Global Consumer Genomics Market, By Application (Genetic Relatedness, Diagnostics, Lifestyle, Wellness, and Nutrition, Ancestry, Reproductive Health, Personalized Medicine and Pharmacogenetic Testing, Sports Nutrition and Health, Others), Technology (PCR, Sequencing, Microarray, Nucleic Acid Extraction and Purification, Other Technologies), Product and Service (Consumables, Systems and Software, Services), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The consumer genomics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 30.4% in the forecast period of 2021 to 2028. The growing funding from market participants to support the consumer genomics-based operations will help in escalating the growth of the consumer genomics market.
Consumer genomics included the number of DNA data of consumers that helps in offering vital information related to ancestry, drugs response and disease susceptibility. A patient can purchase a genetic test online and then receive a test kit by mail and collect a DNA sample in their own home. Patients will receive the results at home and don't need any guidance of a genetic counselor or medical practitioner. Moreover, there are growing applications of consumer genomics in genetic analysis in lifestyle, diet, nutritional plans, non-invasive prenatal testing, sports research, carrier screening, and others.
Major factors that are expected to boost the growth of the consumer genomics market in the forecast period are the growing demand for customized genomics and the rising access to DTC service due to decrease rate of genotyping. Furthermore, the growing investments by the companies in the consumer genomics and the increasing consumer and physicians’ interest in DTC kits and consequent are further anticipated to propel the growth of the consumer genomics market.
On the other hand, the growing clinical and ethical concerns regarding the utilization of DTC products and customized treatment, the stringent norms related with the utilization of DTC genetic tests and absence adoption of home-based genetic tests because of the ambiguous results are further estimated to impede the growth of the consumer genomics market in the near future.
This consumer genomics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the consumer genomics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Consumer Genomics Market Scope and Market Size
The consumer genomics market is segmented on the basis of application, technology and product and service. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of application, the consumer genomics market is segmented into genetic relatedness, diagnostics, lifestyle, wellness, and nutrition, ancestry, reproductive health, personalized medicine and pharmacogenetic testing, sports nutrition and health, others.
- On the basis of technology, the consumer genomics market is segmented into PCR, sequencing, microarray, nucleic acid extraction and purification, other technologies.
- On the basis of product and service, the consumer genomics market is segmented into consumables, systems and software, services.
Consumer Genomics Market Country Level Analysis
The consumer genomics market is analysed and market size insights and trends are provided by country, application, technology and product and service as referenced above.
The countries covered in the consumer genomics market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the consumer genomics market due to the growing of the government initiatives for promoting precision medicine. Furthermore, the acceptance of various strategies by key players to offer effective genomics solutions will further boost the growth of the consumer genomics market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth in the consumer genomics market in the coming years.
The country section of the consumer genomics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The consumer genomics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare analytical testing services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare analytical testing services market. The data is available for historic period 2010-2019.
Competitive Landscape and Consumer Genomics Market Share Analysis
The consumer genomics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to consumer genomics market.
The major players covered in the consumer genomics market report are 23andMe, Inc., Gene by Gene, Mapmygenome - Know Yourself, Color Genomics, Inc., Helix OpCo LLC, MyHeritage Ltd, Pathway Genomics, Veritas Genetics, Myriad Genetics, Inc., Illumina, Inc., Xcode Life, Diagnomics, Inc., Toolbox Genomics, Thermo Fisher Scientific Inc, QIAGEN, Eurofins Scientific, Genomic Health, Invitae Corporation, Nebula Genomics, PerkinElmer Inc., Oxford Nanopore Technologies., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.