Market research analysis is one of the finest options to resolve business challenges quickly by saving a lot of time. An international Direct-to-Consumer (DTC) Genetic Testing market document analyzes the market status, growth rate, future trends, market drivers, market restraints, key opportunities, challenges, market risks, entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Under competitive analysis section of Direct-to-Consumer (DTC) Genetic Testing report, major key players existing in the market are revealed along with different details such as company profiles, their market share analysis, and their diverse strategies which make them prosper in the market.
A credible Direct-to-Consumer (DTC) Genetic Testing market research report gives information about the brand awareness, market landscape, possible future issues, industry trends and customer behaviour for the Healthcare industry. A team of enthusiastic, dynamic and skilled researchers and analysts work with full dedication to provide our clients with the supreme market research report. The market drivers and restraints have also been explained using SWOT analysis. This comprehensive report makes available the recent and forthcoming technical and financial details of the industry. A thorough market report like Direct-to-Consumer (DTC) Genetic Testing report truly acts as a backbone for the success of any business.
Data Bridge Market Research analyses that the Direct-to-consumer (DTC) genetic testing market was valued at USD 1,550.51 million in 2022 and is further estimated to reach USD 3,880.35 million by 2030, and is expected to grow at a CAGR of 12.15% during the forecast period of 2023 to 2030. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Driver:
- Increasing Consumer Awareness
Growing public awareness of the benefits of genetic testing, including ancestry, disease risk assessment, and personalized healthcare insights, has increased the demand for DTC genetic testing. Consumers are becoming more proactive about their health and want convenient and accessible ways to obtain genetic information.
- Rising Technological Advancements
Advances in gene sequencing technology and bioinformatics have greatly reduced the cost and time required for genetic testing. Technological advancements have led to a significant reduction in the cost of genetic testing. The development of high-throughput sequencing technologies, such as next-generation sequencing (NGS), has enabled the analysis of multiple genes or even entire genomes at a fraction of the cost compared to traditional methods.
- Growing Personalized Healthcare and Wellness Trends
The rise in focus on personalized healthcare and wellness, the demand for DTC genetic testing is increasing. Consumers are increasingly interested in understanding their genetic makeup to make informed decisions about their lifestyle, disease prevention, and treatment options. DTC genetic testing provides individuals with valuable insight into their unique genetic profile, enabling a personalized health approach.
Some key players mentioned in the report are:
EasyDNA (U.S.), Ancestry (U.S.), 23andMe, Inc. (U.S.), Color Health, Inc.(U.S.), Genesis HealthCare (U.S.), Full Genomes Corporation, Inc.(U.S.), Helix OpCo LLC (U.S.), Living DNA Ltd (U.K.), Mapmygenome (India), GenomeWeb (U.S.), Gene by Gene, Ltd. (U.S.), MyHeritage Ltd. (Israel), 10x Genomics (U.S.), Dante Labs, Inc. (U.S.), 24Genetics (Spain), Laboratory Corporation of America Holdings (U.S.), Myriad Genetics, Inc. (U.S.), Quest Diagnostics Incorporated (U.S.) and Uniogen Oy (turkey)
Key Insights that Study is going to provide:
· The 360-degree Direct-to-Consumer (DTC) Genetic Testing overview based on a global and regional level
· Market Share & Sales Revenue by Key Players & Emerging Regional Players
· A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
· May vary depending upon availability and feasibility of data with respect to Industry targeted
· Patent Analysis** No of patents / Trademark filed in recent years.
· A complete and useful guide for new market aspirants
· Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
· Various Direct-to-Consumer (DTC) Genetic Testing industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Key Market Segmentation:
By Service (Diagnostic Screening, Prenatal, New-born Screening, Pre-Implantation Diagnosis and Relationship Testing), Test Type (Carrier Testing, Predictive Testing, Ancestry and Relationship Testing, Nutrigenomics Testing and Others), Technology (Targeted Analysis, Single Nucleotide Polymorphism (SNP) Chips and Whole Genome Sequencing (WGS)), Product Type (Ancestry, Health and Wellness and Entertainment), Business Model (Genome Data Bank Material Model, Individual Health Planning Model, Comprehensive Genome Tests Model, Medical Precision Tests Model and Restricted Trait Tests Model)
The countries covered in the Global Direct-to-Consumer (DTC) Genetic Testing Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Key leading countries
Vendor Landscape
Vendor Analysis
Appendix
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