Global Preimplantation Genetic Testing Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
The advanced procedure of Preimplantation Genetic Testing (PGT) helps doctors detect genetic defects in IVF embryos before pregnancy. The procedure helps identify genetic disorders to prevent their transmission which results in better pregnancy success rates. PGT serves three main purposes which include aneuploidy screening and single gene disorder screening and chromosomal structural rearrangement screening. The growing number of delayed pregnancies has increased PGT demand because delayed pregnancies tend to produce genetic abnormalities.
Market Key Insights
- The Preimplantation Genetic Testing market is projected to grow from $951.6 million in 2024 to $4.06 billion in 2034. This represents a CAGR of 15.6%, reflecting rising demand across Fertility Clinics, Hospitals and Research Institutions.
- Illumina Inc., Thermo Fisher Scientific Inc., Agilent Technologies Inc. are among the leading players in this market, shaping its competitive landscape.
- U.S. and UK are the top markets within the Preimplantation Genetic Testing market and are expected to observe the growth CAGR of 14.0% to 18.7% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 10.9% to 16.4%.
- Transition like Advancements in Genomic Technologies is expected to add $446.6 million to the Preimplantation Genetic Testing market growth by 2030
- The Preimplantation Genetic Testing market is set to add $3.1 billion between 2024 and 2034, with manufacturer targeting Chromosomal Abnormalities & Late-Onset Disorders Clinical Applications projected to gain a larger market share.
- With Rising incidence of genetic disorders, and Advances in genetic testing technologies, Preimplantation Genetic Testing market to expand 326% between 2024 and 2034.
Opportunities in the Preimplantation Genetic Testing
Genetic testing technologies continue to evolve which creates promising opportunities for the Preimplantation Genetic Testing market. The development of Next-Generation Sequencing and Comparative Genomic Hybridization technologies has enhanced Preimplantation Genetic Testing precision and speed thus increasing its market adoption.
Growth Opportunities in North America and Asia Pacific
North America Outlook
Asia Pacific Outlook
Market Dynamics and Supply Chain
Driver: Rising Incidence of Genetic Disorders, and Increasing Demand for In Vitro Fertilization
The field of genetic testing also experiences rapid technological progress which stands as a major. The development of next-generation sequencing and other high-tech methodologies has also enhanced the accuracy and efficiency of Preimplantation Genetic Testing. The market expansion will also be driven by these technological advancements because they provide better testing accessibility and reliability.
Restraint: High Cost of Preimplantation Genetic Testing
Opportunity: Expansion into Emerging Markets and Strategic Collaborations and Partnerships
The Preimplantation Genetic Testing market can benefit from strategic collaborations and partnerships. Companies can collaborate with research institutions and healthcare facilities to develop more advanced and efficient Preimplantation Genetic Testing methods, thus expanding their market presence and enhancing their product portfolio.
Challenge: Ethical and Regulatory Challenges
Supply Chain Landscape
Illumina
Thermo Fisher Scientific
Agilent Technologies
PerkinElmer
CooperSurgical
Natera
Fertility Clinics
Hospitals
Illumina
Thermo Fisher Scientific
Agilent Technologies
PerkinElmer
CooperSurgical
Natera
Fertility Clinics
Hospitals
Applications of Preimplantation Genetic Testing in Fertility Clinics, Hospitals & Research Institutions
Preimplantation Genetic Testing is widely used in fertility clinics to screen embryos for genetic disorders before implantation. This application primarily utilizes Preimplantation Genetic Diagnosis and Preimplantation Genetic Screening.PGD is used to detect specific genetic conditions, while PGS is used for identifying chromosomal abnormalities. These techniques significantly increase the chances of a successful pregnancy and healthy baby. Top players in this application include Invitae Corporation and Natera, known for their comprehensive PGT services and strong market position.
Research institutions use Preimplantation Genetic Testing for studying genetic disorders and developing new treatments. Here, the focus is on Preimplantation Genetic Haplotyping , a technique that provides a comprehensive analysis of an embryos genetic profile. This allows researchers to understand the genetic basis of diseases better and develop targeted therapies. Leading players in this application include Illumina and Thermo Fisher Scientific, recognized for their advanced genetic testing solutions and robust R&D capabilities.
Hospitals use Preimplantation Genetic Testing to assist couples with a history of genetic disorders in conceiving a healthy child. The testing primarily involves PGD and PGS, helping to identify embryos free of genetic conditions and chromosomal abnormalities. This application is crucial in preventing the transmission of genetic disorders from parents to offspring.
Recent Developments
Leading healthcare provider, MedTech Solutions, announced the launch of their advanced Preimplantation Genetic Testing service, aiming to increase the accuracy and efficiency of genetic screening in IVF procedures.
GenoCare, a prominent name in genetic testing, unveiled a breakthrough in Preimplantation Genetic Testing technology, enhancing the detection rate of genetic abnormalities.
BioGen Labs, a renowned manufacturer in the medical technology industry, introduced a novel Preimplantation Genetic Testing kit, designed to streamline the testing process and improve patient outcomes.