Global DNA Test Kit Market Overview:
Technological advancement in the field of Scientific research, as well as in research instrument, it is increasing the importance of Genetic testing. DNA testing//Gynecological DNA Testing has wide applications in the healthcare industry especially in the field of Gynecology. Gynecological DNA testing helps to determine the ancestral relationship between individuals. DNA testing kits are being used and it is becoming popular due to various advantages such as easy to use and their affordability. These Kits are used for DNA-based test which looks at specific locations of a person's genome in order to determine ancestral ethnicity and genealogical relationships. The procedure for testing involves extracting DNA from the sample, the companies search DNA for certain genetic variants. The building blocks of DNA are chemical bases called nucleotides (A, T, G, C). DNA testing companies determine which of the four letters is present at which locations in the genome. Sequence shared among humans depends on specific letters that vary from person to person, known as Single Nucleotide Polymorphisms (SNPs).
- Increasing awareness about DNA testing for the gynecological purpose
- The growing number of research laboratories testing DNA test kits.
- The increasing prevalence of diseases such as cancer, cystic fibrosis, Alzheimer’s and other genetic diseases
- Cost factor associated with DNA test kits may hamper the Global DNA test kit market.
- The rising number of startup companies acquiring DNA test kits is providing an opportunity for this market.
- Lack of skilled professionals in research laboratories for carrying out DNA testing may pose a challenge for this market.
The key players are fragmented with many players who are highly focused on innovation in production technologies to improve efficiency and shelf life. A large number of market players are offering Autosomal DNA test kits and an increase in the demand for autosomal DNA testing services. A number of market players is offering DNA test kits which are used in research, forensic investigations and home healthcare care. Such as, AncestryDNA, a manufacturer of DNA test kits, allows the user to link up the information about their relatives with family tree software.
Some of the key players profiled in the report are AncestryDNA (Ireland), 23andMe (United States), National Geographic Partners LLC (United States), LivingDNA (United Kingdom), Thermo Fischer Scientific Inc., (United States), FamilyTree DNA (United States), MyHeritage (Israel) and uBiome, Inc., (United States). Additionally, following companies can also be profiled that are part of our coverage like DNAFit (India), DNA Testing Center of America (United States) and EasyDNA. (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global DNA Test Kit market by 2024. Considering Market by Test type Analysis, the sub-segment i.e. Animal DNA Test Kit will boost the DNA Test Kit market. Considering Market by Type of DNA Testing Kits Industry, the sub-segment i.e. Whole Blood Bacterial will boost the DNA Test Kit market.
On March 2018, 23andMe Company received FDA approval for DNA test kit to detect an increased risk of developing breast, ovarian or prostate cancer. The authorization allows 23andMe to provide customers, without a prescription, information on three genetic variants found on the BRCA1 and BRCA2 genes known to be associated with higher risk for breast, ovarian and prostate cancer.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global DNA Test Kit market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in DNA Test Kit market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes DNA test Kit Manufacturers, Research organizations, Government and Regulatory bodies, Traders, Distributors, and Suppliers and Investors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.