DNA TEST KITS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global DNA test kits market is estimated to be valued at USD 1.86 Bn in 2024 and is expected to exhibit a CAGR of 16.4% during the forecast period (2024-2031). The DNA test kits market has witnessed significant growth in the recent past owing to the rising popularity of genome sequencing and genetic genealogy. DNA test kits make it easy for individuals to access their ancestry and genetic composition from the comfort of their homes by collecting saliva or cheek swab samples. Advancements in DNA sequencing technologies have enabled cost-effective whole genome sequencing, further driving the demand for home DNA test kits. Moreover, the increased availability of such kits through online channels has boosted their accessibility. However, privacy concerns around the use of genetic data could hamper market growth to some extent going forward.

Market Dynamics:

The global DNA test kits market is witnessing substantial growth driven by a few key factors. Rapid digitization and popularity of direct-to-consumer genetic testing is a major driver, as online availability of these kits has boosted their accessibility globally. Growing consumer interest in genealogy, genetic relationships, and ancestral lineage is another key growth driver. Technological advances in genome sequencing and reduction in DNA testing costs are further providing opportunities for market expansion. However, lack of strict regulations for data usage and privacy is a major challenge. Issues surrounding inaccurate or ambiguous test results pose a threat as well. Nonetheless, growing healthcare applications of genetic testing and the rise of personalized medicine are expected to create new avenues going forward.

Key Features of the Study:

• This report provides in-depth analysis of the global DNA test kits market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global DNA test kits market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study includes Devyser, Illumina, Inc., Living DNA Ltd,MyHeritage Ltd., Gene by Gene, Ltd., Ancestry, EasyDNA, Fitness Genes, Living DNA Ltd., Helix OpCo LLC, Veritas, Genesis Healthcare Co., Mapmygenome, and Pathway Genomics.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global DNA test kits market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global DNA test kits market.

Detailed Segmentation-

• Sample Type:
  • Saliva
  • Blood
  • Tissue
  • Teeth and Bone
  • Hairs
  • Others
• Application:
  • Ancestry Testing
  • Diet & Nutrition
  • Disease Risk Assessment
  • Others
• End User:
  • Hospitals
  • Diagnostics & Forensics Laboratories
  • Academic & Research Institutes
  • Others
• Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Devyser 
  • Illumina, Inc.
  • Living DNA Ltd
  • MyHeritage Ltd.
  • Gene by Gene, Ltd.
  • Ancestry
  • EasyDNA
  • Fitness Genes
  • Living DNA Ltd.
  • Helix OpCo LLC
  • Veritas
  • Genesis Healthcare Co.
  • Mapmygenome
  • Pathway Genomics