United States DTC Wellness Testing Market to be Dominated by the Test Panel Segment by 2028
The
rising demand is expected to drive United States DTC Wellness Testing Market in
the forecast period 2024-2028.
According to TechSci Research report, “United States DTC Wellness Testing Market
– Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, the United States DTC Wellness Testing Market is anticipated to grow at
a steady rate in the forecast period 2024-2028. This can be ascribed to the
rising awareness about the Direct-To-Consumer wellness testing among the
consumers, along with the growing demand for transparency of genetic material
to the consumer directly, even without the interference of healthcare
intermediates, including online access in multiple cases.
The growing prevalence of
diseases such as genetic and infectious diseases such as syphilis, HIV.
Hepatitis B, trichomoniasis, etc. required an increased genetic and molecular testing
which is anticipated to be a crucial factor for significant market growth in
the forecast period.
The growing demand for pre
diagnosis of severe chronic diseases (such as cancer, obesity, diabetes, hypertension)
at the molecular and genetic level to prevent them at an early stage, if
present in the suspects, is supporting the market growth and is anticipated to
do the same in the forecast period.
Moreover, the major
restraining factors hampering the growth of United States DTC Wellness Testing
Market are the strict regulation authorities and guidelines to perform DTC
testing in United States and the fact that DTC genetic testing do not provide
definite results on whether the consumer will develop disease or not, and avoid
a doctor’s interpretation, thereby hampering the market growth.
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Based on offerings, the
market is segmented into test panels, test strips, digital monitoring
instruments and others. The test panels are the dominating segment in 2022 and
are expected to dominate the market in the forecast period on account of
increasing number of test panels launched and provided by the key players in
the market on the increasing demand for performing various disease diagnosis.
Based on Distribution Channel, the market is segmented into Online and
Over the Counter. The online segment is dominating the market in 2022, which
can be attributed to the growing e-commerce, increasing internet penetration,
growing awareness about DTC wellness testing, along with the growing
partnerships among the key market players and e-commerce market leaders to
promote sales for DTC testing kits.
Major
companies operating in the United States DTC Wellness Testing Market are:
- 23andMe Inc.
- Everlywell, Inc.
- Quest Diagnostics
- LetsGetChecked (PrivaPath Diagnostics Ltd.)
- Kindbody
- Myriad Genetics, Inc.
- Laboratory Corporation of America Holdings
- Cue.
- myLAB Box
- Ro (Modern Fertility).
Companies operating in the
market are following strategies such as continuously innovating tools to
improve image quality and create specialized clinical tools to help the
patients see more anatomical detail with greater certainty, enabling them to
provide the best possible patient care while also staying competitive and having
an edge over other players operating in the industry.
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“North-East United States is expected to dominate the
market in the coming years as it holds the major market service providers for
DTC Wellness testing. Companies such as Corporation of America Holdings,
23andMe, Inc, Cue., and Myriad Genetics, etc. are established in the market,
thereby, propelling the demand and are further expected to support the market
growth in the region” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
United States DTC
Wellness Testing Market, By Test Type (Hormone, Micronutrients, Food
Intolerance, Food Sensitivity, COVID-19 DTC Test, Infectious Disease Tests and Others),
By offerings(Test Panel, Test Strips, Digital Monitoring Instruments, Other, By
Distribution Channel (Online and Over the Counter), By Sample Type (Blood,
Urine, Saliva and Others), By Region, Competition, Opportunity, and Forecast,
2018-2028F”, has evaluated the future growth potential of United
States DTC Wellness Testing Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in United States
DTC Wellness Testing Market.