MarkNtel Advisors recently published a detailed industry analysis of the Global Genetic Counseling Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Genetic Counseling, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Genetic Counseling Market is estimated to grow at a CAGR of around 11.5% during the forecast period, i.e., 2023-28.
Key Findings in Global Genetic Counseling Market:
- Historical Analysis: 2018 –2021
- Base Year: 2022
- Forecast Period: 2023-2028
Leading Market Players- Invitae Corporation, Quest Diagnostics Incorporated, Arup Laboratories, Genome Medical, Laboratory Corporation of America, Easy DNA, Biron Health Group, GeneDx, BGI Group, Neuberg Center for Genomic Medicine (NCGM), Lilac Insights, Metis Genetics, Veritas Intercontinental, Grey Genetics, LLC, My Gene Counsel and others
Key Highlights of the Report
- Market Dimensions And Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Genetic Counseling industry?
Rising Cases of Genetic Deformities in Pregnancies- The increasing number of cases involving genetic deformities in pregnancies has positively impacted the Genetic Counseling Market. There are growing concerns among individuals over the health & well-being of their newborns, along with an increased incidence of mortality linked with genetic deformities in newborns. For instance:
- According to the Centers for Disease Control and Prevention (CDC), the US experienced around a 3% mortality rate among patients suffering from genetic deformities in 2022.
These concerns lead parents to opt for improved prevention. Genetic counselors allow patients to identify hereditary or chromosomal deformities in fetuses, such as Down syndrome & Edward syndrome. Detecting these conditions enable clinicians to provide better treatment & care. Thus, as genetic mortality cases rise, the need for genetic counselors is likely to surge and spur growth in the Genetic Counseling Market in the coming years.
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What segments define the Global Genetic Counseling Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Type of Service
- Pre-Counseling Support- Market Size & Forecast 2018-2028, USD Million
- Post-Counseling Support- Market Size & Forecast 2018-2028, USD Million
According to report, Pre-counseling support has been one of the most adopted services in the Global Genetic Counseling Market.
By Model
- Direct-to-Consumer- Market Size & Forecast 2018-2028, USD Million
- Healthcare Providers- Market Size & Forecast 2018-2028, USD Million
By Indications
- Cardiogenetics- Market Size & Forecast 2018-2028, USD Million
- Hereditary Oncology- Market Size & Forecast 2018-2028, USD Million
- Pediatric Neurology- Market Size & Forecast 2018-2028, USD Million
- Pharmacogenomics- Market Size & Forecast 2018-2028, USD Million
- Others (Preimplantation Genetic Diagnosis (PGD) Counseling, Carrier Testing, & Counseling, etc.) – Market Size & Forecast 2018-2028, USD Million
By Application
- Genetic Counseling for Intent-to-Treat Patients (ITT) – Market Size & Forecast 2018-2028, USD Million
- Prenatal and Preconception Care- Market Size & Forecast 2018-2028, USD Million
- Reproductive Planning and Family Building- Market Size & Forecast 2018-2028, USD Million
- Others (Indication Risk Assessment, Genetic Education & Advocacy, etc.) – Market Size & Forecast 2018-2028, USD Million
According to report, Here, the demand for Genetic Counseling for Intent-to-Treat (ITT) patients has been upscaling over the past few years, mainly due to the rising instances of genetic diseases like muscular dystrophy, hereditary breast & ovarian cancer syndrome (BRCA mutations), Lynch syndrome, etc.
Explore the Complete Global Genetic Counseling Market Analysis Report – https://www.marknteladvisors.com/research-library/global-genetic-counseling-market.html
Geographical Analysis: Global Genetic Counseling Market
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
The Global Genetic Counseling Industry Recent Development:
- In 2023: Genome Medical and xCures have teamed up to provide patients with an elevated level of personalized care. In this collaboration, Genome Medical’s genetic counselors will access to xCures’ extensive care summaries, which are derived from electronic medical records spanning the entire healthcare system.
- In 2022, Genome Medical announced its collaboration withPierianto enhance & optimize on-site genomics programs for healthcare organizations & provider groups. This would also integrate advanced clinical genomics technology, genetic services, and virtual genetic counseling to elevate the standard of care and improve patient outcomes.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Genetic Counseling?
- How is the Global Genetic Counseling expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, And data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial And varied client base, including multinational corporations, financial institutions, governments, And individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing And forecasting, And trend analysis, among others, for 15 diverse industrial verticals.
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