PUBLISHER: 360iResearch | PRODUCT CODE: 1466113
PUBLISHER: 360iResearch | PRODUCT CODE: 1466113
[183 Pages Report] The Carrier Screening Market size was estimated at USD 3.07 billion in 2023 and expected to reach USD 3.52 billion in 2024, at a CAGR 14.93% to reach USD 8.13 billion by 2030.
Carrier screening is genetic testing conducted on individuals to determine whether they carry a gene for certain genetic disorders. As carriers, these individuals typically do not exhibit symptoms of the disorder; however, they can pass the gene on to their offspring, who may be at risk of inheriting the disease. Carrier screening is particularly recommended for individuals with a family history of genetic disorders or for those within certain ethnic groups that have a higher prevalence of specific genetic conditions. The increasing prevalence of inherited diseases, growing awareness among potential parents, and supportive government policies aimed at reducing the burden of genetic disorders increase the adoption of carrier screening. However, concerns associated with genetic data, the complexity of genetic counseling, and occasional false positives/negatives could lead to cumbersome follow-up testing and impending market growth. Nevertheless, the integration of next-generation sequencing (NGS) technologies, which allow for comprehensive screening of a large number of genetic conditions at once, the potential for growth in direct-to-consumer genetic testing services, and the expansion of carrier screening programs at the population level in various countries are expected to create potential opportunities for the market growth.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 3.07 billion |
Estimated Year [2024] | USD 3.52 billion |
Forecast Year [2030] | USD 8.13 billion |
CAGR (%) | 14.93% |
Type: Expanded carrier screening (ECS) offers a wide overview of genetic health and conditions
Expanded Carrier Screening (ECS) is a comprehensive form of genetic testing that assesses an individual's carrier status for various genetic disorders, typically including those beyond the recommendations for specific ethnicities. This type of screening is designed to simultaneously identify carriers of rare and common genetic conditions, offering a broader assessment that is not limited by ancestry or family history. ECS often informs prospective parents of potential genetic risks that could affect offspring. Customized panel testing allows individuals to select specific genetic conditions for which they wish to be screened based on personal or family history, known carrier status, or particular concerns. This tailored approach ensures that the screening aligns with the specific needs and preferences of the individual. Custom panels can be particularly beneficial for those with a diverse ethnic background or when a rare genetic disorder is suspected in the family lineage. Predesigned Panel Testing involves genetic tests that screen for a predefined list of genetic disorders. These panels are usually created based on the prevalence of certain conditions within a population or based on medical guidelines. They provide a more straightforward and potentially more cost-effective option for carrier screening, as they omit individual customization and focus on a set of conditions deemed necessary by genetic experts. Targeted disease sarrier screening is a focused approach that screens an individual for the carrier status of a specific genetic disorder. This type of screening is often performed when there is a known risk of a particular condition in a family or by ethnicity-based guidelines recommending screening for certain diseases.
End-User: Evolving application of carrier screening in hospitals
Hospitals represent a critical segment within the carrier screening market, provide comprehensive care, and have access to an expansive range of medical specialists and services. Hospitals prefer carrier screening tests incorporating the latest technologies for accurate results. This includes next-generation sequencing (NGS) and microarray-based screenings. Hospitals opt for carrier screenings that cover a wide range of genetic disorders, fulfilling the diverse needs of their patient population. Physician offices and clinics cater primarily to outpatient care and provide a more personalized approach to carrier screening. Due to budget constraints, these establishments prioritize cost-effective solutions while maintaining basic quality standards. Physicians and clinics that might need more specialized staff of larger hospitals prefer simple, easy-to-use carrier screening kits. Hospitals require the most comprehensive test panels and advanced technologies due to the complexity and variety of cases they handle. Physician offices prioritize cost and user-friendliness, given their smaller scale and more direct patient interactions.
Regional Insights
The Americas have a mature market for carrier screening, owing to heightened awareness, technological advancements, and the presence of key market players. In the United States, there is a considerable consumer need for carrier screening due to the diverse genetic makeup of the population and increasing healthcare expenditure. The Affordable Care Act has also impacted the market positively by enabling a broader population to access such screenings. Physician recommendations and the availability of direct-to-consumer genetic testing services influence customer purchasing behavior in these regions. Key patents include advances in sequencing technologies and bioinformatics algorithms for detecting genetic variants. The European market is characterized by consumer needs and purchasing behavior across EU countries, shaped by cultural perspectives, healthcare policies, and genetic counseling practices. Nations with more robust healthcare infrastructure and higher per capita income, such as the Scandinavian countries, exhibit higher adoption rates of carrier screening. Initiatives, including the Horizon Europe program, support research and innovation in the field while GDPR legislates genetic data management. Recent investments are seen in public-private partnerships aimed at enhancing genetic testing technologies. The Middle East is experiencing an increase in demand for carrier screening due to high consanguinity rates, leading to a greater prevalence of genetic disorders. Countries in the Middle East are investing in population-scale genetic projects to improve public health. In Asia-Pacific, carrier screening markets are experiencing rapid growth due to increased investment in healthcare infrastructure. Government initiatives such as the "Healthy China 2030" blueprint and the "Genome Japan" project reflect the country's commitment to advancing genomic medicine. Countries in Asia-Pacific present a vast opportunity, with a burgeoning middle class and increasing healthcare awareness. Patents in the Asia Pacific region are focusing on new genetic technologies and cost-effective testing methods to cater to the growing market. Overall, the region presents a significant potential for growth and innovation in carrier screening.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Carrier Screening Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Carrier Screening Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Carrier Screening Market, highlighting leading vendors and their innovative profiles. These include 23Andme Inc., Abbott Laboratories, Ambry Genetics Corporation by Konica Minolta, Inc., Asper Biogene, Autogenomics Inc. by Prescient Medicine Holdings Inc., BGI Genomics Co., Ltd., Biora Therapeutics, Inc., CENTOGENE N.V., Danaher Corporation, Eurofins Scientific, F. Hoffmann-La Roche Ltd., Fulgent Genetics, Inc., Gene by Gene, Ltd. by myDNA Inc., GeneDx Holdings Corp., Illumina Inc., Invitae Corporation, Laboratory Corporation of America Holdings, Luminex Corporation by DiaSorin Company, MedGenome Labs Ltd., Myriad Genetics, Inc., Natera, Inc., OPKO Health, Inc., Otogenetics Corporation, Quest Diagnostics Inc., Thermo Fisher Scientific Inc., and TRUE HEALTH LABS.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Carrier Screening Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Carrier Screening Market?
3. What are the technology trends and regulatory frameworks in the Carrier Screening Market?
4. What is the market share of the leading vendors in the Carrier Screening Market?
5. Which modes and strategic moves are suitable for entering the Carrier Screening Market?
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