Europe Carrier Screening Market Industry Overview and Forecasts to 2031 – Trends, Forecasts & Key Insights

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Europe Carrier Screening Market Industry Overview and Forecasts to 2031 – Trends, Forecasts & Key Insights

  • Medical Devices
  • Upcoming Report
  • Oct 2024
  • Europe
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Europe Carrier Screening Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2024 –2031
Diagram Market Size (Base Year)
USD 1,300.00 Billion
Diagram Market Size (Forecast Year)
USD 3,900.00 Billion
Diagram CAGR
%
Diagram Major Markets Players
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The Europe Carrier Screening Market size in 2023 is USD 1300 billion. The market share is projected to grow at a CAGR of 14.10% and reach USD 3900 billion by 2031.

Europe Carrier Screening Market

Europe Carrier Screening Market Overview

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Data Bridge Market Research Market Report provides details of new recent developments, market share, market trends on the basis of its segmentations and regional analysis, the impact of market players, analyses of opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market, contact Data Bridge Market Research’s team of expert analysts. Our team will help you make informed market decisions to achieve business growth.

Europe Carrier Screening Market Size and Market Analysis

 Europe Carrier Screening Market Report Metric Details

 

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Year

2022 (Customizable 2016-2021)

Measuring Unit

USD Billion

Data Pointers

Market value, growth rate, market segments, geographical coverage, market players, and market scenario, in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

The market is supported by a robust healthcare infrastructure, expanding genetic testing capabilities, and favorable government initiatives aimed at improving prenatal and reproductive health. However, varying regulatory environments across countries and concerns regarding the ethical implications of genetic testing may pose challenges to market expansion. As a result, Databridge Market Research dived into comprehensively analyzing the market and unveiled that the Europe Carrier Screening Market is increasing at a CAGR of 14.10%. Our detailed analysis forecasts that the market is valued at USD 1300 billion in 2023 and is expected to grow up to USD 3900 billion by 2031. Our meticulously created report, developed through comprehensive research and analytics, is a distinguished paper that unveils eye-opening data about the market.

Europe Carrier Screening Market Dynamics

Drivers

  • Rising Investment in Healthcare Infrastructure

In Europe, significant investments in healthcare infrastructure are fueling the growth of the carrier screening market. According to the World Health Organization (WHO)'s EuropeHealth Expenditure Report 2023, Europehealth spending reached a record high of USD 9.8 trillion, or 10.3% of EuropeGDP. In Europe, this increased investment enhances the availability of advanced diagnostic tools and technologies for carrier screening. Improved funding supports the development, accessibility, and integration of carrier screening programs within healthcare systems, thus driving market expansion by addressing the growing demand for comprehensive genetic testing.

  • Increased Awareness and Education on Genetic Disorders

Growing awareness and education about genetic disorders are driving the demand for carrier screening in Europe. As more individuals and healthcare professionals recognize the benefits of early detection of genetic risks, there is a rising interest in preconception and prenatal screening services. Public health initiatives and educational campaigns have significantly contributed to the increased uptake of carrier screening, supporting market growth by expanding the consumer base and encouraging proactive health management.

Opportunities

  • Rising Number of Research and Development Activities

The Europen carrier screening market is presented with substantial opportunities through ongoing research and development activities. Innovations in genetic testing technologies, including advancements in next-generation sequencing (NGS) and expanded carrier panels, offer new possibilities for more comprehensive and accurate screening. The development of new genetic tests and improved methodologies allows for better identification of carriers for a wider range of genetic conditions. Furthermore, advancements in digital health technologies and telemedicine are enhancing the accessibility and personalization of carrier screening services, thereby driving market growth by addressing diverse patient needs and improving diagnostic capabilities.

Challenges

  • High Costs Associated with Carrier Screening

The high costs associated with carrier screening pose a significant challenge to market growth in Europe. Advanced genetic testing technologies and comprehensive screening panels can be expensive, leading to financial barriers for many individuals. Insurance coverage issues and out-of-pocket expenses may limit access to carrier screening services, particularly for underserved populations. These financial constraints hinder widespread adoption and can restrict the overall market potential by preventing broader access to essential genetic testing.

Restraints

  • Lack of Standardized Screening Protocols

The absence of standardized screening protocols for carrier testing is a notable restraint on the Europen market. Variability in screening practices and guidelines across different healthcare providers and regions can lead to inconsistent testing and reduced patient access. This lack of standardization can result in disparities in the quality and availability of carrier screening services, ultimately impeding market growth by limiting the effectiveness and reach of genetic testing programs.

  • Regulatory Hurdles

Regulatory hurdles also present a challenge to the carrier screening market. The approval process for new genetic tests and technologies can be lengthy and complex, involving rigorous evaluations by regulatory bodies such as the FDA. Delays in the approval of innovative tests or updates to existing screening technologies can slow down the market's growth and hinder the timely introduction of new diagnostic tools. These regulatory challenges can impact the market’s ability to quickly adapt to advancements and meet the evolving needs of patients and healthcare providers.

Europe Carrier Screening Market Scope and Trends

Europe Carrier Screening Market Segmentations Overview

Segments

Sub-Segments

Type

Genetic Carrier Screening, Expanded Carrier Screening, Preconception Screening, Prenatal Carrier Screening, Others

Treatment

Genetic Counseling, Medication, Supportive Therapies, Others

Route of Administration

Oral, Parenteral, Others

End-Users

Hospitals, Specialty Clinics, Genetic Counseling Centers, Homecare, Others

Distribution Channel

Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others

Monitoring Method

Broadcast Monitoring, Social Media Monitoring, Online Monitoring, Print Monitoring

  • The European carrier screening market is experiencing growth due to increasing awareness about genetic disorders and the benefits of early detection for family planning and personalized medicine
  • Advances in next-generation sequencing technologies and the expansion of public healthcare initiatives are driving the adoption of carrier screening programs across Europe
  • Regulatory support and government funding, particularly in countries such as the UK, Germany, and France, are encouraging the integration of carrier screening into routine prenatal care

Europe Carrier Screening Market Regional Analysis

Europe Carrier Screening Market Regional Overview

 

Region

Countries

Europe

Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe

Key Insights

  • Germany leads the carrier screening market, driven by advanced healthcare infrastructure, high levels of awareness, and substantial investment in genetic testing. Germany particular, stands out with its comprehensive screening programs and access to cutting-edge technologies and tests. High adoption rates of carrier screening, alongside strong regulatory support and well-established guidelines, contribute to Europe's dominance in the market

Europe Carrier Screening Market Leading Players

  • Pfizer Inc. (US)
  • GlaxoSmithKline plc (UK)
  • Novartis AG (Switzerland)
  • Mylan N.V. (US)
  • Teva Pharmaceutical Industries Ltd. (Israel)
  • Sanofi (France)
  • AstraZeneca (UK)
  • Johnson & Johnson Private Limited (US)
  • Bayer AG (Germany)
  • Merck & Co., Inc. (US)
  • F. Hoffmann-La Roche Ltd. (Switzerland)
  • Eli Lilly and Company (US)
  • Cipla Inc. (US)
  • Aurobindo Pharma (India)
  • Lupin (India)
  • Accord Healthcare (US)
  • Sun Pharmaceutical Industries Ltd. (India)
  • Bausch Health Companies Inc. (Canada)
  • Alvogen (US)
  • Intas Pharmaceuticals Ltd. (India)
  • SHIONOGI & Co., Ltd. (Japan

Europe Carrier Screening Market Recent Developments

  • In September 2023, Devyser and Thermo Fisher Scientific joined forces to enhance laboratory services and advance pharmaceutical research. Their collaboration focuses on utilizing Devyser’s specialized assays within its CLIA-certified laboratory to support various development projects
  • In July 2023, Quest Diagnostics introduced its first consumer-oriented genetic test, named Genetic Insights. This new offering enables individuals to assess their risk for inheritable medical conditions and provides personalized health reports along with access to genetic counseling services.
  • In March 2023, Illumina Inc. and Myriad Genetics Inc. expanded their strategic partnership to increase the availability and accessibility of oncology homologous recombination deficiency (HRD) testing, enhancing diagnostic options for cancer patients.


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The market size of Europe Carrier Screening Market in year 2024 is USD 1350 billion.
The Europe Carrier Screening Market CAGR is 14.10% for the forecast period 2023-2031. The market is valued at USD 1300 billion 2023 and is expected to reach USD 3900 billion in 2031
Reduced stigma regarding mental health and growing investment in healthcare infrastructure are driving the Europe Carrier Screening Market growth.
Asia-Pacific is the fastest-growing region in the Europe Carrier Screening Market. Growth is driven by the increasing awareness, expanding healthcare infrastructure, and rising investments in research and treatment.
Our TRIPOD analysis involves comprehensive primary as well as secondary research to gather the data that is analyzed using credible data analysis methodologies involving Data Forecast Modelling, Porter’s Five Force Model, Demand Supply Chain Analysis, and Value Change Analysis.