Market Overview: Genetic Counseling Market
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Genetic Counseling Market Insights 2023-28
The Genetic Counseling Market is estimated to grow at a CAGR of around 11.5% during the forecast period 2023-28.
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Driving Innovation: Exploring the Genetic Counseling Market and its Growth Opportunity
Global Genetic Counseling Market Driver – Rising Cases of Genetic Deformities in Pregnancies:
The increasing number of cases involving genetic deformities in pregnancies has positively impacted the Genetic Counseling Market. There are growing concerns among individuals over the health & well-being of their newborns, along with an increased incidence of mortality linked with genetic deformities in newborns. For instance:
According to the Centers for Disease Control and Prevention (CDC), the US experienced around a 3% mortality rate among patients suffering from genetic deformities in 2022.
These concerns lead parents to opt for improved prevention. Genetic counselors allow patients to identify hereditary or chromosomal deformities in fetuses, such as Down syndrome & Edward syndrome. Detecting these conditions enable clinicians to provide better treatment & care. Thus, as genetic mortality cases rise, the need for genetic counselors is likely to surge and spur growth in the Genetic Counseling Market in the coming years.
Top Players in the Genetic Counseling Market:
Invitae Corporation, Quest Diagnostics Incorporated, Arup Laboratories, Genome Medical, Laboratory Corporation of America, Easy DNA, Biron Health Group, GeneDx, BGI Group, Neuberg Center for Genomic Medicine (NCGM), Lilac Insights, Others
Recent Developments in the Global Luxury Car Market
- In 2023: Genome Medical and xCures have teamed up to provide patients with an elevated level of personalized care. In this collaboration, Genome Medical’s genetic counselors will access to xCures’ extensive care summaries, which are derived from electronic medical records spanning the entire healthcare system.
- In 2022, Genome Medical announced its collaboration with Pierian to enhance & optimize on-site genomics programs for healthcare organizations & provider groups. This would also integrate advanced clinical genomics technology, genetic services, and virtual genetic counseling to elevate the standard of care and improve patient outcomes.
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Segmentation Analysis of Genetic Counseling Market
Genetic Counseling Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023-28, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Type of Service
-Pre-Counseling Support
-Post-Counseling Support
- Pre-counseling support has been one of the most adopted services in the Global Genetic Counseling Market.
By Model
-Direct-to-Consumer
-Healthcare Providers
By Indications
-Cardiogenetics
-Hereditary Oncology
-Pediatric Neurology
-Pharmacogenomics
-Others (Preimplantation Genetic Diagnosis (PGD) Counseling, Carrier Testing, & Counseling, etc.)
By Application
-Genetic Counseling for Intent-to-Treat Patients (ITT)
-Prenatal and Preconception Care
-Reproductive Planning and Family Building
-Others (Indication Risk Assessment, Genetic Education & Advocacy, etc.)
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A Comprehensive Geographical Analysis:
By Region
-North America
-South America
-Europe
-Middle East & Africa
Asia-Pacific
- Of all regions globally, Asia-Pacific has been playing a significant role in the growth of the Global Genetic Counseling Market.
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
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