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 :
The “Direct-to-Consumer (DTC) Genetic Testing Market Analysis” is an in-depth look at the Direct-to-Consumer (DTC) Genetic Testing Market with a focus on global market trends and analysis. This study seeks to provide an overview of the Direct-to-Consumer (DTC) Genetic Testing Market industry as well as detailed market segmentation by segment and geography. The Direct-to-Consumer (DTC) Genetic Testing Market is expected to expand rapidly over the forecast period. The research contains critical information on the market positions of the top Direct-to-Consumer (DTC) Genetic Testing Market firms, as well as significant industry trends and opportunities.
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Market Scope :
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Direct-to-Consumer (DTC) Genetic Testing Market Segmentation :
The direct-to-consumer (DTC) genetic testing market is further divided into four categories based on the sort of test: carrier testing, predictive testing, ancestry & relationship testing, and others. Due to the rising demand for ancestry tests, the Ancestry & Relationship Testing segment had the biggest proportion of xx% in 2021. It is simple to use, provides an exact count of heartbeats, and offers personalised data about your health, disease risk, and other characteristics. Genetic testing offered directly to consumers raises public knowledge of genetic diseases. The use of relationship and ancestry tests is now permitted in many industrialised nations, including Asia and Europe.
by Test Type
•Carrier Testing
• Predictive Testing
• Ancestry & Relationship Testing
• Others
by Distribution channel
• Online-platform
• Over-the-counter
by Application
• Targeted analysis
• Single Nucleotide Polymorphism Chip(SNP)
• Whole Genome Sequence(WGS)
Direct-to-Consumer (DTC) Genetic Testing Market Key Players :
Primary and secondary research is used to discover industry titans, while primary and secondary research is utilized to assess market revenue. The core research included in-depth interviews with a variety of thought leaders and industry experts, including experienced front-line personnel, CEOs, and marketing specialists. Secondary research comprised an examination of well-known manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then cross-checked against primary data. The following are a few companies working in the Direct-to-Consumer (DTC) Genetic Testing Market industry.
- • 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.
Regional Analysis:
The Direct-to-Consumer (DTC) Genetic Testing Market research focuses into geographic analysis, which is further separated by sub-regions and nations. Profit projections and market share statistics for each country are included in this section of the research. This component of the study examines each region’s and country’s share and growth rate throughout the forecasted time period.
The report provides a thorough PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after considering political, economic, social, and technical issues effecting the Direct-to-Consumer (DTC) Genetic Testing Market in various sectors.
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COVID-19 Impact Analysis on Direct-to-Consumer (DTC) Genetic Testing Market :
Customer behaviour has changed as a result of the COVID-19 virus across all areas of society. Businesses, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19’s influence on the Direct-to-Consumer (DTC) Genetic Testing Market and will assist you in developing your business in accordance with the new industry norms.
Under the COVID-19 Impact section, the Direct-to-Consumer (DTC) Genetic Testing Market Report delivers a 360-degree research ranging from the agile supply chain and trade restrictions to regional government policies and the firm’s future impact. Primary market research (2021-2027), instances of venture rivalry, the benefits and drawbacks of large corporate channels, and industry growth trends (2021-2027) have all been provided.
Key Questions Answered in the Direct-to-Consumer (DTC) Genetic Testing Market Report are:
- Which application category is expected to develop the fastest?
- What opportunities for growth could exist in the Direct-to-Consumer (DTC) Genetic Testing Market industry in the next years?
- What are the most significant future challenges that the Direct-to-Consumer (DTC) Genetic Testing Market may face?
- Who are the market leaders in the Direct-to-Consumer (DTC) Genetic Testing Market category?
- What are the main trends that are influencing market growth?
- Which regional market will emerge as the market leader in the next years?
- How big is the market for Direct-to-Consumer (DTC) Genetic Testing Market ?
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