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  • Published In : Apr 2024
  • Code : CMI6887
  • Pages :162
  • Formats :
      Excel and PDF
  • Industry : Medical Devices

Market Size and Trends

The DNA test kits market is estimated to be valued at USD 1.86 Bn in 2024 and is expected to reach USD 5.40 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 16.4% from 2024 to 2031.

DNA Test Kits Market Key Factors

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The DNA test kits market is witnessing positive trends with growing global awareness and interest in personalized medicine and genetic testing. Continuous technological advancements are making DNA testing more accessible and affordable. Major companies are aggressively marketing their consumer DNA test kits and expanding their product portfolios and service offerings. This has increased global accessibility and the adoption of DNA test kits in recent years. The declining prices of DNA sequencing and analysis are also fueling the market growth.

Rising Awareness about Ancestry and Origins

With the increasing availability and popularity of DNA testing kits, many people now have a stronger desire to learn more about their family history, ethnicity composition, and geographical origins. DNA testing provides an efficient way to trace one's genetic lineage and ancestry by analyzing specific locations in the genome. It matches the customer's DNA with others who have taken commercial DNA tests and shares genealogical and ethnicity estimates. This helps people uncover unknown relatives, gain new perspectives about their inherited genetic traits, and satisfy their innate curiosity about where their ancestors lived centuries ago. Especially for adopted individuals or those with unknown parentage, DNA tests have become an important tool to discover long-lost family connections and fill in the missing pieces of their lineage. The results often surprise customers by revealing unexpected ancestral links to regions they may have never associated with before. This compelling need to explore one's inherited heritage and learn new fascinating details about the geographical journey of one's DNA has been a key factor augmenting interest in commercial DNA testing.

Increasing Product Launch

Increasing adoption of organic growth strategies such as product launch by key market players is expected to drive the growth of the DNA test kits market over the forecast period. For instance, in April 2023, Mapmygenome, a genomics company providing DNA testing-based products for health, wellness, fitness, gut health, skincare, ancestry, announced that it had launched BeautyMap, a revolutionary DNA-based test that provides personalized recommendations for skin and hair care products based on an individual's unique genetic makeup. BeautyMap also offers genetic counseling sessions with board-certified genetic counselors who help individuals interpret their results and make informed decisions about their personalized beauty regimen from the BeautyMap report.

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