Press release
With 9.43% CAGR, Preimplantation Genetic Testing Market Size US$ 816.3 Million by 2027
Preimplantation Genetic Testing Market
Preimplantation genetic testing refers to the process of testing embryos for abnormal chromosomes before they are transferred to the uterus. It is performed in a lab using in vitro fertilization (IVF). This test shows if an embryo is normal (no disease) or affected (has the disease) and if the embryo is carrying the disease but unaffected by it. Preimplantation genetic testing ensures that the embryo selected for transfer has the right number of chromosomes, thereby decreasing the chances of a failed IVF cycle and reducing the likelihood of miscarriage.
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Market Growth and Demand:
The global market is majorly driven by the growing requirement to prevent physical abnormalities and health issues in neonates. In line with this, the rising demand for improved medical services is significantly contributing to the market growth. Furthermore, multiple governments and NGOs are taking initiatives to improve women's and kids' health by spreading awareness regarding the benefits of early genetic illness identification, which, in turn, is positively influencing the market. Apart from this, the increasing incidence of diseases caused by a single gene, mitochondrial, and other gene-related factors are catalyzing the market. Moreover, the escalating advent of medical knowledge and the growth of technologically advanced genetic devices are propelling market expansion. Besides, positive responses from various regulatory authorities to preimplantation genetic testing and numerous opportunities for conceiving healthier kids are expected to provide a boost to the market. Additionally, the increasing choice of women towards conceiving later is favoring the market.
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Key Players of the Market:
• Abbott Laboratories
• Agilent Technologies Inc
• F. Hoffmann-La Roche Ltd
• Illumina Inc
• Laboratory Corporation of America Holdings
• Natera Inc
• Oxford Gene Technology IP Limited (Sysmex Corporation)
• PerkinElmer Inc
• Quest Diagnostics Incorporated,
• The Cooper Companies Inc
• Thermo Fisher Scientific
Key Market Segmentation:
Breakup by Product:
• Reagents and Consumables
• Instruments
Breakup by Procedure:
• Preimplantation Genetic Screening
• Preimplantation Genetic Diagnosis
Breakup by Technology:
• Next-Generation Sequencing
• Polymerase Chain Reaction
• Fluorescence in Situ Hybridization
• Comparative Genomic Hybridization
• Single-Nucleotide Polymorphism
Breakup by Application:
• Aneuploidy
• Single Gene Disorder
• Structural Chromosomal Abnormalities
o Translocations
o Deletions
o Duplications
o Inversions
• X-Linked Disorders
• Human Leukocyte Typing
• Gender Identification
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Contact us:
IMARC Group
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Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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