Explore in-depth insights on the Global Consumer Genomics Market with this comprehensive industry report, providing analysis by application, region, and key market players. Covering market size, segmentation, competitive landscape, and industry dynamics, the report examines crucial factors like increasing consumer awareness, regional growth trends, and the impact of technological advancements. Key players, including Ancestry, 23andMe, and Color Genomics, drive this sector’s evolution, while rising consumer interest in wellness, personalized medicine, and ancestry testing contributes to market expansion.

 Market Overview

The Global Consumer Genomics Market was valued at USD 2.61 Billion in 2023 and is estimated to reach at USD 10.9 Billion in 2031 growing at a CAGR of 19.5% over the forecast period from 2024-2031. The report would provide you with market size estimates both in terms of revenue (USD Billion) and volume (Billion Units) for the time period from 2022 to 2031. The report would provide various factors responsible for growth of the market across various geographies considered under the scope of the study. The report covers in-depth global and regional level analysis of various market segmentations based on Application and Region.

Market Dynamics:

Below are the factors impacting the growth of Consumer Genomics Market:

• Increased advertising by prominent consumer genomics companies
  • Forever, advertising is known to play a key role in changing minds of people and increasing awareness. Due to the same, consumer genomics companies increasingly spend on advertisements to gain more customers. According to statistics, advertising has resulted in significant customer acquisition rate in the last 10 years.
• Rising middle class and increase in the rate of diseases
  • Rising middle class has led to increased interest regarding health parameters. Owing to poor diet and sedentary lifestyle, the industry is witnessing growing awareness for the same. Consumer genomics will observe exponential growth with prediction of medical risks being one of the major factors.

Regional Analysis

Based on region, Global Consumer Genomics Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is divided into United States, Canada, and Mexico. Europe is bifurcated into Germany, U.K., France, Italy, Spain and Rest of Europe. The key countries covered under Asia Pacific region includes China, Japan, India, South East Asia and Rest of Asia Pacific. Middle East & Africa is bifurcated into UAE, Saudi Arabia, South Africa and Rest of MEA. Finally, Latin America is divided into Brazil, Argentina and Rest of Latin America. 

Competition Landscape

The report covers company profiles and competition analysis of major players operating under Global Consumer Genomics Market. The company profile section includes Company Overview, Financials, Business Overview, Recent Developments, Key Strategies, Product Mapping, Regional Presence, etc. Further, the competition analysis provides you with details about Competitor Overview, Market Share Analysis, Company Performance based on Various Parameters, etc. The major players operating in Global Consumer Genomics Market are Ancestry (NASDAQ: ACOM), 23andMe, Inc., Gene by Gene, Ltd. , Mapmygenome, Color Genomics, Inc., Positive Biosciences, Ltd., Futura Genetics.

Market Segmentation

The Global Consumer Genomics Market can be segmented on the basis of Application and Region. Further, the report would provide a detailed analysis based on below mentioned market segmentation at the global as well regional levels.

 Global Consumer Genomics Market Scope:

 Global Consumer Genomics Market by, Region and Countries:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
  • Rest of Asia Pacific
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East and Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America

 Reason to Purchase the Report:

• Latest trends in the market
• In depth market segmentation and cross regional / country analysis
• Market dynamics analysis including drivers, restraints and opportunities in the market
• Market sizing and segment analysis
• Competition Analysis including profiling of key market players
• Market share analysis and key strategies adopted by key players
• Recent developments and technological advancement by key players in the market
• Key takeaways from the research findings to take strategic decision in business needs