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Direct-to-consumer Relationship Genetic Tests Market Size, Share & Trends Analysis Report by Technology, By Product, By Application, And Segment Forecasts, 2022 - 2028

02-15-2022 11:02 AM CET | Health & Medicine

Press release from: Market Insights Reports

The Direct-to-consumer Relationship Genetic Tests Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Direct-to-consumer Relationship Genetic Tests market growth.

The Global Direct-to-consumer Relationship Genetic Tests Market Size is Projected to Reach at a CAGR of 13% during 2022-2028.

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Market Overview:

Genetic testing refers to medical tests that analyze changes in genes, chromosomes, or proteins to rule out a suspected genetic condition or help to determine an individual's chance of developing one. Direct-to-consumer genetic testing is a way of providing genetic tests to consumers with zero or partial involvement of an independent healthcare provider. Direct-to-consumer genetic testing kits are marketed directly to consumers via the internet or printed advertisements. The tests are bought either through online or in-store distribution channel.Growing awareness among general people about the availability of direct-to-consumer genetic tests in developed as well as developing nations will fuel the market growth over the projected timeline. Notable industry participants such as 23andMe, and Ancestry have channelled their focus on developing superior quality direct-to-consumer genetic testing solutions. These tests ensure to provide efficient and accurate genetic test results.

Top Leading Companies:

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

Some of the recent industry developments:
In July 2018, 23andme collaborated with GlaxoSmithKline (GSK). This collaboration enabled the company to discover therapeutics to further treat genetic diseases, that eventually expanded company's share in the direct-to-consumer genetic testing.
 
In November 2018, Helix announced launch of its new product, DNA discovery kit, that allows customer to explore about their ancestry. This development has expanded company's product portfolio, thereby increasing firm's market share.

Direct-to-consumer Relationship Genetic Tests Market Segmentation by Type:

Siblings DNA Test
Grandparentage Test
Genetic Reconstruction Test
Other

Direct-to-consumer Relationship Genetic Tests Market Segmentation by Application:

Online
Offline

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North America DTC genetic testing market held substantial revenue share

North America DTC genetic testing market held substantial revenue share in 2022 and will witness around 12% CAGR during the analysis period. Regional growth is primarily attributed to changing outlook of consumers towards genetic testing and increasing expenditure. The ample amount of disposable income allows consumers to spend more on direct-to-consumer genetic testing such as ancestral and nutrigenomics tests, thereby propelling the regional growth.   Moreover, presence of major industry players in the region and increasing technological advancements will boost the regional market growth. Increasing prevalence of genetic diseases is another factor that positively impacts the direct-to-consumer genetic testing market.

Regional Direct-to-consumer Relationship Genetic Tests Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
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 additional.

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Frequently Asked Questions:

What are the key factors driving Direct-to-consumer Relationship Genetic Tests market expansion?
What will be the value of the Direct-to-consumer Relationship Genetic Tests market during 2022- 2028?
Which region will make notable contributions towards Direct-to-consumer Relationship Genetic Tests market revenue?
What are the key players leveraging Direct-to-consumer Relationship Genetic Tests market growth?

Highlights of the Direct-to-consumer Relationship Genetic Tests Market Report:

Detailed overview of Direct-to-consumer Relationship Genetic Tests Market
Changing the Direct-to-consumer Relationship Genetic Tests market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Direct-to-consumer Relationship Genetic Tests market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Direct-to-consumer Relationship Genetic Tests Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

Finally, the Direct-to-consumer Relationship Genetic Tests Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Direct-to-consumer Relationship Genetic Tests industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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The database is running updated by a group of research experts to always reflect the latest trends and information.

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