May 24, 2021
According to the research report titled ‘Global Genetic Counselling Market Analysis, 2021’, available with Market Study Report, global genetic counselling market is set to expand at a y-o-y growth rate of 11.5% during the forecast period 2021-2026.
As per the findings of the research literature, global genetic counselling market is largely driven by growing consumer awareness in the field, increasing R&D expenditure on genetic testing, and growing knowledge on wellness care. Moreover, proliferating funding in genetic counselling resources is enhancing the industry outlook.
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For the uninitiated, genetic counselling is a communication process that aims to advise individuals about the risk of genetic disorders and its effects on them or their family.
Based on target end-users, global genetic counselling market is divided into patients and general population, among which, the latter segment grabbed significant industry share in 2020 and will likely show strong growth trends through 2026. The demand for genetic counselling is rising among general population as it empowers individuals and couples to make right decision pertaining to health and reproduction by outlining the genetic risk.
Proceeding further, the other segments covered in the research piece are business models (direct-to-consumer testing, core genetic counseling, clinical genetic testing), approach (discretionary genetic counselling, integrated genetic counselling, independent genetic counselling), application scope (proactive risk assessment, intent-to-treat patients, prenatal and preconception care, pediatric care, others), service type (risk assessment, pharmacogenomics), and level of service (pre-counselling support, post counselling support).
Considering the geographical landscape, key contributors to the overall genetic counselling market remuneration are North America (U.S., Canada, Mexico), South America (Argentina, Brazil), Europe (U.K., Italy, France, Spain, Norway, Netherlands), and Middle East & Africa (Saudi Arabia, UAE, South Africa, Turkey).
Speaking of the competitive landscape, Genpath Diagnostics, GeneDx, Color Health Inc., InformedDNA, Laboratory Corporation of America Holdings, Ancestry.com LLC, Veritas Genetics International Ltd., Genehealth UK, Genescreen Counseling LLC, Metis Genetics, Biron Groupe Santé Inc., My Onco Path, ARUP Laboratories, Advanced Tele-Genetic Counseling (AT-GC), EasyDNA, Gene Matters LLC, Invitae Corp., Genome Medical Inc., and Quest Diagnostics Inc are the top contenders in global genetic counselling industry.