In Terms of Value Pre-Implantation Genetic Testing Market is Projected to Reach USD 709.49 Million at a CAGR Value of 9.65% During Forecast Period 2017-2025
Pre-implantation genetic diagnosis refers to the genetic profiling of embryos prior to implantation, and sometimes even of oocytes prior to fertilization. PGD is considered a necessary procedure because of rising cases of genetically imbalanced make up found in children and new born. The Government has stringent rules which affect the market significantly.
The global Preimplantation Genetic Testing Market was valued at USD 306.16 million in 2016 and is projected to reach USD 701.49 million by 2025, growing at a CAGR of 9.65% from 2017 to 2025.
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The major players in the market are as follows:
- Illumina, Inc.
- Thermo Fisher Scientific Inc.
- Agilent Technologies, Inc.
- Perkinelmer, Inc.
- Coopersurgical, Inc. (A Subsidiary of the Cooper Companies, Inc.)
- ABBott Laboratories
- Natera, Inc.
- Rubicon Genomics (A Subsidiary of Takara Bio USA Holdings, Inc)
- Oxford Gene Technology
- Yikon Genomics
- Beijing Genomics Institute
- Good Start Genetics, Inc.
- Invicta Genetics
- Combimatrix Corporation
- Genea Limited
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
1. Market Drivers
1.1 Increasing infertility issues
1.2 Increased fund in preimplantation consultation and testing
1.3 Growing demand of fertility clinics
1.4 Technological advancements in the preimplantation testing techniques
1.5 High chances of chromosomal abnormalities and awareness regarding the prevalence of genetic disorders
2. Market Restraints
2.1 Governmental regulations
2.2 High cost of testing
1. Global Preimplantation Genetic Testing Market, by Technology:
1.1 Next-Generation Sequencing
1.2 Polymerase Chain Reaction
1.3 Fluorescence in Situ Hybridization
1.4 Comparative Genomic Hybridization
1.5 Single-Nucleotide Polymorphism
2. Global Preimplantation Genetic Testing Market, by Procedure Type:
2.1 Preimplantation Genetic Screening
2.2 Preimplantation Genetic Diagnosis
3. Global Preimplantation Genetic Testing Market, by Application:
3.2 Structural Chromosomal Abnormalities
3.3 Single Gene Disorders
3.4 X-Linked Disorders
3.5 HLA Typing
3.6 Gender Identification
4. Global Preimplantation Genetic Testing Market, by Products and Services:
4.1 Reagents and Consumables
4.3 Software and Services
5. Global Preimplantation Genetic Testing Market, by End User:
5.1 Maternity Centers & Fertility Clinics
5.2 Hospitals, Diagnostic Labs, and Service Providers
5.3 Research Laboratories & Academic Institutes
6. Global Preimplantation Genetic Testing Market, by Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
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Research Methodology Of Verified Market Research:
Research study on the Preimplantation Genetic Testing Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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