Rapid advancements in genomic technology, increasing number of IVF procedures, and rising funds by public and private organizations to support diagnosis of genetic disorders are some key factors expected to drive global Reproductive Genetics market growth.
Rapid advancements in genomic technology, increasing number of IVF procedures, and rising funds by public and private organizations to support diagnosis of genetic disorders are some key factors expected to drive global Reproductive Genetics market growth.
According to Emergen Research, the global reproductive genetics market size was USD 4.41 billion in 2020 and is expected to reach USD 11.23 billion in 2028 and register a steady revenue CAGR of 12.3% during the forecast period, 2021-2028.
Market Dynamics:
Reproductive genetics is a branch of science that deals with the relationship between reproduction and genotype and focuses on fertility and genetic abnormalities that may lead to miscarriages, chromosomal abnormalities in children, or reproductive loss. It aids in preventing and predicting genetic disorders during reproductive procedures. Reproductive genetics provides genetic counseling, prenatal testing, preconception screening, and prenatal diagnosis for a variety of genetic disorders, birth defects, infertility, or other problems with pregnancy and conception.
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Factors such as increasing number of genetic testing, high chances of genetic mutations, and rising investments in developing advanced testing solutions are expected to drive global market revenue growth during the forecast period. In addition, rapid adoption of non-invasive prenatal testing and preconception testing, rising public awareness, and declining costs of sequencing are other factors expected to drive global market during the forecast period. However, factors such as stringent regulations, high cost of certain genetic tests, lack of skilled healthcare professionals, and increasing ethical and social issues can hamper revenue growth of the global market during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Carrier Screening Segment to Account for Significantly Larger Revenue Share:
The carrier screening segment is expected to account for significantly larger revenue share during the forecast period. Revenue growth of the segment can be attributed to increasing awareness about early disease diagnosis and prevention, high risk of chromosomal abnormalities with advancing maternal age, technological advancements in carrier screening, and growing adoption of targeted disease carrier screening.
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In-Situ Hybridization (ISH) Segment To Register Rapid Revenue Growth:
The In-Situ Hybridization (ISH) segment is expected to register rapid revenue growth during the forecast period owing to increasing number of patients suffering from genetic disorders and cancer, rapid advancements in ISH techniques and chromogenic in-situ hybridization, and growing awareness about companion diagnostic tests in ISH.
North America to Lead in Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period owing to improved healthcare infrastructure, rapid adoption of advanced diagnostic and screening techniques, rising number of IVF procedures, and increasing awareness about genetic testing and screening. In addition, rapid advancements in genomic technologies, increasing focus on early detection and prevention, and rising investments in R&D activities are some other factors expected to drive North America market growth during the forecast period.
Major Companies in the Market Include:
- Illumina, Inc.
- Agilent Technologies, Inc.
- PerkinElmer, Inc.
- Quest Diagnostics
- Thermo Fisher Scientific Inc.
- Fulgent Genetics, Inc.
- Centogene AG
- Myriad Genetics, Inc.
- Qiagen N.V.
- OPKO Health, Inc.
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For the purpose of this report, Emergen Research has segmented the global reproductive genetics market on the basis of product type, procedure type, technology, application, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Laboratory Developed Tests (LDT)
- Kits
- Reagents and Consumables
Procedure Type Outlook (Revenue, USD Billion; 2018–2028)
- Pre-Natal Screening
- Pre-Implantation Genetic Testing
- Infertility Genetic Testing
- Carrier Screening
Technology Outlook (Revenue, USD Billion; 2018–2028)
- Next-Generation Sequencing (NGS)
- Microarray
- Polymerase chain reaction (PCR)
- In-Situ Hybridization (ISH)
Application Outlook (Revenue, USD Billion; 2018–2028)
- Single Gene Disorder
- Aneuploidy
- Structural Chromosomal Abnormality
- Others
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Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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