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  • Carrier Screening Market Analysis | 2022-2028

    Carrier Screening Market Analysis | 2022-2028

    Carrier Screening Market Analysis | 2022-2028
    Report code - SR2257 Delivery - 2 Weeks
    Carrier Screening Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Op See more...

    Market Insights

    The Carrier Screening Market was estimated at US$ 1.41 billion in 2021 and is expected to grow at a CAGR of 11.28% during 2022-2028 to reach US$ ~3.81 billion in 2028.

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    What is carrier screening?

    Carrier screening is a type of genetic testing used to determine the origin of gene abnormalities. This type of test is typically performed during pregnancy and gives important information regarding the woman's reproductive risks as well as the possibility of a genetic condition in the child.

    The need for this type of examination has increased to prevent any problems or concerns. It is now possible to discover around 100 illnesses from a single sample using expanded carrier screening. Furthermore, by studying the family medical history, focused carrier screening aids in the identification of any disease. In addition, medical diseases such as pulmonary and hemorrhagic illnesses will experience the greatest rise in the carrier screening market.

    A molecular screening test detects DNA mutations, which are changes in the genetic code that result in decreased enzyme output. It focuses on mutations seen in a single ethnic group. It entails a step-by-step process of looking for common alleles and, if necessary, thorough gene analysis. Sequencing is a molecular screening procedure that involves reading across the DNA code of a single gene to see whether there are any known alterations. If the test results are negative, it lessens the likelihood that the individual is a carrier; but it does not rule out the possibility of carrying a carrier gene because the mutation may not have been detected yet using current technology.

    Market Dynamics

    The decrease in the cost of sequencing, the increasing emphasis on early identification and prevention of complex genetic abnormalities, and the increasing maternal age leading to pregnancy problems are projected to fuel the expansion of the carrier screening market. However, major barriers to market growth exist, including regulatory issues in the realm of carrier screening and a lack of high-complexity testing centers. Carrier screening is a hereditary test that determines whether a person possesses a gene that causes certain genetic illnesses. It is done before or during pregnancy. Carrier screening determines the likelihood of having a kid with a genetic disease. Carrier screening is analyzing blood, saliva, or tissue collected from within the body.

    The carrier screening market is a developing one with enormous growth potential. Recent technological developments are aiding the quick adoption of technology. Carrier screening is a set of genetic tests used to determine whether a person is a prospective carrier of genetic illnesses such as cystic fibrosis (CF), Down syndrome, Fragile X syndrome, sickle cell anaemia, and spinal muscular atrophy (SMA). Carrier screening tests are widely used by couples planning pregnancy to identify the possibility of transferring genetic abnormalities to the kid.

    The earlier a condition is diagnosed, the more likely it will be cured or controlled successfully. Early treatment of the disease may also make it simpler to live with. Early disease detection allows people to plan while they are still able to make vital health and support decisions, as well as financial and legal considerations. Inherited genetic diseases include cystic fibrosis, sickle cell anaemia, and Tay-Sachs disease. Carrier testing for such disorders can advise a couple about their chances of delivering a kid with a genetic problem. The identification of the risk before the onset of symptoms is referred to as predictive/presymptomatic testing. Many genetic diseases are detectable early in pregnancy. As a result, customer demand for safe and effective carrier tests is increasing the market growth.

    The incorporation of carrier tests into routine clinical treatment provides the market with a competitive edge. Many studies show that early detection of diseases can fully prevent them or at least reduce their effects.  Several countries' healthcare organizations are funding newborn screening to predict disorders such as cancer that may emerge later in life. However, the social and ethical implications of carrier screening, as well as the high prices and reimbursement challenges associated with carrier testing, are limiting the market's expansion.

    Carrier Screening Market Report Overview

    Market Size in 2028

    US$ ~3.81 billion

    Market Size in 2021

    US$ 1.41 billion

    Market Growth (2022-2028)

    11.28% CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

     

    Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market. Some of them are:

    The presence of well-established guidelines regarding carrier screening, the presence of established companies pursuing key business strategies, the decrease in the cost of sequencing, the rising emphasis on early detection and prevention of complex genetic disorders, and the increasing maternal age leading to pregnancy complications, among other factors, have all contributed to the growth of this market. Furthermore, an increased emphasis on carrier screening research, such as targeted carrier screening in spinal muscular atrophy and the growing application of preconception carrier screening, is likely to help the carrier screening market's growth. 

    Segments Analysis

    By Product & Service Type

    The market is segmented into products and services.

    By Technology Type

    The market is divided into polymerase chain reactions and microarrays.

    By Type

    The market is divided into expanded carrier screening and targeted disease carrier screening.

    By Application Type

    The market is further segmented into pulmonary conditions, hematological conditions, neurological conditions, and others.

    Regional Analysis

    The carrier screening market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America has the greatest market share due to increased healthcare infrastructure, rising per capita income, and improved reimbursement policies in the region. The Asia-Pacific area, on the other hand, is expected to develop at the quickest CAGR throughout the projection period.

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    Key Players

    The overall competitive landscape has been affected due to key strategies. The following are the major players in the carrier screening market:

    • Opko Health
    • Quest Diagnostics Incorporated
    • Eurofins Scientific
    • Sema4
    • Fulgenmt Genetics Inc.
    • Invitae Corporation
    • Laboratory Corporation of America Holdings
    • Illumina Inc.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s carrier screening market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Carrier Screening Market 

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Recent Mergers & Acquisitions

    The market for carrier screening is highly competitive. The state of the economy and government assistance have a direct impact on the expansion of businesses. Based on their product's quality and market penetration in both the target and growing markets, these companies distinguish their carrier screening driver in the industry. Furthermore, recent important mergers and acquisitions in the sector have had a big impact on the dynamics of competition. For instance:

    • In March 2022BillionToOne received USD 125 million in Series C funding, co-led by Adams Street Partners and existing investor Hummingbird Ventures, with participation from Baillie Gifford, Neotribe Ventures, Norwest Venture Partners, Civilization Ventures, Fifty Years VC, Pacific 8 Ventures, Time BioVentures, and Libertus Capital, among others.
    • In January 2022Mitera announced the availability of its at-home reproductive genetic testing products Peaches & Me and 23 Pears in all 50 states. It looks for conditions like Down syndrome.
    • In June 2021Grail debuted the Galleri blood test, a revolutionary multi-cancer screening test. The test was designed to check patients who are already at high risk of cancer, such as persons over the age of 50.
    • In 2018Invitae Corporation introduced its comprehensive genetic screening equipment.
    • In 2017GenPath Women's Health, an OPKO Health company, launched CalriTest, a non-invasive prenatal screening technique. This device will aid in the identification of aberrant chromosomes.

    Frequently Asked Questions (FAQs)

    The carrier screening market is expected to grow at a CAGR of 11.28% during 2022-2028.

    The carrier screening market size is likely to reach US$ ~3.81 billion in 2028.

    The decrease in the cost of sequencing, the increasing emphasis on early identification and prevention of complex genetic abnormalities, and the increasing maternal age leading to pregnancy problems are projected to fuel the expansion of the carrier screening market.

    North America has the greatest market share due to increased healthcare infrastructure, rising per capita income, and improved reimbursement policies in the region.

    The major players in the carrier screening market are Opko Health, Quest Diagnostics Incorporated, Eurofins Scientific, Sema4, Fulgenmt Genetics Inc., Invitae Corporation, Laboratory Corporation of America Holdings, and Illumina Inc.

    The market is studied from 2016 - 2028.

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