Preimplantation Genetic Diagnosis Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

 

Preimplantation Genetic Diagnosis
Preimplantation Genetic Diagnosis 

Over the forecast period, rising rates of genetic diseases are anticipated to fuel market growth for preimplantation genetic testing. For instance, the prevalence of live births with Down's syndrome was 5.03 per 10,000 births between 2007 and 2016, according to the study "Estimating Nationwide Prevalence of Live Births with Down Syndrome and Their Medical Expenditures in Korea" published in Journal of Korean Medical Science in August 2019.

Pre-implantation genetic testing is a technique used to examine an embryo's genetic makeup before implantation. The increasing prevalence of genetically unbalanced structures in infants and young children makes it a significant procedure. This procedure examines an embryo for a specific, known genetic disorder before implanting it. The main drivers of the Preimplantation Genetic Diagnosis Market growth are the rising number of fertility clinics around the world, technological developments in genetic analysis, and rising public-private investments in preimplantation genetic testing.

The most preferred method for preimplantation genetic testing is anticipated to be genetic screening. Up until 2032, the section is anticipated to generate close to 2/3 of the preimplantation genetic testing market. The leading cause of disability and death in the United States, according to the Centers for Disease Control and Prevention (CDC), are chronic diseases like cancer, heart conditions, and diabetes.

Every year, the nation's healthcare system spends close to US$ 3 billion on direct and indirect expenses. Additionally, it is anticipated that in the upcoming years, market growth will be aided by healthcare professionals' growing awareness of the efficacy of genetic testing techniques.

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