Direct-to-Consumer (DTC) Genetic Testing Market Size By Technology & Growth Forecast to 2024: Ancestry, Color, EasyDNA, Family Tree DNA, Full Genomes, Genesis HealthCare, Helix, Identigene, Karmagenes

The global direct-to-consumer genetic testing market is projected to gain immense momentum in the coming years owing to increasing awareness about genetic testing of fetus along with the adoption of ancestral tests for criminal investigation.

DTC genetic tests are primarily used by mothers to be for detecting genetic disorders in the baby. Recently, a group of scientists used genome sequencing to enhance the diagnosis of detecting abnormalities during ultrasound by 10 percent. Without this technology, it wouldn’t have been possible to diagnose abnormalities until after pregnancy. The findings further suggest that around three percent of pregnancies tend to have an abnormality in the structure of the baby, which can be detected through a routine prenatal ultrasound scan. Once the abnormality has been diagnosed, parents are keen to know the possible outcome for their child. Therefore, the fear of passing on a genetic disorder followed by the need to prevent it will continue to drive the DTC genetic testing market.

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Increasing prevalence of genetic diseases globally has proven beneficial for the industry growth as it increases the demand of DTC genetic tests. According to Global Genes, around 7,000 different genetic diseases have been discovered and more are being discovered each day. However, cost of genetic testing is predicted to hamper it?s affordability in developing and underdeveloped region that will impede industry growth to some extent.

Nutrigenomics segment will grow at 20.3% from 2018 to 2024 Growing preference for nutrigenomics tests amongst the adult population should propel business growth over forecast timeframe. Nutrigenomic tests provide information regarding the patient?s metabolic requirements. Every individual has unique set of genes that influence the metabolism. Defects in the metabolism due to alteration in genes may lead to various genetic metabolic and endocrine disorders that will positively influence the demand for nutrigenomic tests escalating segmental growth.

Single Nucleotide Polymorphism (SNP) segment held 49.5% revenue share in 2017 and it should expand enormously in foreseeable future due to its increasing usage in analyzing the genome. 23andMe majority of companies extensively use SNP chips in providing information regarding carrier status for a genetic disease. Preference is high for SNP technology as it is comparatively affordable than the whole genome sequencing technology.

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Germany direct-to-consumer genetic testing market will grow at 18.3% over forecast timeframe owing to growing adoption of technologically advanced DTC genetic tests. Growing prevalence of genetic diseases such as anemia and thalassemia will drive the demand in Germany. For instance, according to The World Bank, increasing prevalence of anemia among the women in reproductive age group of 15-49 years in Germany will escalate demand for DTC genetic tests boosting the industry growth.

China direct-to-consumer genetic testing market was valued at USD 29.1 million in 2017, as a result of increasing per capita income, healthcare expenditures and awareness regarding DTC genetic test. Rising awareness regarding availability of technologically advanced DTC genetic tests amongst population in China will positively influence the market growth. Furthermore, growing popularity for prenatal and cancer DTC tests along with presence of significant number of DTC genetic test suppliers will positively impact the industry growth.

Prominent industry players operational in the direct-to-consumer genetic testing market include 23andMe, Ancestry, Color, EasyDNA, Family Tree DNA, Full Genomes, Genesis HealthCare, Helix, Identigene, Karmagenes, Living DNA, MapMyGenome, MyHeritage and Pathway Genomics. Key industry players adopt various strategic initiatives such as acquisitions and new product launch, that enable them in sustaining market competition. For instance, in March 2018, 23andMe received FDA approval for marketing newly developed cancer screening tests that will prove beneficial for the company?s growth.

Table of Content:

Chapter 1. Methodology

1.1. Methodology

1.2. Market definition

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Direct-to-consumer (DTC) genetic testing industry 360º synopsis, 2014 - 2024

2.1.1. Business trends

2.1.2. Test type trends

2.1.3. Technology trends

2.1.4. Regional trends

Chapter 3. Direct-to-Consumer (DTC) Genetic Testing Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2024

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Rising public awareness in North America

3.3.1.2. Increasing income level in emerging economies

3.3.1.3. Growing incidences of genetic disorders globally

3.3.1.4. Increasing demand for service personalization in North America and Europe

3.3.2. Industry pitfalls & challenges

3.3.2.1. High cost of DTC genetic testing

3.3.2.2. Defects in the DTC testing kits

3.4. Regulatory landscape

3.5. Growth potential analysis

3.5.1. By test type

3.5.2. By technology

3.6. Porter's analysis

3.7. Competitive landscape, 2017

3.7.1. Strategy dashboard

3.8. PESTEL analysis

Chapter 4. Direct-to-Consumer (DTC) Genetic Testing Market, By Test Type

4.1. Key segment trends

4.2. Carrier testing

4.2.1. Carrier testing market, by region, 2014-2024 (USD Million)

4.2.2. Carrier testing market, by region, 2014-2024 (000' Units)

4.3. Predictive testing

4.3.1. Predictive testing market, by region, 2014-2024 (USD Million)

4.3.2. Predictive testing market, by region, 2014-2024 (000' Units)

4.4. Ancestry & relationship testing

4.4.1. Ancestry & relationship testing market, by region, 2014-2024 (USD Million)

4.4.2. Ancestry & relationship testing market, by region, 2014-2024 (000' Units)

4.5. Nutrigenomics testing

4.5.1. Nutrigenomics testing market, by region, 2014-2024 (USD Million)

4.5.2. Nutrigenomics testing market, by region, 2014-2024 (000' Units)

4.6. Others

4.6.1. Others market, by region, 2014-2024 (USD Million)

4.6.2. Others market, by region, 2014-2024 (000' Units)

Chapter 5. Direct-to-Consumer (DTC) Genetic Testing Market, By Technology

Outer scope of this report owing to the growing popularity of genetic tests, the technology has also caught the attention of law enforcement bodies across the world. Recently, for instance, British officers approached UK’s largest family tree website Ancestry to access user data to resolve identity fraud cases. The website which is accessed by 10 million users looking to discover their family history has reportedly received over 50 user data requests from law enforcement bodies between 2015 and 2017.

Therefore, the increasing use of data from ancestry tests for criminal investigation will further contribute to the expansion of the DTC genetic testing market over the ensuing years.

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Related Report:

Global Direct-To-Consumer (DTC) Genetic Testing Industry Market Research Report

Based on the Direct-To-Consumer (DTC) Genetic Testing industrial chain, this report mainly elaborates the definition, types, applications and major players of Direct-To-Consumer (DTC) Genetic Testing market in details. Deep analysis about market status (2014-2019), enterprise competition pattern, advantages and disadvantages of enterprise products, industry development trends (2019-2024), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and characteristics of the Direct-To-Consumer (DTC) Genetic Testing market.

https://www.marketstudyreport.com/reports/global-direct-to-consumer-dtc-genetic-testing-industry-market-research-report?utm_source=RR-SP

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