openPR Logo
Press release

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
Customers can also request for 10% free customization on this report.

“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.

Browse Related Reports

Global Genome Editing Market, By Technique (CRISPR, TALENs, Zinc Finger Nucleases, Others), By Application (Cell Line Engineering, Animal Genetic Engineering, Plant Genetic Engineering, Others), By Delivery Method (Ex-vivo, In-vivo), By End User (Pharmaceutical & Biotechnology Companies, Clinical Research Organization, Research Institutes), By Region, By Company, Forecast & Opportunities, 2026
https://www.techsciresearch.com/report/genome-editing-market/4542.html

Global Molecular Diagnostics Market By Product & Services (Reagents and Kits, Instruments, Services and Software), By Application (Infectious disease, Blood screening, Genetic testing, Oncology testing), By Technology (PCR, In-situ hybridization, Chips and microarrays, Mass spectrometry, Sequencing, Others), By End User (Hospitals, Academic & Reference Laboratories, Others), By Region, Competition Forecast & Opportunities, 2026
https://www.techsciresearch.com/report/molecular-diagnostics-market/7463.html

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.

Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Web: https://www.techsciresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release North America to Dominate the Global Genetic Genealogy Market with a CAGR of 7.99% till 2026 here

News-ID: 2464625 • Views:

More Releases from TechSci Research

Small Arms and Light Weapons Market to Grow at 6.59% CAGR Through 2029 - TechSci Research
Small Arms and Light Weapons Market to Grow at 6.59% CAGR Through 2029 - TechSci …
"Military modernization initiatives worldwide drive demand for advanced and modular SALW, emphasizing technological innovation are the factors driving Small Arms and Light Weapons market in the forecast period 2025-2029." According to TechSci Research report, "Small Arms and Light Weapons Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029", The Global Small Arms and Light Weapons Market stood at USD 13.75 Billion in 2023 and is anticipated to grow
Anticipating Growth: Luxury Sunglasses Market to Reach US$ 14.86 Billion with a 4.2% CAGR by 2029 | TechSci Research
Anticipating Growth: Luxury Sunglasses Market to Reach US$ 14.86 Billion with a …
TechSci Research's report on the "Global Luxury Sunglasses Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029" reveals that the market reached USD 14.86 billion in 2023, projecting a 4.2% CAGR from 2025 to 2029. This market segment thrives within the broader eyewear industry, offering high-end, premium sunglasses to discerning consumers seeking exclusivity and sophistication. Driven by evolving fashion trends, increasing disposable incomes, and growing brand consciousness, the
Tea Bar Machine Market Projected to Achieve USD 1.54 Billion by 2028 | Insights from TechSci Research Report
Tea Bar Machine Market Projected to Achieve USD 1.54 Billion by 2028 | Insights …
TechSci Research's report, "Global Tea Bar Machine Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," states that the market reached USD 1.54 billion in 2022, with an expected 10.45% CAGR in the forecast period 2024-2028. The dynamic Tea Bar Machine Market experiences significant global growth, driven by changing consumer preferences for healthier, customizable beverages. Embracing technological advancements, including smart features and sustainability, the market meets commercial establishments'
Electrolyte Drinks Market Projected to Reach USD 1.43 Billion with a Remarkable 4.25% CAGR by 2028, Featuring Size, Share, Trends, Growth, and Revenue Outlook
Electrolyte Drinks Market Projected to Reach USD 1.43 Billion with a Remarkable …
According to TechSci Research's "Global Electrolyte Drinks Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," the market reached USD 1.43 billion in 2022, with an expected 4.25% CAGR in the forecast period 2024-2028. The global electrolyte drinks market has transformed into a dynamic sector within the beverage industry, experiencing substantial growth driven by increased awareness of hydration importance, a health-conscious consumer base, and preferences for functional beverages.

All 5 Releases


More Releases for DNA

AUTUMN DNA Reviews: Here are what TOP CONSUMERS say about the AUTUMN DNA
As a human, there are some specific vitamins and nutrients required by your body to run efficiently. Without those vitamins and nutrients, you may encounter issues such as body weakness, fatigue, headaches, and an imperiled immune system in general. This sets you at the risk of getting ill, and in some cases, leads to the development of chronic conditions. With that said, they are not the only reasons why you should
DNA Paternity Testing Market Trends 2020 | Growth by Top Companies: DNA Diagnost …
The report begins with the overview of the DNA Paternity Testing Market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that gives closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behaviour, pricing factors and market performance and estimation. The forecast market information, SWOT analysis, DNA Paternity Testing market scenario, and feasibility study are
DNA Paternity Testing Market Rapidly Growing in Healthcare, Competitor Analysis …
The exclusive research report on the Global DNA Paternity Testing Market 2020 examines the market in detail along with focusing on significant market dynamics for the key players operating in the market. Global DNA Paternity Testing Industry research report offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe. Overview of Global DNA Paternity Testing Market: This report studies the Global DNA Paternity Testing
DNA Testing Kits Market Progresses for Huge Profits by 2025 | Top Players- Ances …
Orian Research recently published a latest research report titled “Global DNA Testing Kits Industry 2019” which highlights top companies, DNA Testing Kits market segmentation by Types, Application and market division based on Geographical Locations. The DNA Testing Kits research report primarily focuses on providing in-depth research analysis and forecast for DNA Testing Kits Market from 2019 to 2025. Get Sample Copy at https://www.orianresearch.com/request-sample/965177 Global DNA Test Kits Market: Key Drivers and
DNA Testing Services Market 2019-2025: Statistics Influencing the Industry- MyHe …
DNA Testing Services Market report is based on present industry situations, market demands, business strategies utilized by prominent players involved in this market along with their growth synopsis. This report has been segmented into types, applications and regions. The report also comprises major drivers boosting this market. DNA Testing Services market worth about XX million USD in 2018 and it is expected to reach YY million USD in 2025 with
DNA Sequencing Market: DNA Sequencing Industry is Expected to Penetrate the Clin …
The global DNA sequencing market is forecast to grow to $6.6 billion over the year 2016 at the compounded annual growth rate of 17.5% as a result of emerging technologies in this field and its use in a number of applications. DNA sequencing industry is segmented into instruments and consumables, services, and workflow products. Instruments and consumables segment are the rapidly emerging segments accounting for about $2.2 billion by the year