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Prenatal Genetic Testing Market Forecast by 2024 Increasing Approaches for Novel Diagnostic Techniques and Tools the +28.85% CAGR Industry

Prenatal Genetic Testing Market Report 2018 added by Data Bridge Market Research explores Global Prenatal Genetic Testing Market size, share and growth with forecast to 2024.


Pune, India -- (SBWIRE) -- 03/19/2018 -- Global Prenatal Genetic Testing Market, 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).

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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Major Market Competitors:

Global prenatal genetic testing market is dominated by Bio-Rad Laboratories Inc., Agilent Technologies Inc., Illumina, Inc. and Natera Inc followed by Abbott, Cepheid Inc., ELITech Group, Autogenomics, Sequenom, GeneDx , 23andMe, Inc. , Ambry Genetics, Ariosa Diagnostics Inc, Counsyl, Inc., Invitae Corporation, Pathway Genomics, Progenity, Inc., and Verinata Health, Inc.. among others.

Competitive Analysis:

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.

Market Definition:

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.

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Major Market 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 R&D activities related to genomics and proteomics

Increasing healthcare expenditure

High test costs

Market 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.

On the basis of geography, prenatal genetic testing market is segmented into key regions: North America, South America, Europe and Asia Pacific, and 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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