Mar 16, 2022

| Rising Prevalence of Genetic Diseases and Disorders to Boost Market Growth | 17,000+ Technavio Research Reports News provided by Share this article Share this article Technavio has announced its latest market research report titled Carrier Screening Market by Type and Geography - Forecast and Analysis 2022-2026 The potential growth difference for the carrier screening market from 2021 to 2026 is USD 2.36  billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst . Key Market Dynamics: Market Driver The increased frequency of genetic illnesses and disorders such as cystic fibrosis, Tay-Sachs disease, and sickle cell anemia is one of the important reasons driving the worldwide carrier screening market growth. Prenatal testing has become more popular as the frequency of impairments in infants has increased, allowing doctors to swiftly treat treatable genetic abnormalities and diseases. According to the CDC, every year in the United States, one out of every 33 newborns (about 3%) is born with birth defects. Around the world, between 7 million and 9 million kids are born with birth disorders. Furthermore, parents with inheritable genetic illnesses such as autosomal dominant and recessive disorders prefer prenatal testing protocols for early disease detection. Market Challenges One of the significant carrier screening market trends that are projected to drive market expansion in the forecast period is the rising tendencies of next-generation sequencing (NGS) technology in carrier screening. NGS has advanced genetic research by allowing wide-scale sequencing of the human genome to find disease-causing mutations and gene variations of intermediate to large size. The carrier screening market report is segmented by Type (Expanded carrier screening and Targeted disease carrier screening) and Geography (North America, Europe, Asia, and the Rest of the World (ROW)). North America will be the leading region with 37% of the market's growth during the forecast period. The US, Germany, UK, Japan, and China are the key market for carrier screening in North America. Growing concerns on early disease diagnosis, a significant rise in commercial approvals for advanced carrier screening, and the increasing use of pharmacogenomic testing will facilitate the carrier screening market growth in North America over the forecast period. The expanded carrier screening sector will gain a substantial amount of market share. Advancements in the extended carrier screening market, such as Sema4 Elements Expanded Carrier Screen (ECS) with Personalized Residual Risk solution from Sema4 OpCo, Inc, are likely to boost demand, resulting in segment growth throughout the projection period. View our sample report  for additional insights into the contribution of all the segments, and regional opportunities in the report. Some Companies Mentioned with their Offerings The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including: Abbott Laboratories Fulgent Genetics MedGenome Labs Ltd. OPKO Health Inc. Companies profiled Abbott Laboratories, Agilent Technologies Inc., CENTOGENE NV, Danaher Corp., Eurofins Scientific SE, DiaSorin SpA, F. Hoffmann La Roche Ltd., Fulgent Genetics, Gene By Gene Ltd, Illumina Inc., Invitae Corp., Laboratory Corp. of America Holdings, MedGenome Labs Ltd., Myriad Genetics Inc., Natera Inc., OPKO Health Inc., Otogenetics Corporation, Quest Diagnostics Inc., Sema4 OpCo Inc., and Thermo Fisher Scientific Inc. Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of Contents: Exhibit 27: Data Table on Comparison by Type 5.3 Expanded carrier screening - Market size and forecast 2021-2026 Exhibit 28: Chart on Expanded carrier screening - Market size and forecast 2021-2026 ($ million) Exhibit 29: Data Table on Expanded carrier screening - Market size and forecast 2021-2026 ($ million) Exhibit 30: Chart on Expanded carrier screening - Year-over-year growth 2021-2026 (%) Exhibit 31: Data Table on Expanded carrier screening - Year-over-year growth 2021-2026 (%) 5.4 Targeted disease carrier screening - Market size and forecast 2021-2026 Exhibit 32: Chart on Targeted disease carrier screening - Market size and forecast 2021-2026 ($ million) Exhibit 33: Data Table on Targeted disease carrier screening - Market size and forecast 2021-2026 ($ million) Exhibit 34: Chart on Targeted disease carrier screening - Year-over-year growth 2021-2026 (%) Exhibit 35: Data Table on Targeted disease carrier screening - Year-over-year growth 2021-2026 (%) 5.5 Market opportunity by Type Exhibit 36: Market opportunity by Type ($ million) 6 Customer Landscape Exhibit 41: Data Table on Geographic comparison 7.3 North America - Market size and forecast 2021-2026 Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million) Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million) Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%) Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%) 7.4 Europe - Market size and forecast 2021-2026 Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million) Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million) Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%) Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%) 7.5 Asia - Market size and forecast 2021-2026 Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million) Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million) Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%) Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%) 7.6 Rest of World (ROW) - Market size and forecast 2021-2026 Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million) Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million) Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%) Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%) 7.7 US - Market size and forecast 2021-2026 Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million) Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million) Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%) Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%) 7.8 Germany - Market size and forecast 2021-2026 Exhibit 62: Chart on Germany - Market size and forecast 2021-2026 ($ million) Exhibit 63: Data Table on Germany - Market size and forecast 2021-2026 ($ million) Exhibit 64: Chart on Germany - Year-over-year growth 2021-2026 (%) Exhibit 65: Data Table on Germany - Year-over-year growth 2021-2026 (%) 7.9 Japan - Market size and forecast 2021-2026 Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million) Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million) Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%) Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%) 7.10 UK - Market size and forecast 2021-2026 Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million) Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million) Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%) Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%) 7.11 China - Market size and forecast 2021-2026 Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million) Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million) Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%) Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%) 7.12 Market opportunity by geography Exhibit 78: Market opportunity by geography ($ million) 8 Drivers, Challenges, and Trends 8.1 Market drivers