North America Direct-to-Consumer Laboratory Testing Market: Introduction
The report provides key insights on the direct-to-consumer laboratory testing market in North America. The direct-to-consumer laboratory testing market in North America is projected to expand at a CAGR of 22.6% during the forecast period.
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Direct-to-consumer laboratory testing enables consumers to order laboratory tests. The consumer can initiate a lab test without permission from physician. Lab testing companies collect samples from consumers and provide results directly to consumers.
The direct-to-consumer laboratory testing is commonly applicable for saliva, blood test, urine, swabs, and other tests. direct-to-consumer laboratory testing can be performed for cancer, diabetes, pregnancy, hormone level, sexually transmitted disease, and others. The most widely performed tests use genetic variations to make predictions about health and deliver information about common traits.
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North America Direct-to-Consumer Laboratory Testing Market Dynamics
Direct-to-consumer laboratory healthcare services are rapidly expanding in North America. The growing direct-to-consumer laboratory testing market could raise awareness about health issues and genetic diseases, allowing patients to be more proactive in their healthcare system. The DTC model eliminates the need of an appointment and significantly shortens the time and process for the consumer. The growth of the direct-to-consumer laboratory testing market in the region is driven by the low cost of testing and confidentiality of test results.
In direct-to-consumer (DTC) laboratory testing, at-home lab tests without lab visits or doctor referrals are offered. People have become health conscious and pay significant attention to the early detection of diseases. This drives the demand for direct-to-consumer laboratory testing, as these deliver diagnostic results within 24 to 48 hours. The direct-to-consumer laboratory testing market in the U.S. is regulated at federal and state levels. The Food and Drug Administration reviews the test kits and medical claims. The direct-to-consumer laboratory testing market in North America is likely to witness strong growth during the forecast period due to standard regulatory system.
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North America Direct-to-Consumer Laboratory Testing Market: Key Players
Major players operating in the direct-to-consumer laboratory testing market in North America are Laboratory Corporation of America, Quest Diagnostics Incorporated, 23andMe Biotechnology, Any Lab Test Now, Everlywell Health, MyMedLab, Inc., Color Genomics, Ancestry, Direct Laboratory Services, LLC, WellnessFX, and LetsGetChecked, among others.
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