Dublin, Sept. 26, 2023 (GLOBE NEWSWIRE) -- The "Global Direct to Consumer Laboratory Testing Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The direct-to-consumer laboratory testing market is poised for significant growth during the forecast period. Here are some key insights from the report:
Market Growth Forecast:
- The direct-to-consumer laboratory testing market is projected to grow by USD 9,703.47 million during the period of 2022-2027.
- The market is expected to accelerate at a remarkable CAGR of 31.59% during this period.
Market Drivers:
- Convenience and Accessibility of DTC Laboratory Testing: The convenience and accessibility offered by direct-to-consumer (DTC) laboratory testing are major drivers of market growth.
- Increased Disposable Income: Rising disposable income among consumers is contributing to increased spending on health and wellness, including DTC laboratory testing.
- Rising Geriatric Population: With the aging of the population, there is a growing demand for health-related services, including laboratory testing.
Market Segmentation:
- The direct-to-consumer laboratory testing market is segmented by type into blood, urine, saliva, and others.
- It is also segmented by application, with categories including routine clinical testing, diabetes testing, genetic testing, thyroid stimulating hormone testing, and others.
- Geographically, the market is segmented into North America, Europe, Asia, and the Rest of the World (ROW).
Trends Driving Market Growth:
- Increased Internet Penetration: The growth in internet penetration is fueling market growth, making it easier for consumers to access DTC laboratory testing services online.
- Advances in Testing Technology: Continuous technological advancements in testing kits are expanding the scope and accuracy of DTC laboratory testing.
- Robust Growth of the Healthcare Industry: The healthcare industry's overall growth and emphasis on preventive healthcare are contributing to the demand for DTC laboratory testing.
Vendor Analysis:
- The report provides a detailed analysis of around 25 leading vendors in the DTC laboratory testing market.
- These vendors play a crucial role in providing a range of testing services to consumers.
Key Players:
- 23andMe Holding Co.
- Any Lab Test Now Inc.
- Color Health Inc
- DecodeME Partnership
- Direct Laboratory Services LLC
- EasyDNA
- Everlywell Inc.
- Genesis Healthcare Co.
- International Biosciences
- Konica Minolta Inc.
- Laboratory Corp. of America Holdings
- LetsGetChecked
- MyMedLab Inc.
- Myriad Genetics Inc.
- Quest Diagnostics Inc.
- Sonora Quest Laboratories
- Ulta Lab Tests LLC
- VERITAS INTERCONTINENTAL
- Walk In Lab LLC.
- WellnessFX
For more information about this report visit https://www.researchandmarkets.com/r/93fc6g
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