DTC Genetic Testing Market : Facts, Figures and Analytical Insights 2020-2026
Direct-to-consumer genetic testing is different: these genetic tests are marketed directly to customers via television, print advertisements, or the Internet, and the tests can be bought online or in stores. Customers send the company a DNA sample and receive their results directly from a secure website or in a written report. Direct-to-consumer genetic testing provides people access to their genetic information without necessarily involving a healthcare provider or health insurance company in the process.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global DTC Genetic Testing Market: 23andMe, Ancestry, Color, EasyDNA, Family Tree DNA_Gene by Gene_, Full Genomes, Genesis HealthCare, Helix, Identigene, Karmagenes, Living DNA, MapMyGenome, MyHeritage, Pathway Genomics and others.
January 9, 2020: Millions of people worldwide have used direct to consumer (DTC) genetic tests, and many more are expected to so. Some of these consumers are not seeking medical information, but just chasing down relatives they never knew about. But fresh cautions have arisen from a recent University of California, Davis (UC Davis) study, which highlighted ways such data can be hacked. In addition, a memo was released, just before Christmas, by the US Defense Department advising service members to avoid such tests, because they pose certain "risks." The release of that memo was reported by Yahoo News and confirmed by the New York Times. The UC Davis study looked specifically at DTC genealogy services that allow users to upload genetic data to search for potential relatives. Users are able to identify other users with genomes that share identical by state (IBS) regions. These services include MyHeritage, FamilyTreeDNA, and GEDMatch.
Sun 16 Feb 2020: The announcement by 23andMe, a company that sells home DNA testing kits, that it has sold the rights to a promising new anti-inflammatory drug to a Spanish pharmaceutical company is cause for celebration. The collected health data of 23andMe's millions of customers have potentially produced a medical advance - the first of its kind. But a few weeks later the same company announced that it was laying off workers amid a shrinking market that its CEO put down to the public's concerns about privacy. These two developments are linked, because the most intimate data we can provide about ourselves - our genetic make-up - is already being harvested for ends we aren't aware of and can't always control. Some of them, such as better medicines, are desirable, but some of them should worry us.
Global DTC Genetic Testing Market Split by Product Type and Applications:
This report segments the market on the basis of Types are:
Single Nucleotide Polymorphism (SNP) Chips
Whole Genome Sequencing (WGS)
On the basis of Application, the market is segmented into:
Ancestry and Relationship Testing
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Regional Analysis For DTC Genetic Testing Market:
For comprehensive understanding of market dynamics, the global DTC Genetic Testing market is analyzed across key geographies namely:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
DTC Genetic Testing Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020-2026.
Following are major Table of Content of DTC Genetic Testing Market:
- Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- Global Market competition by top Players
- Analysis by Regions
- Consumption by Regions
- Consumption, By Types, Revenue and Market share by Types
- Consumption, By Applications, Market share (%) and Growth Rate by Applications
- Complete profiling and analysis of Players
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect Factors Analysis
- Global Market Forecast
- Global Market Research Findings and Conclusion, Appendix, methodology and data source
Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter's Five Forces Analysis and SWOT Analysis.
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