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Emerging Growth Trends Driving Expansion in the Genealogy Products and Services Market
Genealogy Products And Services
Projected Market Size and Growth Trajectory in Genealogy Products and Services
The genealogy products and services market is set for remarkable expansion, anticipated to reach $7.73 billion by 2029. This growth reflects a strong compound annual growth rate (CAGR) of 10.7%. Factors driving this surge include a heightened consumer interest in exploring heritage and ancestry, growing awareness of genetic health implications, the continuous growth of online genealogical databases, the rising popularity of direct-to-consumer genetic tests, and an increasing focus on health-related genetic information. Among the important trends forecasted are the integration of artificial intelligence (AI), broader adoption of blockchain technology, incorporation with wearable devices, enlargement of global genetic databases, and advancements in analyzing ancestral traits.
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Key Companies Steering the Genealogy Products and Services Market
Several prominent players dominate this sector, including 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, and WikiTree Inc.
A significant move in August 2022 saw US-based Ancestry.com LLC acquire Geneanet for an undisclosed sum. This strategic acquisition aims to improve global family history research by combining Geneanet's vast European user community and free family tree platform with Ancestry's extensive historical records and large subscriber base. Additionally, it accelerates the digitization of French historical documents, making it easier for individuals with French ancestry worldwide to connect. Geneanet is headquartered in France and specializes in family tree hosting and DNA genealogy services.
View the full genealogy products and services market report:
https://www.thebusinessresearchcompany.com/report/genealogy-products-and-services-global-market-report
Emerging Trends Shaping the Genealogy Products and Services Market
Leading companies in this market are increasingly focusing on developing sophisticated technologies such as next-generation sequencing (NGS) tests. These advanced DNA sequencing techniques provide more detailed and accurate insights into genetic ancestry, allowing users to gain a deeper understanding of family lineage and heritage. NGS technology offers rapid and comprehensive analysis of genetic material, greatly enhancing the precision of ancestry research.
For example, in January 2024, Nonacus, a UK-based genetic testing firm, introduced the GALEAS HereditaryPlus panel. This NGS test covers 146 genes and adheres to genetic testing guidelines from the European Society for Medical Oncology (ESMO) and the Association for Molecular Pathology (AMP) in both the EU and USA. It aligns with the UK's National Genomics Test Directory standards and is designed to detect rare inherited conditions, including Lynch syndrome, uncommon hereditary cancers like phaeochromocytoma, and pediatric cancers such as Wilms tumor.
Main Segments Within the Global Genealogy Products and Services Market
The market for genealogy products and services is divided into several categories:
By Category:
- Family Records
- Family Trees
- Forums
- Cemeteries
- Newspapers
- Blogs
- Deoxyribonucleic Acid (DNA) Testing
- Other Categories
By Application:
- Households
- Institutions
By End-User:
- Direct-To-Consumer Testing Companies
- Law Enforcement Agencies
- Research Institutes and Academic Organizations
- Other End-Users
Further subcategories include:
Family Records split into birth, marriage, death, census, and immigration/naturalization records; Family Trees consisting of online software, books and charts, and consulting services; Forums covering genealogy discussion groups, ancestry communities, and family research forums; Cemeteries encompassing burial records, gravestone information, and plot searching services; Newspapers including obituaries, historical archives, and local news; Blogs featuring personal genealogy, ancestral research, and DNA testing topics; DNA Testing segmented into Y-DNA, mitochondrial DNA, autosomal DNA, and ancestry DNA testing kits; and Other Categories such as genealogy software, historical research services, family history publications, and genealogical consulting.
This detailed segmentation highlights the diverse offerings within the genealogy products and services market, catering to a wide range of consumer needs and professional uses.
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