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How is Rising Prevalence of Genetic Diseases Causing Rapid Advancements in Carrier Screening Market?

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Pramod Kumar
How is Rising Prevalence of Genetic Diseases Causing Rapid Advancements in Carrier Screening Market?

The rising incidence of genetic diseases is one of the biggest factors responsible for the surge in the adoption of carrier screening processes across the world. The risk and severity of most of the genetic diseases depend on the patient’s ancestors and carrier status. The American College of Obstetricians and Gynecologists recommends the testing of all pregnant women and those considering motherhood in future in order to detect early the risk of various diseases such as fragile X syndrome, spinal muscular atrophy (SMA), and cystic fibrosis.

Access Report Summary -Carrier Screening Market Growth

Due to the above-mentioned factors, the global carrier screening market attained a valuation of $1,303.6 million in 2019 and is expected to exhibit a CAGR of 10.9% during the forecast period (2020–2030). There are mainly two types of carrier screening methods used for detecting genetic diseases — expanded carrier screening and targeted carrier screening. Of these, the expanded carrier screening method recorded higher utilization in 2019. This is ascribed to the fact that this method of carrier screening makes it possible to test for multiple diseases at the same time.

Carrier screening is being widely adopted in hospitals, laboratories, and clinics. Amongst these, the hospitals are expected to register the fastest growth in the adoption of carrier screening methods during the forecast period. This is primarily attributed to the increasing usage of genetic disease testing kits by experienced medical practitioners in hospitals. In addition to this, there has been a huge rise in the number of insurance firms offering reimbursements for genetic disease tests conducted in hospitals, which is massively boosting the adoption of carrier screening methods in these healthcare settings.

Thus, the demand for carrier screening procedures will grow exponentially across the world, especially in the APAC region, in the coming years, on account of the rising prevalence of genetic diseases and increasing awareness amongst the people about genetic screening tests.

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