Navigating the Future of DNA Test Kits 2024-2033
The Business Research Company’s DNA Test Kits Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, June 18, 2024 /EINPresswire.com/ — The DNA test kits market size has seen substantial growth in recent years, surging from $1.74 billion in 2023 to $2.09 billion in 2024, at a notable CAGR of 19.7%. This growth is attributed to several factors including the rise in direct-to-consumer genetic tests, increased demand for health and fitness-related DNA testing, a growing geriatric population, rising prevalence of cancer, and heightened demand for disease diagnostics.
Expanding Applications Drive Market Growth
The DNA test kits market is expected to continue its rapid expansion, reaching $4.31 billion by 2028, with a projected CAGR of 19.9%. This growth is fueled by increasing demands for personalized drug development, a focus on personalized medicine, rising healthcare expenditures, and a shift towards preventive healthcare measures. Furthermore, advancements in genetic testing technologies, integration with digital health platforms, and the application of AI and machine learning algorithms are set to drive market evolution.
Explore the global DNA test kits market with a detailed sample report:
https://www.thebusinessresearchcompany.com/sample_request?id=15357&type=smp
Leading Players and Market Innovations
Major companies such as F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., and Abbott Laboratories are at the forefront of the DNA test kits market, focusing on innovation to maintain a competitive edge. For example, companies like Illumina Inc. and PerkinElmer Inc. are developing advanced genetic sequencing technologies, while Myriad Genetics Inc. and 23andMe Holding Co. expand their offerings in ancestry and health-related genetic testing.
Market Segmentation
The DNA test kits market is segmented based on sample type, application, and end-user:
• Sample Type: Saliva, Blood, Tissue, Teeth And Bone, Hairs, Other Sample Types
• Application: Ancestry Testing, Diet And Nutrition, Disease Risk Assessment, Other Applications
• End User: Hospitals, Diagnostics And Forensics Laboratories, Academic And Research Institutes, Other End Users
Regional Insights: Asia-Pacific Spearheads Growth
North America dominated the DNA test kits market in 2023, driven by technological advancements and high healthcare expenditure. However, Asia-Pacific is anticipated to be the fastest-growing region, owing to increasing awareness and adoption of genetic testing technologies.
Access the complete report for an in-depth analysis of the global DNA test kits market:
https://www.thebusinessresearchcompany.com/report/dna-test-kits-global-market-report
DNA Test Kits Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The DNA Test Kits Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on DNA test kits market size, DNA test kits market drivers and trends, DNA test kits market major players, competitors’ revenues, market positioning, and market growth across geographies. The DNA test kits market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Recombinant DNA Technology Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/recombinant-dna-technology-global-market-report
Prenatal DNA Sequencing Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/prenatal-dna-sequencing-global-market-report
Viral Vectors And Plasmid DNA Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/viral-vectors-and-plasmid-dna-global-market-report
About The Business Research Company
The Business Research Company has published over 27 industries, spanning over 8000+ markets and 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn
