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2021
Carrier Screening Market

Carrier Screening Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

A11271
Pages: NA
Dec 2021 | 255 Views
   
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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A carrier is a person who inherits one abnormal gene from one of their parents. Carriers often show no symptoms of the genetic disorder that they transfer an abnormal gene. Generally, the only time a person finds out that they are a carrier of a specific genetic disorder is when they have an affected child. For these kinds of genetic diseases to be current in a person, two copies of the abnormal gene are needed. This means that both of the parents have to be a carrier for the child to inherit the disease. Carrier testing is a type of genetic testing that is used to identify if a person is a carrier for a specific autosomal recessive diseases. This kind of testing is utilized most often by couples who are considering becoming pregnant to analyze the risks of their child inheriting one of these genetic disorders.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Medical Condition, Technology, End User and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Invitae, Fulgent Genetics, OPKO Health, Sema4, Myriad Genetics, Eurofins Scientific, Illumina, Thermo Fisher Scientific, and Quest Diagnostics.

 

COVID-19 scenario analysis:

Pharmaceutical and biotechnology companies are joining hands together with governments around the globe in order to work to address the COVID-19 outbreak, from supporting the growth of vaccines to planning for medicines supply chain challenges. It is estimated that around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Besides, commonly used drugs such as Hydroxychloroquine, have witnessed dramatic surge in demand for the management of COVID-19. Such increased demand for these drugs has brought the huge opportunity for manufacturers of COVID-19 management drugs, as many developed countries are short of these drugs. Due to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is projected to witness a significant growth in the future.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis              

The factor which is expected to affect the market include surge in emphasis on early disease detection and hence, prevention of the disease would boost the market in the coming years. Furthermore, technological advancements in carrier screening are expected to help the market gain maximum revenue. Growing awareness of carrier screening is anticipated to provide a wide range of growth opportunities for key market players in the near future. However, lack of standard guidelines for carrier screening is anticipated to hinder the market growth in the current scenario.

New product launches to flourish the market

The major products that are innovated to meet the demand would help the market in the coming years. For instance, in February 2020, Thermo Fisher Scientific presented the Ion Torrent CarrierSeq ECS Kit for the Ion GeneStudio S5 system. The next-generation-sequencing–based solution consolidates a multiplatform approach to the expanded carrier screening into a single solution. The CarrierSeq ECS Kit contains a 420-gene, AmpliSeq-based panel that syndicates many standalone tests into a single assay, including difficult-to-sequence genes, such as SMN1 and SMN2 for spinal muscular atrophy, GBA for Gaucher disease, CYP21A2 for 21-hydroxylase deficient congenital adrenal hyperplasia, and HBA1 and HBA2 for alpha thalassemia.

In June 2019, QIAGEN announced the launch of a novel Sample to Insight solution for translational and clinical research into genetic drivers of the most rare and inherited diseases. The novel QIAseq expanded carrier screening panel provides identification of targets, genes and other regions of interest accountable for more than 200 disease indications.

Surge in mergers and acquisitions to boost the market

In May 2018, Myriad Genetics had declared that it had acquired genetic screening firm Counsyl for $375 million in cash and common stock, the molecular diagnostics firm. The acquisition is a bid to boost its position in the women's health space. The acquisition will help Myriad, which is a leader in the hereditary cancer genetic screening market, to increase into carrier screening with Counsyl's Foresight test, which covers more than 175 clinically actionable conditions across ethnicities, and into the rapidly rising noninvasive prenatal screening market with Counsyl's Prelude test.

Key segments covered:

Segments

Sub-segments

  Type

  • Expanded Carrier Screening
  • Customized Panel Testing
  • Predesigned Panel Testing
  • Targeted Disease Carrier Screening

  Medical Condition

  • Pulmonary Conditions
  • Hematological Conditions
  • Neurological Conditions
  • Other Conditions

  Technology

  • DNA Sequencing
  • Polymerase Chain Reaction
  • Microarrays
  • Other Technologies  

  End User

  • Hospitals
  • Reference Laboratories
  • Other End Users


Key benefits of the report:

  • This study presents the analytical depiction of the global carrier screening industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global carrier screening market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global carrier screening market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global carrier screening market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the carrier screening market research report:

  • Which are the leading market players active in the carrier screening market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
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