The escalating demand for customized genomics and the expanding access to direct-to-consumer services will serve as growth boosters for the consumer genomics market during the assessment period of 2020-2030. The importance of consumer genomics in providing accurate information about certain aspects of the human body will bring immense growth opportunities for the global consumer genomics market during the tenure of 2020-2030.
Funding by the Government Bodies of Various Countries to Boost the Growth Prospects of the Consumer Genomics Market
The government bodies of numerous countries are focusing on increasing their influence across the consumer genomics market. The rising funding initiatives by numerous government bodies will prove to be a boon for the growth of the consumer genomics market. In addition, the investment opportunities across the consumer genomics market have increased exponentially. The growing popularity of this technique among a considerable chunk of the global populace is attracting the attention of the investors substantially. This aspect will have a major impact on the growth of the consumer genomics market.
COVID-19 Outbreak to Increase the Growth Rate of the Consumer Genomics Market
The COVID-19 pandemic has wreaked havoc across the globe. The growing prevalence of the virus has led to immense losses. The utilization of consumer genomics for discovering the genetic cues for COVID-19 will assure profitable growth. Consumer genomics is used on a large scale for studying and identifying various variants of the virus. The evolving nature of the novel coronavirus is further increasing the demand for consumer genomics to a considerable extent.
Direct-To-Consumer testing to add Extra Stars of Growth
One of the prominent growth aspects of the consumer genomics market is the escalating popularity of direct-to-consumer testing. The growing interest of both the healthcare professionals and consumers will have a positive impact on the growth of the consumer genomics market.
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