The global carrier screening market size was US$ 1.41 billion in 2021. The global carrier screening market size is forecast to reach US$ 3.81 billion by 2030, growing at a compound annual growth rate (CAGR) of 11.7% during the forecast period from 2022 to 2030.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC823
Carrier screening identifies an abnormal chromosome or genetic disorder in someone who has inherited one abnormal gene from both parents. Many carriers do not show symptoms of the genetic disorder to which they transfer an abnormal gene. Testing for carrier status requires taking a sample of blood, saliva, or tissue from the cheek. The results of the test can be negative or positive. Tests are typically conducted on the potential carriers first. In the event that test results reveal that the first partner isn’t a carrier, then further testing is not needed. Following the testing of a first partner and determining that it is a carrier, testing of the other partner follows. Once a person has undergone carrier screening for a specific disorder, they do not need to repeat the test.
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Factors Influencing Market Growth
An increase in the incidence of genetic diseases, increased affordability of tests, and a rise in advances in technology contribute to the growth of the global carrier screening market.
The rise in early disease detection and prevention, the demand for personalized medicine, and the usage of screening tests to detect genetic disorders are forecast to fuel global market growth.
A significant factor in the growth of the global carrier screening market is the growth of applications of carrier screening in genetic disorder fields, the introduction of funding from government and private bodies for large-scale carrier screening projects, and the decline in the cost of screening.
Modern healthcare infrastructure in developed nations integrates with a variety of transmission methods, which is driving the adoption of these techniques throughout these countries. Due to these factors, the overall industry should see promising growth opportunities during the forecast period.
A high price of genetic testing may slow down the overall market growth.
Impact Analysis of COVID-19
During the COVID-19 period, the global carrier screening market experienced a noticeable decline in growth. Genetic counselors were unable to see patients face-to-face and laboratories and their tests were closed during COVID-19, affecting the growth of the carrier screening market.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC823
Regional Insights
North America accounted for the largest share of the market in 2021. Increased prevalence of pulmonary, hematological, and neurological disorders in the region makes testing in the region necessary.
The Asia Pacific is forecast to grow at the fastest rate during the forecast period. The rising number of people with genetic illnesses and the growing popularity of test kits will drive growth. These factors are likely to boost market demand in the coming years.
Leading Competitors
The leading prominent companies profiled in the global carrier screening market are:
Eurofins Scientific
Invitae Corporation
Opko Health
Fulgent Genetics Incorporated
Quest Diagnostics Incorporated
Natera Incorporated
Myriad Genetics
Illumina Incorporated
Thermo Fisher Scientific Incorporated
Luminex Corporation
Other Prominent Players
Scope of the Report
The global carrier screening market segmentation focuses on Type, Medical Condition, Technology, End-Use, and Region.
Segmentation based on Type
Expanded
Customized Panel Testing
Predesigned Panel Testing
Targeted Disease
Segmentation based on Medical Condition
Pulmonary Conditions
Hematological Conditions
Neurological Conditions
Other Conditions
Segmentation based on Technology
DNA Sequencing
Polymerase Chain Reaction
Microarrays
Other Technologies
Segmentation based on End-Use
Hospitals
Reference Laboratories
Physician Offices & Clinics
Other End Users
Get a Sample PDF copy of the report :-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC823
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=BWCC823
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com/