Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.30 Billion | USD 7.46 Billion | 13.98% | 2023 |
Prenatal DNA Sequencing Industry Prospective:
The global prenatal DNA sequencing market size was worth around USD 2.30 Billion in 2023 and is predicted to grow to around USD 7.46 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 13.98% between 2024 and 2032.
The report analyzes the global prenatal DNA sequencing market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the prenatal DNA sequencing industry.
The report covers a forecast and an analysis of the prenatal DNA sequencing market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The study includes drivers and restraints of the prenatal DNA sequencing market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the prenatal DNA sequencing market on a global and regional level.
In order to give the users of this report a comprehensive view of the prenatal DNA sequencing market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the prenatal DNA sequencing market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The technique of studying the genetic material (DNA) of a fetus while it is still in the reproductive stage is referred to as prenatal DNA sequencing. The non-invasive prenatal testing (NIPT) method is commonly utilized to accomplish this goal. This method involves the collection of a sample of maternal blood that contains fetal DNA. An analysis of the DNA is performed using cutting-edge sequencing technologies, such as next-generation sequencing (NGS), in order to uncover genetic variations, chromosomal abnormalities, and other genetic markers that are related with hereditary diseases or ailments. The sequencing of prenatal DNA offers expectant parents and healthcare practitioners with significant information about the genetic health of the fetus. This information enables early detection and diagnosis of genetic abnormalities, as well as informed decision-making regarding the management of pregnancy and prospective interventions.
There are a number of important variables that are driving the considerable rise that the prenatal DNA sequencing industry is seeing. The first reason is that developments in sequencing technologies have made it easier to get and more affordable, which has made it possible to do complete analysis of fetal DNA using samples taken from the mother's blood. Non-invasive prenatal testing (NIPT), which provides early diagnosis of genetic illnesses and chromosomal abnormalities in the fetus, has seen a surge in its acceptance by healthcare professionals as a result of this. An additional factor that contributes to the rise of the market is the increased awareness among expectant parents regarding the advantages of prenatal genetic screening for the purpose of making informed decisions regarding the management of pregnancy. Furthermore, the increasing frequency of genetic illnesses and disorders, in conjunction with the growing tendency toward delaying childbearing, highlights the significance of prenatal DNA sequencing in terms of supporting customized medical methods and improving the outcomes of pregnancies. These many drivers, when taken together, are responsible for the high growth trajectory that the prenatal DNA sequencing market is seeing.
The study provides a decisive view of the prenatal DNA sequencing market by segmenting it based on application and region. There are two primary categories that are used to divide the market for prenatal DNA sequencing: application and geography. The application section is broken up into the following categories: Down syndrome, hemophilia, cystic fibrosis, AIDS, DiGeorge syndrome, autism, cancer, and numerous more conditions. Genetic diseases, which include AIDS, hemophilia, and down syndrome, hold the greatest market share and are anticipated to dominate the prenatal DNA sequencing market in terms of revenue in the years to come. This is due to the fact that the number of instances of AIDS, cancer, and other chronic diseases is predicted to continue to rise. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Prenatal DNA Sequencing Market Research Report |
Market Size in 2023 | USD 2.30 Billion |
Market Forecast in 2032 | USD 7.46 Billion |
Growth Rate | CAGR of 13.98% |
Number of Pages | 255 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Agilent Technologies, F. Hoffmann-La Roche, Laboratory Corporation of America, Natera, Genomic Health, Myriad Genetics, Invitae, BGI, Illumina, And Others |
Segments Covered | By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Some major players in the prenatal DNA sequencing market are
This report segments the global prenatal DNA sequencing market into:
FrequentlyAsked Questions
DNA sequencing of a fetus during pregnancy is called prenatal DNA sequencing. A sample of maternal blood with fetal DNA is taken for non-invasive prenatal testing (NIPT). Advanced sequencing methods like next-generation sequencing (NGS) scan DNA to find genetic variants, chromosomal abnormalities, and other genetic markers linked to inherited disorders. Prenatal DNA sequencing helps pregnant parents and healthcare providers detect and diagnose genetic diseases early and make informed pregnancy management and intervention decisions.
There are various factors driving the prenatal DNA sequencing market globally. The demand for prenatal DNA sequencing technology is increasing rapidly in the global market, due to the introduction of new technologies of DNA sequencing process and increasing incidences of chronic diseases like cancer and AIDS, among others.
According to the report, the global Prenatal DNA Sequencing market size was worth around USD 2.30 billion in 2023 and is predicted to grow to around USD 7.46 billion by 2032.
The global Prenatal DNA Sequencing market is expected to grow at a CAGR of 13.98% during the forecast period.
North America dominates the market due to the rising number of genetic diseases that require an increased number of hospitals for treatment.
Some major players in the prenatal DNA sequencing market are Agilent Technologies, F. Hoffmann-La Roche, Laboratory Corporation of America, Natera, Genomic Health, Myriad Genetics, Invitae, BGI, and Illumina.
The global Prenatal DNA Sequencing market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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