Direct-to-Consumer Laboratory Testing Market Scope
Direct-to-consumer (DTC) laboratory testing is known as direct access testing that enables patients to order tests directly from the laboratory without physical visiting to a healthcare practitioner. Direct-To-Consumer consists of advanced technology tests which can be used to track a current health condition, diagnose a previously undiagnosed medical issue, or provide information on personal health traits. DTC laboratory testing plays an important for customer engagement in their healthcare with accurate and accessible testing samples. Due to the increased hetic lifestyle which is associated and infectious diseases such as obesity, hypertension, diabetes, cancer, and STD has increased. Geographically, North America is the leading region for higher adoption for direct-to-customer laboratory testing due to an increase in heart disease and cancer which is triggering for higher adoption direct to customer laboratory testing. The demand for direct-to-customer laboratory testing is driving the growth of the market over the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | EverlyWell, Inc (United States), Laboratory Corporation of America Holding (United States), DirectLabs, LLC (United States), MyMedLab, Inc (United States), WellnessFX (United States), ANY LAB TEST NOW (United States), LetsGetChecked (Ireland), Color Health (United States), 23andMe, Inc (United States), Sonora Quest (United States) and Ancestry.com LLC (United States) |
CAGR | % |
The market is expected to grow market in hospitals. It has wide application various clinical programs and seminars is driving the demand for the market. Several companies such as EverlyWell, Inc, Laboratory Corporation of America Holding, DirectLabs, LLC are operating in the market to provide customers with better offers with various features & unique offerings. The market is a partially fragmented market with the presence of several market players and local players. Which is triggering the market growth over the forecast perio Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Direct-to-Consumer Laboratory Testing market throughout the predicted period.
EverlyWell, Inc (United States), Laboratory Corporation of America Holding (United States), DirectLabs, LLC (United States), MyMedLab, Inc (United States), WellnessFX (United States), ANY LAB TEST NOW (United States), LetsGetChecked (Ireland), Color Health (United States), 23andMe, Inc (United States), Sonora Quest (United States) and Ancestry.com LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Quest Diagnostic Incorporated (United States), Myriad Genetics (United States) and Others.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Direct-to-Consumer Laboratory Testing market by Type , by Application (Adult and Children) and Region with country level break-up.
On the basis of geography, the market of Direct-to-Consumer Laboratory Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On July 2021 Genetic technologies had acquired DTC Genetic Test Provider for EasyDNA.The acquisition cost is USD 4M., and In June 2021 Eurofins has acquired a DNA diagnostics Centre to grow genetic testing Capabilities and significantly into the Consumer Testing Market
On November 2021, Cue Health has launched a Direct-To-Consumer virtual health platform kind to test available to people across the United States through Cue's new e-commerce site and app shop
Influencing Trend:
Laboratory Information and Management Systems (LIMS) are currently the solution to data management in modern laboratories for data tracking
Market Growth Drivers:
It is easy to order and It is easily Access able from remote locations at any time and any location
Challenges:
Negative testing may increase your stress and anxiety.
Restraints:
It is easy to order and It is easily Access able from remote locations at any time and any location
Opportunities:
Rising demand with advances in technology such machine learning for faster testing result
Key Target Audience
OEM (Original Equipment Manufacturing), Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-Use Industry