Global Direct-to-Consumer (DTC) Genetic Testing Industry

Global Direct-to-Consumer (DTC) Genetic Testing Industry

  • February 2020 •
  • 263 pages •
  • Report ID: 5442614 •
  • Format: PDF
Direct-to-Consumer (DTC) Genetic Testing market worldwide is projected to grow by US$2.4 Billion, driven by a compounded growth of 19.5%. Ancestry & Relationship Testing, one of the segments analyzed and sized in this study, displays the potential to grow at over 19.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.4 Billion by the year 2025, Ancestry & Relationship Testing will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 17.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$89.8 Million to the region’s size and clout in the next 5 to 6 years. Over US$75.9 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Ancestry & Relationship Testing will reach a market size of US$60 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 24.8% over the next couple of years and add approximately US$600.2 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others,
  • 23andMe, Inc.
  • Ancestry.com, LLC
  • Any Lab Test Now
  • Color Genomics, Inc.
  • Counsyl, Inc.
  • Direct Laboratory Services, LLC
  • Gene by Gene, Ltd.
  • Laboratory Corporation of America® Holdings
  • Mapmygenome India Limited
  • Positive Bioscience, Inc.
  • Quest Diagnostics, Inc.
  • Request A Test, Ltd.
  • Sonora Quest Laboratories LLC
  • Xcode Life Sciences