Global Consumer Genomics Market Size Rise at +20.2% CAGR, Value to Cross (USD 5,230 Million By 2026), Says Facts & Factors

New Jersey, United Kingdom, Nov. 21, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Consumer Genomics Market By Application (Diagnostics, Genetic Relatedness, Nutrition, Wellness, & Lifestyle, Reproductive Health, Ancestry, Sports Nutrition & Health, Pharmacogenetic Testing, Personalized Medicine, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026” in its research database

“According to the latest research study, the demand of global Consumer Genomics Market size & share expected to reach to USD 5,230 Million by 2026 from USD 1,440 Million in 2019, at a compound annual growth rate (CAGR) of 20.2% during the forecast period 2020 to 2026”

What is Consumer Genomics? Report Overview & Coverage:

Consumer genomics is a stream of genomics that includes the sampling, analysis, and description of a person's genome. The consumer genomics sector is evolving steadily and rapidly into a normal view. Market genomics has a large role to play in pushing forward new concepts and their implementations to the majority. The decreasing cost of sequencing has reduced the cost of consumer genomic products and has improved market accessibility along these lines. It is attributable to the reduction in fixed costs and the utilization of internal capital by companies such as Illumina and Veritas, for example, for the delivery of whole-genome sequences at low cost for the presentation of functional hereditary tests.

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Our Free Sample Report Includes:

• 2020 Updated Report Introduction, Overview, and In-depth industry analysis
• COVID-19 Pandemic Outbreak Impact Analysis Included
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• Provide Chapter-wise guidance on Request
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• Includes Updated List of tables & figures
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
• Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

Industry Major Market Players

• Xcode Life
•  Toolbox Genomics
•  Positive Biosciences Ltd.
•  Pathway Genomics
•  MyHeritage Ltd.
•  Mapmygenome
•  Helix OpCo LLC
•  Gene By Gene Ltd.
•  Futura Genetics
•  Diagnomics Inc.
•  Color Genomics
•  Ancestry
•  23and Me Inc.

Key questions answered in this report:

• What is the projected market size & growth rate of the Consumer Genomics Market?
• What are the key driving factors for the growth of the Consumer Genomics Market?
• What are the top companies operative in Consumer Genomics Market?
• What segments are covered in Consumer Genomics Market?
• How can I get free sample reports/company profiles of the Consumer Genomics Market?

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Market Growth Drivers

Factors such as lowering the cost of sequencing, increasing accessibility of genomic products to consumers, reduction in prices of personal genomic products, decrease in fixed costs, in-house resource deployment by corporations, lowering the cost of individual genomic products, attempts by major organizations to reduce the cost of whole genomic sequencing will be the main driving force behind the growth of global consumer genomics market. Expanding the use of customer genomics and large-scale policy approaches in urban growth would serve as an open door for industry participants in the consumer genomics industry. In either case, the lack of knowledge, the lack of skilled workers, and the lack of awareness in low-wage countries would restrict the growth of the global consumer genomics market.

The consumer genomics market is estimated to develop with healthy CAGR in upcoming years. Factors such as lowering the cost of sequencing, increasing accessibility of genomic products to consumers, reduction in prices of personal genomic products, decrease in fixed costs, in-house resource deployment by corporations, lowering the cost of individual genomic products, attempts by major organizations to reduce the cost of whole genomic sequencing will be the main driving force behind the growth of global consumer genomics market. Expanding the use of customer genomics and large-scale policy approaches in urban growth would serve as an open door for industry participants in the consumer genomics industry. In either case, the lack of knowledge, the lack of skilled workers, and the lack of awareness in low-wage countries would restrict the growth of the global consumer genomics market.

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Global Consumer Genomics Market: Report Scope

Market Segmentation

The global consumer genomics market has been segmented on the basis of application and region. On the basis of application, the consumer genomics market has been segmented into wellness, & lifestyle, diagnostics, personalized medicine, nutrition, ancestry, pharmacogenetic testing,  reproductive health, genetic relatedness, sports nutrition & health, and others. The genetic relatedness section holds for major market share in 2019.

Also Read, Press Release on Global Consumer Genomics Market Size & Share 2021-2026

Regional Dominance:

Geographically market is categorized as Latin America, North America, APAC, Europe, and the MEA regions. North America is estimated to dominate the global market in the near future owing to the increasing adoption of technically advanced products in the countries of this region. This growth is attributed due to rising awareness among individuals regarding the use of advanced healthcare gadgets in the region.

Browse the full “Consumer Genomics Market By Application (Diagnostics, Genetic Relatedness, Nutrition, Wellness, & Lifestyle, Reproductive Health, Ancestry, Sports Nutrition & Health, Pharmacogenetic Testing, Personalized Medicine, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026" https://www.fnfresearch.com/consumer-genomics-market-by-application-diagnostics-genetic-relatedness-940

This report segments the consumer genomics market as follows:

Global Consumer Genomics Market: By Application Segmentation Analysis

• Diagnostics
• Genetic Relatedness
• Nutrition, Wellness, & Lifestyle
• Reproductive Health
• Ancestry
• Sports Nutrition & Health
• Pharmacogenetic Testing
• Personalized Medicine
• Others

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