Prenatal Genetic Testing Market to Grow at a CAGR of 28.85%
The report “Global Prenatal Genetic Testing Market to 2024”, By Technology {Diagnostics Methods (PCR, aCGH, FISH), Screening Techniques (Non-Invasive Prenatal Tests, Maternal Serum Screening)}; End User (Hospitals, Clinics, Diagnostic Centers); Geography (North America, Europe, Asia-Pacific, South America, Middle East, Africa) – Industry Trends and Forecast to 2024
The Global Prenatal Genetic Testing Market is accounted for USD 7.2 billion in 2016 growing at a CAGR of 28.85% during the forecast period of 2017 to 2024. The upcoming market reports contain data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition:
Prenatal genetic testing is done to know the birth defects such as Down syndrome, Trisomy 13, Trisomy 18 and others that are associated with genetic disorder of an unborn child before birth or during pregnancy.
On the basis of geography, prenatal genetic testing market is segmented into key regions:
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. North America is the largest market for prenatal genetic testing and is expected to dominate the market throughout the forecast period. Asia Pacific is the fastest growing region in the forecast period.
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Report Segmentation:
On the basis of technology, global prenatal genetic testing market is segmented into diagnostic methods and screening. The diagnostic methods are further sub segmented into PCR, aCGH, FISH. The screening techniques are further sub segmented into non-invasive prenatal tests and maternal serum screening.
On the basis of screening techniques, the global prenatal genetic testing market market is segmented into carrier screening, sequential screening, and maternal serum quad screening.
On the basis of end users, global prenatal genetic testing market is segmented into hospitals, clinics, diagnostic centres.
Summary of Market Drivers and Restraints:
- Increasing prevalence of genetic diseases such as Down syndrome, Edward syndrome and Patau syndrome and rising awareness among population.
- Rising demand for prenatal testing for identifying genetic abnormalities.
- Increasing R&D activities related to genomics and proteomics
- Increasing approaches for novel diagnostic techniques and tools
- Increasing healthcare expenditure
- High test costs
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Competitive Analysis of Global Prenatal Genetic Testing Market:
The prenatal genetic testing market report is highly fragmented and is based on new product launches and clinical results of products. Governmental regulations and standards are playing a major role in sustaining the growth of the market. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of prenatal genetic testing market for global, Europe, North America, Asia Pacific, and South America.
Major Market Competitors:
Global prenatal genetic testing market is dominated by:
- Bio-Rad Laboratories Inc.
- Agilent Technologies Inc.
- Illumina, Inc.
- Natera Inc.
- Abbott
- Cepheid Inc.
- ELITech Group
- Autogenomics
- Sequenom
- GeneDx
- 23andMe, Inc.
- Ambry Genetics
- Ariosa Diagnostics Inc.
- Counsyl, Inc.
- Invitae Corporation
- Pathway Genomics
- Progenity, Inc.
- Verinata Health, Inc., among others.
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