PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1252670
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1252670
Direct-to-Consumer Laboratory Testing Market size was valued at USD 2,408.9 Million in 2022, expanding at a CAGR of 32.8% from 2023 to 2030.
Direct-to-consumer (DTC) laboratory testing refers to a Sample Type of medical testing End User where consumers can order laboratory tests and receive their results directly, without involving a healthcare provider or a physician. These tests are usually available through online platforms or mobile apps, and consumers can order them with a few clicks.
The Direct-To-Consumer (DTC) laboratory testing market is driven by the increasing demand for rapid and easy to use tests to promote testing instead of lab settings. DTC laboratory testing offers consumers the convenience of ordering and receiving their test results online, without the need for a doctor's appointment or a visit to a lab. This accessibility appeals to consumers who may not have easy access to healthcare or who want to avoid the inconvenience of traditional testing methods. Further, DTC laboratory testing empowers consumers to take control of their health by giving them access to information about their bodies that was previously only available through a healthcare provider. This allows consumers to make more informed decisions about their health and wellness.
Furthermore, DTC laboratory testing is often more affordable than traditional testing methods, as consumers can bypass the cost of a doctor's visit and order only the tests they need. This cost savings is particularly attractive to individuals who are uninsured or who have high-deductible health plans. DTC laboratory testing allows consumers to tailor their testing to their specific needs and preferences, rather than relying on the standard tests that are typically ordered by doctors. This personalization can provide more relevant and accurate information about an individual's health status. All these benefits are boosting the market growth.
The Global Direct-to-Consumer Laboratory Testing Market is segmented on the basis of Sample Type, Test Type, End User, and Region.
The market is divided into four categories based on Sample Type: blood, saliva, urine, and others. The blood segment dominates the market. The increasing demand for blood testing in healthcare sector is mainly contributing to segment growth.
The market is divided into six categories based on Test Type: genetic testing, CBC, disease risk assessment testing, diabetes testing, TSH testing, and others. The genetic testing segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the demand from DNA testing from medical industry.
The market is divided into four categories based on End User: hospitals, clinics, specialty labs, and diagnostic centers. The diagnostic centers segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increasing demand for DTC laboratory Testing in diagnostic centers.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America held the largest market share in 2021 and is projected to continue its dominance during the forecast period. The rising demand for direct-to-consumer laboratory Testing in healthcare sector is contributing to market growth.
Due to the constant development in Direct-to-Consumer Laboratory Testing market in the coming years, the worldwide market for direct-to-consumer laboratory testing is made of both international and local producers, making it one of the most competitive sectors in the world. Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers. Product makers compete on a variety of aspects, including product costs, performance, product making, end user, reputation, and availability. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new Sample Type launches, distribution network development, R&D spending, and mergers and acquisitions. For instance, in 2021, Everlywell launched a new at-home lab test that measures vitamin D levels, an important indicator of overall health and immunity.
This proposed research study on Direct-to-Consumer Laboratory Testing market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Direct-to-Consumer Laboratory Testing market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Direct-to-Consumer Laboratory Testing market
Impact of COVID-19 on Direct-to-Consumer Laboratory Testing market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Direct-to-Consumer Laboratory Testing market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Direct-to-Consumer Laboratory Testing market, we have also included competitive landscape and key innovator analysis for the Direct-to-Consumer Laboratory Testing market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Direct-to-Consumer Laboratory Testing market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Direct-to-Consumer Laboratory Testing market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
Everlywell
LetsGetChecked
23andMe
AncestryDNA
Quest Diagnostics
LabCorp
Pixel by LabCorp
Vitagene
myLAB Box
BioReference Laboratories
Personalabs
HealthLabs
WellnessFX
CRI Genetics
Prenetics
Blood
Saliva
Urine
Others
Genetic testing
CBC
Disease risk assessment testing
Diabetes testing
TSH testing
Others
GLOBAL DIRECT-TO-CONSUMER LABORATORY TESTING MARKET, BY END USER
Hospitals
Clinics
Specialty labs
Diagnostic centers
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA