Press Release
Press Release
The carrier screening market size is driven by increasing awareness of genetic disorders, advancements in genetic testing technologies, and the growing demand for early detection and preventive care. Rising adoption of next-generation sequencing (NGS) and expanded carrier screening panels enhance diagnostic accuracy, while supportive government initiatives and reimbursement policies further fuel market growth.
In January 2023 , MedGenome, a leading genetic diagnostic firm, announced plans to consider inorganic growth to target emerging markets. With over 1,300 tests in its portfolio, the company aims to expand its reach through strategic partnerships. Using artificial intelligence and machine learning, MedGenome covers areas like inherited diseases, reproductive health, cancer, infectious diseases, and consumer wellness. They are evaluating targets for their Claria and Prima segments, focusing on mergers and acquisitions.
Claria offers a suite of highly accurate tests, including the Non-Invasive Prenatal Screening Test (NIPT), Genetic Carrier Screening Test (GCST), and Preimplantation Genetic Screening/Diagnosis (PGS/PGD). MedGenome also collaborates with pharma companies for precision medicine programs. Recently, they acquired Trident Diagnostics to expand in tier 2 and tier 3 cities, aiming to increase the accessibility and affordability of genetic tests.
In February 2023 , Fulgent Genetics, Inc. launched its new Beacon787 expanded carrier screening panel, featuring 787 genes associated with autosomal recessive and X-linked conditions. This panel, the largest available on Fulgent's platform, includes all of the American College of Medical Genetics and Genomics (ACMG) tier 3 genes, recommended for equitable, pan-ethnic carrier screening for pregnant patients and those planning pregnancy.
Leveraging its proprietary platform, Fulgent offers rapid turnaround times and high analytical detection rates. Fulgent's optimized workflow for variants with pseudogene interference ensures accurate testing, distinguishing positive and negative cases efficiently. Carrier screening is crucial for individuals and couples considering pregnancy, providing insights for informed family planning decisions.
The market is experiencing robust carrier screening market growth driven by increasing awareness about genetic disorders and the availability of advanced screening technologies. Carrier screening plays a critical role in identifying individuals at risk of passing genetic disorders to their offspring, making it a key component of family planning and prenatal care. With the rise in genetic testing options and the expansion of screening panels, more individuals and couples are opting for carrier screening to assess their genetic risks before conceiving.
One of the major drivers of demand in the carrier screening market is the growing emphasis on personalized medicine and precision healthcare. Healthcare providers are increasingly recognizing the value of genetic information in tailoring treatments and preventive measures for individuals. This has led to a surge in demand for comprehensive carrier screening tests that can provide detailed insights into an individual's genetic makeup and potential risks.
Moreover, the increasing adoption of carrier screening by healthcare providers and laboratories globally is driving carrier screening market demand. The availability of advanced technologies, such as next-generation sequencing (NGS) and improved bioinformatics algorithms, has made carrier screening more accurate, efficient, and cost-effective. This has encouraged more healthcare providers to offer carrier screening as part of their routine care, further boosting market growth.
The market is witnessing significant demand driven by heightened awareness, expanding screening panels, personalized medicine trends, and improved screening technologies. As genetic testing continues to advance, the carrier screening market is expected to expand further, providing individuals and couples with valuable genetic information for informed family planning decisions.
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The major players in the global carrier screening market are Thermo Fisher Scientific, Invitae Corporation, Fulgent Genetics, Otogenetics, OPKO Health Inc., Quest Diagnostics Clinical Laboratories, Inc., Myriad Genetics, Inc., Natera, Inc., Laboratory Corporation of America® Holdings, Illumina, Inc., MedGenome, and CENTOGENE N.V.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
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