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Genealogy Products And Services Market Anticipated To Witness Robust Growth, Surpassing $7.94 Billion By 2029
Genealogy Products And Services
What Is the Current Genealogy Products And Services Market Size and Its Estimated Growth Rate?
The genealogy products and services market has grown rapidly in recent years. It is expected to rise from $4.61 billion in 2024 to $5.15 billion in 2025, with a compound annual growth rate (CAGR) of 11.8%. This growth can be attributed to the rising interest in health-related genetic information, media influence, celebrity endorsements, improved marketing strategies, advancements in data analysis, and the increasing popularity of direct-to-consumer genetic testing.
The genealogy products and services market is expected to see rapid growth, reaching $7.94 billion by 2029 at a CAGR of 11.4%. Growth is driven by increasing interest in ancestry and heritage, growing awareness of genetic health risks, expanding genealogical databases, rising popularity of direct-to-consumer genetic testing, and growing interest in health-related genetic information. Key trends include AI integration, blockchain technology, wearable technology integration, expanded genetic databases, and advanced trait analysis.
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How Are Emerging Segments Shaping the Genealogy Products And Services Market Landscape?
The genealogy products and services market covered in this report is segmented -
1) By Category: Family Records, Family Trees, Forums, Cemeteries, Newspapers, Blogs, Deoxyribonucleic Acid (DNA) Testing, Other Categories
2) By Application: Households, Institutions
3) By End-User: Direct-To-Consumer Testing Companies, Law Enforcement Agencies, Research Institutes And Academic Organizations, Other End-Users
Subsegments:
1) By Family Records: Birth Records, Marriage Records, Death Records, Census Records, Immigration and Naturalization Records
2) By Family Trees: Online Family Tree Software, Family Tree Books and Charts, Family Tree Consulting Services
3) By Forums: Genealogy Discussion Forums, Ancestry Group Communities, Online Family Research Forums
4) By Cemeteries: Cemetery Records, Burial and Gravestone Information, Cemetery Plot Searching Services
5) By Newspapers: Obituaries, Historical Newspaper Archives, Local News and Events Archives
6) By Blogs: Personal Genealogy Blogs, Ancestral Research Blogs, DNA Testing Blogs
7) By Deoxyribonucleic Acid (DNA) Testing: Y-DNA Testing, Mitochondrial DNA Testing, Autosomal DNA Testing, Ancestry DNA Testing Kits
8) By Other Categories: Genealogy Software, Historical Research Services, Family History Books and Publications, Genealogical Consultation Services
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Which Growth Factors Are Influencing Genealogy Products And Services Market Expansion?
The growing interest in genetic testing is set to propel the genealogy products and services market. Genetic testing analyzes DNA to detect genetic variations linked to inherited conditions, traits, or ancestral background. The surge in demand is driven by increased awareness of the health and heritage benefits it offers. In genealogy, DNA testing enables individuals to trace their ancestry, discover relatives, and validate lineage. For example, in April 2023, the National Library of Medicine, a US-based government entity, reported that as of November 2022, there were 76,302 active genetic tests globally, with 37,271 available in the US. Thus, the growing interest in genetic testing is advancing the genealogy products and services market.
Who Are the Dominant Players Across Different Genealogy Products And Services Market Segments?
Major companies operating in the genealogy products and services market are Findmypast Limited, Ancestry.com LLC, 23andMe Inc., MyHeritage Ltd., Clooz, Family Tree Maker, Geneanet, Progeny Genealogy, ObitFinder, Geni.com, Family Tree DNA, Gene by Gene Ltd., Legacy Family Tree, GEDmatch, Ancestral Quest, BillionGraves Holdings Inc., Brother's Keeper, Fold3, GenealogyBank.com, Living DNA Ltd., RootsFinder, RootsMagic, WikiTree Inc
What Are the Major Trends Shaping the Genealogy Products And Services Market?
Key players in the genealogy products and services sector are directing their focus towards the innovation of advanced technologies like next-generation sequencing (NGS) tests. These can provide more precise and comprehensive genetic ancestry data, allowing for a richer understanding of family heritage and lineage. NGS test is a next-generation technology that facilitates quick and broader examination of genetic material. As an example, a UK-based company specializing in genetic testing products, Nonacus, launched the GALEAS HereditaryPlus panel in January 2024. This test, which falls under the category of next-generation sequencing, analyses 146 genes consistent with ESMO and AMP guidelines for genetic testing in EU and the US. It also fulfills the UK National Genomics Test Directory's standards for identifying rare and inheritable disorders, such as Lynch syndrome, infrequent hereditary cancers such as phaeochromocytoma, and child cancers like Wilms tumor.
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Which Geographic Regions Are Expected to Dominate the Genealogy Products And Services Market in the Coming Years?
North America was the largest region in the genealogy products and services market in 2023. The regions covered in the genealogy products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Genealogy Products And Services Market?
2. What is the CAGR expected in the Genealogy Products And Services Market?
3. What Are the Key Innovations Transforming the Genealogy Products And Services Industry?
4. Which Region Is Leading the Genealogy Products And Services Market?
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