Preimplantation Genetics Diagnosis (PGD) Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2031
The size of the preimplantation genetics diagnosis (PGD) market has been estimated to grow at a significant speed in the forthcoming years. This rapid growth in the market is on the basis of the high accuracy of the PGD in order to detect genetic disorders. In addition to this, increasing investment to detect genetic disorders along with chromosomal abnormalities around the world is also expected to propel growth opportunities in the global market in the near future.
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In recent years, people from the developing economies around the world are becoming more aware related to the advantage of PGD. This growing awareness among individuals has also been estimated to serve as a vital factor to drive growth impetuses in the global market in the foreseeable years.
Preimplantation Genetics Diagnosis (PGD) Market - Key Drivers
Preimplantation genetics diagnosis is basically a technique that is used to detect genetic defects in embryos that are developed due to IVF (in vitro fertilization) before pregnancy. The test is generally conducted in order to determine genetic abnormality that too beyond its superficial appearance. Furthermore, the diagnosis is also helpful to reduce the chances to conceive unhealthy embryos while conducting embryo genetic testing. So, based on these advanced features, the preimplantation genetics diagnosis (PGD) market has been projected to grow at a noticeable speed throughout the forecast period.
There has been a significant increase in cases of infertility around the world due to rising health problems that are associated with hormones. Furthermore, increasing stress levels, poor diet, smoking, drugs, and consumption of alcohol are some other vital factors that are also contributing to infertility cases. These incidences lead to the growing use of IVF and thus put positive impacts on the growth avenues in the preimplantation genetics diagnosis (PGD) market throughout the forecast period.
Increasing adaptation of the assisted reproductive technology along with the development of the savior siblings in the developing nations around the world are projected to bolster novel growth opportunities in the preimplantation genetics diagnosis (PGD) market in the coming years.
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Preimplantation Genetics Diagnosis (PGD) Market - Recent Developments and Key Players
The preimplantation genetics diagnosis (PGD) market is characterized by the presence of a lot of players that are functioning at local and international levels. Along with this, the presence of these players is also making the market fragmented by nature. The global players are concentrating to adopt new growth strategies in order to achieve their objectives. Further, the rising penetration of global players and growing consumer awareness related to the available brands have also been generating novel growth opportunities in the market. Product portfolio expansion, launching of new products, increased R & D activities to enhance company portfolio, and mergers or tie-up are also incorporated by these industry players in developing and developed countries across the globe.
Some of the key players in the preimplantation genetics diagnosis (PGD) market are:
Agilent Technologies, Inc.
Reproductive Genetic Innovations (RGI)
Quest Diagnostics Inc.
Laboratory Corporation of America Holdings
Preimplantation Genetics Diagnosis (PGD) Market - Regional Assessment
The preimplantation genetics diagnosis (PGD) market has been divided into key four regions that includes Europe, Asia Pacific, North America, and LAMEA on the basis of regions. Out of these prominent global areas, North America has been estimated to account for the maximum share in the global market in the foreseeable years. This market dominance of the region is owing to the increasing regional population along with rising spending on healthcare facilities. So, based on these factors, the preimplantation genetics diagnosis (PGD) market has been projected to grow at a noteworthy pace in the foreseeable years.
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