The latest market report published by Acute Market Reports “Direct to Consumer Microbiome Analyzing Market : Growth, Future Prospects, and Competitive Analysis, 2021 - 2029” the direct to consumer microbiome analyzing market expected to grow at a CAGR of 11.8% during the forecast period from 2021 to 2029.
Market Insights
The global direct to consumer microbiome analyzing market is growing effectively from 2021 to 2029 accredited to the rise in interest for gut microbiome testing kits along with improved technology expansion on a global scale. The microbiome analyzing test kits provide a detailed profile and actionable advice on an individual’s health, nutrition and physical activity. Top companies are differentiating its consumer gut bacteria tests into actionable diagnostics. The personalized health technology companies in the U.S. and U.K are gaining traction in the genomics marketplace, and additionally, they educate their consumers on the big data line to their personal care. Moreover, increasing incidences of genetic disorders along with wide applications of direct to consumer microbiome analyzing in primary detection of oncology, chronic diseases, infections and other genetic disorders will drive the growth of the market during the forecast period.
Top manufacturers are mainly focusing on new product expansion and FDA approval. The increasing number of partnerships with academic research centers and alliance by key laboratories internationally will drive the growth of the market in the near future. For instance, in June 2021, Atlas Biomed Group Limited (personalized health technology company), expanded its offerings for DNA and Microbiome test in Canada, succeeding solid success in the European market. Nevertheless, less awareness related to the pipeline products in the DNA testing industry and less favorable outcomes along with fewer treatment options are few factors restraining the overall growth of the direct to consumer microbiome analyzing market on a global scale. Additionally, the U.S. FDA has now placed regulations for pre-market assessment in case of DNA-based genetic test kits.
Key Market Movements:
Browse full report at https://www.acutemarketreports.com/report/direct-to-consumer-microbiome-analyzing-market
The Global Direct to Consumer Microbiome Analyzing Market is Segmented into:
ATTRIBUTE | DETAILS |
---|---|
Research Period | 2019-2029 |
Base Year | 2020 |
Forecast Period | 2021-2029 |
Historical Year | 2019 |
Unit | USD Million |
Segmentation |
By Product Type (2019–2029; US$ Mn) |
By Application Segment (2019–2029; US$ Mn) |
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By Geography Segment (2019–2029; US$ Mn) |
*Complete segmentation list is on report page