Dublin, Sept. 04, 2023 (GLOBE NEWSWIRE) -- The "Direct-to-Consumer (DTC) Genetic Testing: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Direct-to-Consumer (DTC) Genetic Testing Market to Reach $3.2 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Direct-to-Consumer (DTC) Genetic Testing estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$3.2 Billion by 2030, growing at a CAGR of 13.9% over the analysis period 2022-2030.
Ancestry & Relationship Testing, one of the segments analyzed in the report, is projected to record a 11.1% CAGR and reach US$1.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Nutrigenomics Testing segment is readjusted to a revised 15.3% CAGR for the next 8-year period.
The Direct-to-Consumer (DTC) Genetic Testing market in the U.S. is estimated at US$478.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$269.8 Million by the year 2030 trailing a CAGR of 16.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.8% and 14.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR. The global genetic testing landscape encompasses various segments, including Ancestry & Relationship Testing, Nutrigenomics Testing, Predictive Testing, Carrier Testing, and more.
Analysis of annual revenues and percentage CAGR across multiple geographic regions, including USA, Canada, Japan, China, Europe, Asia-Pacific, and the Rest of the World, is presented. A 15-year perspective reveals the percentage breakdown of value revenues for specific years, reflecting market trends and dynamics. This comprehensive assessment offers insights into the evolving genetic testing market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 324 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.1 Billion |
| Forecasted Market Value (USD) by 2030 | $3.2 Billion |
| Compound Annual Growth Rate | 14.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- A Prelude to Genetic Testing
- Top Ten Genetic Diseases Worldwide
- Different Types of Genetic Tests include
- List of Genetic Disorders by Event, Genetic Manifestation and Prevalence
- Direct-to-Consumer (DTC) Genetic Testing - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- A Prelude to Direct-to-Consumer (DTC) Genetic Testing
- Pros and Cons of Direct-to-Consumer (DTC) Genetic Testing
- Health Information provided by DTC genetic Tests
- DTC Genetic Tests' Limitations
- Market Segments
- Ancestry Tests
- Predictive Tests
- Carrier Tests
- Nutrigenomics Tests
- Impact of Covid-19 on Market Prospects of DTC Genetic Testing Companies
- Market Prospects and Outlook
- US and Europe Dominate the Global DTC Genetic Tests Market
- Ancestry Testing Holds Major Share, Predictive Testing Witnesses Rapid Growth
- Competitive Scenario
- Recent Market Activity
- Changing Landscape of DTC Genetic Testing
- Regulations to Determine Market Viability
- US FDA Regulations for DTC Genetic Testing
- Data Privacy Concerns to Challenge Market Prospects
MARKET TRENDS & DRIVERS
- Consumers Self-Managing Treatments: The New Trend Driving the DTC Genetic Testing Market
- DTC Genetic Testing Players Join War against COVID-19
- DTC Genetic Tests for Cancer Susceptibility
- Worldwide Breast Cancer Incidence and Mortality Rates by Region: 2018
- Advances in Genome Sequencing
- Next-Generation Sequencing (NGS) Aids DTC Genetic Testing Market
- DTC Genetic Testing Presents Lucrative Personalization Opportunities
- Growing Focus on Service Personalization Generates Opportunities for DTC Genetic Tests
- Immense Popularity of Ancestry Testing
- Emergence of DNA-based Nutrition Plans Put the Spotlight on DTC Nutrigenetics Testing
- Biomarker Discovery Leads to Advanced Genetic Testing
- Select List of Available Tumor Markers
- Hybrid Approach of Genetic Testing to Bridge Gap Between Traditional and DTC Models
- Oncology - A Key Focus Area for Genetic Testing
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- Ageing Demographics to Drive Demand for Genetic Testing
- Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
- Increased Demand for Online Sales of DTC Genetic Tests
- Use of Artificial Intelligence Adds Value to DTC Genetic Testing Market
FOCUS ON SELECT PLAYERS (Total 81 Featured)
- 23andMe, Inc.
- Ancestry.com, LLC
- Any Lab Test Now
- Color Health, Inc.
- Direct Laboratory Services, LLC
- DNA Diagnostics Center
- Easy DNA
- Full Genomes Corporation, Inc.
- Gene by Gene, Ltd.
- Genesis Healthcare
- Helix OpCo LLC
- Laboratory Corporation of America Holdings
- Living DNA
- Mapmygenome India Limited
- MyHeritage
- OmeCare
- Positive Bioscience, Inc.
- Quest Diagnostics, Inc.
- Request A Test, Ltd.
- Sonora Quest Laboratories LLC
- Xcode Life Sciences
For more information about this report visit https://www.researchandmarkets.com/r/4a29xb
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