Direct-to-Consumer Laboratory Testing Market: Overview
- According to the Food and Drug Administration (FDA), direct-to-consumer laboratory tests are diagnostic tests marketed directly to consumers without the involvement of a health care provider
- In case of direct-to-consumer laboratory tests, the customer collects the sample such as urine & saliva and then sends it to the company for testing and analysis
- Some direct-to-consumer laboratory tests are based on clinical data that support the information and analysis provided while other tests may have varying levels of evidence supporting their claims
- The global direct-to-consumer laboratory testing market is anticipated to expand at a significant pace during the forecast period, owing to increase in consumer awareness & education about these tests, rise in number of people using these tests proactively, and growing trend for using direct-to-consumer laboratory testing for ancestry
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Drivers of Global Direct-to-Consumer Laboratory Testing Market
- Rise in emphasis on patient-driven health care and easy access to patients as consumers through various sources such as internet and media are expected to drive the global direct-to-consumer laboratory testing market
- Increase in adoption of direct-to-consumer laboratory testing for assessing diet & nutrition, cost-effectiveness, and increase in demand for easy-to-use test kits are various factors expected to support the growth of the direct-to-consumer laboratory testing market during the forecast period
- In December, Vitagene launched two health and wellness products based on DNA test results. These products are expected to enhance the company`s health and wellness services by including tailored food plans and customized exercise regimens
Genetic Testing Segment to Gain Market Share
- Based on test type, the global direct-to-consumer laboratory testing market can be classified into blood cell count, cholesterol level testing, HIV testing, pregnancy testing, substance abuse testing, urinalysis, and genetic testing
- The genetic testing segment is anticipated to gain significant share in the global direct-to-consumer laboratory testing market during the forecast period, owing to new product launch, increase in number of market players offering direct-to-consumer genetic test kits, and enormous growth in direct-to-consumer testing, especially in developed countries across the globe
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Disease Risk Assessment Segment to Exhibit Significant Growth
- Based on application, the global direct-to-consumer laboratory testing market can be classified into disease risk assessment, diet & nutrition, health & fitness, ancestry testing, and others
- The disease risk assessment segment is anticipated to gain significant share in the global direct-to-consumer laboratory testing market during the forecast period, owing to rise in importance for early diagnosis of disease diagnostic and increase in prevalence of cancer, diabetes, obesity, and cardiovascular diseases
- In January 2019, 23andMe received Food and Drug Administration (FDA) approval for a consumer test for hereditary colorectal cancer syndrome
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North America to Hold Major Share of Global Direct-to-Consumer Laboratory Testing Market
- North America is projected to account for a prominent share of the global direct-to-consumer laboratory testing market during the forecast period. Growth of the direct-to-consumer laboratory testing market in the region can be ascribed to the huge discounts offered by companies, high acceptance of home use test kits among adults, and rise in emphasis on fitness
- In the U.S., 23andme Test - Health + Ancestry Personal Genetic Service was available at a special price of US$ 99 on Black Friday, which was originally priced at US$ 199
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Direct-to-Consumer Laboratory Testing Market: IntroductionAccording to the report, the global direct-to-consumer laboratory testing market was valued at US$ 2.4 Bn in 2020.
These test results can be used to track a current health condition, diagnose a previously undiagnosed medical issue, or provide information on personal health traits.
Laboratory professionals play a critical part in this process.Request Brochure –https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=75779The prevalence of various lifestyle-associated and infectious diseases such as obesity, hypertension, diabetes, cancer, and STD has increased.
According to the Centers for Disease Control and Prevention, heart diseases account for nearly 655,000 deaths in the U.S. each year.
A majority of cancer cases are caused due to lifestyle-related factors.
The reasons often cited for ordering DTC lab tests include convenience, preparing for a doctor visit, saving money, privacy, getting a second opinion, and obtaining tests not covered by insurance.Retail outlets such as Walmart, Sam’s Club, and Costco provide one-stop healthcare services.
The demand within the global digital health market is slated to rise in the times to follow.
There are no qualms about the importance of recording and tracking medical procedures conducted across the healthcare industry.
The success of the healthcare sector depends upon the coordination of medical and administrative activities.
It is important to use digital technologies in order to restore the integrity of medical and operational activities.
Therefore, the total volume of revenues within the global digital health market is projected to multiply in the years to follow.Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=12473The global digital health market is expected to grow at a formidable CAGR of 13.40% ovee the period between 2017 and 2025.
The geriatric population is the largest consumer of telemedicine facilities, and this is a key dynamic of market maturity.
Barium, a chemically inert and dense mineral, is used in a number of end-use industries.
It is also quite interesting to note that not only are certain areas identified as hotbeds of exploration, they are also highly productive.” Some of these are the Mediterranean region, Africa, and Latin America.In terms of BOE (Barrels of Oil Equivalent), the new regions show a performance of 26 discoveries - 100 BOE, out of the 12.2 billion barrels BOE discovered in 2019.
This shows how conventional discoveries are moving on a high trajectory.The study report on the global barite market, prepared by Transparency Market Research states that the market would chart a decent CAGR (Compound Annual Growth Rate) of 4.8 percent – in the period 2018-2026 Request Sample pages of premium Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=2404Consolidated Vendor Landscape to Mark Global Barite Market over the Forecast PeriodThe competitive landscape of the global barite market is consolidated and the trend will continue over the forecast period.
Apart from improving the product quality, players are looking to work with different grades in order to widen the scope of applications.Some of the players that are seen as high performers in the global barite market include Spectrum Chemical Manufacturing Corporation, Deutsche Baryt Industrie, Halliburton, CIMBAR Performance Minerals, New Riverside Ochre Company, Inc., Excalibar Minerals LLC, and Anglo Pacific Minerals, among others.It is pertinent to note here that the top tier players that are operating in the global barite market landscape have a hold on about 55% of the total market share.
It is also important to note that these players are scurrying to improve plant facilities for bettering capacity in terms of production.North America to Show Stellar Performance over the Forecast PeriodDominating the regional landscape of the global barite market, North America will ride to growth on the back of strong presence of key market players and numerous end-use industries in its landscape.
However, market expert’s note, “Oil and gas segment in the region will lose to rubber and plastics over the period to come.”Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=2404About UsTransparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.Our reports are single-point solutions for businesses to grow, evolve, and mature.
The global electrical appliances market was valued at around US$ 685 Bn in 2016 and is anticipated to register a CAGR of ~7% from 2017 to 2025, according to a new report by Transparency Market Research (TMR) titled “Electrical Appliances Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”Electrical appliances are defined as devices which use electricity to perform specific functions.
A wide range of such appliances is available from refrigerators, wine-coolers, washing machines, tumble dryers, vacuum cleaners, steam mops, shavers, trimmers and water heaters to air conditioners, air coolers, heaters, fans, rice cookers, bread makers, toasters, irons, and juicers.
Interpret a Competitive outlook Analysis Report with PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=41387Higher standards of living and availability of lucrative product offers and purchase credit schemes to drive the market for electrical appliancesOne of the primary drivers of the market is higher standards of living, especially in the Asia Pacific region.
The major restraint on the global electrical appliances market is the consistent and considerable R investment required to develop new, more efficient, environment-friendly, smart, and connected appliances.
It is a highly competitive market coupled with increasingly stringent government regulations regarding emissions of environmentally harmful chemicals.
In such a scenario, the constant improvement of products is important, though this is mostly possible only by the larger companies such as Whirlpool Corporation, Haier Group, and LG Electronics Inc.Product differentiation and new product development are expected to be among the available opportunities in the global electrical appliance market during the forecast periodMajor opportunities in the global electrical appliances market exist in product differentiation and new product development.
Transparent Market Research (TMR) reflects the competitive landscape of the global pharmaceutical chemical spread across the globe.
New strategies are expected to be introduced to penetrate into the market.
Rising population and low mortality rate seems to be the reason for lucrative growth in the healthcare sector.
Swell in the geriatric population calls for increase in healthcare facilities.
Global pharmaceutical chemical market is projected to be flourishing in coming years due to rise in demand for drugs for non-communicable diseases.
However, developments in all the fields of healthcare facilities and rising geriatric population is projected to inflate the global pharmaceutical chemical market.Request for covid19 impact analysis –https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=37685Disease Oriented Treatment to Push GrowthVarious therapy based applications are expected to increase the demand for global pharmaceutical chemical market.
Asphalt Additives Market: Key HighlightsThe global asphalt additives marketwas valued at ~ US$ 3.5 Mn in 2018, and is projected to expand at a CAGR of ~ 6% from 2019 to 2027.
Emerging warm mix asphalt (WMA) technology is anticipated to augment the global asphalt additives market during the forecast period.Asia Pacific was the leading region of the global asphalt additives market in The Asia Pacific asphalt additives market is estimated to continue its dominance in the global asphalt additives market during the forecast period.Key Drivers of the Asphalt Additives MarketThe demand for asphalt in road construction is expected to be driven by increasing environmental funding, legislative pressure to improve infrastructure, and growth in non-building construction activities, particularly in the highway & street segment.The demand for paving asphalt used in highways and streets has been rising, owing to the increase in government funding and growth in highway and street construction activities.
Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=3238Shift in Focus Toward Bio-based Additives to Offer Attractive OpportunitiesBio-based additives are defined as additives made from biological sources.
Manufacturers are increasingly using eco-friendly products, owing to the rise in the awareness about the environment among consumers.Availability of Alternatives for Asphalt to Hamper the Asphalt Additives MarketBricks, pavers, cobblestone, concrete, permeable paving, gravel, and cement are some of the substitutes that are being increasingly used in place of bitumen.
Concrete is a highly employed product in the construction and maintenance of roads.The governments of several countries have been preferring the usage of concrete and cement for paving roads since the last few years.
This is expected to hamper the asphalt additives market.Asia Pacific Dominates the Asphalt Additives MarketAsia Pacific is expected to continue being a prominent market in the global asphalt additives market during the forecast period.
