Genealogy Products and Services Market: Industry Trends, Share, Size and Forecast Report

Overview

Global Genealogy Products and Services Market Introduction
The global genealogy products and services market is projected to value over US$ 12 Billion and register a CAGR of over 11% from 2019 to 2029.
Genealogy is the study relating to heritages, lineages, and consists of lineage tracing which aims at describing family’s relationships and lineage of its members.

Global Genealogy Products and Services Market Overview
The recent development of pharmacogenomics is propelling the growth of the market. It’s imperative to the growth of genealogy products & services. Pharmacogenomics is the study of genetics and foresees the impact of medication on the human body. Rising awareness regarding preventive healthcare is also boosting the growth of the market. Genetic testing plays an important role in preventive healthcare as it offers a probable technique for curing rare diseases. Investment by the government is also fueling the growth of the market. The National Health Service in England announced its decision to expand the capabilities of genetic testing to amend the quality of health services in the region.

Use of genealogy for personalized services in multiple markets is also driving the growth of the market. Prominent players like Skin Genie & EpigenCare are providing skincare products through the use of genealogy.
The genealogy market is segmented into by category, by product & service, and by region. Based on the category the market is bifurcated into family records, family tree, forum, cemetery, newspaper, blogs, links, DNA testing, and others.

Rising demand for DNA testing is driving the growth of the market. The reduction in the costs of DNA sequencing also aided in the growth of the market. Rising demand for family tree and the family record is also likely to have a positive influence on the growth of the market during the forecast period.

Based on product & service, the market is bifurcated into FamilySearch, archives, MyHeritage and FindMyPast.
However, misuse of genealogy products & services has hindered the growth of the market. Genealogy products and services are also used for making predictive criminal profiles which can restrain the growth of the market.
Based on the region, North America dominates the market. Presence of prominent players alongside affordable prices for tests is the driving factor behind the growth of the market in the region. Prominent players being domiciled in the region is also boosting the growth of the region. Asia-Pacific region is expected to show the highest growth. Developing nations like India, Indonesia have are witnessing growing interest of people for genealogical research. Such factors are expected to fuel the growth of the market in the forecast period.

Global Genealogy Products and Services Market Segmentation
By Category
• Family Records
• Family Tree
• Forum
• Cemetry
• Newspaper
• Blogs
• Links
• DNA Testing
• Others

By Products & Services
• FamilySearch
• Archives
• MyHeritage
• FindMyPast

By Region:
• Europe
• North America
• APAC
• Latin America
• Rest of World

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the genealogy products and services market based on the category, products and services, and region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies