DNA Test Kits Market Expansion 2024-2033: Growth Drivers and Dynamics

The dna test kits global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

DNA Test Kits Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The DNA test kits market size has grown rapidly in recent years. It will grow from $1.74 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 19.7%. The growth in the historic period can be attributed to an increase in the number of direct-to-consumer genetic tests, a rise in demand for DNA testing for health & fitness, the rise in the geriatric population, an increase in the prevalence of cancer, and rising demand for disease diagnostics.

The DNA test kits market size is expected to see rapid growth in the next few years. It will grow to $4.31 billion in 2028 at a compound annual growth rate (CAGR) of 19.9%. The growth in the forecast period can be attributed to rising demand for personalized drug development, increased focus on personalized medicine, rising healthcare expenditure, increased demand for health-focused tests, focus on preventive healthcare, and increasing focus on population health management. Major trends in the forecast period include genetic testing technologies, digital health platforms, electronic medical records (EMRs), wearable devices, artificial intelligence (AI) and machine learning algorithms, drug development, ecological monitoring, biodiversity assessment, and wildlife conservation.

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Scope Of DNA Test Kits Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

DNA Test Kits Market Overview

Market Drivers –
The increasing number of genetic disorders are expected to propel the growth of the DNA test kits market going forward. Genetic disorders refer to health problems caused by abnormalities in the genome, which can be due to mutations in single genes (monogenic), multiple genes (polygenic), or chromosomal abnormalities. Genetic disorders are rising due to increased awareness, improved diagnostic techniques, changes in lifestyle, and environmental factors contributing to mutations. DNA test kits are utilized in genetic disorders to identify specific gene mutations or variations associated with inherited conditions, aiding in diagnosis and personalized treatment approaches. For instance, in April 2024, according to the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, one in 700 babies, or approximately 6,000 newborns, are affected by Down syndrome each year. Furthermore, in February 2023, according to the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations responsible for international public health, congenital diseases caused an estimated 240,000 baby deaths globally within 28 days of birth each year. Therefore, increasing genetic disorders are driving the growth of the DNA test kits market.

Market Trends –
Major companies operating in the DNA test kits market are focused on developing innovative products such as personalized DNA kits, to gain a competitive edge. Personalized DNA kits are genetic testing kits that analyze an individual’s DNA to provide customized insights into their health, ancestry, and traits. For instance, in April 2023, MapMyGenome, an India-based genomics company, launched BeautyMap, India’s first DNA-based test kit that provides personalized recommendations for skin and hair care products based on a person’s unique genetic makeup. The test includes a free genetic counseling session with a certified genetic counselor, who assists the individual in interpreting the results and making informed decisions about their customized beauty regimen.

The DNA test kits market covered in this report is segmented –

1) By Sample Type: Saliva, Blood, Tissue, Teeth And Bone, Hairs, Other Sample Types
2) By Application: Ancestry Testing, Diet And Nutrition, Disease Risk Assessment, Other Applications
3) By End User: Hospitals, Diagnostics And Forensics Laboratories, Academic And Research Institutes, Other End Users

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Regional Insights –
North America was the largest region in the DNA test kits market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the DNA test kits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –
Major companies operating in the DNA test kits market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Becton, Dickinson and Company, GE HealthCare Technologies Inc., Laboratory Corporation of America Holdings (LabCorp), Quest Diagnostics Incorporated, Eurofins Scientific SE, Agilent Technologies Inc., Illumina Inc., PerkinElmer Inc., Beckman Coulter Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Natera Inc., Myriad Genetics Inc., BGI Genomics Co. Ltd., NeoGenomics Laboratories Inc., Ancestry.com LLC, 23andMe Holding Co, Ambry Genetics Corporation, MyHeritage Ltd., CENTOGENE N.V., Everlywell Inc., Gene by Gene Ltd., Zymo Research Corporation, Devyser, Living DNA Ltd, Veritas Genetics, Nebula Genomics

Table of Contents
1. Executive Summary
2. DNA Test Kits Market Report Structure
3. DNA Test Kits Market Trends And Strategies
4. DNA Test Kits Market – Macro Economic Scenario
5. Global DNA Test Kits Market Size and Growth
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32. Global DNA Test Kits Market Competitive Benchmarking
33. Global DNA Test Kits Market Competitive Dashboard
34. Key Mergers And Acquisitions In The DNA Test Kits Market
35. DNA Test Kits Market Future Outlook and Potential Analysis
36. Appendix

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