Global consumer genomics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of consumer genomics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global consumer genomics market is set to witness a healthy CAGR of 20.45% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Increasing trend of DTC testing and growing application areas of genomics are the factor for the growth of this market.
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- Rising demand for personalized genomics is driving the market
- Increasing access to DTC service due to decrease rate of genotyping will also drive market
- Rising investments by companies in consumer genomics will also propel the market growth
- Growing consumer and physicians interest in DTC kits & consequent is also contributing as a factor for the growth of this market
- Increasing clinical and ethical problems related to the use of DTC products & personalized treatment will restrain market growth
- Strict norms associated with the use of DTC genetic tests will also hamper the market growth
- Lack of adoption of home-based genetic tests due to misleading results will also restrict the growth of the market
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Consumer genomics market is related with the sequencing, interpretation and sequencing of the genome. They are widely used in application such as diagnostics, wellness and nutrition, reproductive healthcare, genetic relatedness, ancestry and others. If genotypes are known, this helps the individual to know about their ancestry inference, disease risks and other trait expression. Increasing prevalence for personalized genomics is the factor fueling the growth of this market.
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Few of the major competitors currently working in the global consumer genomics market 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 and others.
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