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Direct-to-Consumer Genetic Testing Market is Slated to Witness Tremendous Revenue Growth of US$ 7,191.68 million by 2030 - The Insight Partners
Direct-to-Consumer Genetic Testing Market
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There has been a steady paradigm shift from traditional medicine to personalized medicine with increasing scientific knowledge in recent years. This shift is due to advances in genetic engineering, single nucleotide polymorphism (SNP) genotyping, and the high adoption of microarrays and biochip technologies. The introduction of genetic microarray analysis platforms with hundreds of thousands of SNPs will encourage the implementation of advanced algorithms to test for more secluded genealogical relationships more openly between individuals. In addition, the demand for detecting malignant tumors has also increased.
Competitive Landscape: Direct-to-Consumer Genetic Testing Market: Genesis Healthcare Co; Ancestry Genomics Inc; Color Health Inc; Helix Inc; Myriad Genetics, Inc; Living DNA Ltd; 7andMe Inc; Genetic Technologies Ltd; Gene By Gene Ltd; and Full Genomes Corp Inc. are among the leading companies operating in the direct-to-consumer genetic testing market.
SNP chips with high efficiency and accuracy are witnessing an increase in demand due to the constant need for technologically advanced and more sophisticated DTC genetic testing. A high preference for SNP chips can be attributed to their ability to measure dosage changes and DNA polymorphism, along with various applications such as the SNP microarray analysis that are vital for cancer research. Furthermore, an increasing need to minimize errors in DTC genetic testing is expected to drive the adoption of SNP technology, thereby providing an opportunity for the market growth.
The direct-to-consumer genetic testing market has been analyzed and segmented on the basis of test type, technology, distribution channel, and geography. Based on technology, the market is segmented into whole genome sequencing, single nucleotide polymorphism chips, targeted analysis, and others. The single nucleotide polymorphism chips segment held the largest market share in 2022 and is estimated to register the highest CAGR during 2022-2030. Whole genome sequencing is increasingly used in clinical settings to diagnose rare genetic diseases, guide cancer treatment decisions, and predict disease risk.
Chapter Details of Direct-to-Consumer Genetic Testing Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Direct-to-Consumer Genetic Testing Market Landscape
Part 04: Direct-to-Consumer Genetic Testing Market Sizing
Part 05: Direct-to-Consumer Genetic Testing Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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