Carrier Screening Market to grow at a CAGR of 14.6 percent during the forecast period

(IT-NEWSWIRE.COM, June 09, 2023 ) The “Carrier Screening Market” was valued USD 2 Bn in 2022 and is expected to grow at a CAGR of 14.6 percent over the forecast period to reach USD 5.19 Bn by 2029.

Carrier Screening Market Scope and Research Methodology

Major service provider in the Carrier Screening Market are listed by region, total market revenue, financial status, advancements adopted by the market players and mergers & acquisitions. Primary and secondary research was conducted to collect data from the Carrier Screening Market.

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Carrier Screening Market Dynamics

Increasing genetic illness and disorders is expected to boost the Carrier Screening market growth over the forecast period. This test is cost effective, provides accurate result compared to traditional screening, which is significantly contributing for the market growth. Stringent regulations about the screening is expected to hinder the Carrier Screening Market growth.

Carrier Screening Market Regional Insight

North America region is expected to boost the Carrier Screening Market growth over the forecast period. The region is expected to grow with a growth rate of 11.9 percent by 2029. Federal government is promoting the market in the region, which is expected to boost the market growth.

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Carrier Screening Market Segmentation

By Type:

Expanded Carrier Screening

Customized Panel Testing

Predesigned Panel Testing

Targeted Disease Carrier Screening

By Medical Condition:

Pulmonary Conditions

Hematological Conditions

Neurological Conditions

Other Conditions

By Technology:

DNA Sequencing

Polymerase Chain Reaction

Microarrays

Others

By End User:

Hospitals and clinics

Reference Laboratories

Physician Offices

Others

Carrier Screening Market Key Players Include

Fulgent Genetics Inc.

Illumina Inc.

Diasorin S.p.A.

Natera Inc.

Thermo Fisher Scientific Inc.

Eurofins Scientific

Myriad Genetics Inc.

Opko Health Inc

Quest Diagnostics Inc.

InVitae Corporation

Sena4

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Maximize Market Research is leading Information Biotechnology research firm, has also published the following reports:

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Carrier Screening Market to grow at a CAGR of 14.6 percent during the forecast period