DTC Laboratory Testing Market in Europe Projected to Be Worth $1.59 Billion by 2030


Posted September 23, 2024 by Deeya5220

Explore $1.59 billion Europe DTC Laboratory Testing Market: Get exclusive insights on key market trends, segments, geographical analysis, & competitive analysis!
 
Market Report Overview
Meticulous Research® has recently published a detailed report titled, ‘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 Size and Growth Potential
The Europe direct-to-consumer (DTC) laboratory testing market is forecasted to reach $1.59 billion by 2030, with a CAGR of 10.8% from 2024. Several key factors are driving this growth, including the rising prevalence of chronic diseases, such as diabetes and cardiovascular conditions, as well as increasing interest in personal health management. DTC laboratory tests are favored for their affordability, convenience, and accessibility, all of which have helped boost market demand. The growing interest in ancestry and genetic testing, coupled with the aging population, is further fueling market growth.

Challenges and Opportunities in the Market
The market faces several challenges, such as concerns over the privacy of genetic data, the possibility of misinterpreting results, and the lack of professional counseling. Additionally, the market is constrained by regulatory issues, a limited test portfolio compared to traditional labs, and the absence of insurance reimbursement. Despite these challenges, opportunities such as expanding telehealth services and the increasing penetration of DTC testing in emerging markets present growth potential.

Market Segmentation by Application and Sample Type
This market is segmented by application into genetic testing (ancestry, disease risk, carrier status, etc.), diabetes testing, thyroid function tests, STD testing, and routine clinical testing. It is also segmented by sample type into blood, saliva, urine, and other types. The report also assesses key market competitors and provides insights into regional and country-level markets.

Genetic Testing Segment to Dominate
Genetic testing is expected to be the largest segment of the market by 2024, driven by the growing appeal of DTC genetic tests, which help individuals understand their family history and assess disease risk. There is also a significant increase in interest in genealogy and ancestry testing in developed regions, contributing to the segment’s growth.

Blood Sample Testing Takes the Lead
The blood sample segment is anticipated to hold the largest market share due to its high reliability, the variety of tests available, and the growing popularity of at-home blood collection services.

Key Regional Markets: U.K. Leads
The report provides an analysis of key European regions, including Germany, France, Spain, Italy, and the U.K. The U.K. is expected to hold the largest share of the market in 2024, benefiting from increased consumer awareness, higher disposable incomes, and the prevalence of chronic and sexually transmitted diseases.

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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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Issued By Meticulous research
Country United States
Categories Health
Tags europe dtc laboratory testing market europe directtoconsumer laboratory testing directtoconsumer laboratory testing directtoconsumer tests
Last Updated September 23, 2024