Reproductive Genetics Market to be dominated by Microarray type through 2028
Increasing demand for genetic testing and screening is
expected to drive the growth of global reproductive genetics market in the forecast period, 2024-2028.
According to TechSci Research report, “Reproductive Genetics Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, the
global reproductive genetics market is anticipated to grow at an impressive rate in the forecast
period, 2024-2028. This can be ascribed to the increasing demand for
genetic testing and screening to identify genetic disorders among the global population.
Additionally, growing maternal age leading to pregnancy complications, especially
in the developed countries in the North America and Europe, is expected to
create lucrative opportunities for the market growth in the coming years. Besides,
increasing demand for early detection and prevention of genetic disorder is
further expected to support the market growth. Similarly, rising maternal age
leads to pregnancy complications, and rising emphasis on early detection and
prevention will further boost the market growth during the forecast period. Also,
rising funding opportunities for testing instruments, shifting of reimbursement
policies toward enhanced genetic testing coverage will drive the market growth
over the years.
However, the lack
of awareness on genetic disorders and high cost of genetic testing is slowing
down the growth of global reproductive genetics market in the forecast
period. Similarly, low economical conditions in the underdeveloped regions
along with the lack of favorable insurance systems, may hamper the reproductive genetics market growth
during the forecast period. Also, lack of social acceptance due to negative
impacts of genetic testing in emerging countries, can further restrict the
growth of global reproductive genetics market.
Similarly, lack of regulations about genetic testing may hamper the growth of
the market.
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Based on Technology, the global reproductive genetics market can be segmented into Next Generation
Sequencing, Polymerase Chain Reaction, In Situ Hybridization, and Microarrays. The microarray segment dominated the market
in 2022 and is expected to continue maintaining its dominance throughout the
forecast period. This can be ascribed to identify structural abnormalities that
are examined by ultrasonography on a pregnant woman and increasing number of
pregnant women to gain insights into the prospects of having children and
possibilities of genetic disorders.
Based on procedure type, the market can be
segmented Carrier Screening, Prenatal Screening, Preimplantation Genetic
Testing, and Infertility Genetic Testing. The carrier screening segment is expected to
dominate during the forecast period on account of increasing demand to identifying
genetic disorders such as down syndrome and reduce the risk of transferring it
to their children. Also, growing advancements in genomic technologies and
implementation of these technologies in clinical medicine have expanded the usage
in the diagnosis of genetic disorders, carrier screening, and identification of
causes of infertility this in turn is expected to create a significant growth
of the market over the years.
Major companies operating in the global reproductive genetics market are:
- CooperSurgical, Inc.
- Centogene AG
- Invitae Corporation
- Illumina, Inc.
- Myriad Genetics, Inc.,
- Thermo Fisher Scientific Inc.
- Laboratory Corporation of America Holdings
- Quest Diagnostics
- Natera, Inc
- Eurofins Scientific SE
In March 2020, Agilent Technology announced
the launch of three new microarrays for prenatal and postnatal research. The
microarray includes updated clinically relevant content from respected
databases. Progression of next-generation sequencing is uncovering new
gene-disease associations and databases are rapidly evolving to include these
discoveries.
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“North
America is expected to dominate in the global reproductive genetics market due to the increasing number of invitro
fertilization procedures among people across the region. Furthermore, the increasing
adoption of advance genomic techniques to identify genetic disorders, along
with the increasing demand for using advanced techniques in developing regions
are further contributing to demand for reproductive genetics. Also, growing
demand for needful information about the probability of having a child or not
will further boost the market growth during the forecast period. Besides, increasing
favorable government reimbursement policies and growing awareness about genome
sequencing in the region are further expected to create lucrative opportunities
for the market growth” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Reproductive
Genetics Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Component (Laboratory Developed Tests, Kits & Assays,
Reagents & Consumables), By Technology (Next Generation
Sequencing, Polymerase Chain Reaction, In Situ Hybridization, Microarrays), By Procedure Type (Carrier Screening, Prenatal Screening, Preimplantation
Genetic Testing, Infertility Genetic Testing), By Application (Aneuploidy,
Single Gene Disorder, Structural Chromosomal Abnormality, Others), By Region and
Competition”, has
evaluated the future growth potential of global reproductive genetics market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global reproductive genetics market.
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