Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

The Global Carrier Screening Market Size is Expected to Grow From USD 1.8 Billion in 2019 to USD 4.0 Billion by 2024 - ResearchAndMarkets.com

November 20, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 20, 2019--

The “Carrier Screening Market by Product and Service, Type (Expanded Carrier (Predesigned, Customized), Targeted Disease Carrier), Medical Condition (Pulmonary, Hematological), Technology (Sequencing, PCR), End User, Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The global carrier screening market size is expected to grow from USD 1.8 billion in 2019 to USD 4.0 billion by 2024, at a CAGR of 17.5% during the forecast period.

Increasing emphasis on early disease detection and prevention is expected to drive the growth of the global carrier screening market.

Growth in the carrier screening market can primarily be attributed to factors such as increasing emphasis on early disease detection and prevention, the high risk of chromosomal abnormalities, and technological advancements in carrier screening, such as the introduction of expanded carrier screening panels. The increasing awareness of carrier screening is expected to provide a wide range of growth opportunities for players in the market.

The expanded carrier screening segment is expected to grow at the highest CAGR during the forecast period.

On the basis of type, the carrier screening market is segmented into targeted disease screening and expanded carrier screening, which includes predesigned and customized carrier screening panel testing. The growth of this segment can be attributed to factors such as the increasing use of new high-throughput technologies such as sequencing & microarrays and recommendations for the use of expanded carrier screening.

In 2018, the hospitals segment accounted for the largest share of the carrier screening market.

On the basis of end-user, the carrier screening market is segmented into hospitals, physician offices and clinics, reference laboratories, and other end users (blood banks, donor banks, community clinic laboratories, and non-profit organizations). In 2018, hospitals formed the largest end-user segment in the carrier screening market. Generally, gynecologists suggest couples to undergo carrier screening tests before and after pregnancy. In such cases, it is observed that gynecologists give reference for genetic counselors, who generally practice at hospitals. As a result, the awareness about hospital-based carrier screening tests is higher among patients than those offered at reference laboratories or at physician offices and clinics. Also, hospitals offer flexibility to patients in terms of sample collection, scheduling specimen pickups, and rapid turnaround time to produce results.

North America to grow at the highest CAGR during the forecast period.

North America is expected to grow at the highest rate during the forecast period, followed by Europe. This growth can be attributed to several factors, such as the presence of well-established healthcare systems in the US and Canada, wide access to advanced screening techniques (such as DNA sequencing), recommendations for carrier screening, high and growing demand for the early detection of genetic disorders among the population, availability of mass genetic testing programs, increasing number of awareness campaigns, and the high incidence of chromosomal disorders.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Years Covered for the Study

1.5 Currency

1.6 Limitations

1.7 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Estimation Methodology

2.3 Data Triangulation

2.4 Research Assumptions

2.5 Research Limitations

3 Executive Summary

4 Premium Insights

4.1 Market Overview

4.2 Europe: Market Share, By Type and Country (2019)

4.3 Market, By Medical Condition

4.4 Market, By Technology (USD Million) (2019 vs 2024)

4.5 Market, By End User (USD Million) (2019 vs 2024)

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

6 Carrier Screening Market, By Product & Service

6.1 Introduction

6.2 Services

6.3 Products

7 Carrier Screening Market, By Type

7.1 Introduction

7.2 Expanded Carrier Screening

7.3 Targeted Disease Carrier Screening

8 Carrier Screening Market, By Medical Condition

8.1 Introduction

8.2 Pulmonary Conditions

8.3 Hematological Conditions

8.4 Neurological Conditions

8.5 Other Medical Conditions

9 Carrier Screening Market, By Technology

9.1 Introduction

9.2 Dna Sequencing

9.3 Polymerase Chain Reaction

9.4 Microarrays

9.5 Other Technologies

10 Carrier Screening Market, By End User

10.1 Introduction

10.2 Hospitals

10.3 Reference Laboratories

10.4 Physician Offices and Clinics

10.5 Other End Users

11 Carrier Screening Market, By Region

11.1 Introduction

11.2 North America

11.2.1 US

11.2.2 Canada

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 RoE

11.4 Asia Pacific

11.5 RoW

12 Competitive Landscape

12.1 Introduction

12.2 Market Ranking Analysis

12.3 Competitive Leadership Mapping (2019)

12.4 Competitive Scenario

13 Company Profile

13.1 Eurofins Scientific

13.2 Invitae Corporation

13.3 Opko Health

13.4 Fulgent Genetics Inc

13.5 Quest Diagnostics Incorporated

13.6 Sema4

13.7 Myriad Genetics

13.8 Illumina Inc

13.9 Thermo Fisher Scientific Inc

13.10 Luminex Corporation

13.11 Natera Inc

13.12 Laboratory Corporation of America Holdings

13.13 BGI

13.14 Gene By Gene

13.15 Progenity

13.16 Otogenetics Corporation

13.17 Centogene

13.18 Pathway Genomics

13.19 Medgenome

13.20 True Health

For more information about this report visit https://www.researchandmarkets.com/r/clwz04

View source version on businesswire.com:https://www.businesswire.com/news/home/20191120005414/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager


For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900



SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 11/20/2019 06:40 AM/DISC: 11/20/2019 06:40 AM