Consumer Genomics Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | 23andMe Inc., Gene by Gene Ltd., Mapmygenome Ltd., Ancestry.com LLC

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Consumer Genomics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $7.27 billion In 2028 At A CAGR Of 20.3% :

The consumer genomics market size has grown rapidly in recent years. It will grow from $2.9 billion in 2023 to $3.48 billion in 2024 at a compound annual growth rate (CAGR) of 19.9%. The growth in the historic period can be attributed to sequencing cost reduction, introduction of direct-to-consumer testing, pioneering companies in consumer genomics, data privacy and security concerns, initial adoption challenges.

The consumer genomics market size is expected to see exponential growth in the next few years. It will grow to $7.27 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to expanded genetic data pool, increasing demand for disease risk assessment, integration with wearable devices, shift toward preventive healthcare, expansion of genetic counseling services. Major trends in the forecast period include focus on genetic counseling services, price reduction in sequencing, rise in personalized medicine, direct-to-consumer testing demand, health and wellness awareness.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=10621&type=smp

Consumer Genomics Market Major Segments
The consumer genomics market covered in this report is segmented -

1) By Product: Consumables, Systems And Software, Other Products
2) By Technology: Polymerase Chain Reaction (PCR), Sequencing, Microarray, Nucleic Acid Extraction And Purification
3) By Application: Genetic Relatedness, Diagnostics, Lifestyle, Ancestry, Wellness And Nutrition, Reproductive Health, Personalized Medicine And Pharmacogenetic Testing, Sports Nutrition And Health, Other Applications

Key Driver - Increasing Applications Of Dtc Genomics Drive Growth In Consumer Genomics Market

The growing applications of DTC genomics in diagnostics, genetic relatedness, sports nutrition and personalized medicines are expected to propel the growth of the consumer genomics market going forward. Direct-to-consumer (DTC) genomics test kits are tests that individuals can purchase and use at home to learn more about their genetic makeup and potential health risks. For instance, in February 2022, the journal published by the AlphaBiolabs, a UK-based company that provides a range of DNA testing services, including paternity testing, ancestry testing, and drug and alcohol testing, published that the demand for prenatal paternity genomics testing surged by 47.0% in 2021 compared to the pre-pandemic days. Therefore, the growing applications of DTC genomics in diagnostics, genetic relatedness, sports nutrition and personalized medicines is driving the growth of the consumer genomics market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=10621&type=smp

Prominent Trend - Technological Advancements Propel Growth In Consumer Genomics Market

Technological advancements are the key trend gaining popularity in the consumer genomics market. Major companies involved in the consumer genomics market are focused on technology advancements and innovating new products to improve their observation power and sustain their position in the market. For Instance, in June 2021, QIAGEN, a Netherlands-based provider of sample and assay technologies for molecular diagnostics, applied testing, academic, and pharmaceutical research, announced the release of the QIAprep& CRISPR Kit and Q-Primer Solutions, which enable researchers to analyze edited genetic material with unprecedented speed and efficiency to determine how their interventions have changed the function of the DNA sequence. Kit and remedies combine liquid-based sample preparation, downstream PCR detection, and DNA sequencing using the Sanger technique.

Consumer Genomics Market Players
Major companies operating in the consumer genomics market report are 23andMe Inc., Gene by Gene Ltd., Mapmygenome Ltd., Ancestry.com LLC, Color Genomics Inc., Futura Genetics LLC, Pathway Genomics Corporation, Helix Operating Company LLC, Positive Biosciences Corporation, Veritas Genetics Inc., Illumina Inc., MyHeritage Ltd., Myriad Genetics Inc., Amgen Inc., Diagnomics Inc., Toolbox Genomics Inc., Xcode Life Sciences Inc., CircleDNA Inc., DNAfit Ltd., 24Genetics S.L.U., Living DNA Ltd., SelfDecode Inc., MyTrueAncestry Inc., WeGene Technology Co. Ltd., EasyDNA LLC, HomeDNA Inc., Gencove Inc., GenoMind Inc., Genos Inc., Nebula Genomics Corporation, Strategene Corporation

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/consumer-genomics-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the consumer genomics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global consumer genomics market report during the forecast period. The regions covered in the consumer genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Consumer Genomics Market Report Structure
3. Consumer Genomics Market Trends And Strategies
4. Consumer Genomics Market - Macro Economic Scenario
5. Consumer Genomics Market Size And Growth
…..
27. Consumer Genomics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.