Direct-to-Consumer Genetic Testing Market Analysis and Demand with Forecast Overview to 2025
Category: #health  By Partha Ray  Date: 2019-08-13
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Direct-to-Consumer Genetic Testing Market Analysis and Demand with Forecast Overview to 2025

MarketStudyReport.com Adds New Direct-to-Consumer (DTC) Genetic Testing Market 2019 – 2025 research report providing information and data By Test Type, By Technology, Industry Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast spreading across 120 Pages with table and figures in it.

North America DTC genetic testing market will experience around 14% growth throughout the analysis period owing to favorable regulatory scenario. Regulatory bodies such as FDA frame laws that ensures availability of superior quality DTC genetic tests. Moreover, growing inclination of people towards the personalized medicines in the U.S. as well as Canada further boosts the regional growth.

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Direct-to-Consumer (DTC) Genetic Testing Market will exceed USD 2.5 billion by 2025. Rising incidences of genetic disorder will positively impact DTC genetic testing market growth in forthcoming years. Significant increase in prevalence of genetic diseases such as sickle cell anemia, haemophilia, thalassemia, Tay Sachs disease, cystic fibrosis and Huntington's disease will surge demand for DTC genetic testing kits. According to WHO, about 72,000 people in the U.S. alone are affected from sickle cell anemia annually. Demand for direct to consumer testing kits has increased as it enables customers to access detailed information pertaining to genetic variation associated with these diseases.

Ancestry and relationship testing segment will experience around 13% growth in the coming years as these tests give detailed and accurate information regarding ethnic background of an individual. Moreover, recently developed ancestry DTC tests bridges gap between health-related genetic testing and ancestry genetic testing. Availability of such ancestry DTC tests will spur the segmental growth in coming years.

Targeted analysis segment accounted for over 37% revenue share in 2018 owing to its increasing demand in genome analysis. Several benefits of targeted analysis include specificity, scalability and cost-effectiveness. Since, this technology has numerous advantages as compared to the other technologies such as Single Nucleotide Polymorphism (SNP) its adoption will remain high throughout the forecast period.

Growing income level globally will boost the demand for direct to consumer genetic testing kits thereby, escalating industry growth. Increase in income level subsequently elevates healthcare expenditures that proves beneficial for industry growth. According to CDC, 2017 witnessed drastic increase in number of people opting direct to consumer genetic testing. This rise in the customer base for DTC genetic tests can be attributed to increase in income level, awareness and reduced prices. However, defects in DTC genetic testing kits may hamper business growth to certain extent.

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Prominent industry players operational in direct to consumer genetic testing market include 23andMe, Full Genomes, Ancestry, Color, Helix, Karmagenes, MapMyGenome, Family Tree DNA, EasyDNA, Helix, Identigene, Genesis HealthCare, Karmagenes, MyHeritage, Living DNA and Pathway Genomics. Key industry players adopt strategic initiatives such as new product launch, collaborations and geographic expansions that enables them to sustain market competition. For instance, in November 2018, Ancestry.com developed Ancestry DNA test that provides detailed genetic information. This strategy will help company to enhance its product portfolio.

Table of content:

Chapter 1.  Methodology   Chapter 2.  Executive Summary   Chapter 3.  Direct-to-Consumer (DTC) Genetic Testing Industry Insights   Chapter 4.  Direct-to-Consumer (DTC) Genetic Testing Market, By Test Type   Chapter 5.  Direct-to-Consumer (DTC) Genetic Testing Market, By Technology   Chapter 6.  Direct-to-Consumer (DTC) Genetic Testing Market, By Region

Chapter 7.  Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/direct-to-consumer-dtc-genetic-testing-market

Related Report:

United States Direct-to-Consumer (DTC) Genetic Testing Market Report 2017

In this report, the United States Direct-to-Consumer (DTC) Genetic Testing market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/united-states-direct-to-consumer-dtc-genetic-testing-market-report-2017?utm_source=RR-PSR

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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