openPR Logo
Press release

Direct-to-Consumer (DTC) Genetic Testing Market| Key Players: 23andMe, AncestryProGenealogists, Color Genomics

02-11-2019 07:20 PM CET | Health & Medicine

Press release from: Global Market Insights

Direct-to-Consumer (DTC) Genetic Testing Market

Direct-to-Consumer (DTC) Genetic Testing Market

Direct-to-Consumer (DTC) Genetic Testing Market is set to exceed USD 2.5 billion by 2024; according to a new research report by Global Market Insights. Growing incidences of genetic and rare disorders worldwide coupled with wide applications of direct-to-consumer genetic testing in early detection and prevention of oncology as well as other genetic diseases will drive the DTC genetic testing market growth in the coming years.

Rising awareness among patients pertaining to early disease diagnosis will result in timely treatment and reduced mortality rate. Additionally, technological innovations in direct-to-consumer genetic testing to offer enhanced efficiency, high sensitivity and accuracy will serve to be a significant impact rendering factor. Moreover, increasing adoption of carrier testing at a very early stage of pregnancy will further augment the business growth during forecast period.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3033

DTC predictive testing segment accounted for USD 110.8 million revenue in 2017 and is expected to witness significant growth over the analysis timeframe. Ability of predictive tests to provide information regarding likelihood of acquiring certain diseases at a later stage in life increases its adoption among the consumers. Increasing awareness among people pertaining to early disease detection to undergo timely treatment and minimize the severity of diseases will further foster segment growth in the coming years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• 23andMe
• AncestryProGenealogists
• Color Genomics
• EasyDNA
• Family Tree DNA
• Full Genomes, Inc.
• Genesis Healthcare System
• Helix
• Karmagenes SA
• Living DNA
• Mapmygenome
• Pathway Genomics Corporation

DTC carrier testing segment is projected to show robust growth with a CAGR of 19.8% during the forecast period. Carrier testing is primarily done before or during pregnancy to determine whether an individual is a carrier of certain genetic disorders. As per the Centers for Disease Control and Prevention (CDC), each year about 3% of all the new-borns in the U.S. are affected by some or other birth defects resulting in infant mortality. This will increase the adoption of carrier testing among the pregnant women, to determine the risks of child inheriting one of genetic disorders after birth, thereby augmenting the segment growth.

Whole genome sequencing (WGS) segment was valued at USD 77.8 million revenue in 2017 and will witness considerable growth by 2024. The segment growth is attributed to the ability of whole genome sequencing technology to examine entire human genome and provide information regarding majority of variation present in individual genome. However, high price associated with whole genome sequencing may impede the segment growth up to certain extent during the forthcoming years.

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

U.S. direct-to-consumer genetic testing market accounted for more than 91% revenue share of total North America Market in 2017 and will show robust growth over the analysis period. The growth is attributed to the rising incidences of genetic diseases in the country, high awareness among people regarding genetic testing as well as technological advancements. Moreover, regulatory support for direct to consumer genetic testing coupled with high healthcare spending will boost the business growth over the forecast timeline.

Direct-to-Consumer Genetic Testing Market, by Test Type (USD Million) (000’ Units)
o Carrier testing
o Predictive testing
o Ancestry and relationship testing
o Nutrigenomics testing

Direct-to-Consumer Genetic Testing Market, by Technology (USD Million)
o Targeted analysis
o Single nucleotide polymorphism (SNP) chips
o Whole genome sequencing (WGS)

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

Global Market Insights, Inc.
4 North Main Street
Selbyville, Delaware 19975 USA
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email:sales@gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Direct-to-Consumer (DTC) Genetic Testing Market| Key Players: 23andMe, AncestryProGenealogists, Color Genomics here

News-ID: 1578180 • Views:

More Releases from Global Market Insights

Acoustic Diaphragm Market slated to observe traction for polypropylene material in earphones & loudspeakers
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers. Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several
How will increasing demand for stainless steel transform the Ferroalloys Market outlook?
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies. Meanwhile, yet other company, Boston Metal has declared having raised over USD 20
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2024
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses. Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet

All 5 Releases


More Releases for DTC

Direct to Customer (DTC) Market 2021 | Detailed Report
According to Market Study Report, Direct to Customer (DTC) Market provides a comprehensive analysis of the Direct to Customer (DTC) Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. An exclusive data offered in this report is collected by research and industry experts team. Get Free Sample PDF (including full TOC, Tables and Figures) of Direct to Customer (DTC) Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4623851 The
Easyops Launches EasyOMS 3.0 to help DTC brands
EasyOMS 3.0 is a culmination of 3 years of effort working with some of the most successful DTC brands in India. EasyOMS provides DTC brands with an integrated platform to manage integrate their inventory in the cloud and manage their multi-channel sales. EasyOMS comes with powerful OMS features to manage unified order fulfillment and handle complex supply chain requirements for cross border dropshipping. Direct to Consumer (DTC) brands are disrupting the traditional
DTC Testing Market Size, Share, Development by 2024
Market Research Report Store offers a latest published report on DTC Testing Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-dtc-testing-market_p104521.html   With advances in technology, the completion of
Global Direct-to-Consumer (DTC) Genetic Testing Market Research Report 2018: deC …
Qyresearchreports include new market research report Global Direct-to-Consumer (DTC) Genetic Testing Market Professional Survey Report 2018 to its huge collection of research reports. This report studies Direct-to-Consumer (DTC) Genetic Testing in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The report gave here gives significant bits of knowledge in
Direct-to-Consumer (DTC) Genetic Testing Market By Key Vendors: 23andMe, deCODEm …
Qyresearchreports include new market research report Direct-to-Consumer (DTC) Genetic Testing to its huge collection of research reports. The global Direct-to-Consumer (DTC) Genetic Testing market is comprehensively assessed in this report bears ponders on top-need development viewpoints and how they could affect amid the fulfillment of the figure residency under thought. The investigators have played out a splendid activity of exhaustively surveying every development factor of the market, other than indicating how
Global Direct-to-Consumer (DTC) Genetic Testing Market 2017 Comparison Analysis …
Qyresearchreports include new market research report "Global Direct-to-Consumer (DTC) Genetic Testing Market Professional Survey Report 2017" to its huge collection of research reports. The analysts of this report on the global Direct-to-Consumer (DTC) Genetic Testing market have developed it with a solitary goal to provide quantitative and qualitative assessment of the current scenario as well as future prospects as far as demand for the same is concerned. It begins with an