Direct-To-Consumer (DTC) Genetic Testing Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033

"The new report published by The Business Research Company, titled ""Direct-To-Consumer (DTC) Genetic Testing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the direct-to-consumer (DTC) genetic testing market size has grown rapidly in recent years. It will grow from $1.57 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The direct-to-consumer (DTC) genetic testing market size is expected to see rapid growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%.

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Rising Disease Prevalence Spurs Growth In Direct-To-Consumer Genetic Testing Market
The rising prevalence of diseases and disorders with genetic transmission capabilities is expected to propel the growth of the direct-to-consumer (DTC) genetic testing market going forward. Genetic disorder refers to an illness caused by changes (mutation) in a person's DNA and it includes single-gene, multifactorial and chromosomal disorders. Direct-to-consumer genetic testing promotes awareness of various genetic disorders that helps in making predictions about health and provides personalized information about an individual's health, disease risk, and other traits, thus, helps in taking effective health and lifestyle decisions to reduce the disease risk. For instance, according to MedlinePlus, a US-based online information service provided by the United States National Library of Medicine, in 2021, syndrome A is identified in about 1 in 200,000 Americans each year and currently around 100,000 kids suffer from syndrome B, whereas, it is estimated that nearly 12,000 people died globally from syndrome C in 2020 and approximately 1% of people in the United States develop disorder D during their lifetimes. Furthermore, in February 2022, according to the World Health Organization (WHO), a Switzerland-based agency of the United Nations responsible for international public health, birth abnormalities cause 240,000 new-borns to pass away in the first 28 days of life each year and an additional 170,000 children between the ages of 1 month and 5 years die as a result of birth abnormalities which includes heart defects, neural tube defects, and Down syndrome (a genetic disorder). Therefore, the rising prevalence of diseases and disorders with genetic transmission capabilities is driving the growth of the direct-to-consumer (DTC) genetic testing market.

Major Players Bolster Dtc Genetic Testing Market Through Strategic Genetic Research Investments
Major companies operating in the direct-to-consumer (DTC) genetic testing market are focusing on investing in genetic research to sustain their position in the market. Investments provide the necessary financial backing for genetic testing companies to conduct research, enhance technologies, expand market reach, ensure compliance, and drive innovation. For instance, in November 2022, Redcliffe Labs, an India-based diagnostic centers & diagnosis labs, has announced its plan to invest an additional $10 million (around Rs 81 crore) towards the expansion of its genetic and specialized testing portfolio. This investment is intended to further develop the company's genetic testing capabilities, including areas such as prenatal, oncology, neurology, nephrology, and pharmacogenomics. The company has already invested $6 million in genetics and specialized testing coverage and is focused on next-generation technologies in the diagnostics space.

The direct-to-consumer (DTC) genetic testing market covered in this report is segmented -

1) By Type: Carrier Testing, Predictive Testing, Ancestry And Relationship Testing, Nutrigenomic Testing, Other Types
2) By Sample: Saliva, Urine, Blood
3) By Technology: Single Nucleotide Polymorphism Chips, Whole Genome Sequencing, Targeted Analysis
4) By Business Model: Health Planning Model, Comprehensive Genome Tests Model, Medical Precision Tests Model, Restricted Trait Tests Mode
5) By End User: Laboratories, Blood Banks, Nursing Homes, Hospitals, Imaging Centers, Home Care, Cosmetics, Other End-User

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Major companies operating in the direct-to-consumer (DTC) genetic testing market report are Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Konica Minolta, Inc., Genesis HealthCare, Inc., Ancestry.com LLC, Myriad Genetics, Inc., Fulgent Genetics, Inc., Sonora Quest Laboratories LLC, Prenetics Limited, 23andMe Holding Co., Color Health Inc., Living DNA Limited, MyHeritage Ltd., Victorian Clinical Genetics Services, Dante Labs S.r.l., Helix OpCo LLC, Gene by Gene, Ltd., Gene by Gene, Ltd., EasyDNA Ltd., Pathway Genomics Corporation, Full Genomes Corporation, Identigene LLC, Mapmygenome Labs Pvt. Ltd., Positive Bioscience Inc., Xcode Life Sciences Private Limited, 24Genetics S.L., Direct Laboratory Services, LLC, Karmagenes SA, Request A Test Ltd., Any Lab Test Now, LLC

Contents of the report:
1. Executive Summary
2. Direct-To-Consumer (DTC) Genetic Testing Market Report Structure
3. Direct-To-Consumer (DTC) Genetic Testing Market Trends And Strategies
4. Direct-To-Consumer (DTC) Genetic Testing Market - Macro Economic Scenario
5. Direct-To-Consumer (DTC) Genetic Testing Market Size And Growth
…..
27. Direct-To-Consumer (DTC) Genetic Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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