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 Advisors’ research report “Global 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.
Key questions answered in the study: