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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Consumer Genomics Market Outlook
The global consumer genomics market stood at a value of nearly USD 2.59 billion in 2023. The industry is further projected to grow at a CAGR of 20% over the forecast period of 2024-2032.
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The consumer genomics market is on the brink of becoming a mainstream phenomenon due to the expanding possibilities for genetic testing applications. Also, the consumer genomics industry is expected to benefit from the steady improvement in the implementation of genealogy services globally that help customers have a thorough assessment of their ancestors, family tree, and the risk of creating hereditary health circumstances.
Market Segmentation
The branch of genomics involved with the sequencing, analysis, and interpretation of an individual’s genome is called consumer genomics.
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The global consumer genomics market can be divided based on applications and regions.
Based on its application, the industry can be segmented into:
- Genetic Relatedness
- Diagnostics
- Lifestyle, Wellness, and Nutrition
- Ancestry
- Reproductive Health
- Personalised Medicine and Pharmacogenetic Testing
- Sports Nutrition and Health
- Others
The EMR report looks into the regional consumer genomics markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Market Analysis
The global consumer genomics market is being driven by the rapidly advancing technology and rising consumer awareness regarding the risk of developing hereditary or other diseases. The rise in the interest of consumers and physicians in DTC (direct-to-consumer) test kits, consequent growth in sales of DNA test kits, and the increase in the access to DTC services, with the reduced cost of genotyping, are the significant drivers for the industry growth.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global consumer genomics market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Ancestry (NASDAQ: ACOM)
- 23andMe, Inc.
- Gene by Gene, Ltd.
- Mapmygenome
- Color Genomics, Inc.
- Positive Biosciences, Ltd.
- Futura Genetics
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Consumer Genomics Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global consumer genomics market attained a value of nearly USD 2.59 billion.
The market is projected to grow at a CAGR of 20% between 2024 and 2032.
The major drivers of the industry such as rapidly advancing technology, rising awareness about the risk of developing hereditary, improvement in the implementation of genealogy services, and growing applications of consumer genomics in genetic analysis in lifestyle, diet, nutritional plans, and others are expected to aid the industry growth.
The rise in the interest of consumers and physicians in DTC (direct-to-consumer) test kits, and the increasing sales of DNA test kits are the key market trends guiding the growth of the consumer genomics market.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
The major applications of the market include oncology, genetic relatedness, diagnostics, lifestyle, wellness and nutrition, ancestry, reproductive health, personalised medicine and pharmacogenetic testing, and sports nutrition and health, among others.
The major players in the industry are Ancestry.com LLC, 23andMe, Inc., Gene by Gene, Ltd., Mapmygenome India LTD, Color Genomics, Inc., Positive Biosciences, Ltd., and Futura Genetics, among others.
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