Preimplantation Genetic Testing Demand to Grow by 9% CAGR Annually, through 2031 – BioSpace

Preimplantation Genetic Testing Application in Embryo HLA Typing for Stem Cell Therapy will Increase, Surpassing US$ 70 Mn by 2031

The study of the preimplantation genetic testing market offers compelling insights into key factors affecting market growth trajectory. The survey report discloses insights into preimplantation genetic testing demand outlook in terms of test type, end user, application, and technology. The report also highlights the scope of preimplantation genetic testing over the forecast period

Fact.MR A Market Research and Competitive Intelligence Provider: As per a survey conducted by Fact.MR, the global preimplantation genetic testing market reached a valuation of US$ 550 million in 2020, expanding at a CAGR of 8% between 2016 and 2020.

Owing to the increase in incidence of chronic diseases and disabilities across the globe, the market for preimplantation genetic testing is estimated to surge at a robust CAGR of 9% over the forecast period 2021 to 2031.

Preimplantation genetic testing is gaining traction on the back of rising prevalence of genetic disorders among children and disabilities among the aged population. According to a study by Genetic Alliance, in the U.K., out of every 25 children, 1 child is affected by a genetic disorder and nearly 30,000 babies are diagnosed with the disease every year. Besides this, over 500 million adults and children are living with a genetic disorder in the country.

As preimplantation genetic testing is proven as an effective solution for diagnostics of genetic disorders, it is increasingly being used by healthcare providers and institutions for identifying defects present in embryos before implantation.

Thus, the need for effective diagnostic solutions to curb the rising prevalence of genetic disorders in newborns will spur the demand for preimplantation genetic testing over the coming years.

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Embryo Human leukocyte antigen (HLA) typing for stem cell therapy is anticipated to dominate the market, accounting for over 40% of the revenue share. In response to the increasing application of preimplantation genetic testing in the procedure, the segment is projected to surpass a valuation of US$ 70 million by the end of 2031.

Several healthcare institutes and research centers are increasingly investing in research & development (R&D) to find novel techniques to minimize the risks associated with the preimplantation genetic testing. Their efforts are expected to bode well for the market, creating opportunities for growth, says the Fact.MR analyst.

Key Takeaways from Preimplantation Genetic Testing Market Survey

Key Drivers

Key Restraints

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Competitive Landscape

The global market for preimplantation genetic testing is highly consolidated, where a small group of leading players are accounting for nearly half of the global sales. Key player in the landscape are focusing on engaging into strategic collaboration with other players to strengthen their market footprint. For instance,

Some of the prominent preimplantation genetic testing providers profiled by Fact.MR are:

More Valuable Insights on Preimplantation Genetic Testing Market

Fact.MR, in its new report, offers an unbiased analysis of the global preimplantation genetic testing market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in the preimplantation genetic testing market with detailed segmentation:

Key Questions Covered in the Preimplantation Genetic Testing Market Report

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Preimplantation Genetic Testing Demand to Grow by 9% CAGR Annually, through 2031 - BioSpace