Press release
Wellness Genomics Market Size Projected To Reach 9.46 Billion By 2034 With A Cagr Of 13.6%
Wellness Genomics
What Is the Projected Growth of the Wellness Genomics Market?
The market size of wellness genomics has seen a steady surge in the recent past. Expected to progress from $4.99 billion in 2024 to $5.68 billion in 2025, the market will enjoy a compound annual growth rate (CAGR) of 13.8%. This notable growth during the historic period has been largely due to aspects like the rise in chronic diseases, heightened awareness about health among consumers, increased demand for personalized health services, a heightened focus on preventive TH*Care, and the expansion of the direct-to-consumer genomics market.
In the TH*Coming years, the wellness genomics market is predicted to experience accelerated growth, expected to reach $9.46 billion in 2029 with a compound annual growth rate (CAGR) of 13.6%. Factors contributing to this growth within the projected period are the growing affordability of testing, an increase in TH*Care investments and disposable incomes, burgeoning interest in personalized nutrition, a rising elderly population, and increasing demand for customized health and wellness. During the prognosis period, market trends include advancements in sequencing technology, AI usage for generating insights, developments in polygenic risk, direct-to-consumer platform improvements, integration of digital health, and an upswing in technological partnerships.
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What Are the Different Wellness Genomics Market Segments?
The wellness genomics market covered in this report is segmented -
1) By Type: Predictive Testing, Consumer Genomics, Other Types
2) By Setting Type: Direct-To Consumer (DTC), Professional
3) By Application: Breast And Ovarian Cancer Screening, Diabetic Screening And Monitoring, Colon Cancer Screening, Alzheimer's Disease, Prostate Cancer Screening, Orthopedic And Musculoskeletal Screening, Other Applications
Subsegments:
1) By Predictive Testing: Nutrigenomics Testing, Fitness Genomics Testing, Disease Susceptibility Testing
2) By Consumer Genomics: Ancestry And Heritage Analysis, Personal Trait Analysis, Direct-To-Consumer (DTC) Wellness Kits
3) By Other Types: Epigenetic Testing, Microbiome And Gut Health Genomics, Pharmacogenomics For Lifestyle Drugs
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What Are the Primary Drivers Shaping the Wellness Genomics Market?
The escalation in personalized medicine requirement is anticipated to bolster the expansion of the wellness genomics market in the near future. Personalized medicine caters to an individual's specific genetic, lifestyle and health factors, providing more accurate and potent results. The rising need for tailored medical treatment, facilitated by advancements in genetic technology, has expedited the development of more targeted and successful therapies. Wellness genomics promotes personalized medicine by providing genetic insight that guides lifestyle adjustments and preventive TH*Care measures according to each person's unique biological attributes. For example, in February 2024, the FDA sanctioned 16 fresh personalized treatments for patients battling rare diseases in 2023, as per the Personalized Medicine Coalition, a non-profit organization based in the US. This was a notable increase from the six approvals given in 2022. Thus, the surging demand for personalized medicine is stimulating the growth of the wellness genomics market.
Which Companies Are Leading in the Wellness Genomics Market?
Major companies operating in the wellness genomics market are Danaher Corporation, Eurofins Scientific SE, BGI Group, Agilent Technologies Inc., Bio-Rad Laboratories Inc., 23andMe Holding Co., Color Health Inc., Variantyx Inc., Segterra Inc., Dante Labs Inc., Pathway Genomics Corporation, NMC TH*Care LLC, Futura Genetics Ltd., Genopalate Inc., OhMyGene Inc., Rootine Labs Inc., Tania Flack Naturopath, Toolbox Genomics Inc., Xcode Life Sciences Pvt. Ltd., GenepoweRx TH*Care Pvt. Ltd., Gx Sciences Inc., Nebula Genomics Inc.
What Wellness Genomics Market Trends Are Gaining Traction Across Different Segments?
Leading firms in the wellness genomics market are concentrating their efforts on creating novel solutions, such as individualized genomics platforms, to deliver bespoke health insights and lifestyle suggestions based on a person's genetic blueprint. An individualized genomics platform is a technology or service that evaluates a person's genetic information to offer personalized health findings and advice. For example, in September 2024, Neuberg Diagnostics Private Limited, a diagnostics service firm from India, introduced Geniee. This personalized genomics platform is designed to offer custom health insights based on a person's genetic composition. Geniee gives thorough genetic tests that explain how a person's genes affect their reactions to medication, diet, exercise, and nutrition. Users can utilize this information to refine their health by developing personalized health plans, detecting risks early, and enhancing treatment plans. The platform's goal is to enable people to proactively manage their health, indicating substantial progress in personalized medicine and preventative TH*Care.
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What Are the Top Revenue-Generating Geographies in the Wellness Genomics Market?
North America was the largest region in the wellness genomics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wellness genomics 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 Wellness Genomics Market?
2. What is the CAGR expected in the Wellness Genomics Market?
3. What Are the Key Innovations Transforming the Wellness Genomics Industry?
4. Which Region Is Leading the Wellness Genomics Market?
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