Reproductive Genetics Market Size Worth USD 11.23 Billion in 2028 | Emergen Research
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Reproductive Genetics Market Trends – Increasing demand for In vitro fertilization procedures
VANCOUVER, BRITISH COLUMBIA, CANADA, May 9, 2023 /EINPresswire.com/ -- The Latest research study released by Emergen Research on "Reproductive Genetics Market" with 150+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that leads the market growth.
The global reproductive genetics market size is expected to reach USD 11.23 Billion at a steady CAGR of 12.3% in 2028, according to latest analysis by Emergen Research. Rise in adoption of genetic tests and advancements in molecular diagnostics is driving global reproductive genetics market revenue growth.
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Reproductive Genetics Market Size, Share, Trends, By Product Type (Laboratory Developed Tests (LDT), Kits, Reagents and Consumables), By Procedure Type (Pre-Natal Screening, Pre-Implantation Genetic Testing), By Technology, By Application, and By Region Forecast to 2028. Reproductive genetics focus on fertility and reproduction that affect some families in the form of chromosomal and genetic abnormalities that increase risk to biological children, reproductive loss, multiple miscarriages, and family history of genetic abnormalities. Genetic testing for embryos created through IVF is also increasing, and development in genetic testing is making it possible to test for genetic disorders in artificial reproduction, which is driving growth of the market to a significant extent.
Key Players Included in this report are:
Illumina, Inc., Agilent Technologies, Inc., PerkinElmer, Inc., Quest Diagnostics, Thermo Fisher Scientific Inc., Fulgent Genetics, Inc., Centogene AG, Myriad Genetics, Inc., Qiagen N.V., and OPKO Health, Inc
What can be explored with the Reproductive Genetics Market Study?
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Reproductive Genetics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Reproductive Genetics Market
Understand the Competitive Scenarios
Track Right Markets
Identify the Right Verticals
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Market Segmentation Analysis
Players can concentrate on high-growth regions and, if necessary, modify their business plan according to the research report. The Reproductive Genetics Market is divided into a variety of categories, uses, and geographical areas. Players gain from the report's regional segmentation research since it offers pertinent data and insights into important geographic marketplaces.
Product Type Outlook (Revenue, USD Billion; 2018–2028)
Laboratory Developed Tests (LDT)
Kits
Reagents and Consumables
Procedure Type Outlook (Revenue, USD Billion; 2018–2028)
Pre-Natal Screening
Pre-Implantation Genetic Testing
Infertility Genetic Testing
Carrier Screening
COVID-19 Impact Analysis
The post-COVID-19 phase has undergone substantial change, and Reproductive Genetics Market research highlights the opportunities and difficulties that still exist. This study report thoroughly examines the effects of the COVID-19 pandemic on the global economy and post-pandemic market behaviour.
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Some Key Highlights from the Report
In May 2021, Juno Diagnostics, Which is a company focusing on enhancing access to genetic health information, announced that closing of Series A financing round for USD 25 million led by Perceptive Xontogeny Venture (PXV) Fund. The fund will support product development, clinical validation studies, and commercial launch of JunoDx’s product offerings for non-invasive prenatal testing.
Prenatal screening covers a variety of tests doctors recommend for a pregnant patient. Some prenatal screening tests determines the chances a baby may or may not have chromosomal disorders, such as Down Syndrome. Though recommended by doctors, it is non-invasive and optional, and poses no risk to pregnancy as it involves ultrasound and blood work.
Next Generation Sequencing (NGS) is a widely accepted genetic testing technology in the prenatal testing arena. NGS is able to detect embryos with unbalanced chromosomal translocations that were not identified earlier. NGS offers better coverage of the chromosomes, higher resolution, and is faster and more affordable.
Regional Outlook
We carefully examined each division, regional classification, national study, and subject-specific data set during the market research. This Reproductive Genetics Market research report's goal is to look at growth patterns, promising futures, important obstacles, and expected results. Information on significant market participants, strategic alliances, plans, new product launches, and joint ventures are all included in the research.
Key Reasons to Purchase Reproductive Genetics Market Report
The reader will be in a position to comprehend and react to marketing strategies like using strengths and conducting a SWOT analysis.
The research looks into the dynamics of the target market and how the conflict between Russia and Ukraine has affected it.
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