LONDON--(BUSINESS WIRE)--According to the latest market research report released by Technavio, the global direct-to-consumer genetic testing market is expected to accelerate at a CAGR of almost 12% during the forecast period. The growing awareness about DTC genetic is one of the key factors triggering the growth of the market.
This research report titled ‘Global Direct-to-consumer Genetic Testing Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global direct-to-consumer genetic testing market into the following services:
- Diagnostic Screening
- Prenatal, newborn screening, pre-implantation diagnosis
- Relationship testing
In 2016, the diagnostic screening segment accounted for 65% of the global market. It is mostly conducted to evaluate major treatment decisions. Diagnostic testing helps to identify genes that are responsible for chronic diseases such as cancer.
Global direct-to-consumer genetic testing market: Top emerging trend
Next-generation sequencing and biochip for present and future genetic diagnosis is an emerging trend in the market space. The development of sophisticated technologies such as microarrays, next-generation sequencing, fluorescence in situ hybridization (FISH), and automated DNA sequencing has opened new avenues for cancer biomarkers. These can detect abnormalities in the gene expression and the genetic structure of cancer cells. They can also analyze the changes in DNA, ribonucleic acid (RNA), and chromosomes from the tissue sections of tumors. At present, physicians are focusing on the early detection of cancer. Hence, the adoption of tissue-based biomarkers is increasing. This has led many companies such as Illumina and Roche Diagnostics to focus on the development of next-generation sequencers.
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Technavio’s report provides expert market research on the following topics:
- Market Outline
- Global Direct-To-Consumer Genetic Testing Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by service (diagnostic screening, prenatal, newborn screening, pre-implantation diagnosis, and relationship testing)
- Market segmentation by distribution channel (direct, retail, and laboratory sales)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (23andMe, LabCorp, Myriad Genetics, and Quest Diagnostics)
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