Global Preimplantation Genetic Testing Market by Test, by Technology, by End-use, Region and Segment, Forecasts 2020–2026

Global Preimplantation Genetic Testing Market is valued reach USD 722.4 Million by 2025, growing at CAGR of 9.4% over the forecast period 2020–2026. The key factors driving the market are rising rate of infertility, high chances of chromosomal abnormalities, growing demand of fertility clinics and rising awareness regarding prevalence of genetic disorders.

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The world PGD market is expected to witness notable growth in the coming years owning to the rising prevalence of genetic, hereditary and chromosomal diseases. Moreover, PGD have high chances of conceiving healthy embryos. However, the high costs incurred in the PGD technologies hamper the growth of the market. Moreover, stringent government regulations and ethical concerns also obstruct the growth of the market. In coming years, there would be increase in adoption of PGD worldwide owning to the various applications of PGD for development of healthy embryo.

Market Trends, Drivers, Restraints and Opportunity:

Preimplantation genetic testing is widely for newborns as the need for genetic IVF techniques and early diagnosis results in promoting good health of infant. Availability of healthcare vendors with these facilities induces the market development
Growing awareness about the benefits of early diagnosis for genetic disorders is resulting in a high demand for preimplantation genetic testing. In addition, rise in demand for biopsy procedures encourage the vendors to emphasize on further innovation to augment their sales volume to cater to the enlarged demands. Therefore, the demand for non-invasive biopsy in preimplantation genetic testing is gaining a high popularity
Rise in cases of chromosomal abnormalities and adoption to PGD testing is witnessed as a significance throughout the global market. Moreover, embryo development and demand for PGD applications are creating further market opportunities
On contrary, government norms and regulations are creating growth challenges throughout the forecast period