The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Direct-To-Consumer (DTC) Genetic Testing Global Market Report 2023, the direct-to-consumer (DTC) genetic testing market is expected to show significant growth in the forecast period.

The global direct-to-consumer (DTC) genetic testing market is on an upward trajectory, poised to burgeon from $1.35 billion in 2022 to $1.58 billion in 2023, with a compelling compound annual growth rate (CAGR) of 16.5%. Looking ahead, the market is forecasted to reach $2.81 billion in 2027, maintaining a robust CAGR of 15.5%. Explore the key drivers, major players, evolving trends, and market segmentation shaping the landscape of DTC genetic testing.

1. Genetic Insights for Health: Rising Prevalence of Diseases and Disorders

• The direct-to-consumer genetic testing market is fueled by the increasing prevalence of diseases and disorders with genetic transmission capabilities.
• Genetic disorders, encompassing single-gene, multifactorial, and chromosomal disorders, contribute to the rising demand for DTC genetic testing.
• Awareness about genetic disorders empowers individuals to make informed decisions about their health, disease risks, and lifestyle choices.
• Noteworthy statistics include 1 in 200,000 Americans diagnosed with syndrome A annually, 100,000 kids affected by syndrome B, and around 12,000 global deaths from syndrome C in 2020.

*2. Market Leaders: Key Players in DTC Genetic Testing

• Major players shaping the DTC genetic testing market landscape include 23andMe Holding Co., Ancestry.com LLC, and Color Health Inc.
• Other influential contributors comprise Helix, Myriad Genetics Inc., Quest Diagnostics, and various laboratories and genetic services.
• The strategic positioning and innovations by these major players will significantly influence market dynamics.

*3. Technological Vanguard: Advancements in DTC Genetic Testing

• Technological advancement emerges as a key trend in the DTC genetic testing market, with companies focusing on developing cutting-edge solutions.
• Superdrug Stores Plc, a UK-based health and beauty retailer, exemplifies this trend by launching CircleDNA, an advanced home DNA test kit employing next-generation sequencing (NGS) technology.
• CircleDNA’s NGS technology offers whole-exome sequencing, detecting over 90% of cancer mutations, providing actionable insights for health, and empowering individuals to modify their lifestyles.

*4. Segmenting for Precision: Understanding DTC Genetic Testing

The DTC genetic testing market is intricately segmented to provide a nuanced understanding of its diverse facets. These segments include:

• Type: Carrier Testing, Predictive Testing, Ancestry and Relationship Testing, Nutrigenomic Testing, and Other Types.
• Sample: Saliva, Urine, Blood.
• Technology: Single Nucleotide Polymorphism Chips, Whole Genome Sequencing, Targeted Analysis.
• Business Model: Health Planning Model, Comprehensive Genome Tests Model, Medical Precision Tests Model, Restricted Trait Tests Model.
• End User: Laboratories, Blood Banks, Nursing Homes, Hospitals, Imaging Centres, Home Care, Cosmetics, and Other End-Users.

Understanding these distinctions is pivotal for stakeholders aiming to navigate the market effectively, tailor strategies to specific segments, and maximize their impact.

*5. Regional Dynamics: North America Leading, with Global Growth Afoot

• North America secured the largest share in the DTC genetic testing market in 2022, reflecting its prominence in the global landscape.
• The market is anticipated to witness significant growth in the Asia-Pacific region, making it the fastest-growing region in the forecast period.

View More On The Direct-To-Consumer (DTC) Genetic Testing Market Report 2023 – https://www.thebusinessresearchcompany.com/report/direct-to-consumer-dtc-genetic-testing-global-market-report

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 The Direct-To-Consumer (DTC) Genetic Testing Global Market Report 2023  provides an in-depth analysis on the direct-to-consumer (DTC) genetic testing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the direct-to-consumer (DTC) genetic testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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