The technology has been segmented into targeted analysis, whole genome sequencing, and single nucleotide polymorphisms. The market is favored by the increased research activities based on next-generation sequencing-based technologies. DTC genetic testing companies offer these genetic tests to their consumers through online channels and over-the-counter (OTC) channels, which has made these tests easily accessible to consumers around the globe.
However, genomic data protection, ethical and social issues, and lack of regulatory standards are some of the factors expected to restrain the market growth.ĭecreased cost and time required for genetic sequencing has increased the acceptance of DTC genetic testing among the consumers.
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The direct-to-consumer genetic testing market's growth has been primarily attributed to the major drivers in this market, such as growing number of direct-to-consumer genetic testing, increasing research funding in the field of molecular biology, and increase in awareness and acceptance of personalized medicine on a global level. What are the regulations for the development of direct-to-consumer genetic testing?īIS Research healthcare experts have found the direct-to-consumer genetic testing market to be one of the growing markets, which is predicted to grow at a CAGR of 17.30% during the forecast period, 2021-2031.Which companies are anticipated to be highly disruptive in the future, and why?.How is each segment of the market expected to grow during the forecast period 2021-2031? The segments are:.What are the key technologies that have been used by leading players in the global market for the development of consumer genetic tests?.Which is the dominant product type developed by the leading and emerging of direct-to-consumer genetic testing market?.
Rest-of-the-World Market Growth Drivers.Latin America - Brazil, Mexico, and Rest-of-the-Latin America.Asia-Pacific - China, Japan, Australia, India, and South Korea.Europe- Germany, France, Italy, U.K., Spain, and Rest-of-Europe.Distribution Channel- Online Channel and Over-the-Counter Channel.Technology - Targeted Analysis, Single Nucleotide Polymorphisms (SNPs), and Whole Genome Sequencing (WGS).Product Type- Ancestry, Health and Wellness, and Entertainment.“Global Direct-to-Consumer Genetic Testing Market to Reach $6,604.5 Million by 2031.” Market Report Coverage - Direct-to-Consumer Genetic Testing Market Segmentation
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