Preimplantation Genetic Testing Market Analysis, By Test Type (Diagnostics, Screening), By Application (Embryo HLA Typing, IVF Prognosis, Late-Onset Genetic Disorders), By Technology (NGS-based, PCR-based, FISH-based), By Sales Type, By End Use
The global preimplantation genetic testing market is projected to grow at a staggering 9% value CAGR, reaching US$ 1,420 Million, following an assessment period ranging from 2022-2032. As per a newly published report on this industry by Fact.MR, a valuation of US$ 653.52 Million has been anticipated during FY 2022.
From 2017-2021, demand for preimplantation genetic testing flourished at a growth rate of 8%, concluding at US$ 599.53 Million. An increasing number of people suffering from genetic diseases due to changing lifestyles has heightened growth prospects.
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The biggest benefit offered by preimplantation testing is it offers an opportunity to conceive a pregnancy unaffected by genetic conditions. Researchers and healthcare institutes are trying to find new methods and techniques using the latest technology to minimize various risks associated with preimplantation genetic testing.
Increasing Prevalence of Genetic Screening across Specialized Clinics to Fuel Global Demand
According to the Centers for Disease Control and Prevention (CDC), chronic ailments such as cancer, heart disorders, and diabetes are the leading cause of disability and death in people across the United States.
Every year, the nation's healthcare system spends close to US$ 3 billion on direct and indirect expenses. Additionally, it is anticipated that in the upcoming years, market expansion would be aided by healthcare professionals' growing awareness of the efficacy of genetic testing techniques.
Key Takeaways from the Market Study
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Competitive Landscape
The global market is highly fragmented with the presence of a large number of local and regional players. Market players are concentrating on product launches to broaden their market footprints.
Key Companies Profiled In Preimplantation Genetic Testing Market Report
Key Segments of Preimplantation Genetic Testing Market
More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global preimplantation genetic testing market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period 2022-2032.
The study reveals essential insights based on Test Type (Diagnostics, Screening) End User (Hospitals, Diagnostic Labs, Research & Academic Institutions, Specialized Clinics, Other End Users) Application (Embryo HLA Typing for Stem Cell Therapy, IVF Prognosis, Late-Onset Genetic Disorders, Inherited Genetic Diseases, Others) Technology (NGS-based, PCR-based, FISH-based, CGH-based, SNP-based) across six major regions (North America, Latin America, Europe, Japan, APEJ, and the Middle East & Africa).
About Fact.MR Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categori
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Jun 26, 2023