DTC Genetic Testing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW
A genetic test you can complete at home without a health care provider. Direct-to-consumer genetic testing provides people access to their genetic information without necessarily involving a healthcare provider. It can avoid the direct contact of the people with the practitioners. Also, it can maintain the privacy of the people undergoing the tests.

MARKET SCOPE
The "Global DTC Genetic Testing Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the DTC Genetic Testing market with detailed market segmentation by drug class and distribution channel. The report provides key statistics on the market status of the leading DTC Genetic Testing market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on test type the market is segmented as, carrier testing, predictive testing, ancestry and relationship testing, and nutrigenomics testing.
  
•   Based on distribution channels the market is segmented as, online platform and over the counter.
  
•   Based on technology the market is segmented as, targeted analysis, single nucleotide, polymorphism (SNP) chips, and whole genome sequencing (WGS).
  

MARKET DYNAMICS
Drivers:

•   Rising prevalence of genetic disorders.
  
•   Increasing need for genetic analysis.
  
•   Rising popularity of DTC genetic testing is expected to spur the market.
  

Restraints:

•   Inconclusive or uncertain results from DTC genetic testing.
  
•   Negative impact on family and personal relationships.
  
•   Whereas, high cost of test is expected to restrain market growth during the forecast period.
  

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The DTC Genetic Testing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the DTC Genetic Testing market in these regions.

IMPACT OF COVID-19 ON DTC GENETIC TESTING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

DTC Genetic Testing Market Report Analysis

DTC Genetic Testing Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Ancestry
• Color Genomics
• Easy DNA
• Familytree DNA (Gene By Gene)
• Full Genome Corporation
• Helix OpCo LLC
• Identigene
• Karmagenes
• Living DNA

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Test Type

• Carrier Testing
• Predictive Testing
• Ancestry and Relationship Testing
• Nutrigenomics Testing

By Distribution Channel

• Online Platforms
• Over-the-Counter

By Technology

• Targeted Analysis
• Single Nucleotide Polymorphism Chips
• Whole Genome Sequencing

MARKET PLAYERS
The report covers key developments in the DTC Genetic Testing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from DTC Genetic Testing market are anticipated to lucrative growth opportunities in the future with the rising demand for DTC Genetic Testing in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the DTC Genetic Testing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ANCESTRY
  
•   COLOR GENOMICS
  
•   EASY DNA
  
•   FAMILYTREE DNA (GENE BY GENE)
  
•   FULL GENOME CORPORATION
  
•   HELIX OPCO LLC
  
•   IDENTIGENE
  
•   KARMAGENES
  
•   LIVING DNA
  
•   MAPMYGENOME
  
•   MY HERITAGE
  
•   PATHWAY GENOMICS
  
•   GENESIS HEALTHCARE
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

DTC Genetic Testing Market Report Scope