Global DNA Test Kits Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global DNA Test Kits Market: Overview
“The global DNA Test Kits market size is expected to be worth around US$ 234.5 million by 2021 from US$ 141.2 million in 2031, growing at a CAGR of 5.19% during the forecast period 2021 to 2031.”
Genetic testing is also known as DNA testing. Genetic testing is continually gaining popularity over the past decade. DNA testing is a type of molecular testing methodology that is carried out to check the presence or absence of a particular sequence of deoxyribonucleic acid.
All cells in a person’s body have the same sequence of DNA. Cell samples are drawn from an individual’s blood, less intrusively, hair samples, saliva, etc. in order to carry out the testing procedure.
increasing focus on health and preventive care coupled with rising incidences and prevalence of chronic diseases are the major key factors expected to drive the revenue growth of the target market over the forecast years.
In addition, an increasing geriatric population, rapidly increasing incidences of lifestyle diseases, raising awareness about the online availability of DNA test kits, and increasing health care expenditure, are some of the other factors expected to drive revenue growth of the target market.
However, the lack of technical expertise and trained professional in some developing countries is a major factor expected to hamper the growth of the target market to a significant extent.
Global DNA Test Kits Market: Segment Analysis
Among the sample type segments, saliva is expected to register the highest market share in terms of revenue. The ancestry testing in the application segment is expected to witness significant market revenue share over the forecast period. This is primarily owing to the increasing incidences of diseases globally.
Global DNA Test Kits Market: Trend
Major players in the target market currently are partnering with healthcare providers such as hospitals and diagnostic clinics, in order to increase the company sales and market share. For instance, in November 2017, Ancestry.com LLC, which is a privately held based in the US, sold nearly 1.5 Mn DNA test kits on Black Friday and estimated that demand for these DNA test kits is increasing continually.
In April 2018, Prenetics Limited, which is a Hong Kong-based based genetic testing services company acquired UK-based DNAFit, in order to expand its business globally.
Global DNA Test Kits Market: Regional Analysis
The markets in North America are estimated to have a significant major share in the target market over the forecast period. This is primarily due to, the high presence of leading market players such as 23andMe Inc. andAncestry.com LLC as well as higher demand for DNA testing services for disease risk assessment.
The market in the Asia Pacific is estimated to witness the highest CAGR over the forthcoming years. This is primarily to, higher government initiatives in order to create awareness regarding DNA Test Kits and the geriatric population in countries, such as India, Japan, Singapore, and China. The market in Europe is estimated to witness high demand in countries such as Italy, Spain, and the UK.
Global DNA Test Kits Market Segmentation:
Segmentation by sample type:
- Cheek Swab
Segmentation by application:
- Ancestry Testing
- Diet & Nutrition
- Health & Fitness
- Disease Risk Assessment
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Ancestry.com LLC
- 23andMe, Inc.
- MyHeritage Ltd.
- Gene by Gene, Ltd.
- Living DNA Ltd.
- National Geographic Partners LLC
- Helix OpCo LLC
- Thermo Fisher Scientific Inc.
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