North America to dominate the Global Genetic Genealogy Market till 2026
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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