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Direct-to-Consumer (DTC) Genetic Testing - Market Analysis, Trends, and Forecasts

  • ID: 2255350
  • Report
  • February 2020
  • Region: Global
  • 263 Pages
  • Global Industry Analysts, Inc
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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
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Genetic Testing: A Synopsis

Recent Market Activity

Direct-to-Consumer (DTC) Genetic Testing: An Overview

Major Factors Impacting DTC Genetic Testing Market

Regulatory Restrictions and Privacy Concerns - Major Dampeners for DTC Genetic Testing

Consumers Self-Managing Treatments: The New Trend

Authorities Grappling With Setting Appropriate Regulations for DTC Genetic Testing

Changing Landscape of DTC Genetic Testing

Regulations to Determine Market Viability

Potential Benefits Outweigh Concerns

DTC Genetic Testing: High Potential Benefits, But Concerns Persist

Quality Assurance

Confidentiality of Genetic Information

Price and Related Services

Greater Chances of Misinterpretation

Regulatory Headwinds and Data Paucity Impacting DTC Genetic Testing Market

Despite Progress in DTC Genetic Testing Regulations, Concerns Still Linger

Transparency of Data: Bugbear of DTC Genetic Testing Companies

The Contextual Privacy Conundrum

Increasing Adoption Raises the Threat of Data Breach

DTC Genetic Testing Companies - An Unregulated Lot

Association for Molecular Pathology v. Myriad Genetics, Inc. Ruling Removes Potential Barriers for DTC Genetic Testing Companies

Competitive Scenario

Recent Transactions in DTC Genetics Testing Market

Global Competitor Market Shares

Direct-to-Consumer (DTC) Genetic Testing Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

23andMe, Inc. (USA)

Ancestry.com, LLC (USA)

Any Lab Test Now (USA)

Color Genomics, Inc. (USA)

Counsyl, Inc. (USA)

Direct Laboratory Services, LLC (USA)

Gene by Gene, Ltd. (USA)

Laboratory Corporation of America® Holdings (USA)

Mapmygenome India Limited (India)

Positive Bioscience, Inc. (India)

Quest Diagnostics, Inc. (USA)

Request A Test, Ltd. (USA)

Sonora Quest Laboratories LLC (USA)

Xcode Life Sciences (India)

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Direct-to-Consumer (DTC) Genetic Testing Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Direct-to-Consumer (DTC) Genetic Testing Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 41

Note: Product cover images may vary from those shown
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