Global Genetic Counseling Market Overview:
According to MarkNtel Advisors study 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.
Key Findings of the Study: Genetic Counseling market
Global Genetic Counseling Market 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.
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Scope of the Genetic Counseling Market Report Segmentation
-By Type of Service
- Pre-Counseling Support- Market Size & Forecast 2018-2028, USD Million
- Post-Counseling Support- Market Size & Forecast 2018-2028, USD Million
-By Model
- Direct-to-Consumer- Market Size & Forecast 2018-2028, USD Million
- Healthcare Providers- Market Size & Forecast 2018-2028, USD Million
-By Indications
- Cardiogenetics- Market Size & Forecast 2018-2028, USD Million
- Hereditary Oncology- Market Size & Forecast 2018-2028, USD Million
- Pediatric Neurology- Market Size & Forecast 2018-2028, USD Million
- Pharmacogenomics- Market Size & Forecast 2018-2028, USD Million
- Others (Preimplantation Genetic Diagnosis (PGD) Counseling, Carrier Testing, & Counseling, etc.) – Market Size & Forecast 2018-2028, USD Million
-By Application
- Genetic Counseling for Intent-to-Treat Patients (ITT) – Market Size & Forecast 2018-2028, USD Million
- Prenatal and Preconception Care- Market Size & Forecast 2018-2028, USD Million
- Reproductive Planning and Family Building- Market Size & Forecast 2018-2028, USD Million
- Others (Indication Risk Assessment, Genetic Education & Advocacy, etc.) – Market Size & Forecast 2018-2028, USD Million
For more detailed information about the Genetic Counseling market report, click here – https://www.marknteladvisors.com/research-library/global-genetic-counseling-market.html
Geographical analysis:
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Of all regions globally, Asia-Pacific has been playing a significant role in the growth of the Global Genetic Counseling Market. The region’s growth is backed primarily by the rapidly expanding healthcare industry in India & China. These countries have witnessed substantial investments in healthcare infrastructure, creating lucrative opportunities for genetic counseling providers. The widespread adoption of genetic testing methodologies, supported by extensive research & development efforts, also contribute to the regional market growth. Further, China & India, with their large population bases, are witnessing decreasing costs of genetic testing techniques. This affordability, entwined with an increasing number of trials related to genetic disorders, would spur growth in the Asia-Pacific region in the coming years.
Global Genetic Counseling Market Recent Developments:
- 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.
- In 2022, Genome Medical announced its collaboration with Pierian to enhance & optimize on-site genomics programs for healthcare organizations & provider groups. This would also integrate advanced clinical genomics technology, genetic services, and virtual genetic counseling to elevate the standard of care and improve patient outcomes.
Current Landscape of Genetic Counseling Market
The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Genetic Counseling market. The research report profiles major players, including
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- 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
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