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2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Factors Are Propelling the Market Growth of theCarrier Screening Market from 2025 to 2034?
The anticipated rise in occurrences of fetal chromosomal abnormalities and genetic diseases is set to boost expansion in the carrier screening market. Fetal chromosomal abnormalities essentially entail fetuses bearing an unusual number of chromosomes or having an abnormal amount of DNA within a chromosome. Chromosomal irregularities are usually assessed through prenatal testing to accurately determine the likelihood of a patient carrying a fetus with these disorders. For instance, the World Health Organization, a global health organization based in Switzerland, reported in February 2022 that congenital defects account for 240,000 neonatal deaths in the first 28 days of life annually. An additional 170,000 offspring aged between 1 month and 5 years also succumb due to birth defects. Furthermore, in March 2022, an article released by the United Nations Government concluded that Down syndrome affects between 1 in 1,000 and 1 in 1,100 live births globally. Each year, the disorder contributes to the birth of 3,000 to 5,000 children. Consequently, the increasing incidences of fetal chromosomal irregularities and genetic disorders are accelerating the expansion of the carrier screening market.
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#What is the Growth Potential of the Carrier Screening Market, and How Will It Perform by 2034?
In recent years, there has been a considerable expansion in the carrier screening market. It is projected to increase from a value of $2.72 billion in 2024 to $3.17 billion in 2025, displaying a compound annual growth rate (CAGR) of 16.4%. This growth during the historical period is ascribed to factors such as heightened awareness towards genetic disorders, increase in maternal age, awareness of family planning and pregnancy, efforts towards genetic disease prevention, public health initiatives, and a concentrated focus on inherited conditions.
It is projected that the carrier screening industry will experience substantial expansion in the coming years, potentially reaching a valuation of $5.76 billion in 2029 with a CAGR of 16.2%. This growth during the estimated period is credited to advancements in precision medicine, the provision of expanded panels, the rise of consumer genomics and direct-to-consumer testing, a focus on rare and ultra-rare diseases, government and insurance support, as well as the incorporation of pharmacogenomics. Noteworthy trends forecasted for this period encompass advancements in genetic technologies, the amalgamation with prenatal testing, the surge of personalized medicine, the availability of counselling and educational services and the consideration of ethical and legal factors.
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How Are Market Trends and Innovations Revolutionizing the Carrier Screening Industry in Recent Times?
Key businesses in the carrier screening market are focusing on product innovation, such as the creation of screening tests, to maintain their competitive standing. These screening procedures are conducted on individuals who show no signs of a given illness or condition. For instance, in June 2023, Blueprint Genetics, a genetics testing and diagnostics company from Finland, launched a novel product named the Screening Tests family. This product is devised for specific uses like pregnancy, family planning and exhaustive health assessments for individuals not showing any symptoms. The aim is to detect any elevated risks, enabling individuals to make educated decisions about family planning and health. Blueprint Genetics intends to provide valuable data that encourages proactive choices based on the options available, underscoring a commitment to assist individuals in making knowledgeable choices regarding their future health.
Which Key Market Players Are Shaping the Future and Growth of theCarrier Screening Market?
Major companies operating in the carrier screening market are Invitae Corporation, BGI Genomics Co. Ltd., Centogene NV, Eurofins Scientific SE, Fulgent Genetics Inc., Genealogy by Genetics Ltd., Illumina Inc., Laboratory Corporation of America Holdings, Luminex Corporation, MedGenome Inc., Myriad Genetics Inc., Natera Inc., OPKO Health Inc., Otogenetics Corporation, Quest Diagnostics Inc., Sema4 Holdings Corporation, Thermo Fisher Scientific Inc., 23andMe Holding Co., REALM IDx Inc., Associated Regional and University Pathologists Inc., Genedx LLC, Genomic Health Inc., GenPath Consultants And Technologies Private Limited, Good Start Genetics Inc., NIPD Genetics Co. Pvt. Ltd., OraSure Technologies Inc., Pathway Genomics Corp., PerkinElmer Inc., PreventionGenetics LLC, Progenity Inc.
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What Are the Core Segments of the Carrier Screening Market, and How Do They Contribute to Growth?
The carrier screening market covered in this report is segmented –
1) By Type: Expanded Carrier Screening, Targeted Disease Carrier Screening
2) By Medical Condition: Pulmonary Conditions, Hematological Conditions, Neurological Conditions, Other Medical Conditions
3) By Technology: DNA Sequencing, Polymerase Chain Reaction, Microarrays, Other Technologies
4) By End User: Hospitals, Reference Laboratories, Physician Offices And Clinics, Other End Users
Subsegments:
1) By Expanded Carrier Screening: Whole Exome Sequencing (WES), Next-Generation Sequencing (NGS) Panels, Comprehensive Carrier Screening Tests
2) By Targeted Disease Carrier Screening: Single Gene Tests, Disease-Specific Panels, Ethnic Or Population-Specific Screening Tests
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https://www.thebusinessresearchcompany.com/customise?id=7952&type=smpGlobal Carrier Screening Market, Global Carrier Screening Market Report, Global Carrier Screening Market Trends, Global Carrier Screening Market Size
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