The Direct-to-consumer Disease Risk and Health Genetic Test industry is growing rapidly, with a predicted market size of US$167 million in 2022 and a compound annual growth rate of 16.5%. The industry offers individuals access to genetic testing without the involvement of a healthcare professional. The aim is to provide individuals with information about their potential risk for certain diseases or conditions.
The use of Direct-to-consumer Disease Risk and Health Genetic Test is primarily online, with individuals ordering a kit and providing a sample of their DNA, usually through a saliva sample. The samples are then sent to a laboratory for analysis, and the results are made available to the individual online. In some cases, individuals may also have the option of receiving a report in the mail or through consultation with a genetic counselor.
The major global manufacturers in the industry include 23andMe, MyHeritage, LabCorp, Myriad Genetics, Ancestry.com, Quest Diagnostics, Gene By Gene, DNA Diagnostics Center, Invitae, IntelliGenetics, Ambry Genetics, Living DNA, EasyDNA, Pathway Genomics, Centrillion Technology, Xcode, Color Genomics, Anglia DNA Services, African Ancestry, Canadian DNA Services, DNA Family Check, Alpha Biolaboratories, Test Me DNA, 23 Mofang, Genetic Health, DNA Services of America, Shuwen Health Sciences, Mapmygenome, and Full Genomes.
The industry has faced both criticism and praise. Proponents argue that the availability of genetic testing can help individuals make informed decisions about their health and make lifestyle changes to prevent the onset of diseases. Critics raise concerns about the accuracy of results and the potential for anxiety or harm caused by false positives or misunderstandings about genetic information.
Nonetheless, the prospects for the Direct-to-consumer Disease Risk and Health Genetic Test industry are promising, as consumers continue to seek greater control over their own health and access to a wider array of medical information. While the industry faces some regulation challenges, it is positioned for growth for the foreseeable future.
The SWOT analysis of the Direct-to-consumer Disease Risk and Health Genetic Test industry is as follows:
SWOT Analysis of Direct-to-consumer Disease Risk and Health Genetic Test Industry
Strengths:
-Lower costs and greater accessibility for consumers
-Personalized health and wellness recommendations based on genetic information
-Can detect potential health risks early on
-Can help individuals make informed lifestyle choices based on their specific genetic makeup
-Increasing popularity and demand for genetic testing services
Weaknesses:
-Limited regulation and oversight
-Privacy concerns surrounding the use and storage of genetic data
-Tendency for individuals to make decisions based solely on genetic results, neglecting other important health factors
-False positives and misleading information can lead to unnecessary anxiety and medical procedures
Opportunities:
-Growth potential due to increasing public interest in personalized health and wellness
-Expansion into international markets
-Partnering with healthcare providers to integrate genetic testing into routine medical care
-Developing new tests to detect a wider range of potential health risks
Threats:
-Regulatory changes that could restrict or limit the direct-to-consumer genetic testing industry
-Competition from established healthcare providers offering in-house genetic testing services
-Decreasing demand for genetic testing services due to privacy concerns and distrust of technology
-Negative publicity or scandals involving mishandling or misuse of genetic data.
Key players in global Direct-to-consumer Disease Risk and Health Genetic Test market include:
23andMe
MyHeritage
LabCorp
Myriad Genetics
Ancestry.com
Quest Diagnostics
Gene By Gene
DNA Diagnostics Center
Invitae
IntelliGenetics
Ambry Genetics
Living DNA
EasyDNA
Pathway Genomics
Centrillion Technology
Xcode
Color Genomics
Anglia DNA Services
African Ancestry
Canadian DNA Services
DNA Family Check
Alpha Biolaboratories
Test Me DNA
23 Mofang
Genetic Health
DNA Services of America
Shuwen Health Sciences
Mapmygenome
Full Genomes
Market segmentation, by product types:
Celiac Disease
Parkinson Disease
Alzheimer Disease
Other
Market segmentation, by applications:
Online
Offline
Summary:
Get latest Market Research Reports on Direct-to-consumer Disease Risk and Health Genetic Test. Industry analysis & Market Report on Direct-to-consumer Disease Risk and Health Genetic Test is a syndicated market report, published as Global Direct-to-consumer Disease Risk and Health Genetic Test Market Report 2018-2029. It is complete Research Study and Industry Analysis of Direct-to-consumer Disease Risk and Health Genetic Test market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.