Meticulous Research® has released a new market study titled “Direct-to-Consumer (DTC) Laboratory Testing Market By Application (Genetic Testing, Diabetes, COVID, STD), Sample Type (Saliva, Urine, Blood) – Global Forecast to 2030.”
Market Growth Forecast
According to the report, the DTC laboratory testing market is set to grow to $7.92 billion by 2030, expanding at a CAGR of 10.9% from 2023 to 2030. Factors fueling this growth include the increasing emphasis on personal health management, convenience, and affordability offered by DTC tests. As healthcare costs continue to rise, more consumers are turning to direct-to-consumer solutions. The growing prevalence of chronic and infectious diseases, combined with the aging population’s interest in ancestry and genealogical testing, also plays a pivotal role in the market’s upward trend.
Download Sample Report @ https://www.meticulousresearch.com/download-sample-report/cp_id=5351
Challenges Facing the Market
However, several challenges are impeding the growth of this market. Key issues include sample integrity, regulatory uncertainty, and limited test reimbursement options. Additionally, DTC testing offerings are often narrower compared to those of conventional laboratories, which could curb the potential for market expansion.
Opportunities for Future Expansion
Opportunities for growth are emerging in telehealth and pharmacogenomics, particularly in developing markets. Yet, concerns regarding privacy, the potential misinterpretation of test results, and the lack of professional medical advice following testing remain significant challenges. Addressing these challenges will be critical for companies aiming to capitalize on the rising demand for DTC lab tests.
Market Segmentation and Outlook
The report segments the market by application (genetic testing, routine clinical testing, and others) and sample type (blood, saliva, urine). Genetic testing holds the largest share, largely driven by consumer interest in preventive health and family history research. Blood sample-based testing is also prevalent due to its wide application in monitoring chronic diseases.
Geographic Market Trends
North America leads the global market, followed closely by Europe and the Asia-Pacific region. In North America, the market benefits from high levels of health awareness, disposable income, and a high incidence of chronic diseases. These factors make it a dominant region for DTC laboratory testing services.
Browse in Depth : https://www.meticulousresearch.com/product/direct-to-consumer-laboratory-testing-market-5351
Key Players
The key players operating in the global DTC laboratory testing market are Quest Diagnostics Incorporated (U.S.), Laboratory Corporation of America Holdings (U.S.), 23andMe Holding Co. (U.S.), Myriad Genetics, Inc. (U.S.), Everlywell, Inc. (U.S.), DirectLabs, LLC. (U.S.), Ancestry.com, LLC (U.S.), MyMedLab, Inc. (U.S.), ANY LAB TEST NOW (U.S.), Thorne HealthTech, Inc. (U.S.), and LetsGetChecked, Inc. (U.S.).
Other than these, there are several regional players such as Color Health, Inc. (U.S), Laboratoire CERBA (France), MyHeritage Ltd. (Israel), Genova Diagnostics Inc. (U.S.), Gene by Gene, Ltd. (U.S.), Metropolis Healthcare Limited (India), Vitagene (U.S.), SRL Limited (India), Hirotsu Bio Science (Japan), Ambry Genetics Corporation (U.S.), Mapmygenome India Limited (India), FamilyTreeDNA (U.S.), Genera (Brazil), Veritas Intercontinental (Spain), Medichecks.com Ltd. (U.K.), EasyDNA (U.S.) (Subsidiary of Genetic Technologies Limited (Australia), Cerascreen Biotech LLC (U.K.), and Living DNA Ltd (U.K.).
Key questions answered in the report-
Which are the high-growth market segments in terms of applications, sample type, and region/country?
What was the historical market size for DTC laboratory testing across the globe?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, opportunities, and challenges in the global DTC laboratory testing market?
Who are the major players in the DTC laboratory testing market?
How is the competitive landscape, and who are the market leaders in the global DTC laboratory testing market?
What are the recent developments in the global DTC laboratory testing market?
What are the different strategies adopted by the major players in the global DTC laboratory testing market?
What are the geographical trends and high-growth regions/countries?
Buy Now : https://www.meticulousresearch.com/Checkout/97746156
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
DTC Laboratory Testing Market Estimated at .92 Billion by 2030