How is Prevalence of Genetic Diseases Driving Carrier Screening Market?

As per a study conducted by P&S Intelligence, the global carrier screening market reached a value of $1,303.6 million in 2016, and it is predicted to register a CAGR of 10.9% during the forecast period (2020–2030). The market is growing due to the rising number of advanced product launched, increasing availability and affordability of tests, and surging prevalence of genetic diseases across the globe. When type is taken into consideration, the market is divided into targeted carrier screening and expanded carrier screening.

Between these two, the expanded carrier screening division held the larger share of the market in 2019, owing to the extensive usage of NGS and other technologies across the globe. In addition to this, the expanded approach allows for the testing of a number of diseases at once. The category is further predicted to register the faster growth during the forecast period. In terms of application, the market is categorized into fragile X syndrome, cystic fibrosis, sickle cell disease, spinal muscular atrophy, and thalassemia.

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Geographically, North America dominated the carrier screening market in 2019 and is further predicted to account for the major share of the market during the forecast period as well. This is because of high rate of tests for determining whether a person at risk or just a carrier of a genetic disorder. Furthermore, the advance healthcare infrastructure and the presence of large number of established market players is further predicted to drive the regional market in the years to come.

This Study Covers

• Historical and the present size of the carrier screening market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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