Growth Insights for the Direct-to-Consumer Genetic Testing Market, Forecast to 2022

Growth Insights for the Direct-to-Consumer Genetic Testing Market, Forecast to 2022

Consumer Education and Exploring Alternative Markets Would Drive the Direct-to-Consumer Genetic Testing Market

RELEASE DATE
27-Aug-2018
REGION
Global
Research Code: K2F1-01-00-00-00
SKU: HC03072-GL-MR_22256

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Description

As healthcare evolves toward personalized solutions, everyday consumers are proactively taking responsibility for their health in ways unimaginable a decade ago. A direct-to-consumer genetic test (DTCGT) exemplifies this trend which can be purchased and used directly by consumers without the requirement of a prescription from a healthcare provider. The tests can be purchased online from distribution channels such as DTCGT company websites, e-commerce channels, and online pharmacies.

Challenges faced by the industry include unclear regulations, lack of standard guidelines, low test margins, concerns related to scientific validity and consumer data privacy. However, drivers such as increased consumer awareness, approval of health risk genetic tests in the United States, development of significantly modified tests with robust scientific validation and data monetization collaborations with stakeholders such as pharmaceutical companies have provided a strong impetus to the growth of the DTCGT market. With the synergistic effect of advanced technologies such as Artificial Intelligence, Big Data Analytics, and Blockchain on the traditional genetic testing market, along with the adoption of novel distribution models, the market growth is anticipated to increase dramatically in the next five years.

Research Scope

The key objective of the growth insights on the DTCGT market is to highlight current market dynamics such as key market participants, market segments and evolving business opportunities. The study aims to identify both established enterprises and start-ups, which are capable of shaping the future through best practices implementation, visionary leadership, and innovation in product offerings. Further, the study provides an analysis of market sizing by revenue segregated by ancestry genetic tests, health risk genetic tests and lifestyle genetic tests. It covers the key drivers, challenges in the market impeding growth, competitive landscape, market participant strategies and future growth strategies. The study also highlights growth opportunities, key trends, mergers and acquisitions, novel distribution models, geographical lucrativeness, notable partnerships, investor funding, collaboration opportunities and key companies to watch. The study is global with deep dives for North America, Europe, Asia Pacific, Middle East and Africa.

Major participants mentioned in the study are 23andMe, Ancestry, National Geographic Geno 2.0, Helix, Mapmygenome, Atlas Biomed, MyHeritage, 23mofang, EasyDNA and DNALabsUAE.


Key Issues Addressed

  • How attractive is the DTCGT market? Which segments are anticipated to grow in the future and their market? 
  • What are the factors driving the demand for DTCGT? What are the business and distribution models that will affect the market?
  • What will be the focal areas of application of technology? Which emerging regions are more lucrative than others?
  • What are the factors impacting solution providers? What are the market dynamics around the key trends as well as market drivers and restraints?
  • Which are the game-changing companies at work? What are the strategic levers to stay on the growth trajectory?
  • What are the key growth opportunities and investment recommendations in this space?

Table of Contents

Key Findings

Market Engineering Measurements

Scope and Segmentation

Big Market Themes

Future Trends—Three Big Predictions

Market Background

Market Segmentation

Investor Funding for Top 3 DTCGT Companies

Market Drivers

Market Restraints

Macro to Micro Visioning

Mega Trends Shaping the DTCGT Market

Prevalent Business Models

Key Distribution Models

Disruptive Market Players

Regional Analysis

Regional Regulatory Environment Analysis

Market Engineering Measurements

Global Revenue Forecast

Change in Percent Share of DTCGT Segments

Competitor Landscape

Product Portfolio Assessment

Growth Opportunity 1—Explore Emerging Regions Such as China, South Korea, India, South Africa and UAE for Business Expansion

Growth Opportunity 2—Partner with Genetic Counselors to Provide Pre- and Post-test Assessment Service to Boost Consumer Brand Loyalty

Growth Opportunity 3—Explore Avenues to Educate Consumers and Genetic Councilors Through Training and Advertisements for Better Understanding of Report Outcomes

Growth Opportunity 4—Bolster Distribution Strategies through Tie-ups with E-commerce, Special Marketplace, Online Pharmacies and Retail Supermarkets for Expanding Outreach

Growth Opportunity 5—Strategize to Expand Product Portfolio into Newer Areas Such as Microbiome, Forensic Tests and DTCGT for Pets to Increase Revenue

Growth Opportunity Matrix

Strategic Imperatives for the DTCGT Market

Ancestry Genetic Tests Revenue Forecast

Key Companies to Watch

Health Risk Genetic Tests Revenue Forecast

Key Companies to Watch

Lifestyle Genetic Tests Revenue Forecast

Key Companies to Watch

Future Trends—Three Big Predictions

Legal Disclaimer

Sub-segmentation Definition

Acquisition and Partnership Assessment

Competitive Product Matrix

List of Exhibits

List of Figures
  • 1. DTCGT Market: Key Market Drivers, Global, 2018–2022
  • 2. DTCGT Market: Key Market Restraints, Global, 2018–2022
  • 3. DTCGT Market: Entry of Non-Traditional Players, Global, 2017
  • 4. DTCGT Market: DTCGT & GDPR, EU, 2018
  • 5. DTCGT Market: Health Risk DTCGT Approval by US FDA, US, 2018
  • 6. DTCGT Market: Business Model for DTCGT Companies, Global, 2017
  • 7. DTCGT Market: Distribution Model for DTCGT Companies, Global, 2017
  • 8. DTCGT Market: Disruptive Market Players, Global, 2017
  • 9. DTCGT Market: Market Engineering Measurements, Global, 2017
  • 10. DTCGT Market: Growth Opportunity Matrix, Global, 2017–2022
  • 11. DTCGT Market: Competitive Product Matrix, Global, 2017
List of Charts
  • 1. DTCGT Market: Market Engineering Measurements, Global, 2017
  • 2. DTCGT Market: Evolution of DTCGT Market, United States, 2003–2017
  • 3. DTCGT Market: Reduction in Cost per Whole Genome, Global, 2012–2017
  • 4. DTCGT Market: Consumer Data Privacy, United States, 2017
  • 5. DTCGT Market: E-commerce Marketing, Global, 2017
  • 6. DTCGT Market: New Marketing Avenues, Global, 2017
  • 7. DTCGT Market: False Positives in DTCGT, Global, 2017
  • 8. DTCGT Market: Revenue Forecast, Global, 2016–2022
  • 9. DTCGT Market: Revenue Forecast, Global, 2016–2022
  • 10. DTCGT Market: Change in Percent Share of DTCGT Segments, Global, 2016–2022
  • 11. DTCGT Market: Percent Tests Breakdown by DTCGT Segments, Global, 2017
  • 12. DTCGT Market: Market Share by Volume, Global, 2017
  • 13. DTCGT Market: Product Portfolio Assessment, Global, 2017
  • 14. Ancestry Genetic Tests Segment: Revenue Forecast, Global, 2016–2022
  • 15. Health Risk Genetic Tests Segment: Revenue Forecast, Global, 2016–2022
  • 16. Lifestyle Genetic Tests Segment: Revenue Forecast, Global, 2016–2022
Related Research
As healthcare evolves toward personalized solutions, everyday consumers are proactively taking responsibility for their health in ways unimaginable a decade ago. A direct-to-consumer genetic test (DTCGT) exemplifies this trend which can be purchased and used directly by consumers without the requirement of a prescription from a healthcare provider. The tests can be purchased online from distribution channels such as DTCGT company websites, e-commerce channels, and online pharmacies. Challenges faced by the industry include unclear regulations, lack of standard guidelines, low test margins, concerns related to scientific validity and consumer data privacy. However, drivers such as increased consumer awareness, approval of health risk genetic tests in the United States, development of significantly modified tests with robust scientific validation and data monetization collaborations with stakeholders such as pharmaceutical companies have provided a strong impetus to the growth of the DTCGT market. With the synergistic effect of advanced technologies such as Artificial Intelligence, Big Data Analytics, and Blockchain on the traditional genetic testing market, along with the adoption of novel distribution models, the market growth is anticipated to increase dramatically in the next five years.--BEGIN PROMO--

Research Scope

The key objective of the growth insights on the DTCGT market is to highlight current market dynamics such as key market participants, market segments and evolving business opportunities. The study aims to identify both established enterprises and start-ups, which are capable of shaping the future through best practices implementation, visionary leadership, and innovation in product offerings. Further, the study provides an analysis of market sizing by revenue segregated by ancestry genetic tests, health risk genetic tests and lifestyle genetic tests. It covers the key drivers, challenges in the market impeding growth, compe

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Table of Contents | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || Scope and Segmentation~ || Big Market Themes~ || Future Trends—Three Big Predictions~ | Market Overview~ || Market Background~ || Market Segmentation~ || Investor Funding for Top 3 DTCGT Companies~ | Market Drivers and Restraints~ || Market Drivers~ || Market Restraints~ | Visioning Scenarios~ || Macro to Micro Visioning~ || Mega Trends Shaping the DTCGT Market~ || Prevalent Business Models~ || Key Distribution Models~ || Disruptive Market Players~ | Regional Landscape~ || Regional Analysis~ || Regional Regulatory Environment Analysis~ | Global Market Forecast~ || Market Engineering Measurements~ || Global Revenue Forecast~ || Change in Percent Share of DTCGT Segments~ | Competitive Environment~ || Competitor Landscape~ || Product Portfolio Assessment~ | Growth Opportunities~ || Growth Opportunity 1—Explore Emerging Regions Such as China, South Korea, India, South Africa and UAE for Business Expansion~ || Growth Opportunity 2—Partner with Genetic Counselors to Provide Pre- and Post-test Assessment Service to Boost Consumer Brand Loyalty~ || Growth Opportunity 3—Explore Avenues to Educate Consumers and Genetic Councilors Through Training and Advertisements for Better Understanding of Report Outcomes~ || Growth Opportunity 4—Bolster Distribution Strategies through Tie-ups with E-commerce, Special Marketplace, Online Pharmacies and Retail Supermarkets for Expanding Outreach~ || Growth Opportunity 5—Strategize to Expand Product Portfolio into Newer Areas Such as Microbiome, Forensic Tests and DTCGT for Pets to Increase Revenue~ || Growth Opportunity Matrix~ || Strategic Imperatives for the DTCGT Market~ | Market Forecast by Segment~ || Ancestry Genetic Tests Revenue Forecast~ || Key Companies to Watch~ || Health Risk Genetic Tests Revenue Forecast~ || Key Companies to Watch~ || Lifestyle Genetic Tests Revenue Forecast~ || Key Companies to Watch~ | Last Word~ || Future Trends—Three Big Predictions~ || Legal Disclaimer~ | Appendix~ || Sub-segmentation Definition~ || Acquisition and Partnership Assessment~ || Competitive Product Matrix~ || List of Exhibits~ | The Frost & Sullivan Story~
List of Charts and Figures 1. DTCGT Market: Key Market Drivers, Global, 2018–2022~ 2. DTCGT Market: Key Market Restraints, Global, 2018–2022~ 3. DTCGT Market: Entry of Non-Traditional Players, Global, 2017~ 4. DTCGT Market: DTCGT & GDPR, EU, 2018~ 5. DTCGT Market: Health Risk DTCGT Approval by US FDA, US, 2018~ 6. DTCGT Market: Business Model for DTCGT Companies, Global, 2017~ 7. DTCGT Market: Distribution Model for DTCGT Companies, Global, 2017~ 8. DTCGT Market: Disruptive Market Players, Global, 2017~ 9. DTCGT Market: Market Engineering Measurements, Global, 2017~ 10. DTCGT Market: Growth Opportunity Matrix, Global, 2017–2022~ 11. DTCGT Market: Competitive Product Matrix, Global, 2017~| 1. DTCGT Market: Market Engineering Measurements, Global, 2017~ 2. DTCGT Market: Evolution of DTCGT Market, United States, 2003–2017~ 3. DTCGT Market: Reduction in Cost per Whole Genome, Global, 2012–2017~ 4. DTCGT Market: Consumer Data Privacy, United States, 2017~ 5. DTCGT Market: E-commerce Marketing, Global, 2017~ 6. DTCGT Market: New Marketing Avenues, Global, 2017~ 7. DTCGT Market: False Positives in DTCGT, Global, 2017~ 8. DTCGT Market: Revenue Forecast, Global, 2016–2022~ 9. DTCGT Market: Revenue Forecast, Global, 2016–2022~ 10. DTCGT Market: Change in Percent Share of DTCGT Segments, Global, 2016–2022~ 11. DTCGT Market: Percent Tests Breakdown by DTCGT Segments, Global, 2017~ 12. DTCGT Market: Market Share by Volume, Global, 2017~ 13. DTCGT Market: Product Portfolio Assessment, Global, 2017~ 14. Ancestry Genetic Tests Segment: Revenue Forecast, Global, 2016–2022~ 15. Health Risk Genetic Tests Segment: Revenue Forecast, Global, 2016–2022~ 16. Lifestyle Genetic Tests Segment: Revenue Forecast, Global, 2016–2022~
Author Nitin Naik
Industries Healthcare
WIP Number K2F1-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9611-B1,9612-B1,9627-B1,9A43-B1,9A4B-B1