Global Genetic Genealogy Market Size is valued at USD 835.85 Mn in 2022 and is predicted to reach USD 1,695.94 Mn by the year 2031 at a 8.3% CAGR during the forecast period for 2023-2031.
Numerous benefits of genetic analysis make it more necessary than ever among the global population. Genetic analysis offers possible medical benefits and assists patients, cancers, and healthcare providers in modifying the therapy and healthcare given to an individual as well as to their families. A successful genetic study can also provide the patient with diagnostic data so they can receive the proper medication or treatment.
Cancer and heart disease sufferers are becoming more numerous over time in Canada. As per the Canadian Cancer Society, cancer is a factor in about 28.2% of deaths in Canada. Between 2015 and 2030, the number of newly diagnosed cancer cases is projected to rise by approximately 40%. The society has released its annual cancer statistics in order to make long-term projections regarding the disease's burden. By 2030, an estimated 277,000 individuals per year will be diagnosed with cancer.
Competitive Landscape
A few of the Genetic Genealogy market players are,
- 23&Me Inc.
- com
- Color Genomics
- DNASolves
- FamilySearch
- Findmypast
- Gencove
- Geneanet
- Helix
- Living DNA
- MNG Laboratories
- MTDNA
- MyHeritage,
- Myriad Genetics
- Com
- Veritas Genetics
- YFull
Market Segmentation:
The Genetic Genealogy market has been segmented based on test type, application, and end-user. The market is broadly divided into autosomal DNA tests, Y-chromosome DNA tests, and mitochondrial DNA tests based on test type. The application segment includes heredity and genetic disorders, paternal/maternal lineages, ancestral origins, and others. The end-user segment comprises direct-to-customer testing companies, law enforcement agencies, research institutes, academic organizations, and others.
The Autosomal DNA Test Segment Dominates The Genetic Genealogy Market Based On Test Type.
Due to its nucleic origin and equal contribution of genetic material from both parents to their offspring, autosomal DNA testing dominates the market. Every person receives half of their nuclear DNA from their mother and half from their father. Autosomal DNA testing is essential for precisely establishing a family tree since every person has a specific proportion of identical autosomal DNA. This pattern continues through each generation, resulting in approximately 25% of DNA from each grandmother, 12.5% from each great-grandparent, and so forth.
The Direct-To-Customer Segment Registered The Highest Growth.
For several compelling reasons, direct-to-consumer (DTC) genetic testing companies have quickly taken over the genetic genealogy testing market. They give the most unequalled convenience first and foremost. DTC testing allows anyone to order a DNA testing kit online or in person, collect their DNA samples at home, and ship the samples back for analysis. Because there is no longer a need for intermediaries or healthcare professionals, this simplified procedure is open to a variety of customers.
In The Region, The North American Genetic Genealogy Market Holds A Significant Revenue Share.
The largest market share was registered in North America. The fundamental reason for the rapid expansion of the genealogy products and services market is the presence of key market leaders in the area, together with a highly established healthcare infrastructure. Market expansion is being fueled by large firms' high-end investments and robust economic growth. The availability of appealing reimbursement policies for healthcare services and consumer knowledge of the advantages of quality care are driving the market's expansion.
Genetic Genealogy Market Report Scope
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 835.85 Mn |
|
Revenue forecast in 2031 |
USD 1,695.94 Mn |
|
Growth rate CAGR |
CAGR of 16.8% from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Mn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
By Application, By Quantum Computing and Simulations, By Quantum Communication, By Quantum PNT, By Quantum Component |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
23&Me Inc., Ancestry.com, MyHeritage, and Sequencing. Com, FTDNA, DNASolves, Living DNA, FindmyPast, FamilySearch, Geneanet, and others. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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