Carrier Screening Market is Driven by Surging Incidence of Genetic Disease

As per the report by the market research company, the carrier screening market is experiencing growth. This development can be credited to the rising occurrence of hereditary diseases, the growing obtainability and affordability of tests, and the rising count of advanced product launches.

In the past few years, the expanded carrier screening category, held the largest market share, credited to the huge-scale utilization of next-generation sequencing and numerous other high-quantity technologies for carrier screening throughout the globe. Furthermore, the expanded method of carrier screening allows one to test for several diseases at once.

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Huge biotechnology companies all over the globe are progressively concentrating on getting companies that offer solutions for tests. For instance, in January 2020, Blueprint Genetics, a specialist in hereditary testing solutions, was purchased by Quest Diagnostics Inc. Through this attainment, Quest Diagnostics Inc. targets to improve expertise in rare and genetic illnesses, R&D of medicinal drugs, and approaches to advance patient care.

In recent years, North America dominated the market with the largest revenue share, and it is also projected to continue with the dominance in future as well. This can be ascribed to the high rate of tests being directed to find out whether the person is in danger or a carrier of any genetic syndrome. Other boosters for this industry are its cutting-edge healthcare infrastructure and the presence of numerous well-known key players.

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Under the end-user segment, the hospital's category is projected to witness the fastest growth in the coming few years. This is because of the ample utilization of genetic illness testing tools by experienced specialists in these healthcare surroundings.

Hence, the rising occurrence of hereditary diseases, the growing obtainability and affordability of tests, and the rising count of advanced product launches are the major factors contributing to the growth of the carrier screening industry.

Browse more reports:

Blood Screening Market Report - https://www.psmarketresearch.com/market-analysis/blood-screening-market

DNA Sequencing Market Report - https://www.psmarketresearch.com/market-analysis/dna-sequencing-market

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This release was published on openPR.