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Global Consumer Genomics Market 2019: The dynamics of Developed & Developing Countries Growth Speed Up || Helix OpCo LLC, MyHeritage Ltd, Pathway Genomics, Veritas Genetics, Myriad Genetics, Inc., Illumina, Inc.
Global Consumer Genomics Market
Market Analysis: Global Consumer Genomics Market
Global consumer genomics market is set to witness a healthy CAGR of 20.45% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Increasing trend of DTC testing and growing application areas of genomics are the factor for the growth of this market.
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Market Definition: Global Consumer Genomics Market
Consumer genomics is related with the sequencing, interpretation and sequencing of the genome. They are widely used in application such as diagnostics, wellness and nutrition, reproductive healthcare, genetic relatedness, ancestry and others. If genotypes are known, this helps the individual to know about their ancestry inference, disease risks and other trait expression. Increasing prevalence for personalized genomics is the factor fueling the growth of this market.
Market Drivers
Rising demand for personalized genomics is driving the market
Increasing access to DTC service due to decrease rate of genotyping will also drive market
Rising investments by companies in consumer genomics will also propel the market growth
Growing consumer and physicians interest in DTC kits & consequent is also contributing as a factor for the growth of this market
Market Restraints
Increasing clinical and ethical problems related to the use of DTC products & personalized treatment will restrain market growth
Strict norms associated with the use of DTC genetic tests will also hamper the market growth
Lack of adoption of home-based genetic tests due to misleading results will also restrict the growth of the market
Segmentation: Global Consumer Genomics Market
By Application
Genetic Relatedness
Diagnostics
Lifestyle
Wellness, & Nutrition
Ancestry
Reproductive Health
Personalized Medicine & Pharmacogenetic Testing
Sports Nutrition & Health
Others
By Technology
PCR
Sequencing
Microarray
Nucleic Acid Extraction and Purification
Other Technologies
By Product and Service
Consumables
Systems & Software
Services
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Rest of South America
Middle East and Africa
South Africa
Rest of Middle East and Africa
Browse Detailed TOC, Tables, Figures, Charts and Companies @ https://www.databridgemarketresearch.com/toc?dbmr=global-consumer-genomics-market&raksh
Key Developments in the Market:
In April 2019, PerkinElmer along with Helix announced the launch of their new consumer gene testing product GenePrism. This product has the ability to analyze 59 genes and is very suitable for individuals who don’t have any information about their family history of disease. Helix will be sequencing the user’s DNA and further passing the result to PerkinElmer medical geneticists so that they can provide data analysis and interpretative service. With this product launch the company has expanded its product portfolio in the market.
In November 2018, Nebula Genomics announced the launch of consumer genetics: the ability for individuals to have their full genome sequenced. This new platform will connect the consumer with the researchers so that they can help them in advance biomedical research. This is specially designed so the consumer can share their genomic data in a fair and transparent ecosystem and assisting the scientists in performing the transformative research.
Competitive Analysis:
Global consumer genomics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of consumer genomics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global consumer genomics market are 23andMe, Inc., Gene by Gene, Mapmygenome - Know Yourself, Color Genomics, Inc., Helix OpCo LLC, MyHeritage Ltd, Pathway Genomics, Veritas Genetics, Myriad Genetics, Inc., Illumina, Inc., Xcode Life, Diagnomics, Inc., Toolbox Genomics, Thermo Fisher Scientific Inc., QIAGEN, Eurofins Scientific, Genomic Health, Invitae Corporation, Nebula Genomics, PerkinElmer Inc., Oxford Nanopore Technologies and others
Research Methodology: Global Consumer Genomics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Primary Respondents
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
Current and future of global consumer genomics market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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About Data Bridge Market Research:
Data Bridge Market Research is a versatile market research and consulting firm with over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Our coverage of industries include Medical Devices, Pharmaceuticals, Biotechnology, Semiconductors, Machinery, Information and Communication Technology, Automobiles and Automotive, Chemical and Material, Packaging, Food and Beverages, Cosmetics, Specialty Chemicals, Fast Moving Consumer Goods, Robotics, among many others.
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