The carrier screening market provides testing to determine whether individuals carry a genetic variant associated with a disorder that could affect future children. Carrier screening tests examine numerous genes linked to severe inherited conditions and enables prospective parents evaluate their risk of having an affected child. The tests analyze a DNA sample, usually collected via a simple blood or saliva sample, to look for the presence of mutations in specific genes. Carrier screening allows expectant couples make informed family planning decisions and is done before or early in pregnancy.
The carrier screening market is estimated to be valued at US$ 2.34 Bn in 2024 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the carrier screening market include Eurofins Scientific (US), Invitae (US), OPKO Health (US), Fulgent Genetics (US), Quest Diagnostics (US), Sema4 (US), Myriad Genetics (US), Illumina (US), and Thermo Fisher Scientific (US). The rapid growth in carrier screening can be attributed to increasing awareness about genetic disorders and availability of high-quality testing options. Technological advancements enabling analysis of multiple genes simultaneously have boosted adoption of carrier screening tests.
Market Trends
The shift towards non-invasive prenatal testing (NIPT) using cell-free DNA analysis is a major trend in the carrier screening market. NIPT allows analysis of fetal DNA from a simple blood draw of the mother and has significantly reduced risk associated with invasive procedures like amniocentesis. Increased direct-to-consumer marketing of carrier screening tests is another notable trend as it enables self-guided at-home testing without involving a healthcare practitioner.
Market Opportunities
Expansion into new regional markets presents lucrative opportunities for players. While North America currently dominates the carrier screening market, growing awareness in developing countries will drive future growth. Growing popularity of panel-based tests examining hundreds of genetic variants simultaneously also provides opportunities for market players to offer comprehensive yet affordable testing options.
The carrier screening market is estimated to be valued at US$ 2.34 Bn in 2024 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030.
Impact of COVID-19 on Carrier Screening Market Growth
The COVID-19 pandemic has significantly impacted the growth of the carrier screening market. The restrictions imposed during the lockdowns across regions led to delays or cancellations of non-essential medical procedures and appointments. This affected market growth in 2020. Telehealth and home sample collection services helped sustain some level of market operations during this period. However, annual screening and non-time sensitive testing volumes reduced sharply.
As the pandemic unfolded, it highlighted the importance of genetic screening in disease preparedness. This increased awareness levels about carrier screening tests among consumers as well as healthcare providers. The demand started recovering in 2021 as lockdowns eased and healthcare facilities resumed full operations with safety protocols. The market is projected to witness high growth during the forecast period with rising focus on preventive healthcare as people recognize the need for being prepared in case of future infectious disease outbreaks. Market players are exploring opportunities in direct-to-consumer testing models and using digital tools for virtual consultations to further aid market recovery.
Geographical Regions with Highest Carrier Screening Market Value
North America accounts for the largest share of the global carrier screening market in terms of value. This can be attributed to the increasing adoption of expanded carrier screening panels, favorable reimbursement policies, growing awareness levels regarding genetic testing, and the presence of advanced healthcare infrastructure in the region. Meanwhile, Asia Pacific is expected to be the fastest-growing regional market during the forecast period with China, Japan, and India displaying high growth potential. Factors such as improving access to healthcare services, increasing healthcare spending, rising awareness, and government support are driving market growth in the Asia Pacific region.
Geographical Regions with Fastest Growing Carrier Screening Market
Asia Pacific is projected to be the fastest growing regional market for carrier screening during the forecast period. Rapidly developing economies in the region are mainstreaming preventive healthcare practices. Initiatives by governments to strengthen public health systems and promote genetic services are positively impacting market growth. In addition, growing collaboration between domestic and global industry players is increasing accessibility and testing volumes in high population countries such as China and India. Further, rising medical tourism and growing consumer affordability are contributing to the high growth rates exhibited by Asia Pacific markets for carrier screening.
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
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