These services use DNA samples provided by individuals to generate reports that provide information about the genetic predispositions to certain traits, diseases, or conditions. Consumer genomics refers to the branch of genomics that focuses on providing genetic information directly to consumers, typically through commercial genetic testing services. The value of goods in this market includes related services sold by the creators of the goods. Consumer genomics consists of revenue earned by entities that provide genetic testing services and revenue through various means including Direct-to-consumer (DTC) genetic testing kits, subscription-based services that provide access to ongoing genetic testing and analysis and pharmaceutical or biotechnology companies to provide access to their genetic data for research purposes.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The consumer genomics market is expected to reach $6.00 billion in 2027 at a CAGR of 19.94%. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The global consumer genomics market is expected to grow from $2.42 billion in 2022 to $2.90 billion in 2023 at a compound annual growth rate (CAGR) of 19.55%. , Veritas Genetics, Illumina Inc., MyHeritage Ltd., Myriad Genetics Inc., Amgen Inc., Diagnomics Inc., Illumina, Inc., MyHeritage Ltd., Positive Biosciences Ltd., Toolbox Genomics and Xcode Life. Consumer Genomics Global Market Report 2023
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