The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s carrier screening market report forecasts the carrier screening market size to grow to $4.30 Billion by 2027, with a CAGR (compound annual growth rate) of almost 16%.

Learn More On The Carrier Screening Market Report 2023 – https://www.thebusinessresearchcompany.com/report/carrier-screening-global-market-report

Carrier Screening Market Size Forecast
The global carrier screening market is expected to grow from $2.03 billion in 2022 to $2.38 billion in 2023 at a compound annual growth rate (CAGR) of 17.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The carrier screening market size is expected to grow to $4.30 billion in 2027 at a CAGR of 15.9%.

North America held the largest carrier screening market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Carrier Screening Market Driver ­– Increase In Fetal Chromosomal Abnormalities And Genetic Disorders
For instance, in February 2022, according to estimates by the World Health Organization, a Switzerland-based global health agency, birth defects cause 240 000 newborns to pass away in the first 28 days of life each year. An additional 170,000 children between the ages of 1 month and 5 years die as a result of birth defects. Moreover, in March 2022, according to an article published by the Government of United Nations, Down syndrome is estimated to affect 1 in 1,000 to 1 in 1,100 live births worldwide. Every year, between 3,000 and 5,000 children are born with this chromosome disorder. Therefore, an increase in fetal chromosomal abnormalities and genetic disorders is driving the growth of the carrier screening market.

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Key Carrier Screening Market Trend – Technological Advancement
Major companies operating in the carrier screening market are focused on developing new technological solutions to strengthen their position. For instance, in July 2020, NIPD Genetics, a Cyprus-based biotechnology company, released Adventia, a broader carrier screening test for anyone or a couple interested in learning if they are carriers of a genetic disease. Adventia is a safe, reliable, and exclusive test for up to 229 X-linked and autosomal recessive illnesses that offer healthcare professionals and individuals significant genetic insight and information about their reproductive possibilities. Adventia consists of three panels: (a) the Focus Panels, which give the option to test one of six moderate-to-severe, high-frequency monogenic diseases; (b) the Guidelines-Based Panel, which includes all diseases in the Focus Panels and tests for 19 diseases with high carrier frequency; and (c) the Comprehensive Panel, which includes all diseases in the Guidelines-Based Panel and tests for a total of 229 diseases with a clearly defined phenotype and high cumulative frequency.

Carrier Screening Market Segment
1) By Type: Expanded Carrier Screening, Targeted Disease Carrier Screening
2) By Product and Service: Service, Product
3) By Medical Condition: Pulmonary Conditions, Hematological Conditions, Neurological Conditions, Other Medical Conditions
4) By Technology: DNA Sequencing, Polymerase Chain Reaction, Microarrays, Other Technologies
5) By End User: Hospitals, Reference Laboratories, Physician Offices and Clinics, Other End Users

Carrier Screening Market Major Players and Strategies
Major players in the carrier screening market are Invitae Corporation, Fulgent Genetics Inc., Illumina Inc., Sema4 Holdings Corporation, Natera Inc., Laboratory Corporation of America Holdings, Centogene NV, Thermo Fisher Scientific Inc., Myriad Genetics Inc., Eurofins Scientific SE, OPKO Health Inc., Quest Diagnostics Inc., Luminex Corporation, BGI Genomics, Gene by Gene, OME Care, MedGenome Inc., and Otogenetics Corporation.

In May 2022, Sema4 OpCo Inc., a US-based firm providing patient-focused health intelligence, acquired GeneDx LLC for $623 million. The acquisition is expected to establish Sema4 as one of the biggest and most sophisticated genomic testing companies in the United States and increase its health information database, which will alter patient care and advance therapeutic research. GeneDx LLC is a US-based company operating in analysis for rare disorders and genomic testing.

The Carrier Screening Global Market Report 2023 covers regional data on carrier screening market size, carrier screening market trends and drivers, opportunities, strategies, and carrier screening market competitor analysis. The countries covered in the carrier screening market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Carrier screening refers to a type of genetic test that can determine if there is a gene that causes certain genetic illnesses. The carrier screening is used to identify people who have one copy of a gene mutation that produces a hereditary illness when two copies are present.

View More Reports Related To The Carrier Screening Market –
Drug Screening Global Market Report 2023
Wireless Telecommunication Carriers Global Market Report 2023
Microcarrier Global Market Report 2023

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