Direct-to-consumer Genetic DNA Tests Market

Key Insights

The Global Direct-to-consumer Genetic DNA Tests Market is valued at USD 2.1 Billion in 2023 and is projected to reach a value of USD 5.3 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 12.1% between 2024 and 2032.

Overview and Description

Genetic testing menas medical tests that show and analysis changes in the genes, proteins or chromosomes, to rule out the suspected genetic condition or as well as help determining an individual’s probablity of developing one. The Direct-to-consumer genetic testing is provess of serving genetic tests to the consumers with zero or partial involvement of independent healthcare provider. Direct-to-consumer genetic testing kits are sold directly to consumers on the internet as well as on printed advertisements. tests are bought online or in-store as well.

This report provides an analysis of the Direct-to-consumer Genetic DNA Tests Market for the historic period of 2019–2022 and forecasts for 2023–2032 while 2022 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2019–2032. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers a thorough insights on various tools such as SWOT analysis, PEST analysis, value chain analysis, Porter’s five forces analysis, pricing analysis, and technology roadmap among others. These assessments aid the industry stakeholders to analyze the Direct-to-consumer Genetic DNA Tests Market on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behavior such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.

COVID-19 Impact Analysis

The COVID-19 outbreak has affected various industries worldwide. The Direct-to-consumer Genetic DNA Tests Market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

• Impact Assessment of COVID-19 Pandemic
• Pre & Post COVID-19 Market Size
• Qualitative analysis on the short term & long-term impact of COVID-19 on the market
• The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The report covers exhaustive analysis on the global Direct-to-consumer Genetic DNA Tests industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.

• The easy availability of direct-to-consumer genetic tests in developed as well as developing nations is anticipated to augment the growth of the market over the forecast period.
• The self-curiosity of people to get access to information of their health is another major factor driving the growth of the market.
• The major restrain is to sustain market competition as big players presence is making it more competative.

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Test Type, Technology, Distribution Channel and region. The report will cover market estimations and forecast for each segment by region for the years 2019–2032. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Test Type, the market is divided into Carrier testing, Predictive testing, Ancestry & Relationship Testing, Nutrigenomic Testing, Others. Ancestry & relationship testing held the largest share in 2022 and is projected to witness substantial growth during the forecast period.

Based on Technology, the market is divided into Targeted analysis, Single nucleotide polymorphism (SNP) chips, Whole genome sequencing (WGS). Targeted analysis attributed to the highest market share and is expected to grow at a significant CAGR from 2023 to 2032.

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• Competitor Benchmarking
• Market Trends Heatmap
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• Market Sentiment Analysis
• Demographic and Geographic Insights

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Regional Analysis: Preview

Based on the geography, the Global Direct-to-consumer Genetic DNA Tests Market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional analysis covers market estimations and forecast for each segment for each region for the years 2019–2032. The regional analysis section also provides qualitative analysis comprising of regional trends such as drivers, restraints, opportunities and regulatory norms. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.

Competitive Landscape

The Global Direct-to-consumer Genetic DNA Tests Market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Direct-to-consumer Genetic DNA Tests Market are Color Genomics, Laboratory Corporation of America, Gene by Gene, WeGene, Helix, Pathway Genomics, MapMyGenome, African Ancestry, Quest Diagnostics, Thermo Fisher, Myriad Genetics, 23andMe.. This section of the report comprising of a thorough profiling of companies based on various parameters such as company/business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. Moreover, the report also includes extensive information on key strategies such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.

The Global Direct-to-consumer Genetic DNA Tests Market can be categorized as Type, Application, End-Use Industry, and Region.