Global Direct-to-Consumer (DTC) Genetic Testing Market Analysis Report 2023-2030: AI Integration in DTC Genetic Testing, A New Dimension for Market Expansion

DUBLIN, Aug. 30, 2023 /PRNewswire/ -- The "Direct-to-Consumer (DTC) Genetic Testing: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Direct-to-Consumer (DTC) Genetic Testing Market to Reach $3.2 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Direct-to-Consumer (DTC) Genetic Testing estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$3.2 Billion by 2030, growing at a CAGR of 13.9% over the analysis period 2022-2030.

Ancestry & Relationship Testing, one of the segments analyzed in the report, is projected to record a 11.1% CAGR and reach US$1.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Nutrigenomics Testing segment is readjusted to a revised 15.3% CAGR for the next 8-year period.

The Direct-to-Consumer (DTC) Genetic Testing market in the U.S. is estimated at US$478.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$269.8 Million by the year 2030 trailing a CAGR of 16.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.8% and 14.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR. The global genetic testing landscape encompasses various segments, including Ancestry & Relationship Testing, Nutrigenomics Testing, Predictive Testing, Carrier Testing, and more.

Analysis of annual revenues and percentage CAGR across multiple geographic regions, including USA, Canada, Japan, China, Europe, Asia-Pacific, and the Rest of the World, is presented. A 15-year perspective reveals the percentage breakdown of value revenues for specific years, reflecting market trends and dynamics. This comprehensive assessment offers insights into the evolving genetic testing market.

MARKET OVERVIEW

• A Prelude to Genetic Testing
• Top Ten Genetic Diseases Worldwide
• Different Types of Genetic Tests include
• List of Genetic Disorders by Event, Genetic Manifestation and Prevalence
• Direct-to-Consumer (DTC) Genetic Testing - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• A Prelude to Direct-to-Consumer (DTC) Genetic Testing
• Pros and Cons of Direct-to-Consumer (DTC) Genetic Testing
• Health Information provided by DTC genetic Tests
• DTC Genetic Tests' Limitations
• Market Segments
• Ancestry Tests
• Predictive Tests
• Carrier Tests
• Nutrigenomics Tests
• Impact of Covid-19 on Market Prospects of DTC Genetic Testing Companies
• Market Prospects and Outlook
• US and Europe Dominate the Global DTC Genetic Tests Market
• Ancestry Testing Holds Major Share, Predictive Testing Witnesses Rapid Growth
• Competitive Scenario
• Recent Market Activity
• Changing Landscape of DTC Genetic Testing
• Regulations to Determine Market Viability
• US FDA Regulations for DTC Genetic Testing
• Data Privacy Concerns to Challenge Market Prospects

MARKET TRENDS & DRIVERS

• Consumers Self-Managing Treatments: The New Trend Driving the DTC Genetic Testing Market
• DTC Genetic Testing Players Join War against COVID-19
• DTC Genetic Tests for Cancer Susceptibility
• Worldwide Breast Cancer Incidence and Mortality Rates by Region: 2018
• Advances in Genome Sequencing
• Next-Generation Sequencing (NGS) Aids DTC Genetic Testing Market
• DTC Genetic Testing Presents Lucrative Personalization Opportunities
• Growing Focus on Service Personalization Generates Opportunities for DTC Genetic Tests
• Immense Popularity of Ancestry Testing
• Emergence of DNA-based Nutrition Plans Put the Spotlight on DTC Nutrigenetics Testing
• Biomarker Discovery Leads to Advanced Genetic Testing
• Select List of Available Tumor Markers
• Hybrid Approach of Genetic Testing to Bridge Gap Between Traditional and DTC Models
• Oncology - A Key Focus Area for Genetic Testing
• Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
• Ageing Demographics to Drive Demand for Genetic Testing
• Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
• Increased Demand for Online Sales of DTC Genetic Tests
• Use of Artificial Intelligence Adds Value to DTC Genetic Testing Market

FOCUS ON SELECT PLAYERS (Total 81 Featured)

• 23andMe, Inc.
• Ancestry.com, LLC
• Any Lab Test Now
• Color Health, Inc.
• Direct Laboratory Services, LLC
• DNA Diagnostics Center
• Easy DNA
• Full Genomes Corporation, Inc.
• Gene by Gene, Ltd.
• Genesis Healthcare
• Helix OpCo LLC
• Laboratory Corporation of America Holdings
• Living DNA
• Mapmygenome India Limited
• MyHeritage
• OmeCare
• Positive Bioscience, Inc.
• Quest Diagnostics, Inc.
• Request A Test, Ltd.
• Sonora Quest Laboratories LLC
• Xcode Life Sciences

For more information about this report visit https://www.researchandmarkets.com/r/l8o3gz

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