According to Emergen Research, the global carrier screening market size was USD 1.99 billion in 2020 and is expected to reach USD 7.19 billion in 2028 and register a revenue CAGR of 17.4% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Carrier Screening Market, By Screening Type (Expanded Carrier Screening, Targeted Disease Carrier Screening), By Medical Condition (Pulmonary Conditions, Hematological Conditions, and Neurological Conditions, Others), By Technology (DNA Sequencing, Polymerase Chain Reaction, Microarrays, Others), By End-use (Hospitals and Clinics, Reference Laboratories, Physician Offices, Others), and By Region Forecast to 2028”
According to Emergen Research, the global carrier screening market size was USD 1.99 billion in 2020 and is expected to reach USD 7.19 billion in 2028 and register a revenue CAGR of 17.4% during the forecast period, 2021-2028.
Market Dynamics:
Revenue growth of the global carrier screening market is majorly attributed to factors such as increasing awareness of early detection and prevention of diseases, growing risks of chromosomal abnormalities and other genetic disorders among newborns and infants, rising prevalence of genetic diseases such as cystic fibrosis, Tay-Sachs disease, and sickle cell anemia, and growing need for carrier screening for early genetic disease diagnosis. Rising focus on personalized medicine, technological advances in carrier screening methods, increasing birth rate across the globe, and growing awareness of carrier screening among the population – especially in developing parts of the world – are among the other key factors expected to drive the global market revenue growth over the forthcoming years. Carrier testing refers to a genetic testing procedure that determines if a person is a carrier for a certain genetic disease. This type of testing is generally carried out during pregnancy to determine the risks of inheriting specific genetic disorders in a child. Increased funding by global healthcare organizations for newborn screening and rapidly advancing healthcare infrastructure worldwide are other major factors further driving the global carrier screening market growth.
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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
Expanded Carrier Screening Segment Accounted for Largest Revenue Share in 2020:
The expanded carrier screening segment – which is further segmented into customized panel testing and predesigned panel testing – accounted for the largest revenue share in the global market in 2020. Factors contributing to revenue growth of this segment are increasing risks of chromosomal abnormalities in newborns, growing use of new high-throughput technologies such as DNA sequencing, microarrays, and polymerase chain reaction, and rising awareness of early genetic disease diagnosis.
Hospitals and Clinics Segment Accounted for Largest Revenue Share in 2020:
Based on end-use, the global carrier screening market is segmented into Hospitals and Clinics, Reference Laboratories, Physician Offices, and Others. The hospitals and clinics segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Increasing birth rate worldwide, growing risks of genetic disorders such as cystic fibrosis and sickle cell anemia in infants, rising awareness of carrier screening for early disease detection, and rapid adoption of technologically advanced carrier screening methods in hospitals and clinics are key factors driving this segment’s growth.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, North America accounted largest revenue share in the global market in 2020. Growing need for early detection of genetic diseases, rising prevalence of chromosomal disorders, increasing availability of advanced carrier screening techniques such as microarrays and DNA sequencing, and presence of state-of-the-art healthcare infrastructure and leading market players in the region, including Illumina, Thermo Fisher Scientific, and Quest Diagnostics, are some of the primary factors contributing to the North America market revenue growth.
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Major Companies in the Global Carrier Screening Market Include:
- MedGenome Inc.
- Luminex Corporation
- Illumina Inc.
- Otogenetics Corporation
- Myriad Genetics Inc.
- Thermo Fisher Scientific
- Natera Inc.
- Gene by Gene Ltd.
- Corporation of America Holdings
- Mount Sinai Genomics Inc.
- Eurofins Scientific
- Invitae
- OPKO Health
- Fulgent Genetics
- Quest Diagnostics
- Sema4
For the purpose of this report, Emergen Research has segmented the global carrier screening market based on screening type, technology, medical condition, end-use, and region:
Screening Type Outlook (Revenue, USD Billion; 2018-2028)
- Expanded Carrier Screening
- Customized Panel Testing
- Predesigned Panel Testing
- Targeted Disease Carrier Screening
Technology Outlook (Revenue, USD Billion; 2018-2028)
- DNA Sequencing
- Polymerase Chain Reaction
- Microarrays
- Others
Medical Condition Outlook (Revenue, USD Billion; 2018-2028)
- Pulmonary Conditions
- Hematological Conditions
- Neurological Conditions
- Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals and Clinics
- Reference Laboratories
- Physician Offices
- Others
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Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Reasons to buy the report:
- This study segments the Carrier Screening market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
- The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Carrier Screening sectors.
- This Carrier Screening report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the Carrier Screening market.
Key features of the report:
- To study the key aspects impacting the Carrier Screening market size.
- To identify growth prospects in the Carrier Screening market.
- To analyze the Carrier Screening market segments and deduce the dominant trends observed in the industry.
- To examine the Carrier Screening market by investigating the available products, market share, and value proposition of the products.
- To analyze the industry by assessing the scope and application of the Carrier Screening market and highlight the growth of each application.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Carrier Screening Market Segmentation & Impact Analysis
4.1. Carrier Screening Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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