Prenatal Genetic Testing Market Business Growth, Opportunities And Market Scope By 2030

Prenatal Genetic Testing Market size was valued at US$ 12.13 Bn in 2023 and is expected to reach US$ 17.76 Bn in 2030. The Global Prenatal Genetic Testing Market is expected to grow at a CAGR of 5.6% through the forecast period.

Prenatal Genetic Testing Market Report Scope and Research Methodology

Report Scope:

The report examines the dynamics, drivers, restraints, and regional insights impacting the Prenatal Genetic Testing Market. It analyzes prenatal testing encompassing screening and diagnosis, crucial components of modern obstetric care aimed at identifying potential genetic abnormalities, chromosomal disorders, and hereditary conditions during pregnancy.

Research Methodology:

The research employs comprehensive methodologies, including advanced genetic technologies and growing awareness among expecting parents. The study investigates Next Generation Sequencing (NGS) methods, qPCR, dPCR, and amplification technologies, assessing their impact on test quality, cost reduction, and market growth.

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Prenatal Genetic Testing Market Dynamics

Market Drivers:

The report highlights rising maternal age as a significant driver impacting the market. With individuals over 35 facing higher risks during pregnancy, screening tests play a crucial role in detecting congenital disorders, fostering the demand for prenatal genetic testing.

Market Restraints:

Legal and regulatory frameworks pose challenges, necessitating the harmonization of regulations to ensure ethical standards, patient privacy, and consistent practices globally. The report discusses ongoing efforts by regulatory bodies like the FDA and CMS to address this challenge.

Prenatal Genetic Testing Market Segmentation

By Tests

Diagnostic Tests
Amniocentesis
Chorion villus biopsy
Ultrasonography
Maternal serum markers
Screening Tests
Carrier Screening
Sequential Screening
Maternal Serum Quad Screening

According to Tests: The market is divided into two segments: Screening Tests (which include Carrier Screening, Sequential Screening, and Maternal Serum Quad Screening) and Diagnostic Tests (which include sub-segments such as Amniocentesis, Chorion villus biopsy, Ultrasonography, and Maternal serum markers). During the projected period, the Diagnostic Tests sector is anticipated to increase at a rapid pace, with Non-Invasive Prenatal Testing (NIPT) holding the highest share. This is explained by the fact that NIPT is more common because of its non-invasiveness, decreased risk, and ability to treat a larger variety of illnesses.

By End Users

Hospitals
Specialty clinics
Diagnostic centers

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Prenatal Genetic Testing Market Key Players

North America:
1. Bio-Rad Laboratories Inc. [Headquarters: Hercules, California, USA]
2. Agilent Technologies Inc. [Headquarters: Santa Clara, California, USA]
3. Illumina Inc. [Headquarters: San Diego, California, USA]
4. Natera Inc. [Headquarters: San Carlos, California, USA]
5. Myriad Genetics Inc. [Headquarters: Salt Lake City, Utah, USA]
6. PreventionGenetics [Headquarters: Marshfield, Wisconsin, USA]
7. Abbott Laboratories [Headquarters: Abbott Park, Illinois, USA]
8. Thermo Fisher Scientific [Headquarters: Waltham, Massachusetts, USA]
9. QIAGEN [Headquarters: Germantown, Maryland, USA]

Europe:
1. Roche Holding AG [Headquarters: Basel, Switzerland]
2. Eurofins Scientific [Headquarters: Luxembourg]
3. Premaitha Health plc [Headquarters: Manchester, United Kingdom]

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Table of content for the Prenatal Genetic Testing Market includes:

Part 01: Executive Summary

Part 02: Scope of the Prenatal Genetic Testing Market Report

Part 03: Global Prenatal Genetic Testing Market Landscape

Part 04: Global Prenatal Genetic Testing Market Sizing

Part 05: Global Prenatal Genetic Testing Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America dominated the market in 2023 due to high R&D in healthcare and increased incidence of hypertensive disorders. Meanwhile, the Asia Pacific region is poised for high growth, driven by rising disposable incomes, awareness of genetic disorders, and government-supported initiatives aimed at enhancing accessibility and affordability of prenatal genetic testing.

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