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Press Release Description

Growing Awareness Among People is Proliferating the Growth of Global Genetic Counselling market

The Genetic Counselling market is growing at a robust rate on account of its increasing number of genetic counselors' workforce, significant rise in the demand for prenatal and preconception genetic support services along with growing awareness among people regarding genetic counselling. Besides this, burgeoning research carried out by physicians, snowballing prevalence of genetic diseases along with growing aging populace and surging advancement in genetic testing for cancer are the factors strongly contributing toward the growth of the market in the forecast period.

According to MarkNtel Advisorsresearch reportGlobal Genetic Counselling Market Analysis, 2021”, the Global Genetic Counselling market is anticipated to grow at a CAGR of around 11.5% during 2021-26. Based on Application, Pediatric Care acquired the significant market share in 2020. The demand for pediatric care is surging on account of significant rise in the number of down syndromes, congenital malformations among infants each year especially in emerging countries such as India, increasing burden of genetic disorders in newborn due to environmental pollution and hectic lifestyle.

“Global Genetic Counselling Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Genetic Counselling providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

North America Dominated the Market 

North America dominated the Genetic Counselling market in 2020 on account of significant rise in the number of genetic counselors. The US acquired the majority market share in North America segment. The growth is accredited to expansion of genetic counselling market due to decreasing cost of genetic testing, burgeoning funding to establish genetic counseling resource and surging cognizance among individual regarding the welfares of genetic testing. According to the U.S. Bureau of Labor Statistics forecasts, the genetic counselling job would by 29% through 2024.  Therefore, this is further expected to grow the demand for Genetic Counselling market in the region as stated in MarkNtel Advisors’ research report “Global Genetic Counselling Market Analysis, 2021”. 

According to MarkNtel Advisors’, the key players with a considerable market share in the Global Genetic Counselling market are Quest Diagnostics Incorporated, Laboratory Corporation of America, Genome Medical Inc., Invitae Corporation, GeneMatters, EasyDNA, AT-GC, Arup Laboratories, MyOncoPath, Biron Health Group, Metis Genetics, LLC, GeneScreen, LLC, GeneHealth UK, Veritas Genetics, Ancestry, Laboratory Corporation of America, InformedDNA, Color Genomics, GeneDX, GenPath Diagnostics etc.

 Market Segmentation:

  1. By Business Models (Core Genetic Counselling, Direct-to-Consumer Testing, Clinical Genetic Testing)
  2. By Approach (Integrated Genetic Counselling, Discretionary Genetic Counselling, Independent Genetic Counselling)
  3. By Application (Intent-to-Treat Patients, Proactive Risk Assessment, Pediatric Care, Prenatal and Preconception Care, Others)
  4. By Service Type (Risk Assessment, Pharmacogenomics, Other Genetic Counselling Services)
  5. By Target End-User (General Population, Patients)
  6. By Level of Service (Pre-counselling Support, Post counselling Support)
  7. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
  8. By Country (US, Canada, Mexico, Brazil, UK, Germany, France, Italy, Spain, Norway, The Netherlands, China, Japan, South Korea, India, Australia, New Zealand, UAE, Saudi Arabia, South Africa, Turkey),
  9. By Company (Quest Diagnostics Incorporated, Laboratory Corporation of America, Genome Medical Inc., Invitae Corporation, GeneMatters, EasyDNA, AT-GC, Arup Laboratories, MyOncoPath, Biron Health Group, Metis Genetics, LLC, GeneScreen, LLC, GeneHealth UK, Veritas Genetics, Ancestry, Laboratory Corporation of America, InformedDNA, Color Genomics, GeneDX , GenPath Diagnostics etc.)

Key questions answered in the study:

  1. What are the current and future trends of the Genetic Counselling industry?
  2. How the industry has been evolving in terms of end-user demand and application areas?
  3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
  4. What are the key growth drivers and challenges for the Genetic Counselling industry?
  5. What is the customer orientation, purchase behavior, and expectations from the Genetic Counselling firms across various regions?

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