Press release
Predictive Genetic Counselling Market Size, Trends, Competitive Landscape, Forecast till 2031 | Key Players: Abbott, Thermo Fisher Scientific, Agilent Technologies, Illumina, QIAGEN, Myriad Genetics, Siemens
Predictive genetic counselling represents a critical component of personalized medicine, offering individuals insights into their genetic predispositions, disease risks, and potential health outcomes based on their genetic makeup. The global predictive genetic counselling market is poised for significant growth, driven by advancements in genomic technologies, increasing awareness of genetic testing, and growing demand for personalized healthcare solutions. As genetic testing becomes more accessible and affordable, individuals are increasingly seeking genetic counselling services to better understand their genetic information and make informed decisions about their health and well-being.The Predictive Genetic Counselling Market was valued at USD 7.40 billion in 2023 and is projected to reach USD 20.85 billion by 2031, growing at a compound annual growth rate (CAGR) of 13.60% during the forecast period.
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Some of the key players in the market are:
F. Hoffmann-La Roche Ltd (Switzerland), Abbott (USA), Thermo Fisher Scientific Inc. (USA), Agilent Technologies, Inc. , Illumina, Inc. (USA), QIAGEN (Germany), Myriad Genetics, Inc. (USA), Pathway (USA), Siemens (Germany), Genomic Health, Inc. (Iceland) and Others.
In recent years, direct-to-consumer (DTC) genetic testing has experienced considerable growth, allowing individuals to obtain predictive genetic information independently of healthcare professionals. This trend aligns with the increasing consumer interest in health-related data. Conversely, professional environments offer more thorough and clinical genetic counseling, enabling a tailored strategy for disease prevention and management. Various predictive testing techniques, including genetic susceptibility assessments, predictive diagnostics, and population screenings, are extensively utilized in multiple medical disciplines, particularly for the detection and prevention of conditions such as cancer, cardiovascular diseases, and genetic disorders like Parkinson's disease.
Key Drivers of Market Growth
1. Advancements in Genomic Technologies:
The development of next-generation sequencing (NGS), CRISPR, and other genomic technologies has revolutionized the field of genetic testing, making it more accurate, affordable, and accessible.
2. Increasing Prevalence of Genetic Disorders:
The rising prevalence of genetic disorders, such as cancer, cardiovascular diseases, and neurological conditions, is driving the demand for predictive genetic counselling.
3. Growing Demand for Personalized Medicine:
Personalized medicine, which tailors medical treatment to an individual's genetic makeup, is gaining traction. Predictive genetic counselling plays a crucial role in enabling personalized healthcare.
4. Rising Awareness of Genetic Testing:
Increasing awareness of the benefits of genetic testing and counselling is encouraging more individuals to seek these services.
5. Government Initiatives and Funding:
Governments and healthcare organizations worldwide are investing in genomic research and promoting the adoption of genetic testing and counselling services.
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Predictive Genetic Counselling Market Report Segmentation:
By Setting Type:
• DTC
• Professional
By Predictive Testing:
• Genetic Susceptibility Testing
• Predictive Diagnostics
• Population Screening
By Predictive Testing:
• Consumer Genomics
• Breast and Ovarian Cancer
• Cardiovascular Screening
• Diabetic Screening and Monitoring
• Colon Cancer
• Parkinsonism/Alzheimer's Disease
• Urologic Screening/Prostate Cancer Screening
• Orthopedic and Musculoskeletal
• Others
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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