Genetic Counseling

Genetic Counseling Market Research Report: Forecast (2023-2028)

By Business Models (Core Genetic Counseling, Direct-to-Consumer Testing, Clinical Genetic Testing), By Approach (Integrated Genetic Counseling, Discretionary Genetic Counseling, Independent Genetic Co Read more

  • Healthcare
  • Jan 2023
  • 189
  • HC22053

Market Definition

Genetic Counseling is a communication process that enlightens & assists people in understanding the disease risks, mode of transmission, and natural history of a genetic disorder. Its sole purpose & approach is associated with informed consent for genetic tests, especially in situations like family planning and others like prenatal/preconception and pediatric risk care, alongside informing & addressing the modes of risk management services.

Market Insights

The Global Genetic Counseling Market is expected to grow at a CAGR of around 11.5% during the forecast period, i.e., 2023-28. Most of the market growth attributes to the rapidly growing cases of genetic disorders and cancers and the increasing awareness & acceptance of personalized medicine, the exponentially rising population with awareness of genetic conditions, and the ever-increasing number of genetic counselors.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 11.5%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Spain, The Netherlands, Norway, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, New Zealand, Others
South America: Brazil, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Turkey, Others
Key Companies Profiled Quest Diagnostics Incorporated, Laboratory Corporation of America, Genome Medical Inc., Invitae Corporation, GeneMatters, EasyDNA, AT-GC, Arup Laboratories, MyOncoPath, Geneanet, Biron Health Group, Metis Genetics, LLC, GeneScreen, LLC, GeneHealth UK, Veritas Genetics, Ancestry, Laboratory Corporation of America, InformedDNA, Color Genomics, GeneDX , GenPath Diagnostics etc.
Unit Denominations USD Million/Billion

 

Besides, new advancements in genetic testing techniques, like the development of next-generation sequencing & chromosomal microarray analysis, which transforms the determination of structural & numerical abnormalities in chromosomes, i.e., leading to the detection of various rare genomic & genetic disorders, are also stimulating the growth of the genetic Counseling market.

Moreover, substantial support from governments and the dramatically expanding healthcare sector are further creating remunerative opportunities for the leading market players like Genome Medical & MyOncoPath to widen their offerings in order to cater to the burgeoning requirements worldwide. Furthermore, the entry of new players with increased innovation about reducing cost & maximizing resource output also projects lucrative prospects for the genetic Counseling market through 2028.

Genetic Counseling Market Research Report: Forecast (2023-2028)

Recent Developments in the Global Genetic Counseling Market

  • In January 2022, 23andMe Holding Co. received FDA clearance for a genetic health risk report on a Hereditary Prostate Cancer (HOXB13-Related) marker, i.e., the company’s third cancer risk report clearance, following the FDA’s prior authorization for BRCA1/BRCA2 (Selected Variants) Genetic Health Risk report & its clearance for MUTYH-Associated Polyposis (MAP), a hereditary colorectal cancer syndrome. These three are the only DTC genetic health risk reports for inherited cancers that have been FDA authorized for use without a prescription.
  • In August 2021, Ancestry® announced entering into an agreement to acquire Geneanet, the free family tree platform of which and the engaged community with Ancestry’s global subscriber base & unparalleled historical records shall enable family history discoveries & connections for even more people worldwide.

Market Segmentation

Based on Business Models:

  • Core Genetic Counseling
  • Direct-to-Consumer (DTC) Testing
  • Clinical Genetic Testing

Of these three, the DTC (Direct-to-Customer) testing model holds a significant share of the Global Genetic Counseling Market. It owes to the growing consumer awareness of DTC

genetic tests, improving income levels in developing countries, the ever-increasing demand for personalized DTC genetic services globally, alongside the increasing number of companies providing DTC genetic tests that look at genetic variations in order to predict an individual's health, reveal information regarding common traits, & provide clues about the family tree.

Besides, active efforts of the leading market players toward developing reliable consumer-facing services that can ensure reliable & quick results from genetic testing are further fueling the demand for DTC testing models worldwide, which can be purchased either online or from shops. Individuals can get their genetic information through DTC genetic testing without going through a doctor or insurance company in the first place. Furthermore, the mounting demand for DTC genetic testing kits to detect coronavirus genome throughout the first half of 2020 also benefitted the expansion of the overall genetic counseling market.

Based on Application:

  • Intent-to-Treat Patients
  • Proactive Risk Assessment
  • Pediatric Care
  • Prenatal & Preconception Care
  • Others

Here, Prenatal and Preconception Care are anticipated to demonstrate the fastest market growth and a presence of lucrative opportunities for the players in the coming years. This growth attributes to the mounting demands for prenatal and newborn testing and screening tests, especially across regions like North America and Europe.

Since these prenatal tests are conducted during pregnancy to detect any birth defect in newborn babies, parents are becoming more conscious and opting for genetic counseling services and identify abnormalities or syndromes in babies. Hence, with the growing awareness about the availability of such services, the overall market is set to observe substantial growth in the coming years.

Regional Projection

Geographically, the Global Genetic Counseling Market expands across:

  • North America
  • South America
  • Asia-Pacific
  • Europe
  • Middle East & Africa

Of all countries globally, Asia-Pacific is anticipated to make prominent contribution to the overall expansion of the Genetic Counseling Market during 2023-28. This growth is driven by the swift development of the healthcare industry across different countries like India and China, which are experiencing significant investments in healthcare and infrastructure, generating opportunities for the players indulged in genetic counseling. Besides, greater government focus on bringing cost-effectiveness & scalability for the general public shall also cater to the market expansion in Asia-Pacific.

The ease and applicability of genetic testing methodologies, backed by the numerous research & development activities across different countries in the region are also positively influencing the market growth.  Especially across countries like China & India, having a large population base, the minimizing costs of genetic testing techniques, and a rise in awareness about genetic disorders are expected to further drive the market in the coming years.

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Frequently Asked Questions

A. The Genetic Counseling Market is projected to grow at a CAGR of around 11.5% during 2023-28.

A. The mounting cases of genetic disorders & cancers worldwide and the ever-increasing consumer awareness & acceptance of personalized medicine are the prime aspects projected to drive the Genetic Counseling Market during 2023-28.

A. Quest Diagnostics Incorporated, Laboratory Corporation of America, Genome Medical Inc., Invitae Corporation, GeneMatters, EasyDNA, AT-GC, Arup Laboratories, MyOncoPath, Geneanet, Biron Health Group, Metis Genetics, LLC, GeneScreen, LLC, GeneHealth UK, Veritas Genetics, Ancestry, Laboratory Corporation of America, InformedDNA, Color Genomics, GeneDX, and GenPath Diagnostics are the key companies participating in the Genetic Counseling Market.

A. Direct-to-Customer (DTC) testing model would continue providing profitable opportunities to the Genetic Counseling Market during 2023-28.

A. Globally, Asia-Pacific would create remunerative prospects for the Genetic Counseling Market during 2023-28.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Genetic Counseling Market
  5. Global Genetic Counseling Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Business Models
        1. Core Genetic Counseling
        2. Direct-to-Consumer Testing
        3. Clinical Genetic Testing
      2. By Approach
        1. Integrated Genetic Counseling
        2. Discretionary Genetic Counseling
        3. Independent Genetic Counseling
      3. By Application
        1. Intent-to-Treat Patients
        2. Proactive Risk Assessment
        3. Pediatric Care
        4. Prenatal and Preconception Care
        5. Others
      4. By Service Type
        1. Risk Assessment
        2. Pharmacogenomics
        3. Other Genetic Counseling Services
      5. By Target End Users
        1. General Population
        2. Patients
      6. By Level of Service
        1. Pre-counseling Support
        2. Post Counseling Support
      7. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      8. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  6. North America Genetic Counseling Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Service Type
      2. By Application
      3. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    4. Canada Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    5. Mexico Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
  7. South America Genetic Counseling Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Service Type
      2. By Application
      3. By Country
        1. Brazil
        2. Others
    3. Brazil Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
  8. Europe Genetic Counseling Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Service Type
      2. By Application
      3. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Norway
        7. The Netherlands
        8. Others
    3. Germany Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    4. The UK Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    5. France Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    6. Italy Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    7. Spain Genetic Counselling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    8. The Netherlands Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    9. Norway Genetic Counselling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
  9. Middle East & Africa Genetic Counseling Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Service Type
      2. By Application
      3. By Country
        1. UAE
        2. Saudi Arabia
        3. South Africa
        4. Turkey
        5. Others
    3. UAE Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    4. Saudi Arabia Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    5. South Africa Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    6. Turkey Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
  10. Asia-Pacific Genetic Counseling Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Service Type
      2. By Application
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. New Zealand
        7. Others
    3. China Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    4. India Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    5. Japan Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    6. South Korea Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Service Type
        2. By Application
    7. Australia Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Type
        2. By Application
    8. New Zealand Genetic Counseling Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Type
        2. By Application
  11. Global Genetic Counseling Market Government Regulations and Policies
  12. Global Genetic Counseling Market Trends & Insights
  13. Global Genetic Counseling Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  14. Global Genetic Counseling Market Hotspot & Opportunities
  15. Global Genetic Counseling Market Key Strategic Imperatives for Success & Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Quest Diagnostics Incorporated
      2. Laboratory Corporation of America
      3. Genome Medical Inc.
      4. Invitae Corporation
      5. GeneMatters
      6. EasyDNA
      7. AT-GC
      8. Arup Laboratories
      9. MyOncoPath
      10. Geneanet
      11. Biron Health Group
      12. Metis Genetics, LLC
      13. GeneScreen, LLC
      14. GeneHealth UK
      15. Veritas Genetics
      16. Ancestry
      17. Laboratory Corporation of America
      18. InformedDNA
      19. Color Genomics
      20. GeneDX 
      21. GenPath Diagnostics 
  17. Disclaimer
Genetic Counseling Market Segmentation