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U.S. DTC Genetic Testing Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Author : Ronak Bora | Published Date : 2020-09-10 

U.S. DTC Genetic Testing Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

U.S. direct-to-Consumer (DTC) genetic testing market size has grown considerably in recent times, due to the ease of the procedure in monitoring a patient’s distinctive molecular profile and genetics to improve healthcare outcomes. The U.S population looks at DTC testing as an alternate method for collecting medical information about themselves. It helps with the formulation of personalized treatments for patients suffering from breast cancer, melanoma and various other genetic diseases.

With rising prevalence of such conditions, there could be a huge potential demand for DTC genetic tests in the U.S. over the study timeframe. Increasing demand and adoption of DTC genetic tests by U.S. consumers, as well as rapid technological advancements will also lead to way for U.S. Direct-to-Consumer genetic testing market growth. According to a report published by GMI, the U.S DTC genetic testing market is anticipated to surpass $890 million by 2025.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/4368

North America has seen a rise in the incidence of genetic disorders lately. Diseases such as breast cancer, colorectal cancer and achondroplasia, to name a few, are growing at a considerable pace in the region. According to the American Cancer Society, Inc., colorectal cancer was ranked as the 3rd most frequent cancer identified in American men and women in 2019. Speculating growing concerns, the FDA has recently approved a direct-to-consumer genetic test developed by 23andme, in order to check the hereditary form of colorectal cancer.

Growing occurrence of such diseases paired with the emergence of direct-to-consumer genetic tests will escalate U.S. DTC genetic testing industry trends.

Predictive testing is a form of presymptomatic testing which minimizes the possibilities of developing a disease prior to the onset of its symptoms, further allowing effectively manage of a clinical condition.  According to a research report, the predictive testing segment of the U.S. DTC genetic testing market was recorded at a valuation of around $50 million in 2018. This rapid surge can be credited to the advent of new and advanced platforms that can efficiently perform genome analysis.

As for technology, single nucleotide polymorphism (SNP) chips segment has shown a significant impact on the U.S. DTC genetic testing market size. Many companies that offer DTC genetic tests use SNP genotyping technology owing to its ability to accurately classify genomes, which plays a crucial role in identifying several genetic diseases like sickle cell anemia. These benefits could broaden the demand for SNP chips, which will further factor into the growth of U.S. direct-to-consumer genetic testing market.

Leading industry performers operating in the U.S. DTC genetic testing market include Ancestry, Pathway Genomics, Color Genomics, 23andMe, Identigene, FamilytreeDNA, EasyDNA, Helix OpCo, Living DNA, Full Genome, MyHeritage and Karmagenes. These companies are actively initiating new business strategies such as M&As and collaborations, in a bid to sustain operations and boost growth. Initiatives like these would also ensure an upward trend in the U.S. DTC genetics testing market share. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/us-direct-to-consumer-genetic-testing-market

Partial Chapter of the Table of Content 

Chapter 5. U.S. Direct-To-Consumer (DTC) Genetic Testing Market, By Technology

5.1. Key segment trends

5.2. Targeted analysis

5.2.1.  Market size, by country, 2014-2025 (USD Million)

5.3. Single nucleotide polymorphism (SNP) chips

5.3.1.  Market size, by country, 2014-2025 (USD Million)

5.4. Whole genome sequencing [WGS]

5.4.1.  Market size, by country, 2014-2025 (USD Million)

Chapter 6. U.S. Direct-To-Consumer (DTC) Genetic Testing Market, By Country

6.1. Key country trends

6.2. U.S.

6.2.1.  Market size, by test type, 2014 – 2025 (USD Million)

6.2.2.  Market size, by test type, 2014-2025 (000’ Units)

6.2.3.  Market size, by technology, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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