Direct-to-Consumer (DTC) Genetic Testing Market Overview
The Direct-to-Consumer (DTC) Genetic Testing market is in a constant state of evolution, driven by technological advancements and changing consumer preferences. As businesses navigate this dynamic landscape, our market overview acts as an invaluable resource, empowering decision-makers to make informed choices and capitalize on emerging opportunities.
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Market Value:
Direct-to-Consumer (DTC) Genetic Testing Market size was valued at US$ 1.79 Bn in 2022 and the total revenue is expected to grow at 13.1% through 2023 to 2029, reaching nearly US$ 4.24 Bn.
Direct-to-Consumer (DTC) Genetic Testing Market Report Scope and Research Methodology
The report explore the drivers, challenges, and investment opportunities for stakeholders, offering valuable insights to drive higher growth in the Direct-to-Consumer (DTC) Genetic Testing market. By analysing major companies’ competitiveness, products, and regional markets, we utilize primary and secondary research to present a holistic view.
Direct-to-Consumer (DTC) Genetic Testing Market Regional Insights
The report offers a comprehensive analysis, encompassing all factors such as market size, growth rate, and import-export activities across diverse regions. Through regional analysis, we provide a detailed examination of the current status of the Direct-to-Consumer (DTC) Genetic Testing market in various countries.
Direct-to-Consumer (DTC) Genetic Testing Market Segmentation
The direct-to-consumer (DTC) genetic testing industry is further divided into four categories based on the type of test: carrier testing, predictive testing, ancestry & relationship testing, and others. Due to the rising demand for ancestry testing, the Ancestry & Relationship Testing segment had the biggest share in 2022. It is simple to use, delivers a precise count of heartbeats, and offers personalised data on your health, illness risk, and other characteristics. hereditary testing offered directly to consumers raises public awareness of hereditary illnesses. The use of connection and ancestry testing is now permitted in many developed nations, including Asia and Europe.
The market is further divided into targeted analysis, single nucleotide polymorphism chip (SNP), and whole genome sequence (WGS) based on the application. Due to its versatility and ease of fast data administration, the Single Nucleotide Polymorphism Chip (SNP) category held the majority of market shares in 2022. The expansion of the market is attributable to rising research expenditures as well as escalating need for better and next-generation diagnostic and detection technologies for genetic disorders. During the projected period, the market’s growth is anticipated to be enhanced by the growing acceptance of SNP chips in applications such as gene expression profiling, innovative drug identification, identifying differences in gene expression levels in cells, and detecting mutations in specific genes.
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
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Table of Content: Direct-to-Consumer (DTC) Genetic Testing Market
Part 01: Executive Summary
Part 02: Scope of the Direct-to-Consumer (DTC) Genetic Testing Market Report
Part 03: Global Direct-to-Consumer (DTC) Genetic Testing Market Landscape
Part 04: Global Direct-to-Consumer (DTC) Genetic Testing Market Sizing
Part 05: Global 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
Key questions answered in the Direct-to-Consumer (DTC) Genetic Testing Market are:
- What is Direct-to-Consumer (DTC) Genetic Testing ?
- What was the Direct-to-Consumer (DTC) Genetic Testing market size in 2022?
- What is the growth rate of the Direct-to-Consumer (DTC) Genetic Testing Market?
- Which are the factors expected to drive the Direct-to-Consumer (DTC) Genetic Testing market growth?
- What are the different segments of the Direct-to-Consumer (DTC) Genetic Testing Market?
- What growth strategies are the players considering to increase their presence in Direct-to-Consumer (DTC) Genetic Testing ?
- What are the upcoming industry applications and trends for the Direct-to-Consumer (DTC) Genetic Testing Market?
- What major challenges could the Direct-to-Consumer (DTC) Genetic Testing Market face in the future?
- What segments are covered in the Direct-to-Consumer (DTC) Genetic Testing Market?
- Who are the leading companies and what are their portfolios in Direct-to-Consumer (DTC) Genetic Testing Market?
- What segments are covered in the Direct-to-Consumer (DTC) Genetic Testing Market?
- Who are the key players in the Direct-to-Consumer (DTC) Genetic Testing market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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