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At 19% CAGR, Global Direct to Consumer Genetic Testing Market Size to Surpass USD 2400 million by 2026 - Industry Trends, Share, Growth, Analysis & Forecast Report by Facts & Factors
Research conducted by Facts and Factors and published in their report titled "Direct to Consumer Genetic Testing Market By Test Type (Carrier Testing, Predictive testing, Ancestry & relationship testing, and Nutrigenomics testing), and By Technology (Targeted analysis, Single nucleotide, Polymorphism chips, and Whole genome sequencing): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, and Current Trends It is estimated that the market would expand at a compound annual growth rate of 19% and will reach approximately 2,400 million USD by the year 2026.๐๐๐๐ ๐๐๐ญ๐๐ข๐ฅ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง@https://www.fnfresearch.com/direct-to-consumer-genetic-testing-market-by-test-718
Some of the essential players operating in the Direct to Consumer Genetic Testing market, but not restricted include
ancestry
EasyDNA
23andMe
Color
Family Tree DNA
Pathway Genomics
Full Genomes
Genesis HealthCare
Helix
Karmagenes
MapMyGenome
Identigene
Living DNA
Direct-to-consumer testing, sometimes known as DTC testing, is a method of promoting genetic testing to consumers that do not include the direct participation of a health practitioner. It is anticipated that an increase in the prevalence of the direct-to-consumer genetic testing industry will drive the global development of major early detection and cancer prevention technologies as well as other genetic diseases in the coming years. This will be combined with the development of genetic and rare diseases. Increased knowledge of early diagnosis among patients will lead to prompt care, which in turn will lead to a reduction in mortality rates. In the process of direct genetic testing, technical advances are more critical factors since they promote efficiency, high sensitivity, and precision.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ง ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ @https://www.fnfresearch.com/sample/direct-to-consumer-genetic-testing-market-by-test-718
A significant driving force behind direct-to-consumer genetic testing will be the expanding market for individualized and superior medical solutions in developing countries. Customers are able to receive helpful concepts regarding their genetic information through the use of DTC testing, which requires little to no intervention from medical specialists.
The recent regulatory approval for a number of different tests had been a significant factor in the explosive growth of the market. In addition, the price of the process of sequencing the genome had dropped, which made the genetic test very inexpensive. This, in turn, led to an increase in the number of genetic tests that were ordered. However, the companies that provide these services are becoming more concerned with the security of their customer's data and the scientific validity of their findings; this has the potential to slow the growth of the Direct to Consumer Genetic Testing market over the next several years.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/inquiry/direct-to-consumer-genetic-testing-market-by-test-718
In 2019, the nutrigenomics testing segment held a significant share of the global direct-to-consumer genetic testing market; the segment accounted for approximately 190 million USD and is expected to witness robust growth throughout the forecast period. The market was broken down based on the test type. The expansion of the market is being driven in large part by many major factors, including the rising demand for individualized meals and the widespread motivation to maintain a healthy lifestyle.
This report segments the Direct to Consumer Genetic Testing market as follows:
Global Direct-to-Consumer Genetic Testing Market: By Test Type Segmentation Analysis
Carrier testing
Predictive testing
Ancestry & relationship testing
Nutrigenomics testing
Global Direct-to-Consumer Genetic Testing Market: By Technology Segmentation Analysis
Targeted Analysis
Single nucleotide
Polymorphism chips
Whole genome sequencing
๐๐๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/customization/direct-to-consumer-genetic-testing-market-by-test-718
Global Direct-to-Consumer Genetic Testing Market: Regional Segmentation Analysis
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
The U.S.
Canada
๐๐ฎ๐ซ๐จ๐ฉ๐
Germany
The UK
France
Spain
Italy
Rest of Europe
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
๐๐๐ญ๐ข๐ง ๐๐ฆ๐๐ซ๐ข๐๐
Brazil
Mexico
Rest of Latin America
๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ & ๐๐๐ซ๐ข๐๐
GCC
South Africa
Rest of the Middle East & Africa
๐๐๐๐ ๐๐ฎ๐ฒ๐ง๐จ๐ฐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง@https://www.fnfresearch.com/buynow/su/direct-to-consumer-genetic-testing-market-by-test-718
The following are some of the most important aspects covered in the report on the Direct to Consumer Genetic Testing Market:
Players in the competitive arena and market share
Structure of the market: an overview
Growth inducing factors and limiting factors
Analysis Using Porter's Five Factors
SWOT Analysis
Forecasts and trends in the market
Market subcategories and projections
Emerging trends
Opportunities for expansion.
Additionally, the Research Report Investigates
Companies and manufacturers that are competitive in the worldwide market
Depending on the Type of Product, the Applications, and the Growth Factors
The current state of the industry as well as projections for the major applications, end users, and usage areas
We appreciate you taking the time to read this article; if you'd prefer, you may also download specific chapter-wise sections or region-wise report editions like those for North America, Europe, or Asia.
Facts & Factors
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Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction in our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
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