Preimplantation Genetic Testing Market By Procedure, By Product, By Technology, By Application, By End-Use - Growth, Share, Opportunities & Competitive Analysis, 2024 - 2032

30 Nov 2023 Format PDF icon PPT icon XLS icon Request Sample

The preimplantation genetic testing (PGT) market has emerged as a critical player in the realm of reproductive health and assisted reproduction technologies. The PGT market is expected to grow at a CAGR of 7.5% during the forecast period of 2024 to 2032.  The PGT market is propelled by technological advancements in genetic testing, increasing maternal age, and growing awareness. However, ethical and regulatory challenges serve as significant restraints. As the industry continues to navigate these challenges and seize opportunities, it is poised for substantial growth in the coming years.

Preimplantation Genetic Testing Market

Advancements in Genetic Testing

The PGT market thrives on technological progress, with 2023 witnessing significant advancements in genetic testing techniques. Innovations in Next-Generation Sequencing (NGS) and Single-Nucleotide Polymorphism (SNP) array technologies have enhanced the accuracy and precision of genetic testing. Such developments have led to increased adoption of PGT, offering couples a comprehensive understanding of their embryos' genetic health. This driver is substantiated by studies, research articles, and technological reports.

Rising Maternal Age and Infertility Rates

Demographic shifts, with more women opting to start families later in life, have contributed to increased infertility rates. The advanced maternal age has been correlated with a higher risk of chromosomal abnormalities in embryos. Consequently, couples and individuals are turning to PGT to improve the success rates of in vitro fertilization (IVF). Official healthcare statistics and research studies underline this driver.

Growing Acceptance and Awareness

Over the past few years, there has been an increase in public awareness and acceptance of PGT as a viable option for family planning. An increasing number of fertility clinics and healthcare providers are offering PGT services. In 2023, the influence of various awareness campaigns and education initiatives was evident, positively impacting the market. Evidence to support this driver includes patient testimonials, media coverage, and data on the proliferation of PGT clinics.

Ethical and Regulatory Challenges

The PGT market faces significant restraints due to ethical and regulatory challenges. While technological advancements are expanding the possibilities, the moral and ethical dilemmas surrounding PGT, such as embryo selection based on non-medical traits, persist. In addition, the industry is grappling with varying regulatory frameworks across different countries, which can hinder the market's growth. Reports on ethical debates and regulatory hurdles provide evidence of this restraint.

Procedure: PGS Dominates the Market

The PGT market is segmented based on the type of procedure involved, primarily Preimplantation Genetic Diagnosis (PGD) and Preimplantation Genetic Screening (PGS). In 2023, PGS dominated the market due to its broader applications in identifying chromosomal abnormalities, thus enhancing IVF success rates. However, PGD is expected to experience the highest CAGR from 2024 to 2032, driven by the increasing demand for identifying single-gene disorders.

Product: Reagents and Consumables Dominate the Market

The market is further segmented based on product offerings, including Reagents and Consumables, Instruments, and Software. In 2023, Reagents and Consumables represented the largest revenue segment, crucial for genetic testing procedures. However, Software is projected to exhibit the highest CAGR during the forecast period of 2024 to 2032 due to its pivotal role in data analysis and interpretation.

North America Remains the Global Leader

In 2023, North America held the largest share in the PGT market, primarily due to its advanced healthcare infrastructure and high adoption of assisted reproductive technologies. However, Asia-Pacific is expected to witness the highest CAGR from 2024 to 2032, driven by growing infertility rates and increased awareness about PGT services in countries like China and India.

Market Competition to Intensify during the Forecast Period

Key players in the PGT market include Illumina, Thermo Fisher Scientific, Agilent Technologies, CooperSurgical, Natera, Quest Diagnostics Incorporated, Genea Pty Limited., Invitae Corporation, Laboratory Corporation of America Holdings, Bioarray S.L., Igenomix, RGI and F. Hoffmann-La Roche Ltd, among others. These industry leaders are focused on expanding their product portfolios, improving the accuracy of genetic testing, and seeking regulatory approvals for their products. News about product launches, partnerships, and mergers among these companies typify the competitive trends.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Preimplantation Genetic Testing market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Preimplantation Genetic Testing market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
  • PGD
  • PGS

  • Reagents and Consumables
  • Instruments
  • Software

  • Next Generation Sequencing (NGS)
  • Polymerase Chain Reaction (PCR)
  • Fluorescent In-Situ Hybridization (FISH)
  • Others

  • Chromosomal Abnormalities
  • X-linked Diseases
  • Embryo Testing
  • Aneuploidy Screening
  • HLA Typing
  • Other Applications

  • Fertility Centers
  • Hospitals
  • Diagnostic Centers
  • Research Centers and Academic Labs

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Preimplantation Genetic Testing market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Preimplantation Genetic Testing market?
  • Which is the largest regional market for Preimplantation Genetic Testing market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Preimplantation Genetic Testing market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Preimplantation Genetic Testing market worldwide?
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