Direct-To-Consumer Genetic Testing Market 2021 Size, Industry Share, Growth, Scope, COVID-19 Impact Analysis, Top Key Players And Forecast, 2027

Allied Market Research published a new report, titled, "Direct-To-Consumer Genetic Testing Market Global Opportunity Analysis and Industry Forecast, 2020-2027".

The report has offered an all-inclusive analysis of the global Direct-To-Consumer Genetic Testing Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.

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Customers send their DNA sample directly to the company and the results can be obtained through their website in the form of electronic reports. Direct-to-consumer genetic testing is beneficial for people residing in remote areas as it provides people access to their genetic information at ease without visiting the hospital or getting involved with a healthcare provider or health insurance company in the process. Some consumers of DTC genetic testing view it as an opportunity to gather essential medical information about themselves.

Top impacting factors: Market Scenario Analysis:

The rising incidences of genetic diseases such as cancer across the world along with escalating patient count in developed economic regions like North America and Europe demanding for personalization of genetic testing service will surge the demand for DTC genetic testing. Various genetic predisposition to several genetic diseases can be detected in earlier stages with the use of DTC genetic tests. Growing acceptance of DTC genetic testing due to its capabilities of early disease diagnosis and recognition of genetic mutation preceding its manifestation will further propel the DTC genetic testing market.

On the contrary, the higher costs of (DTC) genetic testing and defects in the testing kits increase the risk associated with incorrect interpretations and may restrict the direct-to-consumer (DTC) genetic testing market growth causing a negative impact on the market.

COVID – 19 scenario analysis:

The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on the society and affecting millions of people and businesses

Industry closures and people are asked to stay in their homes which has cause taken a huge toll in terms of money and economic growth

Over 4 million people affected globally, with 300 thousand losing their lives due to SARS-CoV-2

Get detailed COVID-19 impact analysis on the Direct-to-consumer Genetic Testing Market

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Rising awareness regarding direct-to-consumer genetic testing will propel the market growth:

Rising awareness among about various genetic diseases, availability of direct-to-consumer genetic tests and benefits of these tests in diseases detection is fueling the demand for DTC testing kits in developed as well as developing nations resulting into will fueling of the market growth in near future. Industry players such as Ancestry and 23andMe have concentrated on developing advanced direct-to-consumer genetic testing solutions by making efforts in minimizing the defects.

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