Global DNA Test Kits Market Size Forecast 2024 - 2033
19 Dec, 2024
What Is The Overview Of The Global DNA Test Kits Market?
DNA (deoxyribonucleic acid) test kits are packages containing materials and instructions for collecting a sample of an individual's DNA, often through saliva or cheek swabs. These kits enable genetic testing for ancestry, health traits, and predispositions to certain diseases, with collected samples typically sent to laboratories for analysis, providing personalized insights into one's genetic makeup.
DNA Test Kits Global Market Report 2024 provides data on the global dna test kits market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The DNA Test Kits market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global DNA Test Kits?
The DNA test kits market size has grown rapidly in recent years. It will grow from $1.74 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 19.7%. The growth in the historic period can be attributed to an increase in the number of direct-to-consumer genetic tests, a rise in demand for DNA testing for health & fitness, the rise in the geriatric population, an increase in the prevalence of cancer, and rising demand for disease diagnostics. The DNA test kits market size is expected to see rapid growth in the next few years. It will grow to $4.31 billion in 2028 at a compound annual growth rate (CAGR) of 19.9%. The growth in the forecast period can be attributed to rising demand for personalized drug development, increased focus on personalized medicine, rising healthcare expenditure, increased demand for health-focused tests, focus on preventive healthcare, and increasing focus on population health management. Major trends in the forecast period include genetic testing technologies, digital health platforms, electronic medical records (EMRs), wearable devices, artificial intelligence (AI) and machine learning algorithms, drug development, ecological monitoring, biodiversity assessment, and wildlife conservation.
What Are The Leading Drivers Of Growth In The DNA Test Kits Market?
The increasing number of genetic disorders is anticipated to propel the growth of the DNA test kits market going forward. These disorders arise from abnormalities in the genome, influenced by mutations, lifestyle changes, and environmental factors. DNA test kits play a crucial role in identifying specific gene mutations associated with inherited conditions, aiding in diagnosis and personalized treatment approaches. For instance, by April 2024, the Centers for Disease Control and Prevention (CDC) noted that approximately 6,000 newborns, or one in 700 babies, are affected by Down syndrome annually in the United States. Moreover, according to the WHO in February 2023, congenital diseases caused significant global infant mortality, highlighting the demand for DNA test kits in genetic disorder management. Therefore, increasing genetic disorders are driving the growth of the DNA test kits market.
Get Your Free Sample of the Global DNA Test Kits Market ReportHow Are The Segments Defined Within The Global DNA Test Kits Market?
The DNA test kits market covered in this report is segmented –
1) By Sample Type: Saliva, Blood, Tissue, Teeth And Bone, Hairs, Other Sample Types
2) By Application: Ancestry Testing, Diet And Nutrition, Disease Risk Assessment, Other Applications
3) By End User: Hospitals, Diagnostics And Forensics Laboratories, Academic And Research Institutes, Other End Users
How Are New Trends Expected To Influence The Growth Of The DNA Test Kits Market?
Companies in the DNA test kits market are focusing on personalized DNA kits to gain a competitive edge. Personalized DNA kits analyze an individual's DNA to provide insights into health, ancestry, and traits. For instance, in April 2023, MapMyGenome, an India-based genomics company, introduced BeautyMap, India's first DNA-based test kit for personalized skincare and haircare recommendations. The kit includes a free genetic counseling session to help individuals interpret the results and make informed decisions about their beauty regimen.
Which Region Drives The Highest Growth In The DNA Test Kits Market?
North America was the largest region in the DNA test kits market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the DNA test kits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.