DTC Genetic Testing Market Demand, Growth, Opportunities, Top Key Player and Forecast To 2025
Category: #health  By Ashwin Naphade  Date: 2019-08-14
  • share
  • Twitter
  • Facebook
  • LinkedIn

DTC Genetic Testing Market Demand, Growth, Opportunities, Top Key Player and Forecast To 2025

DTC Genetic Testing Market size is set to exceed USD 2.5 billion by 2025; according to a new research report by Global Market Insights.Increasing prevalence of rare genetic disorders globally coupled with extensive applications of direct-to-consumer genetic testing in early detection of cancer and other genetic disorder will foster DTC genetic testing market growth in near future. Moreover, technologically advanced DTC genetic tests that provide improved accuracy, efficacy and sensitivity should increase its adoption rendering significant positive impact on industry growth.

Request for a sample of this research report @  https://www.gminsights.com/request-sample/detail/3033Surging demand for personalized and altered drugs in developed region is a prominent factor that will fuel DTC genetic testing market growth. DTC tests enable consumers to gain valuable insights on genetic information with little or no intervention from healthcare professionals. These tests provide better understanding on likelihood of acquiring life-threatening conditions such as cancer, Alzheimer’s, diabetes and other genetic ailments. Extensive applications of DTC genetic testing will rise its demand thereby, augmenting business growth over the forecast time period. However, high cost of DTC genetic testing kits coupled with identified defects in direct-to-consumer genetic tests may hinder the business growth to some extent.Nutrigenomics testing segment held more than 170 million revenue in 2018 and is expected to witness robust growth in near future. Nutrigenomic tests study patient’s DNA to analyze intricate relationship between nutrition, gene and health. It provides better understanding on how each individual respond differently to supplements and food they consume. Increasing demand to personalized nutrition and desire to stay fit will propel the segment growth over forecast timeframe.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3033

Whole genome sequencing technology segment is anticipated to witness more than 14.5% CAGR during the analysis timeframe. The segmental growth is attributed to increasing applications of whole genome sequencing technology for DTC genetic testing. Decreasing cost of genome sequencing coupled with technological advancements in the field of genome sequencing will further propel the usage of whole genome sequencing method in the near future.

Browse Report Summary @ https://www.gminsights.com/industry-analysis/direct-to-consumer-dtc-genetic-testing-market

North America DTC genetic testing market is estimated to witness 14.7% CAGR in forthcoming years. Growth is attributed to increasing prevalence of genetic diseases and high awareness amongst people pertaining to DTC genetic tests. Moreover, rising prevalence of cancer in the region will augment demand for DTC genetic tests for early diagnosis. Strong foothold of industry players providing innovative solutions will exceed demand for DTC genetic tests in the forthcoming future.

 

Some of the key players operating in global DTC genetic testing market are EasyDNA, 23andMe, Ancestry, Color, Full Genomes, Genesis HealthCare, Helix, Identigene, Karmagenes, Living DNA, MapMyGenome, Family Tree DNA, Pathway Genomics and MyHeritage. Industry players emphasize on strategic expansion through mergers and acquisitions collaborations that enables them to strengthen their market position and improvise on existing product portfolio. For instance, in May 2019, MyHeritage launched MyHeritage DNA Health+Ancestry test. This strategy aimed at expansion of company’s product portfolio.


More Insightful Info: https://www.marketwatch.com/press-release/endoscopy-market-is-anticipated-to-reach-25-billion-by-2025-2019-07-23

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

Read More

More News By Ashwin Naphade

Cell Line Development Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024
Cell Line Development Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024
By Ashwin Naphade

Market Study Report LLC adds new research on Cell Line Development market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product anal...

In-vitro Diagnostic Services Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024
In-vitro Diagnostic Services Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024
By Ashwin Naphade

A comprehensive research study on In-vitro Diagnostic Services market added by Market Study Report LLC provides insights into the market share and growth trends of this industry over the forecast timeline. The study evaluates key aspects of In-vitro ...

Microsurgery Robot Market - Industry Insights, Share, Top Trends, Drivers, Growth & Forecast to 2025
Microsurgery Robot Market - Industry Insights, Share, Top Trends, Drivers, Growth & Forecast to 2025
By Ashwin Naphade

Market Study Report LLC has released a new research study on Microsurgery Robot market Analysis 2019-2024 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the ind...