Genetic Counseling Market Analysis 2023–2028 | Current Demand, Latest Trends, and Investment Opportunity
Overview of Global Genetic Counseling Market Size, Share, and Growth Forecast for 2023–28
The report aims to provide a comprehensive perspective on the Global Genetic Counseling Market : Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023–2028. It offers an industry overview, including an analysis of historical and future market growth. Key parameters such as revenue, demand, and applicable supply data are highlighted. The study offers regional estimates, forecasts, and trend analyses for various countries.
Report’s Study Period:
- Historical period: 2018–2021
- Base Year: 2022
- Forecasting period: 2023–2028
Insights and Analysis of the Global Genetic Counseling Market for the Period 2023–2028:
The Global Genetic Counseling Market is estimated to grow at a CAGR of around 11.5% during the forecast period, i.e., 2023–28. The market observed notable growth in the past few years, backed by the rising prevalence of genetic & rare diseases worldwide, often resulting from chromosomal abnormalities & environmental factors, thereby emphasizing the need for genetic counseling services.
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Global Genetic Counseling Market Dynamic:
Growth Opportunity:
Growing Use of Telehealth & Remote Genetic Counseling among Patients: In recent years, the healthcare sector has improved largely in terms of technology adoption, offering a high level of convenience to its consumers. Also, the adoption of telehealth services has surged considerably among healthcare providers in the past few years. This majorly ascribes to technological advancements, such as the advent of digital tools for sharing genetic information, electronic health records (HER), & secure video conferencing platforms, which have enhanced the adoption of telemedicine in genetic counseling.
Also, remote genetic counseling services are more feasible & efficient and facilitate effective communication & information exchange between patients and counsellors. Consequently, as more companies launch their telehealth programs, their adoption would accelerate and create lucrative prospects for the genetic counseling market in the coming years.
Segmentation Analysis of the Genetic Counseling Market for the Period 2023–2028:
Our team of analysts has carefully studied the market using various methods and calculations to create a detailed analysis. We’ve broken down the market into different sections and thoroughly examined each one. This in-depth exploration has helped us identify the standout performing segment in each section by closely examining various aspects of the market.
We have delved into the factors and trends driving increased activity in these specific segments. Additionally, we have identified the main market participants who are actively involved in these segments, giving us a complete understanding of their unique characteristics. Our study also includes a comprehensive view of the market’s structural expansion, offering a clear framework to understand how it has evolved.
By Type of Service
- Pre-Counseling Support
- Post-Counseling Support
· By Model
- Direct-to-Consumer
- Healthcare Providers
By Indications
- Cardiogenetics
- Hereditary Oncology
- Pediatric Neurology
- Pharmacogenomics
- Others (Preimplantation Genetic Diagnosis (PGD) Counseling, Carrier Testing, & Counseling, etc.)
By Application
- Genetic Counseling for Intent-to-Treat Patients (ITT)
- Prenatal and Preconception Care
- Reproductive Planning and Family Building
- Others (Indication Risk Assessment, Genetic Education & Advocacy, etc.)
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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Leading Market Position in The Genetic Counseling Market
In analysing the Genetic Counseling Market, we conduct a thorough competitive benchmarking assessment involving key firms such as
· Invitae Corporation
· Quest Diagnostics Incorporated
· Arup Laboratories
· Genome Medical
· Laboratory Corporation of America
· EasyDNA
· Biron Health Group
· GeneDx
· BGI Group
· Neuberg Center for Genomic Medicine (NCGM)
· Lilac Insights
· Metis Genetics
· Veritas Intercontinental
· Grey Genetics, LLC
· My Gene Counsel
· Others
This evaluation entails a detailed review of each company’s product value, capabilities, and notable attributes. Moreover, our study encompasses recent mergers, acquisitions, and product launches by these firms, aiming to offer stakeholders valuable insights into the prevailing market dynamics.
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Genetic Counseling Market Recent Development:
· In 2023: Genome Medical and xCures have teamed up to provide patients with an elevated level of personalized care. In this collaboration, Genome Medical’s genetic counselors will access to xCures’ extensive care summaries, which are derived from electronic medical records spanning the entire healthcare system.
The Genetic Counseling Market Research Report for 2023–28 addresses several key questions:
1. How will the growth rate of the Genetic Counseling market progress during the projected period?
2. What market factors will serve as the foundation for shaping client and business strategies?
3. Which factors are currently exerting influence, including increased demand and ongoing market advancements?
4. Among the studied market segments, which one’s present promising avenues for extended growth opportunities?
5. Which company currently holds the leading market position?
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