Consumer Genomics Market Size, Share Global Analysis Report, 2019 – 2026

Industry Insights

The consumer genomics market report analyzes and notifies the industry statistics at the global as well as regional and country levels to acquire a thorough perspective of the entire consumer genomics market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD 2.70 Billion) from FY 2016 – 2026.

This technical and expertise-oriented industry research report scrutinizes the consumer genomics industry's technical and commercial business outlook. The report analyzes and declares the historical and current trends analysis of the consumer genomics industry and subsequently recommends the projected trends anticipated to be observed in the consumer genomics market during the upcoming years.

Key Insights from Primary Research

• As per our primary respondents, the global consumer genomics market is set to grow annually at a rate of around 20%.
• It was established through primary research that the global consumer genomics market was valued at around USD 1,440 Million in 2019.
• The “genetic relatedness” category, on the basis of application segmentation, was the leading revenue-generating category in 2019.
• Based on the region, North America was the leading revenue-generating category in 2019.

Key Recommendations from Analysts

• As per our analysis, the global consumer genomics market is growing at a high CAGR and various end-use industries are aware of this potential market and applications of consumer genomics.
• Growing at a CAGR of around 20.2%, the global consumer genomics market provides numerous opportunities for all of the involved stakeholders across the entire value chain.
• Our analysts have identified genetic relatedness segment will be dominating for global consumer genomics market in terms of application.
• As per our analysis, North America is expected to account for the maximum revenue share, in the target market.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the consumer genomics industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the consumer genomics industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the consumer genomics market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the consumer genomics industry. The consumer genomics market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market positions in the consumer genomics sector. Key strategic developments in the consumer genomics market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the consumer genomics market are appropriately highlighted in the report.

The consumer genomics market is estimated to develop with a healthy CAGR in the upcoming years. Factors such as lowering the cost of sequencing, increasing accessibility of genomic products to consumers, reduction in prices of personal genomic products, decrease in fixed costs, in-house resource deployment by corporations, lowering the cost of individual genomic products, attempts by major organizations to reduce the cost of whole genomic sequencing will be the main driving force behind the growth of global consumer genomics market. Expanding the use of customer genomics and large-scale policy approaches in urban growth would serve as an open door for industry participants in the consumer genomics industry. In either case, the lack of knowledge, the lack of skilled workers, and the lack of awareness in low-wage countries would restrict the growth of the global consumer genomics market.

The global consumer genomics market has been segmented on the basis of application and region. On the basis of application, the consumer genomics market has been segmented into wellness, & lifestyle, diagnostics, personalized medicine, nutrition, ancestry, pharmacogenetic testing, reproductive health, genetic relatedness, sports nutrition & health, and others.

Report Scope

Competitive Players

Some of the essential players operating in the market are

•  Xcode Life
•  Toolbox Genomics
•  Positive Biosciences Ltd.
•  Pathway Genomics
•  MyHeritage Ltd.
•  Mapmygenome
•  Helix OpCo LLC
•  Gene By Gene Ltd.
•  Futura Genetics
•  Diagnomics Inc.
•  Color Genomics
•  Ancestry
•  23and Me Inc.

The taxonomy of the consumer genomics Market by its scope and segmentation is as follows:

By Application Segmentation Analysis

• Diagnostics
• Genetic Relatedness
• Nutrition, Wellness, & Lifestyle
• Reproductive Health
• Ancestry
• Sports Nutrition & Health
• Pharmacogenetic Testing
• Personalized Medicine
• Others

By Region Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest Of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East & Africa