The global Direct-to-Consumer Genetic Testing Market is forecasted to reach USD 3.33 Billion by 2027, according to a new report by Emergen Research. Increasing genetic disease incidence would fuel competition for direct-to-consumer genetic testing and accelerate market development across the expected timeframe. Increasing cases of hereditary disorders such as breast cancer, achondroplasia, colorectal cancer and other diseases have increased the need for cost-effective and reliable avenues of genetic testing in the healthcare industry. For reference, according to the World Cancer Research Fund (WCRF), more than 2 million new cancer cases were reported globally in 2018.
The Global Global Direct-to-Consumer Genetic Testing Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Global Direct-to-Consumer Genetic Testing Market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
Key participants include 23andMe, Full Genome Corporation, Color Genomics, Genesis Healthcare, Helix OpCo LLC, FamilyTreeDNA, MyHeritage, Identigene, Pathway genomics, and Living DNA, among others.
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Covid 19 analysis:
the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. . The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
For the purpose of this report, Emergen Research has segmented into the global Direct-to-Consumer Genetic Testing market based on the test type, distribution channel, application, and region:
Test Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Carrier Testing
Predictive Testing
Ancestry & Relationship Testing
Nutrigenomics Testing
Others
Distribution Channel Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)
Online Platforms
Over-the-Counter
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Targeted Analysis
Single Nucleotide Polymorphism Chips (SNP)
Whole Genome Sequencing (WGS)
Key geographical areas:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Global Direct-to-Consumer Genetic Testing Market in the near future?
- What is the regulatory framework governing the application of Global Direct-to-Consumer Genetic Testing Market in the food industry?
- Which manufacturing processes are utilized for the production of Global Direct-to-Consumer Genetic Testing Market ?
Reasons to Buy this Report?
- To understand the impact of current market trends and market forecast to drive strategies in the appropriate direction
- To identify potential expansion, investment, and contract opportunities
- To determine important growth drivers, patterns, and other factors in regional and international markets
- To analyze the statistical data for the market based on product, application, and end user
- To compete with key market players by getting insights into their operations, projects, and operations
- To understand the current consumer demand for Global Direct-to-Consumer Genetic Testing Market
- To gain insights into sales forecasts for the market
- To understand the impact of COVID-19 pandemic on the Global Direct-to-Consumer Genetic Testing Market
The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
