A recent report published by Infinium Global Research on DNA test kits market provides in-depth analysis of segments and sub-segments in the global as well as regional DNA test kits market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional DNA test kits market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global DNA test kits market. According to the report, the global DNA test kits market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
DNA test plays a crucial role in the diagnosis of genetic disease, new drug synthesis, forensic sciences, etc. DNA tests can be used to determine paternity and research ancestry or familial origin. Therefore, an Increase in demand biotech and healthcare sectors across the globe fuels the growth of the market. The global market for the DNA test kits market is expected to grow at a successive rate in the upcoming years.
An increasing number of hereditary disorders globally is one of the major factor driving the growth of DNA test kits market. An increase in demand for DNA kits for disease risk calculation is the other major factor for the growth of the DNA test kits market. Also, the demand for DNA test kits used for health and fitness is increasing due to the rise in the number of market players proposing DNA for fitness and simple method for sample collection. Moreover, a growing number of research laboratories testing DNA kits and growing awareness about DNA testing for gynecological purpose are other key factors that drive the growth of the market. Though, lack of information about the company offering DNA test kits and difficulty in understanding results are some of the main factors that hamper the growth of the DNA testing kits market. However, strategic approaches such as product launch, marketing efforts, distribution agreements, and others are anticipated to propel the global DNA test kits market.
Geographically, North America is dominating the DNA test kit market due to the rising incidence of genetic abnormalities, promising government initiatives for genetic diagnosis. Moreover, Asia Pacific is expected to witness beneficial growth in this market due to development in healthcare infrastructure in the region. Increase the number of population suffering from chronic as well as acute disorders is one of the factors that drive the growth of this region in this market. Additionally, acquisitions, product launches and geographic expansion by local players especially in China and Japan push the growth of the market in the region.
The report on global DNA test kits market covers segments such as sample type, and application. On the basis of sample type, the sub-markets include saliva, and cheek swab. On the basis of application, the sub-markets include health & fitness, diet & nutrition, ancestry testing, disease risk assessment, and other applications.
The report provides profiles of the companies in the market such as 23andMe, MyHeritage Ltd., Gene by Gene, Living DNA Ltd., Helix OpCo LLC, Veritas, and FitnessGenes.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of DNA test kits market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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