The global direct-to-consumer genetic testing market size was US$ 1,338.6 million in 2021. The global direct-to-consumer genetic testing market size is forecast to reach US$ 5,573.5 million by 2030, growing at a compound annual growth rate (CAGR) of 17.6% during the forecast period from 2022 to 2030.
Direct-to-consumer (DTC) genetic testing is a marketing strategy that uses television, print media, and the Internet to advertise genetic tests to customers. Furthermore, the tests can be purchased online or in stores, and this marketing takes place without the involvement of a health care physician. Customers send their DNA samples directly to the company, and the results are available in the form of electronic reports on their website. Direct-to-consumer genetic testing provides convenience for people who live in remote areas because they don't have to deal with insurance companies and healthcare providers.
Factors Influencing Market Growth
Impact Analysis of COVID-19
COVID-19 pandemic positively impacted the direct-to-consumer genetic testing market. During the COVID-19 pandemic, technological advancements have created new business opportunities in direct-to-consumer genetic testing. The rapid development of direct-to-consumer genetic testing was due to the growing number of chronic diseases and the introduction of personalized testing kits for niche therapeutic areas. Such transformation and evolution in services have boosted the demand for such kits. Also, the availability of these kits on online platforms has boosted the global market growth.
Regional Insights
North America accounted for the largest market share in 2021. As a result of the changing perspective of consumers towards genetic testing and rising expenditure. The increasing amount of disposable income allows consumers to spend more on direct-to-consumer genetic testing, such as ancestral and nutrigenomics tests and continuous projects are forecast to drive the market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global direct-to-consumer genetic testing market are:
Scope of the Report
The global direct-to-consumer genetic testing market segmentation focuses on Technology, Distribution Channel, Product Type, and Region.
Segmentation based on Technology
Segmentation based on Distribution Channel
Segmentation based on Product Type
Segmentation based on Region