Genetic Testing Market?
• What is the competitive scenario of the Direct-to-Consumer (DTC) Genetic Testing market?
• Which region held the largest market share in the Direct-to-Consumer (DTC) Genetic Testing Market?
• What are the opportunities for the Direct-to-Consumer (DTC) Genetic Testing Market?
• What are the restraining factors in the Direct-to-Consumer (DTC) Genetic Testing market?
• Who are the key players of the Direct-to-Consumer (DTC) Genetic Testing market?
Key offerings:
• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Direct-to-Consumer (DTC) Genetic Testing
• Landscape- Leading key players and other prominent key players.
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