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Prenatal DNA Sequencing Global Market Analysis, Trends, Growth, Research And Forecast 2033
Prenatal DNA Sequencing Global Market Analysis
According to The Business Research Company's, The prenatal dna sequencing market size has grown rapidly in recent years. It will grow from $2.23 billion in 2023 to $2.56 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to changing patient preferences, medical advancements and research, non-invasive testing adoption, rising maternal age, improved accuracy and reliability..
The prenatal dna sequencing market size is expected to see rapid growth in the next few years. It will grow to $4.56 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to consumer demand for early detection, rising maternal age and pregnancy risks, public health initiatives, regulatory support and guidelines, advancements in data analysis.. Major trends in the forecast period include research and development efforts, ethical and regulatory considerations, improved data interpretation tools, precision medicine integration, prenatal genetic counseling..
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Market Drivers and Trends:
The increasing prevalence of cancer is expected to propel the growth of the prenatal DNA sequencing market going forward. Cancer refers to a disease in which a few body cells grow uncontrollably and spread to other parts. Prenatal DNA sequencing in cancer is used to detect fetal aneuploidy in maternal plasma and to identify cancer in the fetus. The sequencing reveals the inherited or germline DNA changes that raise a person's chance of developing cancer. For instance, in January 2023, according to the American Cancer Society, a US-based nonprofit cancer advocacy organization, the number of cancer cases increased from 1,898,160 in 2021 to 1,958,310 in 2023, reflecting a growth of 3.16%. , Therefore, the prevalence of cancer is driving the prenatal DNA sequencing market.
Product innovation is a key trend gaining popularity in the prenatal DNA sequencing market. Major companies operating in the market are focused on developing innovative solutions to strengthen their market position. For instance, in November 2022, Juno Diagnostics, Inc., a US-based health technology company that democratizes access to valuable genetic information, launched the noninvasive prenatal screening test ""Hazel"". The test is uniquely designed with no risk of miscarriage, and it can be performed as early as 9 weeks into pregnancy by using a small amount of blood. It screens the pregnancy for common genetic conditions caused by extra or missing chromosomes, such as Down syndrome, Edwards syndrome, and Patau syndrome.
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Major Key Players of the Market:
Agilent Technologies Inc.; BGI Group; F. Hoffmann-La Roche Ltd; Illumina Inc.; Laboratory Corporation of America Holdings; Natera Inc.; Genomic Health Inc.; Myriad Genetics Inc.; Invitae Corporation; PerkinElmer Inc.; Macrogen Inc.; Pacific Biosciences of California Inc.; Genewiz LLC; 10x Genomics Inc.; Oxford Nanopore Technologies Limited; Thermo Fisher Scientific Inc.; Berry Genomics Co. Ltd.; Centrillion Technology Holdings Corp.; Cynvenio Biosystems Inc.; Eurofins LifeCodexx AG; Fluidigm Corp.; GATC Biotech AG; GeneDx Inc.; Genoma SA; Good Start Genetics Inc.; Helix OpCo LLC; Igenomix S.L.; Integrated DNA Technologies Inc.; KellBenx Inc.; LifeCodexx AG
Prenatal DNA Sequencing Market 2024 Key Insights:
• The prenatal dna sequencing market will grow to $4.56 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%.
• The Rising Prevalence Of Cancer Drives Growth In Prenatal Dna Sequencing Market
• Innovative Solutions In Prenatal Dna Sequencing Market
• North America was the largest region in the prenatal DNA sequencing market in 2023
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