Genealogy Products And Services Market Forecast Reaching $7.94 Billion by 2029 at 11.4% CAGR
Discover trends, market shifts, and competitive outlooks for the genealogy products and services industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Is the Estimated Market Size of the Genealogy Products And Services Market In 2029?
The market size of genealogy products and services has witnessed quick expansion in the past few years. The market is predicted to climb from $4.61 billion in 2024 to $5.15 billion in 2025, showing a compound annual growth rate (CAGR) of 11.8%. The growth during the historic period can be credited to factors like increasing fascination with health-oriented genetic information, celebrity impacts, media visibility, amplified marketing and awareness drives, bettered data analysis algorithms, and the rising trend of direct-to-consumer genetic testing.
The market size for genealogy products and services is projected to dramatically expand over the forthcoming years, reaching $7.94 billion by 2029. This represents an 11.4% compound annual growth rate (CAGR). Factors contributing to this anticipated growth during the forecast period include increased public interest in origins and lineage, mounting knowledge of genetic health hazards, the proliferation of web-based genealogical data, the surging trend of direct-to-consumer genetic testing, and a rising curiosity about health-associated genetic data. Looking forward, trends influencing this projected growth comprise of the incorporation of artificial intelligence (AI), the broadened application of blockchain technology, integration with wearable devices, the enlargement of worldwide genetic databases, and the progression of ancestral trait examination.
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What Are the Core Growth Drivers Propelling the Genealogy Products And Services Market Forward?
The increasing interest in genetic testing is predicted to boost the progress of the genealogy products and services market. Genetic testing examines DNA to identify alterations or differences, potentially indicative of genetic ailments, ancestry, and other characteristics. This area is experiencing rapid growth due to the rising awareness of its potential health and ancestry benefits. Genetics testing supports genealogy, offering individuals insights into their ancestral roots, linking them with family, and confirming family history via DNA studies. As an example, the National Library of Medicine, a US government entity, stated in April 2023 that there were 76,302 active genetic tests worldwide and 37,271 in the US back in November 2022. Thus, the escalating demand for genetic testing is fueling the expansion of the genealogy products and services market.
Which Key Market Segments Comprise the Genealogy Products And Services Market and Drive Its Revenue Growth?
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
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Which Geographic Areas Hold the Strongest Growth Potential in the Genealogy Products And Services Market?
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 Strategic Trends Steering the Genealogy Products And Services Market Direction?
Leading businesses in the genealogy products and services market are concentrating on the advancement of sophisticated technologies, such as next-generation sequencing (NGS) tests. They aim to provide more precise and comprehensive genetic ancestry data, facilitating a deeper understanding of family lineage and origins. NGS test, a DNA sequencing technology with high throughput, permits fast and all-inclusive analysis of genetic materials. For example, in January 2024, Nonacus, an enterprise based in the UK that specializes in genetic testing products, introduced the GALEAS HereditaryPlus panel. This panel is an NGS test which examines 146 genes in accordance with the ESMO and AMP guidelines for genetic testing in the EU and USA. It is in line with the standards of the UK’s National Genomics Test Directory for identifying rare and inherited conditions, like Lynch syndrome, uncommon hereditary cancers such as phaeochromocytoma, and childhood cancers, like Wilms tumor.
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How Is the Genealogy Products And Services Market Conceptually Defined?
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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