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Thursday, November 25, 2021

Global Consumer Genomics Market To Be Driven By The Growing Potential For Genetic Testing Applications In The Forecast Period Of 2021-2026

 The new report by Expert Market Research titled, ‘Global Consumer Genomics Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, 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.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 1.5 Billion
• Forecast CAGR (2021-2026): 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. 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.

Industry Definition and Major Segments

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

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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

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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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Informes de Expertos (, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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