Future of Europe DTC Laboratory Testing Market Set to Reach $1.59 Billion by 2030
Research Report Overview
Meticulous Research® has published its latest report, ‘Europe DTC Laboratory Testing Market by Application (Genetic Testing {Ancestry, Carrier Status, Disease Risk [Cancer, Neurological, Cardiac]}, Diabetes, Thyroid, STD, Routine, CBC), Sample Type (Saliva, Urine, Blood) – Forecast to 2030.’
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Market Growth Projections
The Europe direct-to-consumer laboratory testing market is set to grow significantly, with forecasts predicting it will reach $1.59 billion by 2030, at a CAGR of 10.8% from 2024. Key drivers of growth include the increasing prevalence of chronic diseases like diabetes and cardiovascular conditions, rising awareness around personal health management, and the growing appeal of DTC lab tests due to their convenience and affordability. Additionally, the growing elderly population and rising interest in ancestry and genetic testing contribute to market expansion.
Challenges Facing the Industry
While growth is expected, the market also faces notable challenges, including concerns about genetic data privacy, the possibility of misinterpreting test results, and a lack of access to professional medical advice in DTC testing. Additional factors limiting growth include regulatory hurdles, the absence of reimbursement for DTC tests, and a limited range of test options compared to traditional laboratory services.
Application and Sample Type Segmentation
The Europe DTC lab testing market is divided into several applications, including genetic testing (for purposes like ancestry and disease risk assessment), diabetes testing, thyroid function testing, routine clinical testing, and sexually transmitted disease (STD) testing. The market is also segmented by sample type into blood, saliva, urine, and other samples.
Genetic Testing Segment Dominates
In 2024, genetic testing is expected to dominate the market. The increasing interest in exploring family health histories and assessing risks for certain diseases, combined with the launch of new tests, is driving demand for genetic testing. There is also significant interest in ancestry and genealogy testing in developed countries.
Blood Sample Testing Leads
Blood sample-based tests are expected to dominate the market, attributed to their reliability, the broad range of test options, and the increasing convenience of at-home blood collection services.
Regional Market Insights
The research report covers key European regions, including Germany, France, Spain, Italy, and the U.K. In 2024, the U.K. is projected to hold the largest share of the Europe DTC laboratory testing market, largely due to increased consumer awareness, higher disposable income, and the growing prevalence of chronic diseases and STDs.
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Key Players:
The key players profiled in the Europe direct-to-consumer laboratory testing market report are LetsGetChecked, Inc. (U.S.), Laboratoire CERBA (France), 23andMe Holding Co. (U.S.), Medichecks.com Ltd. (U.K.), Cerascreen Biotech LLC (U.K.), Living DNA Ltd (U.K.), SelfDiagnostics Deutschland GmbH (Germany), SYNLAB International GmbH (Germany), Natrix S.r.l. (Italy), and Mainz Biomed Germany GmbH (Germany).
Key questions answered in the report-
- Which are the high-growth market segments in terms of direct-to-consumer laboratory testing by application, sample, and geography?
- What was the historical market for direct-to-consumer laboratory testing across Europe?
- What are the market forecasts and estimates for the period 2024–2030?
- What are the major drivers, restraints, opportunities, and challenges in the Europe direct-to-consumer laboratory testing market?
- Who are the major players in the Europe direct-to-consumer laboratory testing market?
- What is the competitive landscape, and who are the market leaders in the Europe direct-to-consumer laboratory testing market?
- What are the recent developments in the Europe direct-to-consumer laboratory testing market?
- What are the different strategies adopted by the major players in the Europe direct-to-consumer laboratory testing market?
- What are the geographical trends and high-growth regions/countries?
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