Press release
Preimplantation Genetic Testing Market to reach Blatant Growth in Coming Years by 2031 | Quest Diagnostics, Natera, COOPER SURGICAL, Genea Pty Limited., Invitae Corporation, Thermo Fisher Scientific
Preimplantation Genetic Testing Market
The Preimplantation Genetic Testing Market was valued at USD 653.52 million in 2023 and is projected to reach USD 1,420 million by 2031, growing at a compound annual growth rate (CAGR) of 9.0% during the forecast period.
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Some of the key players in the market are:
Quest Diagnostics Incorporated, Natera, Inc., COOPER SURGICAL, INC., Genea Pty Limited., Invitae Corporation, Laboratory Corporation of America Holdings, Thermo Fisher Scientific Inc., Bioarray S.L., Illumina, Inc., Igenomix.
The implementation of aneuploidy screening in PGD has significantly improved IVF procedures. Aneuploidy testing in IVF centers helps identify abnormal embryos, leading to higher pregnancy success rates. Preimplantation genetic testing for aneuploidy (PGT-A) screens embryos for chromosomal information, ensuring the correct number of chromosomes is present. The advantages of PGT-A, such as increased pregnancy chances, reduced miscarriage rates, and fewer IVF cycles needed to achieve pregnancy, are expected to boost the adoption of these tests over the forecast period.
Key Market Drivers:
1. Rising Infertility Rates: Lifestyle changes, delayed parenthood, and environmental factors have contributed to increasing infertility rates globally, leading to a higher demand for assisted reproductive technologies (ART) and PGT.
2. Technological Advancements: Innovations such as Next-Generation Sequencing (NGS) and improved embryo biopsy techniques have enhanced the accuracy and efficiency of genetic testing, making PGT more accessible and reliable.
3. Increased Awareness and Acceptance: Growing awareness of genetic disorders and the benefits of early detection have led to greater acceptance of PGT among prospective parents and healthcare providers.
4. Regulatory Support: Favorable government policies and funding for genetic research have facilitated the integration of PGT into standard reproductive healthcare practices.
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Preimplantation Genetic Testing Market Report Segmentation:
By Procedure Type:
• Preimplantation Genetic Screening
• Preimplantation Genetic Diagnosis
By Technology:
• Next-Generation Sequencing
• Polymerase Chain Reaction
• Fluorescence In Situ Hybridization
• Comparative Genomic Hybridization
• Single-Nucleotide Polymorphism
By Product:
• Reagents and Consumables
• Instruments
• Software and Services
By Application:
• Aneuploidy
• Structural Chromosomal Abnormalities
• Single Gene Disorders
• X-Linked Disorders
• HLA Typing
• Gender Identification
By Type of Cycle:
• Fresh non-Donor
• Frozen non-Donor
• Fresh Donor
• Frozen Donor
By End User:
• Fertility Clinics
• Hospitals
• Diagnostic Laboratories
• Other End Users
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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