An Analysis of the Emerging Trends in the Predictive Genetic Testing and Consumer Genomics Market 2022 - 2030 | Abbott, Avellino.com, Labcorp., Mapmygenome, Myriad Genetics, Inc

Predictive genetic testing and consumer genomics are an emerging field that involves the analysis of an individual's DNA to identify their genetic predisposition for various diseases and conditions. This market has been gaining popularity in recent years as genetic testing becomes more accessible and affordable, allowing people to better understand their health risks and take preventative measures.

In terms of revenue, the predictive genetic testing and consumer genomics market was valued at US$ 5,090.4 Mn in 2021 and is expected to reach US$ 16,644.7 Mn by 2030 growing at a CAGR of 14.0% over the forecast period (2022 - 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

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The rising prevalence of chronic diseases and genetic disorders, increasing awareness and acceptance of genetic testing, and advancements in sequencing technologies are the major factors driving the growth of this market. One of the key drivers of this market is the growing interest in personalized medicine, as genetic testing allows healthcare providers to tailor treatments and interventions to an individual's unique genetic makeup. This is particularly relevant in the case of cancer, where genetic testing can help identify specific mutations and guide targeted therapies. Additionally, consumer genomics has gained popularity as people seek to learn more about their ancestry and family history.

However, the predictive genetic testing and consumer genomics market also faces several challenges and limitations. One of the biggest concerns is the potential for genetic discrimination, as individuals with identified genetic risks may face discrimination in employment, insurance, or other areas of life. Privacy concerns are also a significant issue, as genetic data is highly sensitive and personal.

Moreover, the interpretation of genetic test results can be complex and challenging, leading to confusion and anxiety among patients. Additionally, there is limited regulation of direct-to-consumer genetic testing, which raises concerns about the quality and accuracy of tests.

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Major Market Players Profiled in the Predictive Genetic Testing and Consumer Genomics Market Report include:

23andMe, Inc., Abbott, Agilent Technologies, Inc., Avellino.com, BGI, Color Health, Inc., F. Hoffmann-La Roche Ltd, Gene by Gene, Ltd., Illumina, Inc., Labcorp., Mapmygenome, Myriad Genetics, Inc., Quest Diagnostics, Inc., Thermo Fisher Scientific, Other Market Participants

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Our 420+ Pages Report titled, Predictive Genetic Testing and Consumer Genomics Market will include extensive information on the following pointers:

Global market size and forecast values (2015 - 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
Years Considered (2015 - 2030)
(Historic Years: 2015 - 2020
Base Year: 2021
Forecast Years: 2022 - 2030)
Market determinants and Influencing Factors
Market Dynamics (Drivers, Restraints, Opportunities and Trends)
Analysis on Impact of Covid-19 on Global Predictive Genetic Testing and Consumer Genomics Market
Macro-Economic and Micro-Economic Indicators
Porter's Five Forces Analysis
Regulatory Landscape
PESTEL Analysis
Competitive Benchmarking: Global Presence and Growth Strategies
(Mergers and Acquisitions
Product Launches
Investments Trends
R&D Initiatives)
Market Share Analysis, 2021
Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.

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Global Predictive Genetic Testing and Consumer Genomics Market:

By Type
Predictive Testing
Consumer Genomics

By Application
Cardiovascular Diseases
Pregnancy care
Breast and Ovarian Cancer
Prostate cancer
Colon Cancer
Neurogenetics
Ocular Diseases
Diabetic Screening and Monitoring
Hereditary Cancer
Others

By Setting Type
Direct to Consumer (DTC)
Clinics
Hospitals
Others

By Geography
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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