I recently came across an article offering a report on the global genetic genealogy market for sale. The report, which is in PDF format and spans 120 pages, is touted to cost a heft sum of $4900! To put it simply for my readers, the bottom-line is that there’s no doubt the global market will continue to grow up until 2026.
Though I personally have no intent to purchase this report, I found the article rather intriguing. Here’s a brief summary of its content.
The report provides an overview on the Global Genetic Genealogy Market categorized by Test Type (DNA Profiling vs DNA Testing), Application (Direct Maternal Lineages, Direct Paternal Lineages, Ancestral Origins, Law Enforcement, and others), End User (Direct-to-Consumer Testing Companies, Research Institutes &, Academic Organizations, and others), Region, Company Forecast, & Opportunities projected up to 2026.
It predicts that the global genetic genealogy market will see substantial growth in the upcoming years. This is primarily attributed to the rising prevalence of chronic diseases.
The continuous advancements in pharmacogenomics – the study analyzing the interplay between genetics and drug effects on the human body – are primed to meet the global needs. Additionally, increased consumer awareness on preventive healthcare is anticipated to further drive the demand for genetic genealogy over the next five years.
Substantial investments in research and development by major entities to optimize the existing infrastructure are cumulatively driving the growth of the genetic genealogy market. Particularly, genetic genealogy helps in improving the quality of healthcare services, thereby creating lucrative growth opportunities since quality healthcare services are in high demand.
The use of genetic genealogy allows healthcare providers to offer tailored treatment plans, thereby improving overall quality and efficacy of treatments. Major industry players are leveraging genetic genealogy studies to create more effective products tailored to patient’s needs.
The report further segmentizes the global genetic genealogy market into test type, application, end user, regional distribution, and company for comprehensive understanding. From a regional standpoint, North America is predicted to dominate the market until 2026 owing to the presence of major market players and robust healthcare infrastructure.
Factors such as strong economic growth, substantial industry investments, high consumer awareness regarding quality treatment benefits, and favorable reimbursement policies are contributing to the market’s growth in the region.
Key players in the global genetic genealogy market include 23AndMe, AncestryDNA, MyHeritage, Sequencing.com, FTDNA (Family Tree DNA), GEDmatch, DNASolves, among others. These companies employ strategies such as technological advancements, new service launches, mergers, and acquisitions to maintain market competitiveness.
The report is based on data from:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Find out more in the complete article.