Prenatal And Newborn Genetic Testing Market Overview
- In 2023, Prenatal and Newborn Genetic Testing market was estimated to be worth USD 5.99 Billion.
- By 2034, the target market is expected to grow to USD 19.21 Billion.
- Target market is expanding at a CAGR of 11.7%
Market Overview:
The prenatal and neonatal genetic testing market is experiencing significant growth owing to advancements in technology, increasing awareness of genetic diseases and growth in demand for early diagnosis and its causes. Growing focus on the development of novel testing strategies assists in the market proliferation. These include chromosome microarray, polymer chain reaction, and next-generation sequencing that are used in the diagnosis of genetic disorders including but not limited to Down's syndrome, cystic fibrosis, and sickle-cell anemia, among others. The increasing cost of healthcare as well as growing research activities in the region and across the world is aiding the growth of the market.
Key Takeaways:
- North America held the largest share of the market in 2024.
- Asia Pacific is projected to be the fastest-growing market in the coming years.
- By type, the Down's syndrome is expected to account for the largest share of the Prenatal and Newborn Genetic Testing Market in upcoming years.
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Prenatal And Newborn Genetic Testing Market Drivers & Restraints
Key Drivers of Target Market:
Rising Healthcare Expenditure:
The rising healthcare expenditure of developed and emerging economies means that better diagnostic equipment is becoming more accessible. This increase in expenditure fasters the growth of the prenatal and newborn genetic testing market. Nowadays, many new parents are able to appreciate the advantages which genetic testing can offer. Always better, more education and information leads people to seek out these tests which, in turn, is good for the market.
- For Instance, In August 2024, several European and Asian countries announced expansions in newborn screening programs to include an expanded range of genetic disorders. These expansions will allow for earlier diagnosis and treatment for previously not routinely screened conditions.
Technological Advancements:
Genetic testing technologies, including NGS, CMA, and PCR for different diseases, have emerged relatively innovative and have constantly been upgraded. Therefore, allowed a gradual availability of genetic testing and resolution to findings emerging. Healthcare constraints such as the establishment of more dedicated diagnostic facilities and also maternity centers will enhance the availability and access to genetic services and testing.
- For Instance, FDA Clears New Genetic Testing Device, The U.S. FDA approved a new genetic testing device in July 2024, which is projected to make prenatal genetic screening less cumbersome. The device integrates advanced AI algorithms that increase the accuracy of the test results and shorten the time needed for analysis.
Restrains:
Insufficient Counseling and Support Services
The decision process in genetic testing would surely be different if counseling facilities were available. Otherwise, it would have been very difficult to understand the results of the tests and their impact on decision-making. As such, as adoption will rise, genetic testing services might still represent limited adoption areas, especially in the developing regions with underdeveloped healthcare structures.
- Counterbalance Statements: telemedicine and digital platforms are improving access to genetic counseling, enabling more informed decision-making and expanding adoption, even in areas with limited healthcare infrastructure.
Opportunities:
Personalized Medicine
The growing application of personalized medicine will directly result in increased demand for genetic testing, which can provide insight on health risks or optimal treatment choices. This further recommends the road toward more developments in the market. A more widespread genetic counseling service will guide people in counseling and guidance, thus enhancing their experience and giving forth fruitful results. Indeed, this service would be in great demand.
- For Instance, in June 2024, the FDA approved a new genetic testing device to help make prenatal genetic screening less cumbersome. Advanced AI algorithms are integrated into the device to increase test result accuracy while decreasing the time used for analysis.
Prenatal And Newborn Genetic Testing Market Segmentations & Regional Insights
The market is segmented based on Product, Disease, Technology, End-User and Others
By Product |
By Disease |
By Technology |
By End-User |
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Product Insights:
The Prenatal and Newborn Genetic Testing Market by Product is segmented into Diagnostic Testing, Screening Testing
Disease Insights:
On the basis of Disease market is segmented into Down Syndrome, Phenylketonuria, Cystic Fibrosis, Sickle Cell Anemia, Other Diseases. Down syndrome segment is expected to account largest revenue share in the forecast period.
- For Instance, in September 2024, People with Down syndrome face a higher risk of developing Leukemia. Now researchers from the University of Copenhagen and Stanford University explain why, by identifying specific changes in blood cells of people with Down syndrome.
Technology Insights:
The Prenatal and Newborn Genetic Testing Market by Technology is segmented into Chromosomal Microarray, Polymerase Chain Reaction, Next-Generation Sequencing and Others.
End-User Insights:
The Prenatal and Newborn Genetic Testing Market by end-user is segmented into Hospitals, Maternity and Specialty Clinics, and Diagnostic Centers. Hospitals accounted for the major share in the Prenatal and Newborn Genetic Testing Market due to huge infrastructures, vast health care services, and enormous patient base in hospitals allow them to cope with more numbers of genetic tests.
Regional Insights
North America: The share can be considered high because there is high adoption of advanced genetic testing technologies, quite supportive reimbursement policies, and well-established healthcare infrastructure in this region. Countries like the U.S. and Canada have taken up the mantle of leading in implementing newborn screening programs and prenatal testing protocols.
Asia Pacific: The market for genetic testing in this region is projected to progress very rapidly due to ever-growing healthcare expenditures, betterment and improvement in its healthcare infrastructure, and rising awareness of the benefits of early diagnosis. Major countries like China, India, and Japan will probably drive considerable adoption of genetic testing technologies.
Prenatal and Newborn Genetic Testing Market Report Scope:
Attribute |
Details |
Market Size 2024 |
USD 7.01 Billion |
Projected Market Size 2034 |
USD 19.21 Billion |
CAGR Growth Rate |
11.7% (2024-2034) |
Base year for estimation |
2023 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels, analyzing industry trends and opportunities across sub-segments from 2024 to 2034. It segments the market by Disease, Product, Technology, End-User, and Region.
Segmentation:
By Product:
- Diagnostic Testing
- Screening Testing
By Disease:
- Down’s Syndrome
- Phenylketonuria
- Cystic Fibrosis
- Sickle Cell Anemia
- Other Diseases
By Technology:
- Chromosomal Microarray
- Polymerase Chain Reaction
- Next-Generation Sequencing
- Others
By End-User:
- Hospitals
- Maternity And Specialty Clinics
- Diagnostic Centers
By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Prenatal And Newborn Genetic Testing Market Competitive Landscape & Key Players
The key players operating in the Prenatal and Newborn Genetic Testing Market include Natera, Inc., Illumina, Inc., Roche Holdings AG, Qiagen N.V., LabCorp, Genomics plc, Myriad Genetics, Inc., PerkinElmer, Inc., Invitae Corporation, ArcherDX, Inc., Fulgent Genetics, Inc., Sema4, BGI Group, Counsyl, Genetic Technologies Limited.
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Prenatal And Newborn Genetic Testing Market Recent News
- In August 2024, Expanded Newborn Screening Programs, Countries such as Europe and Asia announced expansions of their newborn screening programs to cover a broader range of genetic disorders. This expansion will help in the early diagnosis and treatment of conditions not previously routinely screened for.
Analyst View:
The Prenatal and Newborn Genetic Testing Market is witnessing another growth phase amazing on the back of increased demand for early diagnosis, heightened awareness of genetic disorders, technology advancements, and more uptake of non-invasive testing.
More Related Reports
Molecular Diagnostics Market
Genomics Market
Newborn Screening Market
Gene Therapy Market
Next-generation sequencing informatics Market
Prenatal And Newborn Genetic Testing Market Company Profile
- Natera, Inc.
- Illumina, Inc.
- Roche Holdings AG
- Qiagen N.V.
- LabCorp
- Genomics plc
- Myriad Genetics, Inc.
- PerkinElmer, Inc.
- Invitae Corporation
- ArcherDX, Inc.
- Fulgent Genetics, Inc.
- Sema4
- BGI Group
- Counsyl
- Genetic Technologies Limited
Prenatal And Newborn Genetic Testing Market Highlights
FAQs
Prenatal and Newborn Genetic Testing Market Size was valued at USD 7.01 Billion in 2024 and is expected to reach USD 19.21 Billion by 2034, growing at a CAGR of 11.7%
The Market is segmented into Product, Disease, Technology, End-User, and Region.
The Market is segmented by region North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. North America is expected to dominate the Market.
The key players operating the Prenatal and Newborn Genetic Testing Market include Natera, Inc., Illumina, Inc., Roche Holdings AG, Qiagen N.V., LabCorp, Genomics plc, Myriad Genetics, Inc., PerkinElmer, Inc., Invitae Corporation, ArcherDX, Inc., Fulgent Genetics, Inc., Sema4, BGI Group, Counsyl, Genetic Technologies Limited.