Global Consumer Genomics Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Consumer Genomics Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Application (Genetic Relatedness, Diagnostics, Lifestyle, Wellness, & Nutrition, Ancestry, Personalized Medicine & Pharmacogenetic Testing, Sports Nutrition & Health, and Other Application Types), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Consumer Genomics Market was valued at USD 1,577.2 million in 2023 and is expected to reach USD 9,281.3 million by 2031 while growing at a CAGR of 24.8% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global Consumer Genomics market growth. Consumer genomics, a branch of genomics, delivers genetic information directly to individuals through commercial services. This involves analyzing an individual's DNA to reveal details about ancestry, genetic traits, health risks, and more. Users leverage these services to gain insights into their genetic makeup, enabling informed decisions about health, lifestyle, and relationships.
Advancements in genomics technology and growing awareness of privacy issues tied to genetic data are expected to drive significant growth in the Consumer Genomics market. Despite this potential, challenges such as heightened privacy concerns and the absence of standardized guidelines, along with stringent regulations, may impede market expansion.
Furthermore, the global Consumer Genomics industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Application Analysis
The Global Consumer Genomics Market is segmented among Genetic Relatedness, Diagnostics, Lifestyle, Wellness, & Nutrition, Ancestry, Personalized Medicine & Pharmacogenetic Testing, Sports Nutrition & Health, and Other Application Types, based on Application. In 2023, Genetic Relatedness accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Consumer Genomics Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are 23andMe, Inc., Positive Biosciences, Ltd, Futura Genetics, Helix OpCo LLC, MyHeritage Ltd, Pathway Genomics, Veritas, Illumina, Inc., Xcode Life, and Toolbox Genomics.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Consumer Genomics Market Dynamics
Drivers
Restraints
Opportunity
4. Global Consumer Genomics Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Consumer Genomics Market Segmentation, By Application
Global Consumer Genomics Market Share Analysis, By Application
Global Consumer Genomics Market Growth Analysis, By Application
Global Consumer Genomics Market Trends, By Application
o Genetic Relatedness
o Diagnostics
o Lifestyle, Wellness, & Nutrition
o Ancestry
o Personalized Medicine & Pharmacogenetic Testing
o Sports Nutrition & Health
o Other Application Types
6. Global Consumer Genomics Market Segmentation, By Region
Global Consumer Genomics Market Share Analysis, By Region
Global Consumer Genomics Market Growth Analysis, By Region
Global Consumer Genomics Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
7. Competitive Landscape
23andMe, Inc.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Positive Biosciences, Ltd
Futura Genetics
Helix OpCo LLC
MyHeritage Ltd
Pathway Genomics
Veritas
Illumina, Inc.
Xcode Life
Toolbox Genomics
*Similar analysis will be provided for each company listed above.