Consumer Genomics Market To Be Driven By The Growing Potential For Genetic Testing Applications In The Forecast Period Of 2023-2028

30 NORTH GLOUD STREET, WYOMING, UNITED STATES, February 2, 2023 /EINPresswire.com/ -- The new report by Expert Market Research titled, ‘Global Consumer Genomics Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global consumer genomics market, assessing the market based on its segments like applications, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2018-2028)

Historical Market Size (2020): USD 1.5 Billion
Forecast CAGR (2023-2028): 20%

Because of the growing potential for genetic testing applications, the consumer genomics market is on the verge of becoming a mainstream phenomenon. In addition, the consumer genomics industry is expected to gain from the constant development in the deployment of genealogy services throughout the world, which allow consumers to analyze their forebears, family tree, and risk of developing genetic health conditions.

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The fast-evolving technology and increased consumer awareness about the danger of developing genetic or other illnesses are likely to boost the global consumer genomics market throughout the forecast period.

Consumer Genomics Industry Definition and Major Segments

Consumer genomics is the field of genomics concerned with the sequencing, analysis, and interpretation of an individual’s genome.

Read Full Report with Table of Contents –https://www.expertmarketresearch.com/reports/consumer-genomics-market

The industry can be broken down based on application into:

Genetic Relatedness
Diagnostics
Lifestyle, Wellness, and Nutrition
Ancestry
Reproductive Health
Personalised Medicine and Pharmacogenetic Testing
Sports Nutrition and Health
Others

Regionally, the industry can be segmented into:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Consumer Genomics Market Trends

Some important industrial developments have recently demonstrated the potential to boost the market’s growth throughout the forecast period. For example, Ancestry introduced the AncestryHealth service based on Next Generation Sequencing (NGS) in August 2020.

Other ancestry-based tests offered by the company include Family Tree DNA and National Geographic’s Genographic Project, which give maternity, paternity, sibling, and grandparent identification.

Key Market Players

The major players in the market are Ancestry, 23andMe Inc., Gene by Gene Ltd., Mapmygenome, Color Genomics Inc., Positive Biosciences Ltd., Futura Genetics, and Others.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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