DNA Test Kits Market is anticipated to grow over 21% CAGR from 2019 to 2030.
This substantial growth in the DNA test kits market can be attributed to the rising demand for DNA kits for ancestry testing, increasing awareness among people regarding the use of DNA test kits for disease risk assessment, increased popularity of direct-to-consumer testing and the growing number of research laboratories for DNA testing. According to the MIT Technology Review, around 12 million people have had DNA analyzed with direct-to-consumer genetic genealogy tests. Out of these, most people are from the U.S., which suggests that around 1 in 25 American adults now have access to personal genetic data. These are factors are expected to contribute significantly to market growth.
Major Key Players of the DNA Test Kits Market are:
Ancestry, 23andMe, Inc., MyHeritage Ltd., Gene by Gene, Ltd., Living DNA Ltd., Full Genomes Corporation, Inc, Helix OpCo LLC, Veritas , FitnessGenes, and HomeDNA.com, among others.
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