The global at-home genetic testing market is expected to grow at a significant CAGR during the forecast period (2021-2027). Genetic tests are medical instruments that come in the form of kits or panels and are used to diagnose genetic illnesses in humans. Furthermore, blood samples from patients are collected throughout the procedure. These samples are then tested utilising test kits on laboratory machines. Furthermore, numerous sorts of tests are utilised to diagnose genetic abnormalities. Predictive and presymptomatic testing, carrier testing, prenatal and neonatal testing, diagnostic testing, pharmacogenomic testing, and other genetic tests are some instances of at-home genetic testing. Furthermore, these tests are utilised to diagnose medical disorders such as cancer, hereditary disease, and CVD.
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Owing to the rising incidences of genetic illnesses and cancer, as well as increased knowledge and adoption of personalised medications, the global at-home genetic testing market is predicted to grow significantly in the future. Genetic testing has been widely used in In pharmacogenomics, often known as drug-gene testing. Furthermore, developments in genetic testing methodologies are projected to enhance market growth during the forecast period. Untapped opportunity in developing countries is likely to present a lucrative growth opportunity for industry participants. For instance, in developing countries such as Brazil, India, and China, healthcare infrastructure investments have increased significantly, resulting in a boom in demand for at-home genetic testing in the region.
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The COVID-19 pandemic has also had a positive impact on the market. Following the WHO’s declaration of COVID-19 as a pandemic, countries around the world implemented lockdowns to enforce social distance as a preventative precaution. This increased the demand for at-home genetic testing to limit the spread of the virus and to maintain social distancing. Genetic testing giants such as GeneDx offered a service in which they deliver clinician-ordered genetic tests. Clinics and healthcare practitioners, as well as patients, are now utilizing telemedicine to undertake genetic counselling. Furthermore, as prenatal testing is so important, it is less affected by all types of genetic testing.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered
- Regions Covered- Globally
- Competitive Landscape: Laboratory Corporation of America Holdings, Myriad Genetics, Inc., Quest Diagnostics, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global At-Home Genetic Testing Market Report Segmentation
By Type
- Diagnostic Screening
- Relationship Testing
- PGD
By Application
- Offline
- Online
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