(PharmaNewsWire.Com, October 19, 2019 ) OG Analysis, a global market research firm, has announced the release of their “Global Consumer Genomics Market Size, share, Outlook and Growth Opportunities to 2025: By Application (Genetic Relatedness, Diagnostics, Ancestry, Personalized Medicine & Pharmacogenetic Testing, Lifestyle, Wellness, & Nutrition, Sports Nutrition & Health, Reproductive Health and Other Applications) and By Region” Report proposes complete outlook of the market including comprehensive market analysis, Market Share, Market Size, Market Drivers, Challenges and Opportunities.
On-going health awareness, growing commercial adoption of affordable & standardized genetic testing for various applications such as drug discovery, biomarker discovery, and pharmacogenomics are among the upcoming market drivers. In addition the leaping contribution by hospitals, emerging CROs (Contract research organization) and clinical trial laboratories showcases long term market growth.
The market is largely penetrating towards new research fields of medicine and healthcare as such the innovation of probes for pre implantation, prenatal, and postnatal genetic testing research drives consumer genomics market growth.
Consumer genomics companies are marking strong profits amid personal genotyping and exhaustive precision medicine for critical diagnostic tests and potential life-saving therapies.
In August 2019, Brigham and Women's Hospital announced opening of Preventive Genomics Clinic, to provide comprehensive DNA sequencing, interpretation, and reporting of disease-associated genes for healthy adults and their children to mitigate risk of future disease.
Major trends shaping the near and long term future of the industry, opportunities, drivers and restraints of consumer genomics market, detailed porter’s five forces analysis and competitive insights are included in the research report.
The report presents the detailed annual outlook of each application of the consumer genomics market to 2025. The report studied 8 applications including genetic relatedness, diagnostics, ancestry, personalized medicine & pharmacogenetic testing, lifestyle, wellness, & nutrition, sports nutrition & health, reproductive health and other applications. Of these different applications, genetic relatedness is estimated to be dominant application segment.
The current consumer genomics market size in terms of revenue across 5 regions including North America, Europe, Asia Pacific, South & Central America and Middle East & Africa are studied in the report. In addition, historic data from 2017 and annual forecasts to 2025 are also included in the research report. Globally, Asia Pacific is the fastest growing market for consumer genomics.
Top 10 leading companies in global consumer genomics market are analyzed in the report along with their business overview, operations, geographical locations, financial analysis, SWOT profile and consumer genomics products & services.
Latest news and industry developments in terms of consumer genomics capacity expansions, acquisitions, organic & inorganic growth strategies, joint ventures and collaborations, product launches, market expansions etc are included in the report.
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