Press release
Genealogy Products and Services Market Projected to Witness Vigorous Expansion by 2018 to 2024 | Key Players are Geneanet, WikiTree, FindmyPast, etc.
Request for a Free Sample Report of Concerned Market - https://www.factmr.com/connectus/sample?flag=S&rep_id=3083
Fragmented Nature of Market to Prevail
The genealogy products and services market remains significantly fragmented, with numerous companies launching different services and websites specific to regions. Leading players operating in the genealogy products & services market continue to bolster their online presence while launching new and innovative services to draw in more consumers. Some of the recent notable developments in the genealogy products & services market include:
To capitalize on the surging demand for home DNA testing, MyHeritage signed an agreement with WHSmith, giving latter the right to sell and distribute its DNA kits in the UK. The agreement is the first of its kind in the UK and will allow MyHeritage to extend its network.
23andMe, Inc., became the first company in the USA to receive an authorization for conducting direct-to-consumer test estimating the risks of cancer in the country. The authorization allows 23andMe to provide consumers with a report on BRCA1 and BRCA2 genes which are closely associated with higher risks of ovarian, breast, and prostate cancer.
com, a leading player in the genealogy products & services market, recently released 94 new and updated genetic communities specifically for African Americans to help them learn about their lineage and heritage.
To ensure precise and extensive results, FamilySearch announced it will be redesigning its database to include data about same-sex families. The company claims it will finish redesigning its system in 2019.
Other leading companies profiled in the report include Geneanet, WikiTree, FindmyPast, GenealogyBank, Living DNA, Billion Graves, and Family Tree DNA.
Demand for Genetic Testing to Surge as Preventive Healthcare and Pharmacogenomics Gain Traction
Preventive healthcare is gradually gaining center stage with consumers becoming increasingly aware of the benefits of the practice. Genetic testing plays a vital role in preventive healthcare as it provides a potential technique for diagnosis of rare diseases. It is showing promising prospects for precisely predicting the risk of developing a particular disease by studying the complex genetic markup of the population.
Numerous researchers claiming the efficacy of genetic testing are promoting its adoption. The procedure can potentially enable doctors to suggest measures to prevent the development of a certain health condition. Investments by governments are further fueling the growth of the genealogy products & services market. For instance, the National Health Service in England recently announced its plan to expand genetic testing capabilities to improve the quality of health services in the country.
Development of pharmacogenomics is another factor imperative to genealogy products & services market growth. Pharmacogenomics is the study of genetics to predict the impact of medication on the human body. Genetic testing is already being leveraged for prescribing personalized medications in the treatment of panic disorder, anxiety, schizophrenia, bipolar disorder, and post-traumatic disorder.
Genealogy Service Providers Widening the Scope of Application
Genealogy products & services providers are foraying into an assortment of different verticals to extend their consumer base. Use of genealogy and genetic testing for offering personalized services in a multitude of markets is gradually gaining traction. Companies such as EpigenCare and SkinGenie are leveraging genetic testing to provide skin care products that particularly complement the genetic makeup of a person’s skin. On the other hand, Pheramor, a company based in Houston, is using genetic testing for finding people their compatible partners. Another example of the widening scope of genealogy products & services is Vinome, a company which provides a thorough report of the different wines a person may have an affinity for after studying their genetic makeup.
Aggressive marketing techniques, coupled with growing consumer inquisitiveness about such implications of genealogy, is aiding these applications in gaining popularity which, in turn, is expected to bolster genealogy products & services market growth.
Technological Innovations Complementing Market Growth
Genealogy products & services market is estimated to benefit from headways in technology. Genealogy products & services companies are harnessing data analytics, machine learning, big data, and artificial intelligence for effectively storing and analyzing a large amount of data. Genealogy products and services companies are increasingly using online platforms for marketing their services and increaing penetration into the market.
Ask Industry Experts about this Report - https://www.factmr.com/connectus/sample?flag=AE&rep_id=3083
Contact Us
FactMR
11140 Rockville Pike
Suite 400, Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Read Industry News at: https://insiderstribune.com
About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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 Genealogy Products and Services Market Projected to Witness Vigorous Expansion by 2018 to 2024 | Key Players are Geneanet, WikiTree, FindmyPast, etc. here
News-ID: 1812446 • Views: …
More Releases from Fact.MR
Insights into the Medical Gloves Market to Exceed US$ 27 Billion by 2034
The global medical gloves market (医療用手袋市場) is projected to reach a valuation of over US$ 27,141.5 million by 2034, growing from an estimated worth of US$ 11,299 million in 2024, with a forecasted compound annual growth rate (CAGR) of 9.2% until 2034.
The increasing emphasis on hygiene and infection control, particularly in healthcare environments, is driving demand for medical gloves. This demand is further fueled by stringent regulations governing healthcare standards.…
Aerial Inspection Services Market is accelerate at a CAGR of 17.5% to top US$ 9. …
The global Aerial Inspection Services is expected to reach a value of US$ 1.9 billion and is projected to grow at a compound annual growth rate (CAGR) of 17.5% over the next decade, reaching US$ 9.5 billion by 2033.Drone inspection services dominate this market, accounting for approximately 90.0% of the total aerial inspection services sector. Moreover, this segment represents a significant portion, around 25.0%, of the broader drone services market,…
Bioink Market Expected to Reach US$ 1.03 Billion by 2034 with 18.8% CAGR
In 2024, the global bioink market (バイオインク市場) is estimated at US$ 185.6 million. Forecasts project a remarkable Compound Annual Growth Rate (CAGR) of 18.8%, catapulting the demand for bioinks to reach a substantial market value of US$ 1.03 billion by 2034.
Recent years have witnessed a consistent rise in the necessity for organ replacements and tissue regeneration. Innovations in these fields are anticipated to facilitate the transformation of damaged tissues into…
Bonded Magnet Market is forecast to reach a valuation of US$ 10.9 Billion by 203 …
The Bonded Magnet Market is currently valued at around US$ 5.1 billion, and it is expected to experience substantial growth in the coming years. Projections suggest that the market will reach a valuation of US$ 10.9 billion by 2032, growing at an impressive compound annual growth rate (CAGR) of 7.8% from 2022 to 2032.
Bonded magnets play a significant role in the global magnet market, accounting for approximately 14% of its…
More Releases for Genealogy
Genealogy Products and Services Market to Showcase Vigorous Demand during the Pe …
According to a recent Fact.MR study, the genealogy products and services market is likely to be valued at over US$ 3 billion in 2019. The market is likely to continue its bullish run with a myriad of factors influencing the strategy of key players. Surging demand for genetic and DNA testing in an assortment of industries, coupled with the growing awareness about genealogy are some of the vital factors bolstering…
Genealogy Products and Services Market | Key Players - DNAPrint Genomics, Inc., …
Genealogy, which is also referred as family history is the study and tracing of the lineages and history of an individual’s family. In genealogy, various service providers utilize various analysis methods, such as oral interviews, genetic analysis, historical records, and various other records to obtain essential information about an individual’s family. This information helps the genealogists to describe the individual’s family relationships and lineage of its members.
Get Report Sample Copy…
Genealogy Products and Services Market | Key Players - DNAPrint Genomics, Inc., …
Genealogy, which is also referred as family history is the study and tracing of the lineages and history of an individual’s family. In genealogy, various service providers utilize various analysis methods, such as oral interviews, genetic analysis, historical records, and various other records to obtain essential information about an individual’s family. This information helps the genealogists to describe the individual’s family relationships and lineage of its members.
Get Report Sample Copy…
Genealogy Products & Services Market | Aggressive marketing techniques, coupled …
According to a recent Fact.MR study, the genealogy products & services market is likely to be valued at over US$ 3 billion in 2019. The market is likely to continue its bullish run with a myriad of factors influencing the strategy of key players. Surging demand for genetic and DNA testing in an assortment of industries, coupled with the growing awareness about genealogy are some of the vital factors bolstering…
Genealogy Products And Services Market : DNA Tests Are Providing A Lucrative Mar …
Genealogy Products and Services Market: Overview
Genealogy, which is also referred as family history is the study and tracing of the lineages and history of an individual’s family. In genealogy, various service providers utilize various analysis methods, such as oral interviews, genetic analysis, historical records, and various other records to obtain essential information about an individual’s family. This information helps the genealogists to describe the individual’s family relationships and lineage of…
Genealogy Products And Services Market : Social Media Can Help The Growth Of Gen …
Genealogy Products and Services Market: Overview
Genealogy, which is also referred as family history is the study and tracing of the lineages and history of an individual’s family. In genealogy, various service providers utilize various analysis methods, such as oral interviews, genetic analysis, historical records, and various other records to obtain essential information about an individual’s family. This information helps the genealogists to describe the individual’s family relationships and lineage of…
