Global DNA Test Kit Market Opportunity > USD 10 Billion by 2028.
Home DNA Test Kit Market Opportunity Forecast 2028 Report highlights:
- Global DNA Test Kit Market Opportunity > USD 10 Billion by 2028
- DNA Test Kit Price Analysis by Company, Country & Indication
- DNA Testing Kit Availability By Country & Application
- Home Genetic Testing Kit Market Analysis by Application: Ancestry, Nutrigenomics, Parenting, Chronic Diseases
- Ancestry Genetic Testing Kit Market Opportunity > USD 2 Billion
- Global Market Analysis By Country: US, Canada, UK, Japan, India, China, Russia, Taiwan, South Korea, Europe, Singapore, Malaysia, Turkey, Australia, middle East
Download Report: https://www.kuickresearch.com/report-dna-test-kit-market
Genetic testing is highly complex process of determining genetic codes which is gaining popularity among individuals for determining person’s potential to be infected to certain type of diseases, hence allowing for intervention before any onset of symptoms to any chronic diseases such as cancer, cardiovascular diseases, diabetes, and others. Apart from this, genetic testing is also used to determine the biological origins or relationships among humans. To further ease the genetic testing, several pharmaceutical giants offer home genetic testing kits which can be easily carried out at home without any supervision.
Globally, more than 150 home genetic testing kits are available in the market which has wide range of uses including determining the risk of developing disease, ancestral origin, general wellness, parenting, and others. Although these kits have entered the market from last 15 years, but they have gained considerable momentum in the market in last few years which is mainly due to spread of COVID-19 globally which have driven the need of home genetic kits. The spread of pandemic has pushed the pharmaceutical companies to develop several kits for the diagnosis of COVID-19. For instance in 2021, Mylab Discovery Solutions has launched India’s first self-testing kit for COVID-19, which has also received approval from Indian Council of Medical Research (ICMR). The novel test can be done in two minutes and can give results in 15 minutes.
The global home genetic testing kit market is highly competitive and the key players have adopted strategic alliances including collaboration, partnerships, or joint ventures to propel the growth of market. For instance in 2021, BD also announced collaboration with Scanwell Health to create an at-home rapid test for SARS-CoV2 using a BD antigen test and Scanwell Health mobile app. As a part of this collaboration, BD has planned to produce lateral flow antigen test and pair it with Scanwell mobile app. The app is expected to provide step by step instructions on how to collect and transfer a nasal swab sample and use the mobile device’s camera to analyze and interpret results. This approach is intended to provide an efficient and scalable rapid antigen testing solution.
By therapeutic applications, ancestry segment is currently dominating the market due to rising interest of population in finding about their ancestral origin. The majority of older population thinks that the younger population should have an idea of their ancestral origin which makes them curious, proud, and connected. However in forthcoming years, the disease risk and diagnostic home genetic kits segment is expected to dominate the market which is mainly attributed to surge in prevalence of cancers and rising awareness among individuals for the early diagnosis of the disease. Further, advancement in the field of genomics and identification of potential early biomarkers will also drive the further research and development activities among pharmaceutical giants.
As per report findings, the global home genetic testing kit market is expected to surpass US$ 10 Billion by 2028. The increasing adoption to sedentary lifestyle and subsequent increase in the prevalence of diseases has increased the demand of genetic testing for the early diagnostic of the disease and better healthcare facilities. The report provides comprehensive analysis on the available home genetic kits in the market along with their pricing. Based on regions, the market is segmented across US, South Korea, China, Japan, Europe, Taiwan, and others. Regionally, US followed by Europe dominated the global market due to increased awareness and presence of large key players. In addition, Japan and China are also expected to register high growth rates during the forecast period which is mainly attributed to large population base. Some of the leading players mentioned in the report are Myriad Genetics, EasyDNA, DNAFit, Mapmygenome, ColorHealth, 23andME, MyHeritage, AncestryDNA, and others.
Contact:
Neeraj Chawla
Research Head
Kuick Research
+91-9810410366