Carrier Screening Market Size

Carrier Screening Market Analysis

The Carrier Screening Market size is estimated at USD 5.12 billion in 2024, and is expected to reach USD 8.07 billion by 2029, growing at a CAGR of 9.53% during the forecast period (2024-2029).

COVID-19 had a significant impact on the growth of the market. The global carrier screening market faced limitations in development due to the sudden imposition of the worldwide lockdowns, which reduced the patient influx to genetic counselors. According to the study published in Prenatal Diagnosis in July 2021, the COVID-19 pandemic influenced pregnant women's decisions about prenatal genetic testing. Patients' access to and use of prenatal genetic tests impacted the pandemic. However, genetic testing for COVID-19 diagnosis increased during the pandemic. However, the relaxation of the restrictions during the post-pandemic period contributed to the market's growth. For instance, a study published in the European Journal of Human Genetics in November 2022 indicated that between 2020 and 2022, willingness to take a genetic test climbed considerably. Thus the market studied is expected to grow over the forecast period.

The significant factors for the growth of the carrier screening market include the increasing emphasis on early disease detection and prevention and the rising application of screening tests in genetic disorders, which is expected to experience during the forecast period. For instance, the Centers for Disease Control and Prevention (CDC) data updated in May 2022 reported that sickle cell disease affects millions of people throughout the world and is particularly common among those ancestors who came from sub-Saharan Africa, Spanish-speaking regions, such as South America, the Caribbean, and Central America, as well as Saudi Arabia, India, and Mediterranean countries.

Additionally, the rising demand for personalized medicine and various activities taken by market players are expected to boost the market growth. For instance, in May 2021, AdventHealth expanded its genomics program with the launch of a data-driven precision medicine initiative that would structure and integrate longitudinal patient data with molecular testing data, creating a dataset and disease network models to help the health system better predict the development of diseases and responses to treatments. Moreover, increased product launches by the market players are expected to support the market expansion. For instance, in June 2021, Grail launched the Galleri blood test, a groundbreaking multi-cancer screening diagnostic. The test was meant to screen people who may already have an elevated risk for cancer, such as adults over the age of 50 years.

Thus, all the factors above, such as the rising prevalence of genetic diseases and the increasing adoption of precision medicine, are expected to boost the market over the forecast period. However, the social and ethical implications and the high costs and reimbursement issues of carrier testing are restraining the market's growth.