Carrier Screening Market

Carrier Screening Market Revenue, Trends Analysis

Carrier Screening Market Overview

As per recent research by MarkNtel Advisors, the Global Carrier Screening Market size was valued at around USD 2.09 billion in 2023 & is estimated to grow at a CAGR of around 20.7% during the forecast period, i.e., 2024–30.

Carrier Screening Market Dynamics

Market Drivers : Rising Prevalence of Genetic Disorders –

The increasing occurrence and understanding of genetic disorders are major factors driving the growth & expansion of carrier screening services. Carrier screening is a crucial methodology for pinpointing individuals who possess one copy of a gene mutation linked to a particular genetic ailment. Approximately 10,000 distinct types of single-gene diseases, also known as monogenic diseases, exist, wherein mutations in a single gene cause the ailment. According to the World Health Organization Report, it has been estimated that 9 out of every 999 individuals are adversely impacted by these conditions. This suggests that about 85 million people are grappling with one of these diseases worldwide.

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In-Depth Analysis of the Global Carrier Screening Market: Growth Drivers and Key Insights

The global carrier screening market is on an impressive growth trajectory, with the latest research by MarkNtel Advisors estimating the market size at approximately USD 2.09 billion in 2023 and projecting a robust compound annual growth rate (CAGR) of 20.7% from 2024 to 2030. This expansion is primarily driven by the increasing prevalence of genetic disorders and advancements in screening technologies. Carrier screening is crucial for identifying individuals who carry genetic mutations associated with hereditary diseases, allowing for early intervention and informed family planning decisions.

The rising awareness and diagnosis of genetic disorders are significant factors propelling market growth. With around 85 million people worldwide affected by monogenic diseases, the demand for effective carrier screening solutions is rising. This growing awareness fuels the need for comprehensive screening services that help identify genetic risks before they impact offspring.

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Market segmentation includes various factors such as product types, with services and products being primary categories. The market also differentiates by screening types like expanded carrier screening and predesigned panel testing, addressing diverse diagnostic needs. Technological advancements, such as DNA sequencing and PCR, enhance the accuracy and efficiency of screenings.

Geographically, the market shows varied growth dynamics across regions including North America, Europe, Asia-Pacific, and others. Key players like Natera Inc., Quest Diagnostics, and Invitae Corporation are pivotal in advancing carrier screening technologies and services. As the market evolves, understanding these dynamics is crucial for stakeholders aiming to leverage growth opportunities and drive innovation.

MarkNtel Advisors offers detailed reports to help stakeholders understand these trends, ensuring informed decision-making in this rapidly evolving market.

Carrier Screening Market Segmentation Overview 2024-2030: Key Factors

By Product & Service

-Services- Market Size & Forecast 2019-2030, (USD Million)

-Products- Market Size & Forecast 2019-2030, (USD Million)

By Type

-Expanded Carrier Screening- Market Size & Forecast 2019-2030, (USD Million)

-Predesigned Panel Testing- Market Size & Forecast 2019-2030, (USD Million)

-Customized Panel Testing- Market Size & Forecast 2019-2030, (USD Million)

-Targeted Disease Carrier Screening- Market Size & Forecast 2019-2030, (USD Million)

By Medical Condition

-Pulmonary Conditions- Market Size & Forecast 2019-2030, (USD Million)

-Hematological Conditions- Market Size & Forecast 2019-2030, (USD Million)

-Neurological Conditions- Market Size & Forecast 2019-2030, (USD Million)

-Others- Market Size & Forecast 2019-2030, (USD Million)

By Technology

-DNA Sequencing- Market Size & Forecast 2019-2030, (USD Million)

-PCR- Market Size & Forecast 2019-2030, (USD Million)

-DNA Microarrays- Market Size & Forecast 2019-2030, (USD Million)

-Others- Market Size & Forecast 2019-2030, (USD Million)

By End-User

-Hospitals & Medical Centers- Market Size & Forecast 2019-2030, (USD Million)

-Clinical Laboratories- Market Size & Forecast 2019-2030, (USD Million)

-Fertility Clinics- Market Size & Forecast 2019-2030, (USD Million)

-Others- Market Size & Forecast 2019-2030, (USD Million)

Carrier Screening Market Geographical Insights:

By Region:

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

Key Players and Competitive Strategies in the Carrier Screening Market

Several prominent players dominate the Carrier Screening Market, including:

  • Natera Inc.
  • Quest Diagnostics Incorporated
  • Fulgent Genetics
  • Invitae Corporation
  • Eurofins Scientific
  • Opko Health Inc.
  • Thermo Fisher Scientific Inc.
  • Myriad Genetics Inc.
  • Diasorin S.P.A.
  • Otogenetics
  • Genetech
  • Others

Report Delivery – MarkNtel Advisors offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

1.How big is the Carrier Screening Market Size?

2.What is the Carrier Screening Market Growth?

3.Who are the key players of the Carrier Screening Market?

If you require specific information that isn’t included in the current report, we’ll provide it as part of the customization process

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Author Bio
Casey Lee brings a wealth of experience in operational efficiency and project management to Opscheck. Through detailed analysis and expert advice, Casey helps organizations enhance their operational control and demonstrate excellence through comprehensive audit trails.

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