Direct-to-consumer Relationship Genetic Tests Market By Product and Service, By Application, By End User and Region: Global Industry Analysis, Share, Opportunity, Competition and Forecast 2021 to 2027 - 23andMe, MyHeritage, LabCorp, Myriad Genetics, Ances

The “Direct-to-consumer Relationship Genetic Tests Market” report provides 2021-2027 a detailed market overview based on current and future trends that will determine the profit structure. Market size, demand, supply chain, market growth factors, and future trends. It involves an in-depth study of the current trends leading to this vertical trend in different regions. The report provides important information related to components and factors such as market size, market share, market segmentation, main growth drivers, and market competition. Direct-to-consumer Relationship Genetic Tests market segments are highlighted by type and application, region, and major players. It provides key statistics on the market conditions of major market participants.

“The Direct-to-consumer Relationship Genetic Tests Market is predicted to register a CAGR of 14.98% over the forecast period 2021 – 2027.”

Key Competitors of the Direct-to-consumer Relationship Genetic Tests market is:

23andMe, MyHeritage, LabCorp, Myriad Genetics, Ancestry.com, Quest Diagnostics, Gene By Gene, DNA Diagnostics Center, Invitae, IntelliGenetics, Ambry Genetics, Living DNA, EasyDNA, Pathway Genomics, Centrillion Technology, Xcode, Color Genomics, Anglia DNA Services, African Ancestry, Canadian DNA Services, DNA Family Check, Alpha Biolaboratories, Test Me DNA, 23 Mofang, Genetic Health, DNA Services of America, Shuwen Health Sciences, Mapmygenome, Full Genomes

Recent Development:

In July 2018, 23andme collaborated with GlaxoSmithKline (GSK). This collaboration enabled the company to discover therapeutics to further treat genetic diseases, which eventually expanded the company’s share in direct-to-consumer genetic testing.

MyHeritage has acquired 5 companies of its own, including 3 in the last 5 years. MyHeritage’s largest acquisition to date was in 2012 when it acquired Geni for $25M. MyHeritage has been acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include internet software and services (40%) and software (40%). MyHeritage Ltd. is a global discovery platform for exploring family history. With billions of historical records and family tree profiles, and with sophisticated matching technologies that work across all its assets, MyHeritage allows users to discover their past and empower their future. MyHeritage was founded in 2003 and is based in Yehuda, Israel.

Myriad has acquired 5 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 4 assets. Myriad’s largest acquisition to date was in 2018 when it acquired Counsyl for $375M. Its largest disclosed sale occurred in 2021 when it sold Myriad Autoimmune s Vectra Testing Business to Laboratory of America Holdings for $150M. Myriad has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include life science (80%) and medical products (20%).

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Impact of COVID-19 on the Direct-to-consumer Relationship Genetic Tests Market:

The rise of COVID-19 has tempered showcase improvement; anyhow, the market is consistently choosing up-tempo because of growing lockdowns. The fast increment in CAGR is thanks to the request and extension of this marketplace, which is a practicality to come to pre-pandemic ranges once the large, is gone.

Major Types covered are:

Siblings DNA Test
Grandparentage Test
Genetic Reconstruction Test
Other

Major Applications covered are:

Online
Offline

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North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall DTC DNA test kits market, throughout the forecast period. The growth is due to factors such as the growing prevalence of congenital anomalies and increasing government initiatives for genetic diagnosis. In the North American region, the United States holds the largest market share due to factors such as high disposable income, and easy acceptance of such kits in the country is expected to increase the demand in this region.
However, Asia Pacific is anticipated to be the fastest-growing market due to the increasing awareness programs and developments undertaken by government bodies to accelerate genetic research in Asian countries. The Asia Pacific will proliferate at a speedy rate due to rapid technological updation in the healthcare sector.

Regional market Direct-to-consumer Relationship Genetic Tests (regional production, demand and forecast by country):

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situations, most important trade models, and consequently the possible headways in services with the aid of using crucial gamers inside the upcoming years.

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Report Features:

To project the value and sales volume of the Direct-to-consumer Relationship Genetic Tests market, concerning key regions.
To analyses competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To study and analyses the global Direct-to-consumer Relationship Genetic Tests market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
To understand the structure of the Direct-to-consumer Relationship Genetic Tests market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, industry-specific challenges, and risks).

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