Direct-To-Consumer (DTC) Genetic Testing Market: Dynamics and Competitive Landscape Research by 2028 - TechSci Research

Introduction:

The Global Direct-To-Consumer (DTC) Genetic Testing Market is experiencing a transformative era, marked by increasing demand, technological advancements, and rising awareness about genetic diseases. The TechSci Research report, titled “Direct-To-Consumer (DTC) Genetic Testing Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027,” provides profound insights into this dynamic market. With the Global DTC Genetic Testing Market standing at USD 1,254.69 million in 2021 and anticipated to grow at a CAGR of 8.97% in the forecast period, this analysis unravels the factors driving this growth and explores the opportunities and challenges within the industry.

Definition of “Direct-To-Consumer (DTC) Genetic Testing”:

Direct-To-Consumer (DTC) Genetic Testing refers to genetic tests that individuals can purchase directly without involving their healthcare provider. These tests provide personal risk indicators for various conditions, ranging from trivial characteristics to serious health conditions like breast cancer and Alzheimer’s disease. The market facilitates the direct availability of genetic tests to consumers through channels such as the internet, allowing individuals to gain insights into their genetic makeup without traditional healthcare intermediaries.

𝐁𝐫𝐨𝐰𝐬𝐞, 𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐚𝐭𝐚, 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐚𝐧𝐝 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐓𝐎𝐂 𝐨𝐧 “Direct-To-Consumer (DTC) Genetic Testing Market” – https://www.techsciresearch.com/report/direct-to-consumer-genetic-testing-market/12949.html

Benefits of the Research Report:

Strategic Decision-Making: The research report equips pharmaceutical companies, investors, and stakeholders with comprehensive insights, aiding in strategic decision-making for market entry, expansion, and investment strategies.
Market Dynamics Understanding: A detailed analysis of market dynamics, including trends, challenges, and growth opportunities, provides a profound understanding of the current state and future trajectory of the DTC Genetic Testing market.
Competitive Landscape Analysis: In-depth competitive analysis enables market players to assess their positions, identify key competitors, and formulate strategies for sustained growth in a rapidly evolving market.
Market Segmentation Insights: The report offers detailed segmentation analysis based on test type, technology, sample, distribution channel, region, and company. This provides insights into different market segments and their individual dynamics.
Regional Analysis: An exploration of regional dynamics, with a focus on North America, provides a nuanced understanding of the factors influencing market growth in specific geographic locations.
Industry Trends and Innovations: The report identifies emerging trends, technological innovations, and essential drivers that shape the trajectory of the DTC Genetic Testing market.

Global DTC Genetic Testing Market Overview:

The Global DTC Genetic Testing Market is witnessing robust growth, driven by factors such as increasing disposable income, rising healthcare expenditure, and a growing adoption of customized medicine for treating genetic diseases. The market is characterized by the heightened awareness among Europeans and Americans regarding racial testing, technological advances, and the escalating prevalence of genetic disorders such as diabetes, cancer, cystic fibrosis, and Alzheimer’s disease on a global scale.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐭𝐡𝐞 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 (𝘋𝘦𝘵𝘢𝘪𝘭𝘦𝘥 𝘤𝘩𝘢𝘱𝘵𝘦𝘳-𝘣𝘺-𝘤𝘩𝘢𝘱𝘵𝘦𝘳 𝘨𝘶𝘪𝘥𝘢𝘯𝘤𝘦, 𝘙𝘦𝘨𝘪𝘰𝘯𝘢𝘭 𝘈𝘯𝘢𝘭𝘺𝘴𝘪𝘴, 𝘎𝘳𝘢𝘱𝘩𝘪𝘤𝘢𝘭 𝘙𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘢𝘵𝘪𝘰𝘯, 𝘙𝘪𝘴𝘬𝘴, 𝘖𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴, 𝘚𝘢𝘭𝘦𝘴 𝘝𝘰𝘭𝘶𝘮𝘦, 𝘙𝘦𝘷𝘦𝘯𝘶𝘦 𝘈𝘯𝘢𝘭𝘺𝘴𝘪𝘴)- https://www.techsciresearch.com/sample-report.aspx?cid=12949

Key Factors Driving Market Growth:

Increasing Disposable Income and Healthcare Expenditure: The rise in disposable income and healthcare spending contributes to the demand for DTC Genetic Testing, as individuals seek personalized healthcare solutions.
Rising Adoption of Customized Medicine: The shift towards customized medicine for treating genetic diseases is a key driver, reflecting the growing recognition of the importance of individual genetic makeup in healthcare.
Growing Awareness of Genetic Diseases: The market is propelled by a global increase in awareness about genetic diseases, with conditions like Alzheimer’s becoming more prevalent. The surge in Alzheimer’s cases, for instance, underscores the urgency for genetic testing.
Technological Advances: Continuous technological innovations have significantly increased the availability of genetic tests for health conditions, making them more accessible and user-friendly.

Global Impact of Genetic Conditions:

Globally, genetic conditions in humans result from changes in genes and genomes. DTC Genetic Testing plays a pivotal role in raising awareness of genetic diseases, especially with the increasing prevalence of conditions like Alzheimer’s disease. Alzheimer’s alone affects an estimated 6.2 million Americans aged 65 and older, and without medical breakthroughs, this number could rise to 13.8 million by 2060. Genetic diseases are recognized as a significant cause of disability and death, emphasizing the importance of genetic testing. Genetic defects contribute significantly to pregnancy loss, infant mortality, pediatric and adult hospital admissions, and are believed to affect at least 10% of all adults.

The Role of DTC Genetic Testing in Disease Detection:

Traditionally, tissue biopsy has been crucial for detecting cancer, but it faces challenges such as invasiveness, expense, and difficulties in prospective sampling due to tissue heterogeneity. Direct-To-Consumer (DTC) Genetic Testing emerges as a non-invasive technique, offering a simple, quick, and worthwhile approach based on the examination of circulating tumor DNA and other tumor-derived components in blood plasma. This innovative approach addresses the limitations of traditional methods and provides a more accessible means of disease detection.

Market Segmentation:

The Global DTC Genetic Testing Market is segmented into test type, technology, sample, distribution channel, region, and company.

Test Type: Ancestry & Relationship Testing: Held the major revenue share in 2021, providing information about an individual’s ancestors and facilitating connections with distant relatives. Predictive Testing, Nutrigenomic Testing, Carrier Testing, Skincare Testing, and Others: Cater to diverse needs and preferences of consumers, contributing to the overall market growth.
Technology: Single Nucleotide Polymorphism (SNP) Chips: Dominated the market in 2021, with a market share of 39.05%. Used for studying common genetic variation and assessing ancestry, among other applications. Targeted Analysis, Whole Genome Sequencing (WGS), and Others: Contribute to the technological landscape, offering varied approaches to genetic testing.
Regional Analysis: North America: Captured over 44.25% of the market in 2021, with significant growth expected. Rising public awareness and increased internet use contribute to the market expansion.

The leading companies operating in the Global Direct-To-Consumer (DTC) Genetic Testing Market Players are:

23andMe, Inc.
Ancestry.com, LLC
Color Health, Inc.
Helix OpCo LLC
Counsyl
My Heritage
Living DNA
Mapmygenome India Limited
Full Genomes Corporation, Inc.
Direct Laboratory Services, LLC

“Continuing genetic discoveries and technological innovation over the last decade have significantly increased the availability of genetic tests for health conditions. Along with the advancement of genetic science, two trends have emerged: direct marketing of genetic tests to consumers (via paid advertisements in print media, television, and the Internet) and direct availability of genetic tests to consumers (via the Internet). Concerning the latter, consumers can purchase genetic tests that indicate personal risk for conditions ranging from trivial characteristics to serious health conditions (e.g., breast cancer, Alzheimer’s disease) without involving their health care provider. The use of direct-to-consumer (DTC) genetic tests has grown exponentially over the last decade, with an estimated 100 million individuals expected to have undergone the testing by the end of the year, according to an AMA (American Medical Association) Board of Trustees report presented at the November 2021 at AMA Special Meeting,”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Direct-To-Consumer (DTC) Genetic Testing Market – Global Industry Size, Share, Trends, Competition, Opportunities, and Forecast, 2017-2027 Segmented By Test Type (Ancestry & Relationship Testing, Predictive Testing, Nutrigenomic Testing, Carrier Testing, Skincare Testing, Others), By Technology (Single Nucleotide Polymorphism (SNP) chips, Targeted Analysis, Whole Genome Sequencing (WGS), Others), By Sample (Saliva, Urine, Blood, Others), By Distribution Channel (Online and Offline), By Region”, has evaluated the future growth potential of Global Direct-To-Consumer (DTC) Genetic Testing Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Direct-To-Consumer (DTC) Genetic Testing Market.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 –

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