Dublin, May 02, 2023 (GLOBE NEWSWIRE) -- A global Information Technology & Telecommunication research and business-consulting firm, Maximize Market Research, has published a market intelligence report on the “Carrier Screening Market”. The report is a combination of primary data and secondary data and domain expert has analyzed the Carrier Screening Market from a local as well as a global point of view. Over the forecast period, Maximize Market Research expects, the market to grow from USD 2 Bn in 2022 to USD 5.19 Bn in 2029 at a CAGR of 14.6 percent.
Carrier Screening Market Report Scope and Research Methodology
| Market Size in 2022 | USD 2 Bn. |
| Market Size in 2029 | USD 5.19 Bn. |
| CAGR | 14.6 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 276 |
| No. of Tables | 116 |
| No. of Charts and Figures | 114 |
| Segment Covered | Type, Medical Condition, Technology and End User |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report provides detailed data regarding the latest innovations and mergers and acquisitions happening in the market. The report involves the details of the Carrier Screening Key Players’ partnerships with local players in major geographic regions such as North America, Asia Pacific, Europe, Middle East and Africa and South America. The report provides analysis of the market through Carrier Screening Key Companies’ market share and their gross income, recent developments and business strategies, which is expected to help Carrier Screening New Market Entrants. The bottom-up approach was used to estimate the size of the Carrier Screening Market by value and volume. Primary and secondary research methods were used to collect data. The data from interviews with market leaders and opinions from business owners and research analysts. Secondary data were gathered from annual reports of organizations and paid databases. Collected data was later analyzed by using SWOT analysis, PORTER’s five force model, which includes drivers, restraints, opportunities and the competitive landscape in the Carrier Screening Market.
Carrier Screening Market Overview
Carrier screening is a type of genetic test in the medical field, which tells whether a person is carrying a gene for certain genetic disorders. The test is carried out mostly before the pregnancy to know the chances of having a genetic disorder in the child. As they said, “Precaution is better than cure” so, the growing need to detect the disease early is the major factor that is expected to drive the Carrier Screening Market. The growing trend of using Next-generation Sequencing Technology is a lucrative opportunity for Carrier Screening Key Players to invest in Carrier Screening Market. The cost of a Carrier Screening Test varies as per the complexity of the test, which might hamper the growth of the Carrier Screening Market. Recently, MedGenome, a genetic diagnostic company is adopting inorganic growth to grow their business in developing markets by partnering with other Carrier Screening Companies and advancing their Carrier Screening Solutions using artificial intelligence (AI) and machine learning (ML). The report has included all the important segments in the Carrier Screening Market and helps the client to understand the market.
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Carrier Screening Market Dynamics
The growing genetic disorders and the cost effectiveness, accurate results, growing concerns regarding the health of a next generation are expected to drive the Carrier Screening Market. The growth of the Carrier Screening Market is also supported by the evaluation of the inorganic growth by the major Carrier Screening Key Players. The ethical concerns and the stringent regulations in approval of screening test and the lack of awareness is expected to hinder the growth of the Carrier Screening Market.
Carrier Screening Market Regional Insights
North America is expected to grow at a CAGR of 11.9 percent in the Carrier Screening Market during the forecast period. The advanced carrier screening techniques, which provides an accurate diagnosis of the disease and the increased awareness regarding the genetic disorders is expected to drive the region’s growth throughout the forecast period (2023-2029).
Carrier Screening Market Segmentation
By Type:
- Expanded Carrier Screening
- Customized Panel Testing
- Predesigned Panel Testing
- Targeted Disease Carrier Screening
By Medical Condition:
- Pulmonary Conditions
- Hematological Conditions
- Neurological Conditions
- Other Conditions
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By Technology:
- DNA Sequencing
- Polymerase Chain Reaction
- Microarrays
- Others
By End User:
- Hospitals and clinics
- Reference Laboratories
- Physician Offices
- Others
Based on Type, the expanded carrier screening segment dominated the market in 2022 and is expected to grow significantly during the forecast period. Expanded carrier screening looks for multiple carrier mutations that are possible practically and doesn’t make assumptions based on ethnicity or family history. Hospitals and clinics i.e. healthcare segment is expected to hold the largest revenue share in the Carrier Screening Market. As the main use of carrier screening is in the diagnosis of gene disorders, cancer patients and others.
Sustainable Packaging Key Competitors include:
- Fulgent Genetics Inc.
- Illumina Inc.
- Diasorin S.p.A.
- Natera Inc.
- Thermo Fisher Scientific Inc.
- Eurofins Scientific
- Myriad Genetics Inc.
- Opko Health Inc
- Quest Diagnostics Inc.
- InVitae Corporation
- Sena4
- LabCorp
- CENTOGENE
- Luminex Corporation
- BGI Genomics
- Gene by Gene
- Progenity
- Otogenetics Corporation
- Pathway Genomics
- MedGenome
- True Health
- ZAI Lab
- Azenta
- Dante Labs
- Ambry Genetics
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Key questions answered in the Carrier Screening Market are:
- What is Carrier Screening Market?
- What was the Carrier Screening Market size in 2021?
- What is the expected Carrier Screening Market size during the forecast period?
- What are the global trends in the Carrier Screening Market?
- What are the major restraints for the Carrier Screening Market?
- Which segment dominated the Carrier Screening Market growth?
- What is the demand pattern for the Carrier Screening Market?
- What growth strategies are the players considering to increase their presence in Carrier Screening Market?
- What are the upcoming industry applications and trends for the Carrier Screening Market?
- Who are the leading companies and what are their portfolios in Carrier Screening Market?
- Which region dominates the largest market share in Carrier Screening Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application and Industry Vertical
- Market Segmentation – A detailed analysis by Type, Medical Condition, Technology and End User
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:
Next-Generation Sequencing Market - The market size is expected to reach USD 57.31 Bn by 2029 at a CAGR of 22.2 percent during the forecast period. The market is expected to be driven by the rising prevalence of chronic medical conditions such as cancer, as well as numerous technical advances in the field of medical sciences.
Hepatitis E Diagnostic Tests Market - The market size is expected to reach USD 178.50 Mn by 2029 at a CAGR of 3.8 percent during the forecast period. The market is expected to be driven by specific prevalence rate of HEV in the local swine population and available pork products.
Womens Health Diagnostics Market - The market size is expected to reach USD 52.1 Bn by 2029 at a CAGR of 8.5 percent during the forecast period. The market is expected to be driven by prevalence of chronic and lifestyle-related illnesses is expected to rise, there is an increase in imaging and diagnostic facilities, more people use point-of-care and quick diagnostic tests, and there are more partnerships and collaborations across stakeholders.
Lung Cancer Screening Market - The market size is expected to reach USD 4.13 Bn by 2029 at a CAGR of 8.32 percent during the forecast period. The market is expected to be driven by the increased focus on research and development activities of lung cancer diagnostic and screening tests.
Medical Radiation Detectors Market - The market size is expected to reach USD 1.55 Bn by 2029 at a CAGR of 6.8 percent during the forecast period. The market is expected to be driven by the high usage of radiation therapy in hospitals.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
