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. 

The report also provides an analysis of how efficient is the company to achieve the set targets. The research report is compiled using customer insights, marketing strategies, competitive landscape analysis, and overall growth trend of the market. The Direct-to-Consumer Genetic Testing industry is observing dynamic changed with several new players entering the market.The competitive landscape data is provided by SWOT analysis of each market player along with feasibility analysis, investment return analysis, and Porter’s Five Forces analysis. The dominant and slow growing market segments are also analyzed in the report to provide a complete understanding of each key segment of the market.

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Further key findings from the report suggest

• Based on test type, carrier testing generated a revenue of USD 139.21 million in 2019 and believed to rise with a CAGR of 13.2% in the forecast period, as it is used to determine if an individual is a carrier of particular recessive autosomal diseases, utilized by fertility planners who help them to predict the chances of genetic defects transmitted by their offspring.
• The over-the-counter channel expected to grow with a CAGR of 12.8% in the forecasted period due to the convenience of purchasing a test kit for customers residing in developed world rural areas, as enforcement authorities inspect them individually to make them easier to purchase.
• The single nucleotide polymorphism chips application is the major contributor to the Direct-to-Consumer Genetic Testing Market. The single nucleotide polymorphism chips application of the North America region is the major shareholder of the market and held around 47.7% of the market in the year 2019, as it can detect different changes in a separate letter to enhance further test performance.
• Key participants include 23andMe, Full Genome Corporation, Color Genomics, Genesis Healthcare, Helix OpCo LLC, FamilyTreeDNA, MyHeritage, Identigene, Pathway genomics, and Living DNA, among others.

Direct-to-Consumer Genetic Testing Market Segmentation:

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)

The report offers insights into the demands for the Direct-to-Consumer Genetic Testing products in the global market, especially in the key geographical regions where the market has established its presence. These key regions include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.For a comprehensive understanding of the market, the vertical is further segmented into product types offered by the market, application spectrum, and end-user industries, among others. It also offers information on the leading manufacturers and vendors in the key geographical regions of the industry.

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Key questions addressed in the report:

• Which of the leading market regions accounts for the highest global market share?
• What is the current valuation of each region and the estimated remuneration over the forecast timeline?
• What are the sales estimates for every regional segment in the Direct-to-Consumer Genetic Testing market over the projected period?
• What is the projected growth rate likely to be demonstrated by each region in the global Direct-to-Consumer Genetic Testing market?

Table Of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Direct-to-Consumer Genetic Testing Market Segmentation & Impact Analysis
    4.1. Direct-to-Consumer Genetic Testing Market Product Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increasing income level in emerging economies
                    4.2.2.2. Growing incidences of genetic disorders globally
          4.2.3. Market restraints analysis
                    4.2.3.1. High cost of DTC genetic testing
                    4.2.3.2. Defects in the DTC testing kits
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter’s Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis
    4.9. Customer Mapping
    4.10. Covid-19 Impact Analysis
    4.11. Global Recession Influence

READ MORE…!

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