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Prenatal DNA Sequencing Market Size Forecasted To Achieve $5.3 Billion By 2029 With Steady Growth
The Prenatal DNA Sequencing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Prenatal DNA Sequencing Market Size During the Forecast Period?
In recent times, there has been significant growth in the size of the prenatal DNA sequencing market. It is projected to escalate from $2.5 billion in 2024 to $2.84 billion in 2025, experiencing a compound annual growth rate (CAGR) of 13.9%. Factors such as evolution in patient choices, advancements in medical research, increased acceptance of non-invasive testing, a rise in maternal age, and enhancements in accuracy and dependability have contributed to the growth during the past period.
Anticipated to expand swiftly in the following years, the prenatal DNA sequencing market is projected to reach $5.3 billion by 2029, with a compound annual growth rate (CAGR) of 16.8%. This growth in the expected period is associated with an increase in consumer demand for early diagnosis, escalating maternal age and pregnancy complications, public health measures, regulatory backing and recommendations, and data analysis advancements. Significant trends during this forecast period encompass research and development activities, ethical and policy matters, enhanced data interpretation instruments, integration of precision medicine, and prenatal genetic counseling.
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What Are the Major Segments in the Prenatal DNA Sequencing Market?
The prenatal DNA sequencing market covered in this report is segmented -
1) By Type: Genetic Diseases, Nonhereditary Diseases
2) By Application: Hemophilia, Down Syndrome, Cystic Fibrosis, Autism, DiGeorge Syndrome, AIDS (Acquired Immunodeficiency Syndrome), Cancer, Other Applications
3) By End User: Academic Research, Clinical Research, Hospitals And Clinics, Pharmaceutical And Biotechnology Companies, Other End Users
Subsegments:
1) By Genetic Diseases: Monogenic Disorders, Chromosomal Abnormalities
2) By Nonhereditary Diseases: Infectious Diseases, Maternal Health Conditions
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What Are The Driving Prenatal DNA Sequencing Market Evolution?
A surge in cancer occurrences is anticipated to drive the growth of the prenatal DNA sequencing market. Cancer is defined as a condition where certain cells in the body proliferate out of control, infiltrating other regions. Prenatal DNA sequencing is applied in cancer cases to detect fetal aneuploidy within maternal plasma and to diagnose cancer in the unborn child. This method exposes the hereditary or germline DNA modifications that increase the likelihood of an individual developing cancer. For example, data from the American Cancer Society, a US-based nonprofit cancer advocacy group, reveals that there was a rise in cancer cases from 1,898,160 in 2021 to 1,958,310 in January 2023, indicative of a 3.16% increase. Consequently, the rising incidence of cancer is contributing to the expansion of the prenatal DNA sequencing market.
Which Firms Dominate The Prenatal DNA Sequencing Market Segments?
Major companies operating in the prenatal DNA sequencing market include Agilent Technologies Inc., BGI Group, F. Hoffmann-La Roche Ltd, Illumina Inc., Laboratory Corporation of America Holdings, Natera 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, GeneDx Inc., Genoma SA, Helix OpCo LLC, Igenomix S.L., Integrated DNA Technologies Inc.
What Trends Are Expected to Dominate the Prenatal DNA Sequencing Market in the Next 5 Years?
Product innovation is emerging as a major trend in the prenatal DNA sequencing industry, as leading firms aim to create cutting-edge solutions to secure their standing in the market. To illustrate, Juno Diagnostics, Inc., an American healthcare technology company that seeks to make valuable genetic information easily accessible, launched the 'Hazel' non-invasive prenatal screening test in November 2022. This test, which poses no miscarriage risk, can be administered as early as 9 weeks into a pregnancy with just a small blood sample. It is capable of detecting common genetic disorders resulting from additional or absent chromosomes, including Down syndrome, Edwards syndrome, and Patau syndrome.
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Which Is The Largest Region In The Prenatal DNA Sequencing Market?
North America was the largest region in the prenatal DNA sequencing market in 2024. The regions covered in the prenatal DNA sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Prenatal DNA Sequencing Market?
2. What is the CAGR expected in the Prenatal DNA Sequencing Market?
3. What Are the Key Innovations Transforming the Prenatal DNA Sequencing Industry?
4. Which Region Is Leading the Prenatal DNA Sequencing Market?
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