12-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Direct to Consumer Genetic Testing Market By Test Type (Carrier Testing, Predictive testing, Ancestry & relationship testing, and Nutrigenomics testing), and By Technology (Targeted analysis, Single nucleotide, Polymorphism chips, and Whole genome sequencing): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Direct to Consumer Genetic Testing market in 2019 was approximately USD 714 million. The market is expected to grow at a CAGR of 19% and is anticipated to reach around USD 2400 million by 2026.
DTC testing is a means of marketing genetic testing to consumers without the direct involvement of a health professional. Increased prevalence in the DTC genetic testing industry is expected to drive the global development of genetic and rare diseases combined with major early detection and cancer prevention technologies and other genetic diseases in the coming years. Improved early diagnosis awareness among patients will lead to prompt therapy and reduced mortality rates. More important factors are technological innovations that improve efficiency, high sensitivity and precision in the process of direct genetic testing.
Browse the full “Direct to Consumer Genetic Testing Market By Test Type (Carrier Testing, Predictive testing, Ancestry & relationship testing, and Nutrigenomics testing), and By Technology (Targeted analysis, Single nucleotide, Polymorphism chips, and Whole genome sequencing): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/direct-to-consumer-genetic-testing-market-by-test-718
The growing demand for customized and improved medicinal products in the developing world will be a key factor in DTC genetic testing. The DTC tests allow customers to obtain useful ideas for genetic information with little or no intervention from healthcare professionals.
The new regulatory approval for several tests had played a major role in rapid market growth. Furthermore, the decline in the price of the genome sequencing process had made the genetic test comparatively inexpensive, leading to an increase in the number of tests ordered. However, the organizations offering these services are increasingly concerned with data protection and scientific validity, this might hamper the market growth of Direct to Consumer Genetic Testing over the forecast period.
Based on test type, nutrigenomics testing held the significant share of global direct to consumer genetic testing market in 2019; the segment was accounted for approximately USD 190million and is expected to witness robust growth throughout the forecast period. Increasing demand for customized meals and the desire to remain healthy among the population are some of the key factors fueling market growth.
By region, North America dominated the global direct to consumer genetic testing market in 2019 and is projected to continue bolstering throughout the forecast period with a CAGR of 15%. The growth of this region is attributed to the increased occurrence of genetic disease and to increase understanding of DTC-related among individuals.
Some of the essential players operating in the Direct to Consumer Genetic Testing market, but not restricted to include ancestry, EasyDNA, 23andMe, Color, Family Tree DNA, Pathway Genomics, Full Genomes, Genesis HealthCare, Helix, Karmagenes, MapMyGenome, Identigene, Living DNA, and others.
This report segments the Direct to Consumer Genetic Testing market as follows:
Global Direct to Consumer Genetic Testing Market: By Test Type Segmentation Analysis
- Carrier testing
- Predictive testing
- Ancestry & relationship testing
- Nutrigenomics testing
Global Direct to Consumer Genetic Testing Market: By Technology Segmentation Analysis
- Targeted analysis
- Single nucleotide
- Polymorphism chips
- Whole genome sequencing
Global Direct to Consumer Genetic Testing Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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