Direct to Consumer Laboratory Testing Market Analysis highlights (2019-2026) | ANY LAB TEST NOW, DirectLabs, LLC

Direct to Consumer Laboratory Testing Market Snapshot:

The U.S. direct to consumer (DTC) laboratory testing market was valued at USD 94.83 in 2018, growing at a CAGR of 11.2%, during the forecast period 2019–2026.
The estimated market for U.S. DTC laboratory testing includes clinical and pathological testing, excluding the DTC genetic testing segment for ancestry and therapeutic testing.

Diagnosis of a disease is the most important step in commencing the treatment for it. Diagnostics field is significantly growing and advancing technologically in the U.S. Direct to consumer (DTC) laboratory testing enables ordering diagnostic tests kit at home. Confidentiality and accuracy of the tests are maintained by service provider laboratories, which stands as the priority for U.S. direct to consumer laboratory testing market. Hectic work life and rising awareness regarding monitoring personal health through complete blood count (CBC) and blood glucose tests, are some of the important factors driving the U.S. direct to consumer laboratory testing market.

In the U.S., increasing prevalence of various lifestyle associated and infectious diseases such as obesity, hypertension, diabetes, Cancer, and STD is driving the demand for direct-to-consumer laboratory services for early diagnosis. Similarly, the country has a huge population suffering from various chronic diseases, which is influencing the need for regular checkup of risk of disease.  For instance, approximately every 40 seconds, an American fall prey to myocardial infarction. During 2013-2016, about 28.5 million, or 11.7%, of American adults had cholesterol issues. The direct-to-consumer laboratory is a convenient method for routine health checkup for the health-conscious population.

Cholesterol level testing covers cholesterol, triglycerides, high-density lipoprotein, and low-density lipoprotein parameters to monitor the risk of stroke, heart attack, and peripheral artery disease. In the U.S., people are increasingly focusing on knowing their cholesterol level to understand their health status. HIV testing is used to keep tabs on the health of HIV patients and to prevent the prevalence of new infections. The increasing number of cases of HIV Infection in the U.S. is one of the major factors driving the HIV testing segment. As per the Center for Disease Control & Prevention (CDC), it was estimated that around 13% of the Americans were infected with HIV in 2016.

Pregnancy testing is witnessing a huge demand from working women for quick results and surety. From the last few years, U.S. has been witnessing considerable rise in the unplanned pregnancy and awareness about the benefits of early detection. As per the CDC, rate of unplanned pregnancy in the U.S. is way higher than in any other developed country. In 2017, around 52% of unintended pregnancies were registered, out of which 43% resulted from inconsistent or incorrect use of contraceptive, and only 5% resulted from contraceptive failure. Substance abuse testing detects the presence of illicit drugs, prescription drugs, and alcohol. Illegal drugs consist and prescription medications consist of painkillers, sleeping pills, and tranquilizers.

Direct-to-consumer (DTC) laboratory offers at-home lab tests without lab visits or doctor referrals.  People in the U.S. have become very health-conscious and pay significant attention to early detection of any diseases. This has escalated the growth of direct-to-consumer (DTC) laboratories as they provide diagnostic results within 24 to 48 hours. In line with the growing demand for quick, affordable, and accurate tests, several players are active in the market and most of them are equipped with technologically advanced equipment and techniques for sample analysis.

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The Major Prominent Players Covered in this Report:
ANY LAB TEST NOW, DirectLabs, LLC, EverlyWell, Inc., HealthCheckUSA, Home Access Health, Pixel by LabCorp (Laboratory Corporation of America Holdings), Ulta Lab Tests, LLC, MyMedLab, Inc., Quest Diagnostics Incorporated, Request A Test, Sonora Quest Laboratories, Walk-In Lab, LLC., and WellnessFX, 

By Type, Complete Blood Count, Cholesterol Level Testing, HIV Testing, Pregnancy Testing, Substance Abuse Testing, Urinalysis, Stool Testing, Glucose Testing, Other Types

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Direct to Consumer Laboratory Testing in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Direct to Consumer Laboratory Testing market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Direct to Consumer Laboratory Testing and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Direct to Consumer Laboratory Testing. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Direct to Consumer Laboratory Testing market growth rate?
What are the key factors driving the global Direct to Consumer Laboratory Testing market?
Who are the key manufacturers in the Direct to Consumer Laboratory Testing market space?
What are the market opportunities, market risk, and market overview of the Direct to Consumer Laboratory Testing market?
What are sales, revenue, and price analysis of top manufacturers of the Direct to Consumer Laboratory Testing market?
Who are the distributors, traders, and dealers of the Direct to Consumer Laboratory Testing market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Direct to Consumer Laboratory Testing Industry?
What are sales, revenue, and price analysis by regions of Direct to Consumer Laboratory Testing industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Direct to Consumer Laboratory Testing Market Trends:
- The report identifies, determines, and forecasts the Global Direct to Consumer Laboratory Testing Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Direct to Consumer Laboratory Testing Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Direct to Consumer Laboratory Testing Market.

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