Surge in funding and investments by the research institutes to advance the genetic genealogy is expected to drive the demand for global genetic genealogy market in the forecast period.
According to TechSci Research report, “Global Genetic Genealogy Market By Test Type (DNA Profiling v/s DNA Testing) By Application (Direct Maternal Lineages, Direct Paternal Lineages, Ancestral Origins, Law Enforcement, Others) By End User (Direct-to-Consumer Testing Companies, Research Institutes & Academic Organizations, Others), By Region, Company Forecast & Opportunities, 2026”, The global genetic genealogy market is expected to witness steady growth for the upcoming five years. Adoption of unhealthy eating habits including consumption of junk food and high-sugary containing edible food items and beverages is giving rise to a number of diseases such as diabetes which pose a serious health threat to the body is contributing to accelerate the market growth in the next five years. Increasing preference for sedentary lifestyle owing to long business hours resulting in the availability of less time left for physical activities is giving rise to a number of diseases thereby paving the way for the genetic genealogy market growth. The increasing prevalence of target diseases such as cancer is aiding to fuel the market growth. In the treatment of rare autoimmune diseases where time is the deciding factor, genetic genealogy plays a significant role as it is a kind of preventive healthcare system and provides insights about the impact of different medications on the human body. The rising adoption of genealogy services by consumers and physicians in order to locate the family members and gain knowledge about the lineage history of an individual is fostering the growth of the genetic genealogy market. Market players are adopting attractive campaigns to raise awareness about the benefits of genealogy testing which in turn is bolstering the market growth.
The occurrence of COVID-19 outbreak across the world which has been declared as a pandemic by the World Health Organization has affected the healthcare infrastructure in varied countries adversely. Leading authorities around the world imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus-affected patients started suffering from shortness of breath along with coughing and sneezing which require immediate medical attention in healthcare facilities. Leading authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. To speed up the process for providing effective treatment and identify the higher COVID-19 affected areas, healthcare professionals and market players with the approval of affected patients use the consumer genomics database to identify the genetic cues responsible for affecting the patients on such a large scale.
However, the lack of standardized regulations for genealogy products along with rising threats of data theft may pose a challenge to the global genetic genealogy market growth.
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Global genetic genealogy market is segmented into test type, application, end user, regional distribution, and company. Based on end user, the market can be divided into direct-to-consumer testing companies, research institutes & academic organizations, and others. The direct-to-consumer testing companies' end-user segment is expected to hold the major market share in the forecast period owing to the rise in demand from consumers and healthcare providers to avail the personalized genetic analysis. Based on the test type, the market can be further bifurcated into DNA profiling and DNA testing. DNA testing test type segment is expected to dominate the genetic genealogy market for the forecast period as it provides a plethora of services including data security, identification of ancestors, race thereby accelerating the growth of the segment.
23AndMe, AncestryDNA, MyHeritage, Sequencing.com, FTDNA (Family Tree DNA), GEDmatch, DNASolves are the leading players operating in global genetic genealogy market. Service providers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several genetic genealogy service providers are coming up with their technologically advanced offerings.
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“Market players are investing huge amounts for technological advancements for the existing system which is promoting the adoption of advanced technologies such as artificial intelligence and data science to increase the efficiency and accuracy of the obtained results. The use of big data analytics to trace lineage in genetic genealogy is paving the way for market growth. Also, the surging prevalence of novel genealogical DNA testing products and kits as they are more advance and provide improved results is contributing significantly to accelerate the global genetic genealogy market growth till 2026.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Genetic Genealogy Market By Test Type (DNA Profiling v/s DNA Testing) By Application (Direct Maternal Lineages, Direct Paternal Lineages, Ancestral Origins, Law Enforcement, Others) By End User (Direct-to-Consumer Testing Companies, Research Institutes & Academic Organizations, Others), By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of global genetic genealogy market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global genetic genealogy market.
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