I ran across an article that proposes to sell their report on the global genetic genealogy market. The report is 120 pages in PDF format and comes at a cost of only $4900!! From my standpoint and those of most of my readers, we’re happy to just know that the global market through 2026 will continue to grow – no doubt about it.
I found the article interesting, even if I’m not in a position to buy their report. Following is an excerpt.
Global Genetic Genealogy Market, By Test Type (DNA Profiling v/s DNA Testing), By Application (Direct Maternal Lineages, Direct Paternal Lineages, Ancestral Origins, Law Enforcement, Others), By End User (Direct-to-Consumer Testing Companies, Research Institutes & Academic Organizations, Others), By Region, Company Forecast & Opportunities, 2026
The global genetic genealogy market is expected to grow at a significant rate in the forecast period. The increasing prevalence of chronic diseases is considered as the major driver in the forecast period.
The ongoing development of pharmacogenomics which is defined as the study of genetics and the effects of medication on the human body is on the rise to cater to the needs of the population across the globe. The surge in awareness among consumers regarding the benefits of preventive healthcare is contributing to fuel the genetic genealogy market demand in the next five years.
High-end investment by the leading authorities for research and development activities to upgrade the existing infrastructure is a significant factor accelerating the genetic genealogy market growth. Genetic genealogy improves the quality of healthcare services provided to the patients which can create lucrative opportunities for market growth as quality healthcare services are in high demand.
With the help of genetic genealogy, healthcare facilities can provide personalized treatment to their patients to keep up with the standard quality parameters in providing effective treatment and other services. Major players are adopting the studies of genetic genealogy to formulate effective products according to the patient’s needs.
The global genetic genealogy market is segmented into test type, application, end user, regional distribution, and company.Based on regional analysis, the North America region is expected to dominate the market for the forecast period, 2022-2206.
The presence of major market players in the region along with well-developed healthcare infrastructure is the main factor responsible for high market growth. Strong economic growth and high-end investments by the major players are leading to a surge in market growth.
High awareness among the consumers regarding the benefits of quality treatment along with the presence of favorable reimbursement policies to avail healthcare services is contributing to the rise in the market growth.
The major players operating in the global genetic genealogy market are 23AndMe, AncestryDNA, MyHeritage, Sequencing.com, FTDNA (Family Tree DNA, GEDmatch, DNASolves, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022–2026