The Carrier Screening Market Report 2019-2023 focuses on the global Carrier Screening status, future forecast, growth opportunity, key market, and key players.
The Carrier Screening Market report studies the global market size of Carrier Screening in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Carrier Screening in these regions. This research report categorizes the global Carrier Screening market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Carrier Screening include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- 23ANDME INC.
- ABBOTT LABORATORIES
- ROCHE HOLDING AG
- CEPHEID (DANAHER CORPORATION)
- ILLUMINA INC.
- LUMINEX CORPORATION
- SEQUENOM INC. (LABORATORY CORPORATION OF AMERICA HOLDINGS [LABCORP])
- MYRIAD GENETICS
- THERMO FISHER SCIENTIFIC INC.
- AUTOGENOMICS INC.
Overview of Carrier Screening Market Research Report 2019-2023:-
The global carrier screening market is expected to account for a value of USD 2,237 million, registering a CAGR of about 9.8% during the forecast period (2019-2023). Carrier screening is one of the genetic tests that provide the data on whether a particular person carries a gene for certain genetic disorders or not. When the test is performed before or during pregnancy, it allows one to find out the chances of having a child with a genetic disorder.
Increasing Emphasis on Early Disease Detection and Prevention
The earlier a disease is diagnosed, the more likely it is that it can be cured or successfully managed. Early disease detection helps people plan on their health and support needs, and financial and legal matters. It also helps their families receive practical information, advice, and guidance, as they face new challenges. Genetic diseases, such as cystic fibrosis, sickle cell anemia, and Tay-Sachs disease, are inherited disorders. Carrier testing for such diseases can provide information about a coupleâs risk of having a child with a genetic condition. Identification of the risk before the onset of symptoms is called predictive/pre-symptomatic testing. Many genetic disorders can be detected early in pregnancy. So, the consumer demand for safe and effective carrier tests is fueling the growth of the market.
The others factors, such as increasing demand for personalized medicine and increasing application of screening tests in genetic disorders, are also fueling the growth of the carrier screening market.
Social and Ethical Implications of Carrier Screening
Carrier screening tests have long-term implications for an individual and his/her family. The screening tests may raise the issue of stigmatization of a certain population, as mutations for certain diseases may have a higher prevalence in a certain ethnic population. Two major factors are associated with potential stigma, including severity of the deleterious gene and visibility of the carrier status. The carriers refrain themselves from childbearing or donating egg or sperm. It also raises obligations regarding education and counseling. It is also an issue that children may be provided with information that they would rather not have at the age of consent. Parents may reject children with abnormal genes or may be less willing to devote financial resources to their education or other benefits for them. Positive results of carrier screening may cause the individual to be viewed as uninsurable, unemployable, and unmarriageable. In a lot of these cases, physicians have to face a certain degree of ethical tension to protect the confidentiality of the individual who has consented to a test. All the above ethical and social issues related to carrier screening impede the growth of the market. The other factors, such as high cost and reimbursement issues, are also hindering the market growth.
Asia-Pacific is projected to register the Highest CAGR
Asia-Pacific is expected to record the highest CAGR of 10.3% during the forecast period. Increasing investments in R&D activities, production, and rising indigenous production are propelling the market in Asia-Pacific. However, the North American region holds the largest share in the carrier screening market.
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Reasons to Purchase the Report
Key questions answered in the Carrier Screening Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Carrier Screening market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Carrier Screening Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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