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North America to Dominate the Global Genetic Genealogy Market with a CAGR of 7.99% till 2026

11-17-2021 06:53 AM CET | Health & Medicine

Press release from: TechSci Research

North America to Dominate the Global Genetic Genealogy Market

Increasing occurrence of genetic diseases and huge healthcare expenditure is expected to drive the global genetic genealogy market.

According to TechSci Research report, “Global Genetic Genealogy Market By Test Type (Autosomal DNA Test, Y- chromosome DNA Test, Mitochondrial DNA Test), By Application (Heredity & Genetic Disorders, Paternal/Maternal Lineages, Ancestral Origins, Others), By End User (Direct-to-Consumer Testing Companies, Law Enforcement Agencies, Research Institutes & Academic Organizations, Others), By Region, Competition Forecast & Opportunities, 2026”, Global genetic genealogy market stood at USD859.21 million in 2020 and is expected to grow at a robust rate of 7.63% during the forecast period. This growth can be attributed to increasing genetic testing which plays an important role in diagnosis and offers a probable technique for curing rare diseases which are generally passed from ancestors. The increasing prevalence of target diseases such as cancer is fueling the market growth. In the treatment of rare autoimmune diseases where time is the deciding factor, genetic genealogy plays a significant role as it is a kind of preventive healthcare system and provides insights about the impact of different medications on the human body. The rising adoption of genealogy services by consumers and physicians to locate the family members and gain knowledge about the lineage history of an individual is fostering the growth of the genetic genealogy market. Market players are adopting attractive campaigns to raise awareness about the benefits of genealogy testing which in turn is bolstering the market growth.

Law Enforcement in the USA discovered that they could upload forensic DNA data to a third-party site called GEDmatch. This provides genetic genealogists a platform to upload raw autosomal DNA data and compare with clients who have used other DNA testing products. Special tools are available to make detailed analysis of DNA matches. Law enforcement officers along with a genetic genealogist discovered they could identify a serious criminal through a relative who had uploaded DNA data to the site. They were able to extrapolate the results and point to the criminal who was related. However, the lack of standardized regulations for genetic genealogy along with rising threats of data theft may pose a challenge to the global genetic genealogy market growth.

Browse 111 Figures spread through 110 Pages and an in-depth TOC on "Global Genetic Genealogy Market”.
https://www.techsciresearch.com/report/genetic-genealogy-market/7693.html

Global genetic genealogy market is segmented into test type, application, end user, regional distribution, and company. Based on end user, the market can be divided into direct-to-consumer testing companies, Law enforcement agencies, research institutes & academic organizations, and others. The direct-to-consumer testing companies' end-user segment is expected held a major market share of 58.98% in 2020 owing to the rise in demand from consumers and healthcare providers to avail the personalized genetic analysis.
Based on region, North America held the largest share of 35.82% in 2020. The USA and Commonwealth countries, including Canada, Australia and New Zealand are countries where a lot of immigration has occurred from Europe, so an obsession has always been to trace one's roots. Genealogy is a huge leisure pastime or hobby in the USA with genealogical societies, written genealogies of pioneer families, magazines, local family history clubs, etc. So, when autosomal DNA came along in 2015 and was marketed as a tool to help confirming family branches through DNA it was eagerly taken up by a section of the genealogy fraternity. There was some resistance, but it rapidly gained favor and as research and citizen science was done the genetic genealogy sector was formed.

23AndMe, Inc., AncestryDNA, MyHeritage, Sequencing.com, FTDNA (Family Tree DNA), Verogen, Inc (GEDmatch), DNASolves, MyDNA (Gene by Gene), Living DNA, Geneanet, GenealogyBank.com, FindmyPast, Otter Creek Holdings, L.L.C. (BillionGraves), are the leading players operating in global genetic genealogy market. Companies are increasingly focusing on research and development process to fuel higher growth in the market. In order to meet changing customer, demand several genetic genealogy service providers are coming up with their technologically advanced offerings and new products. Y-DNA and mitochondrial or MT DNA are offered by a few companies; 23andMe (part of autosomal chip), Living DNA (separate to autosomal DNA test).

FT-DNA offers the most complete package for mtDNA as they test Full Sequence and provide accurate haplogroup at USD159. They also offer the most complete Y-DNA testing service and now routinely test 37 and 111 STR markers, and Y700 (formerly Big-Y or Y500). The Y-DNA provides STR (short tandem repeats) data, a Y-DNA haplogroup and terminal SNP (single nucleotide polymorphism) -pronounced "snip". These are expensive tests; Y-37 costs USD119, Y-111 costs USD249 and Y-700 USD449. Y-700 covers 700 STRs and over 200,000 SNPs and so is currently the ultimate test for males wishing to explore their male line inheritance.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7693
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“Market players are investing huge amounts in technological advancements for the existing system which is promoting the adoption of advanced technologies such as artificial intelligence and data science to increase the efficiency and accuracy of the obtained results. The use of big data analytics to trace lineage in genetic genealogy is paving the way for market growth. Also, the surging prevalence of novel genealogical DNA testing products and kits as they are more advanced and provide improved results is contributing significantly to accelerate the global genetic genealogy market growth till 2026.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Genetic Genealogy Market By Test Type (Autosomal DNA Test, Y- chromosome DNA Test, Mitochondrial DNA Test), By Application (Heredity & Genetic Disorders, Paternal/Maternal Lineages, Ancestral Origins, Others), By End User (Direct-to-Consumer Testing Companies, Law Enforcement Agencies, Research Institutes & Academic Organizations, Others), By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of global genetic genealogy market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global genetic genealogy market.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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