Definition of the Global Direct-To-Consumer (DTC) Genetic Testing Market:
Genetic testing refers to medical procedures that examine alterations in genes, chromosomes, or proteins in an effort to either confirm or disprove the existence of a genetic disorder or to estimate a person’s propensity to do so. Through direct-to-consumer genetic testing, customers may be able to receive genetic tests with little or no participation from a third-party healthcare professional. Online or printed advertisements are used to offer direct-to-consumer genetic testing kits to potential customers. DTC genetic testing became available in the early 2000s, enabling consumers to collect genetic data without a doctor’s assistance. The exams can be purchased offline or online through distribution outlets.
Industry Overview
Direct-to-Consumer Genetic Testing Market size surpassed USD 1.4 billion in 2021 and is expected to witness 15.3% CAGR from 2022 to 2028.
The DTC genetic testing industry is fragmented in nature with few dominant players and other small start-up companies providing superior quality DTC tests at lower costs that will resolve affordability issues and impact the market growth positively. COVID-19 pandemic positively impacted direct-to-consumer genetic testing market. As, amid pandemic, technology improvements have paved ways for new business opportunities in direct-to-consumer genetic testing. The rapid expansion of the direct-to-consumer genetic testing is aided by the rise in the frequency of chronic diseases and the introduction of personalized testing kits for niche therapeutic areas.
The Direct-To-Consumer (DTC) Genetic Testing market report is provided here in USD Million. The report will render insightful data related to growth rates represented in terms of CAGR % during the projected years. The report will discuss strategies to adopt post COVID-19, along with a complete analysis of growth factors, types, applications, imminent challenges, competitive landscape, key trends to watch, PEST analysis, and the overall market dynamics. The primary intent of Direct-To-Consumer (DTC) Genetic Testing market report is to analyze the impact of COVID-19 on the market and opportunities to leverage on in the future. The Direct-To-Consumer (DTC) Genetic Testing market research study examines the market performance for top 20 countries along with understanding growth potential in these nations.
For More Insights, Download Sample Copy of this Report: https://healthcaremarketreports.com/sample-request/direct-to-consumer-(dtc)-genetic-testing-market/64/
Market Segmentations are as follows,
Top Key Players:
Color Genomics, Inc.
Xcode Life Sciences
Mapmygenome India Limited
Counsyl, Inc.
Ancestry.com, LLC
Laboratory Corporation of America® Holdings
Sonora Quest Laboratories LLC
Positive Bioscience, Inc.
Any Lab Test Now
Gene by Gene, Ltd.
Quest Diagnostics, Inc.
23andMe, Inc.
Request A Test, Ltd.
Direct Laboratory Services, LLC
By Types:
Carrier Testing
Predictive Testing
Ancestry & Relationship Testing
Nutrigenomics Testing
By Applications:
Hospital
Doctors Office
Other
By Countries:
United States
Canada
Germany
UK
France
Italy
Spain
Russia
China
Japan
South Korea
Australia
Thailand
Brazil
Argentina
Chile
South Africa
Egypt
UAE
Saudi Arabia
The global healthcare industry has been growing at a CAGR of around 5% and is expected to deliver even more in the future. The healthcare business is expanding at a steady rate and is expected to move up the growth scale in the future. The healthcare business is comprised of several main areas, including healthcare services and facilities, hospital supplies, medical equipment, pharmaceuticals, and drugs, and we provide comprehensive information on these sectors with the highest precision.
Healthcare organizations are now working in a dynamic environment, undergoing seismic transformations as a result of the introduction of innovative medical treatments and increased internet usage. This, along with unparalleled online access to astounding amounts of information, has made astute patients more careful. As a result, the demand for smart, affordable, and tailored healthcare services has surged. The COVID-19 pandemic has further resulted in higher demand for healthcare and related products & services further strengthening the performance of overall healthcare industry.
Buy Now this Premium Report to Grow your Business: https://healthcaremarketreports.com/purchase/direct-to-consumer-(dtc)-genetic-testing-market/64/?license=single
FAQs:
- What is the driving factor for the growth of this market?
- How will the COVID-19 pandemic impact the demand and consumption of this market?
- What is the major application area of this market?
- Who are the manufacturers of this market across the globe?
- Which geographical location is dominant in this market?
- Which are the top industry players in this market?
About Us:
The healthcare industry is surely facing disruptions with global economies giving high importance to individual health. In this scenario, we expect our clients to get deep insights to power their innovations in the right direction. We have been keeping a close watch on the changes and modifications happening in the healthcare domain. As per our understanding, these alterations are active and unexampled.