Analyzing the Future of Genealogy Products And Services Market Dynamics 2025-2034: Growth Rate, Trends, and Major Opportunities
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What is the Future CAGR of the Genealogy Products And Services Market, and How Will It Impact Industry Expansion?
In recent years, the size of the genealogy products and services market has seen swift expansion. The market’s size is predicted to surge from $4.61 billion in 2024 to an estimated $5.15 billion in 2025, showcasing a compound annual growth rate (CAGR) of 11.8%. The notable growth in the past can be credited to factors such as increased curiosity in health-related genetic data, fame impact, exposure in the media, heightened marketing and awareness drives, advancements in data analysis algorithms, and a surge in the popularity of direct-to-consumer genetic testing.
The market for genealogical products and services is predicted to experience rapid expansion in the coming few years. It’s projected to rise to $7.94 billion in 2029, with a compound annual growth rate (CAGR) of 11.4%. This growth within the projected timeframe can be ascribed to the rise in consumer curiosity about their ancestry and heritage, greater understanding of genetic health hazards, the broadening of online genealogical databases, increased demand for direct-to-consumer genetic testing, and a rising interest in health-related genetic data. Key trends for the forecast period are anticipated to feature the inclusion of artificial intelligence (AI), the broadening application of blockchain technology, integration with wearable tech, the growth of worldwide genetic databases, and the progress in ancestral trait analysis.
What Are the Primary Drivers Supporting the Growth of the Genealogy Products And Services Market?
The increasing interest in genetic testing is predicted to drive the expansion of the genealogy products and services market. Genetic testing is a process that examines DNA for alterations or discrepancies that may signify genetic disorders, ancestry, or other characteristics. The popularity of genetic testing is on the rise due to the growing awareness of its potential health and ancestry benefits. Genetic testing enhances genealogy by offering individuals a deeper understanding of their ancestral routes, linking them with family members, and confirming genealogical history through DNA examination. For example, the National Library of Medicine, a government entity in the United States, stated in April 2023 that there were 76,302 ongoing genetic tests worldwide and 37,271 in the United States in November 2022. Consequently, the escalating demand for genetic testing is fueling the growth of the genealogy products and services market.
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What Are the Top Market Players Propelling the Growth of the Genealogy Products And Services Industry?
Major companies operating in the genealogy products and services market are:
• F. Hoffmann-La Roche Ltd._x000D_
• Thermo Fisher Scientific Inc._x000D_
• Abbott Laboratories_x000D_
• Merck KGaA_x000D_
• Laboratory Corporation of America Holdings_x000D_
What Are the Key Trends to Watch in the Genealogy Products And Services Market Over the Coming Years?
Leading entities in the genealogy products and services market are concentrating on adopting and innovating cutting-edge techniques like next-generation sequencing (NGS) tests. These tests provide precise and in-depth genetic ancestry data, permitting an extensive understanding of family lineage and roots. Essentially, the next-generation sequencing (NGS) test is an efficient DNA sequencing technology that facilitates a fast and exhaustive examination of genetic content. An illustration of this is the GALEAS HereditaryPlus panel launched by Nonacus, a genetic testing products firm based in the UK, in January 2024. This NGS test investigates 146 genes, in accordance with ESMO and AMP genetic testing guidelines in the EU and USA. It fulfills the standards of the UK’s National Genomics Test Directory for the identification of uncommon and hereditary illnesses such as Lynch syndrome, rare hereditary cancers like phaeochromocytoma, and child cancers, viz. Wilms tumor.
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Which Growth-Oriented Segments of the Genealogy Products And Services Market Are Leading the Industry’s Development?
The genealogy products and services market covered in this report is segmented –
1) By Category: Family Records, Family Trees, Forums, Cemeteries, Newspapers, Blogs, Deoxyribonucleic Acid (DNA) Testing, Other Categories
2) By Application: Households, Institutions
3) By End-User: Direct-To-Consumer Testing Companies, Law Enforcement Agencies, Research Institutes And Academic Organizations, Other End-Users
Subsegments:
1) By Family Records: Birth Records, Marriage Records, Death Records, Census Records, Immigration and Naturalization Records
2) By Family Trees: Online Family Tree Software, Family Tree Books and Charts, Family Tree Consulting Services
3) By Forums: Genealogy Discussion Forums, Ancestry Group Communities, Online Family Research Forums
4) By Cemeteries: Cemetery Records, Burial and Gravestone Information, Cemetery Plot Searching Services
5) By Newspapers: Obituaries, Historical Newspaper Archives, Local News and Events Archives
6) By Blogs: Personal Genealogy Blogs, Ancestral Research Blogs, DNA Testing Blogs
7) By Deoxyribonucleic Acid (DNA) Testing: Y-DNA Testing, Mitochondrial DNA Testing, Autosomal DNA Testing, Ancestry DNA Testing Kits
8) By Other Categories: Genealogy Software, Historical Research Services, Family History Books and Publications, Genealogical Consultation Services
What Regions Are Dominating the Genealogy Products And Services Market Growth?
North America was the largest region in the genealogy products and services market in 2023. The regions covered in the genealogy products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Are the Key Characteristics That Define the Genealogy Products And Services Market?
Genealogy products and services include tools and resources that help people explore and record their family history. They are used to trace and document family lineages, build family trees, discover ancestral roots, and connect with relatives. These products help people discover their ancestors, understand family relationships, and trace their lineage back through multiple generations.
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