Preimplantation Genetic Diagnosis (PGD) Market’s Future Lies in PGD for Aneuploidy Screening, Expected to Reach US$118.0 mn by 2020 A new Transparency Market Research report states that the global preimplantation genetic diagnosis (PGD) market stood at US$77.2 mn in 2013 and is anticipated to reach US$118 mn by 2020, by expanding at a CAGR of 6.28% from 2014 to 2020. The title of the report is “Preimplantation Genetic Diagnosis Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.” Preimplantation genetic diagnosis (PGD) is the genetic profiling of embryos before they are implanted and can also be of oocytes before fertilization. It is an adjuvant technique to in vitro fertilization (IVF), used for the detection of genetic conditions or diseases prior to the embryo being implanted. PGD is utilized for the screening of a wide range of medical abnormalities such as inheritable diseases, Down’s syndrome, and traits of a number of other physiological abnormalities. In addition, the utilization of array comparative genomic hybridization (aCGH) as well as fluorescent in situ hybridization (FISH) techniques within PGD has enhanced the overall success rate and process efficiency of pregnancy via IVF.
As per the report, the delay in conception among women has raised the demand for PGD. In addition, the rising occurrence of genetic diseases prompts patients to undergo PGD cycles in order to have a disease-free offspring. Increasing lifestyle changes such as stress, pollution, and smoking have resulted in decreased fertility in females, thus propelling the demand for PGD and IVF. Various innovations for the prevention of cancer and developments within the genetics field have emerged as key growth opportunities in the market for PGD. On the other hand, the limited insurance coverage for PGD and IVF has deterred patients from availing these techniques, hence inhibiting the development of the market. In addition, the social and economic factors associated with the usage of IVF will negatively impact the market. The global preimplantation genetic diagnosis market has been segmented into six distinct categories on the basis of the types of test. These are PGD for aneuploidy screening, PGD for single gene disorder, PGD for chromosomal aberrations, PGD for HLA typing, PGD for Xlinked diseases, and PGD for gender selection. Among these segments, PGD for aneuploidy registered the highest demand in 2013 since aneuploidy can result in severe abnormalities in children. The PGD screening for aneuploidy helps reduce the possibility of transferring any chromosome abnormality. Previously, the pregnancy would be terminated in case a chromosomal abnormality was detected in the fetus. However, going for preimplantation genetic diagnosis helps parents-to-be overcome this drawback, since the screening of aneuploidy is carried out before the embryo is implanted and the child is conceived.
Browse Full Research Report on Preimplantation Genetic Diagnosis Market: http://www.transparencymarketresearch.com/preimplantation-genetic-diagnosis-market.html The global preimplantation genetic market can be segmented geographically into four categories, which are North America, Asia Pacific, Europe, and RoW (Rest of the World). These markets are further analyzed on the basis of the type of test. The increase in awareness about PGD and high number of IVF cycles conducted in the region meant that Europe registered the maximum demand for PGD and emerged as the dominant market. North America is also expected to grow at a high CAGR during the forecast period due to the rise in demand among mothers to identify the gender of the embryo, and rapidly increasing numbers of IVF cycles being performed across the region. The lifestyle followed by the present generation has come across as a major factor in increasing the demand for preimplantation genetic diagnosis. Delayed pregnancies, for instance, has resulted in higher demand for PGD among new mothers who are keen to ascertain the health of their baby. Similarly, a rise in the incidence of genetic diseases among infants and children has encouraged parents in favor of preimplantation genetic diagnosis. Other factors impacting the demand for IVF and PGD are lifestyle hazards such as smoking, pollution, and stress, which affect fertility adversely. In spite of registering increasing demands in North America and Europe, PGD is encountering many restraints in the Asia Pacific region. Stringent government regulations and restrictions against gender selection and detection of X-linked diseases across developing region such as Africa, Latin America, and Asia Pacific have surfaced as hindrances to the growth of the PGD market. Lack of awareness among patients and inadequate healthcare facilities across the developing economies in the aforementioned regions also limit the use of PGD and IVF. PGD Market Leaders Major companies dominating the global preimplantation genetic diagnosis market are Reprogenetics LLC and Reproductive Genetics Institute, Genea Ltd., Laboratory Corporation of America Holdings, Quest Diagnostics, Inc., Genesis Genetics, Illumina and PerkinElmer. The leading players in the market are working towards innovating better technologies in genetic testing and enhance their efficiency to provide better services to patients.
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