Prenatal Genetic Testing Market SWOT Analysis and Increasing R&D Activities Related to Genomics and Proteomics the 28.85% CAGR Industry

“Global Prenatal Genetic Testing Market – Industry Trends and Forecast to 2024”
Global Prenatal Genetic Testing Market Research Information: By Technology {Diagnostics Methods (PCR, aCGH, FISH), Screening Techniques (Non-Invasive Prenatal Tests, Maternal Serum Screening)}; End User (Hospitals, Clinics, Diagnostic Centers); Geography (North America, Europe, Asia-Pacific, South America, Middle East, Africa) – Forecast Till 2024

Prenatal genetic testing is done to know the birth defects such as Down syndrome, Trisomy 13, Trisomy 18 and others that are associated with genetic disorder of an unborn child before birth or during pregnancy.

Market Overview:

The global prenatal genetic testing market is accounted for USD 7.2 billion in 2016 growing at a CAGR of 28.85% during the forecast period of 2017 to 2024. The upcoming market reports contain data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The prenatal genetic testing market is highly fragmented and is based on new product launches and clinical results of products. Governmental regulations and standards are playing a major role in sustaining the growth of the market.  Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of prenatal genetic testing market for global, Europe, North America, Asia Pacific, and South America.

Drivers and Restraints:

  • Increasing prevalence of genetic diseases such as Down syndrome, Edward syndrome and Patau syndrome and rising awareness among population.
  • Rising demand for prenatal testing for identifying genetic abnormalities.
  • Increasing approaches for novel diagnostic techniques and tools
  • Increasing healthcare expenditure
  • High test costs

Regional Analysis:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. North America is the largest market for prenatal genetic testing and is expected to dominate the market throughout the forecast period. Asia Pacific is the fastest growing region in the forecast period.

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Top Key Vendors:

  • Bio-Rad Laboratories Inc.
  • Agilent Technologies Inc.
  • Illumina, Inc.
  • Natera Inc.
  • Abbott
  • Cepheid Inc.
  • ELITech Group
  • Autogenomics
  • Sequenom
  • GeneDx
  • 23andMe, Inc.
  • Ambry Genetics
  • Ariosa Diagnostics Inc.
  • Counsyl, Inc.
  • Invitae Corporation
  • Pathway Genomics
  • Progenity, Inc.
  • Verinata Health, Inc.
  • Among others.

Segmentation:

  • On the basis of technology, global prenatal genetic testing market is segmented into diagnostic methods and screening. The diagnostic methods are further sub segmented into PCR, aCGH, FISH. The screening techniques are further sub segmented into non-invasive prenatal tests and maternal serum screening.
  • On the basis of screening techniques, the global prenatal genetic testing market market is segmented into carrier screening, sequential screening, and maternal serum quad screening.
  • On the basis of end users, global prenatal genetic testing market is segmented into hospitals, clinics, diagnostic centres.

Key Questions Answered in Global Prenatal Genetic Testing Market Report:-

  • What will the market growth rate, Overview and Analysis by Type of Global Prenatal Genetic Testing Market in 2024?
  • What are the key factors driving, Analysis by Applications and Countries Global Prenatal Genetic Testing Market?
  • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Prenatal Genetic Testing Market?
  • What are Opportunities, Risk and Driving Force of Global Prenatal Genetic Testing Market?
  • What are the opportunities and threats faced by the vendors in Global Prenatal Genetic Testing Market?
  • What are the Global Prenatal Genetic Testing Market opportunities, market risk and market overview of the Market?

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