Carrier Screening Market: Rising Prevalence of Genetic Disorders and Increased Awareness Driving Growth | CAGR 13.8%
Carrier Screening Market– Global Outlook and Forecast 2023-2030 is latest research study released by Allied Market Research evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support (2023-2030). The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market research and development, growth drivers, and the changing investment structure of the Global Carrier Screening Market. Some of the key players profiled in the study are Diasorin (Luminex Corporation), Eurofins Scientific, Fulgent Genetics, Illumina, Invitae Corporation, Myriad Genetics, Natera, Opko Health, Quest Diagnostics, Thermo Fisher Scientific. The global Carrier Screening market is estimated to reach $6.5 billion by 2031, growing at a CAGR of 13.8% from 2022 to 2031.
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Carrier Screening Market Outlook 2020-2030
The growth of the carrier screening market is being driven by several key factors. One of the primary factors is the increase in the number of cases of genetic diseases. Additionally, there has been a surge in technological advancements in carrier screening tests, and an upsurge in demand for carrier screening among new couples. There has also been an increase in awareness of genetic testing. Furthermore, the favorable support of government bodies for research activities, growth in awareness about healthcare importance, rise in healthcare expenditure, and an increase in the number of hospitals and research institutes have also contributed to Carrier Screening growth.
For example, according to a report by BioMed Central Ltd., a part of Springer Nature, in 2019, the prevalence of birth defects in India was reported to be 64.4 per 1000 live births. Independent studies have highlighted the high genetic burden in India. The lack of a national newborn screening program has led to a growing proportion of the Indian population being affected by genetic diseases. However, the high cost of carrier screening and a shortage of skilled professionals are expected to hinder the growth of the carrier screening market.
The carrier screening market also offers growth opportunities to key players in the market. The target population, such as people planning for a baby and newly married couples, are in great need of carrier screening in regions like Europe and Asia-Pacific. Therefore, carrier screening requirements among the target population provide growth opportunities. Women who are pregnant or planning to become pregnant should also consider having genetic carrier screening.
Marketing Communication and Sales Channel
Understanding “marketing effectiveness” on a continual basis, help determine the potential of advertising and marketing communications and allow to use of best practices to utilize untapped audience. In order to make marketers make effective strategies and identify why the target market is not giving attention, we ensure the Study is Segmented with appropriate marketing & sales channels to identify potential market size by value & Volume* (if Applicable).
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The segments and sub-section of Carrier Screening market is shown below:
By Type: Expanded Carrier Screening, Targeted Disease Carrier Screening
By Technology: DNA Sequencing, Polymerase Chain Reaction, Microarrays, Others
By End User: Hospitals and clinics, Reference Laboratories, Physician Offices, Others
Some of the key players involved in the Market are: Diasorin (Luminex Corporation), Eurofins Scientific, Fulgent Genetics, Illumina, Invitae Corporation, Myriad Genetics, Natera, Opko Health, Quest Diagnostics, Thermo Fisher Scientific.
Important years considered in the Carrier Screening study:
Historical year – 2017-2021; Base year – 2021; Forecast period** – 2022 to 2030 [** unless otherwise stated]
If opting for the Global version of Carrier Screening Market; then below country analysis would be included:
– North America (USA, Canada and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Introduction about Carrier Screening Market
Carrier Screening Market Size (Sales) Market Share by Type (Product Category)
Carrier Screening Market by Application/End Users
Carrier Screening Sales (Volume) and Market Share Comparison by Applications
Global Carrier Screening Sales and Growth Rate (2020-2030)
Carrier Screening Competition by Players/Suppliers, Region, Type, and Application
Carrier Screening (Volume, Value, and Sales Price) table defined for each geographic region defined.
Carrier Screening Players/Suppliers Profiles and Sales Data
Key Raw Materials Analysis & Price Trends
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in complete table of Contents
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