Carrier Screening Market to Reach USD 4,323.84 Million by 2033 at a 12.4% of CAGR

Carrier Screening Market
Carrier Screening Market

The global carrier screening market is set for substantial growth, with an estimated market size of USD 1,343.40 million in 2023. Projections show the market expanding at a compound annual growth rate (CAGR) of 12.4% over the next decade, reaching USD 4,323.84 million by 2033.

Carrier screening, a genetic testing process used to identify potential genetic disorders in individuals or couples planning to start a family, is witnessing increasing demand. Factors driving this growth include heightened awareness of genetic conditions, the rising adoption of advanced screening technologies, and increasing government support for genetic research and preventive healthcare.

Carrier screening, a crucial component in prenatal care and genetic counseling, is gaining prominence as more individuals seek to understand their genetic risks and make informed decisions about family planning. The market’s impressive growth is driven by increasing awareness of genetic disorders, advancements in screening technologies, and the rising demand for personalized healthcare solutions.

The introduction of innovative tests for better diagnosis and treatment is having an increasing impact on the global carrier screening industry. The sector is growing as a result of the increase in genetic defects and chronic diseases.

Dynamics of the Global Carrier Screening Market

Throughout the projected period, market participants are anticipated to increase their mergers, agreements, and acquisitions. For instance, to sell the extended carrier screening (ECS) test in Hong Kong, Counsyl, Inc. expanded its cooperation with Angsana Molecular & Diagnostics Laboratory in July 2017. Furthermore, Myriad Genetics, Inc. purchased Counsyl, Inc. in July 2018. The acquisition is anticipated to improve Myriad Genetics, Inc.’s portfolio of genetic tests.

Several launches and approvals of new carrier screening tests are probably going to fuel market expansion during the anticipated time.

Regional Insights for the Global Carrier Screening Market

Due to product approvals and the introduction of novel carrier screening tests, North America held the leading market share through 2033. For instance, in October 2019, Sema4 announced the availability of the Expanded Carrier Screen, a test that estimates the likelihood that a kid may inherit a genetic condition.

Due to the introduction and acceptance of new screening tests in the region, Europe is also experiencing profitable growth in the carrier screening industry.

For instance, the QIAseq Expanded Carrier Screening Panel was introduced by the German company QIAGEN in June 2019. For molecular diagnostics, QIAGEN delivers sample and assay technology. About the targets and genes responsible for 200 illness indications are disclosed by the QIAseq.

Key Takeaways

  • With a 12.9% CAGR between 2023 and 2033, the expanded carrier screening (ECS) segment is anticipated to be the key revenue-generating market.
  • Through 2033, the DNA sequencing market sector held a 39.9% revenue share, dominating the carrier screening market.
  • With a 47.1% carrier screening market share throughout the projection period, the laboratory segment dominated the global market.
  • With a share of 40.19% through 2033, the North American market is anticipated to hold a leading position in the carrier screening market.

Competitive Landscape

There are several significant participants in the fragmented and competitive carrier screening natera market. A small number of significant businesses control a large portion of the market.

The market’s overall competitive rivalry is growing as a result of the existence of significant players including Abbott, F. Hoffmann-La Roche AG, Danaher Corporation (Cepheid), Illumina Inc., and Thermo Fisher Scientific Inc.

Recent Development

· Collaboration – To Co-develop

Illumina and Kartos Therapeutics, Inc. announced a collaboration to co-develop a TP53 companion diagnostic (CDx) in April 2021. This CDx is based on the information provided by Illumina’s comprehensive genomic profile assay, TruSight Oncology.

· Partnership – Utilizing the Skills of Both Parties

Fulgent and Precision Genomics Laboratory (PGL) partnered in January 2019 to offer Columbia patients on-site performed, expanded carrier screening.

· Acquisition – For Expansion

Fulgent purchased CSI Laboratories (CSI) in August 2021 to increase its exposure to somatic molecular diagnostics and cancer testing. CSI provides molecular genetics, immunohistochemistry, fluorescence in-situ hybridization (FISH), and cytogenetic studies.

Key Segments  

By Type:

  • Expanded Carrier Screening
  • Targeted Disease Carrier Screening

By Medical Condition:

  • Cystic Fibrosis
  • Tay-Sachs
  • Gaucher Disease
  • Sickle Cell Disease
  • Spinal Muscular Atrophy
  • Other

By Technology:

  • DNA Sequencing
  • Polymerase Chain Reaction
  • Microarrays
  • Other

By End User:

  • Hospitals
  • Laboratories
  • Physician Offices & Clinics
  • Other

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these