Report Description:
Gene refers to the functional segment of the DNA molecule. It forms the basic determining factor of all biological species and the core unit of genetic information. Genes help in determining the birth, illness, aging, as well as the death of individuals. Gene is the controller of life and the cause of beauty, health, and longevity.
The study of the Global Direct-to-Consumer Genetic Testing (DTC-GT) Market has been done in an extensive manner to grab precise insights. A thorough secondary research is undertaken to accumulate information about the market, the parent market, and the peer market. The findings were then validated through primary research by conducting interviews of industry experts and key opinion leaders (KOLs) across the value chain. Following this, both top-down as well as bottom-up methodologies were employed to project the overall market size. Lastly, the market is effectively branched down and data triangulation procedures are implemented to ascertain the size of each segment and subsegment.
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Gene is a functional segment of DNA molecule, the basic unit of genetic information, and the most basic factor determining all biological species.Genes determine the birth, aging, illness and death of people, which is the cause of health, beauty and longevity, as well as the controller and controller of life.Direct-to-Consumer Genetic Testing (DTC-GT)is a technique that USES blood, other body fluids, or cells to detect DNA.
Market Opportunities and Obstacles
The increase in the prevalence of the different genetic diseases like Alzheimer’s disease is driving the market growth of Direct-to-Consumer Genetic Testing (DTC-GT). The increase in the awareness among the public about the genetic diseases, the rise in the interest to understand the ancestral origins, and the proactive role of individuals towards proactive healthcare is boosting the market growth. The increase in the adoption of DTC genetic testing for the early identification and detection of the genetic disease will propel the growth of the market. The increase in the demand for personalized medications will also boost the market growth.
The high costs involved with direct-to-consumer genetic testing is a major obstacle that limits the growth of the global market.
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Global Market Classification
The global DTC genetic testing market is classified based on channel, test type, application, technology, and region.
Based on the channel, the global market includes online channels and Over-the-Counter (OTC).
Depending on the test type, the Direct-to-Consumer Genetic Testing (DTC-GT) market is divided into carrier testing, nutrigenomics testing, predictive testing, ancestry and relationship testing, and others. The increase in the prevalence of genetic diseases will expand the predictive testing segment. The segment of ancestry and relationship testing hold a large share in the global market.
Depending on the application, the global market encompasses ancestry-based genetic testing, entertainment-based genetic testing, and health and wellness-based genetic testing.
Based on the technology, the market is bifurcated into the targeted analysis, whole-genome sequencing (WGS), and single nucleotide polymorphism (SNP) chips. The targeted analysis is the leading market segment owing to its low cost of testing. The SNP chips segment is expected to witness growth during the forecast period.
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