Global Genetic Counseling Market to Reach $4,079.3M by 2030

According to a new market intelligence report titled “Global Genetic Counseling Market- Analysis and Forecast, 2019-2030”, the global genetic counseling market was valued at $972.2 million in 2019 and is anticipated to grow over $4,079.3 million by 2030. The global genetic counseling market is expected to grow at a double-digit compound annual growth rate in the forecast period 2020-2030, aided primarily by the impressive growth in the molecular diagnostics market.

According to Nitish Singh Principal Analyst, “The integrated counseling segment is accounted for the largest share, holding 48.00% of the market in 2019. This segment is anticipated to grow at a CAGR of 13.72% during the forecast period 2020-2030. However, it is expected that the independent counseling segment will witness the highest CAGR of 14.45% during the forecast period, 2020-2030.”

Research Highlights:

The pharmacogenomic genetic counseling segment is expected to witness a robust CAGR of 17.39% during the forecast period, 2020-2030.
GeneDX and InformedDNA are currently the largest shareholders in the global genetic counseling market. This market dominance is attributed to the company’s presence within the market through its expansive service portfolio, led by dedicated genetic counselors’ workforce that provides services in prenatal/preconception, pediatric, indication risk assessment, and pharmacogenomic counseling and other genetic counseling services.

This market intelligence report provides a multi-dimensional view of the global genetic counseling market in terms of market size and growth potential. This research report aims at answering various aspects of the global genetic counseling market with the help of key factors driving the market, restraints that can possibly inhibit the overall growth of the market, and the current growth opportunities that are going to shape the future trajectory of the market expansion.

Furthermore, the competitive landscape and industry insights chapter in the report explicates the competitive nature of the global market and enables the reader to get acquainted with the recent market activities, such as product launches and approvals, partnerships, collaborations, business expansions, as well as mergers and acquisitions. The research report provides a comprehensive analysis of the product sales, manufacturers, trend analysis by segment, and growth share analysis by geographical region. Additionally, the report provides a comprehensive, attractive analysis, and opportunity analysis for the entire global genetic counseling market for 2019 and 2030.

This report is a meticulous compilation of research on more than 30 players in the market ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 15 leading companies, market participants, and vendors. The report also comprises 15 detailed company profiles, including several key players, such as InformedDNA, Integrated Genetics (Laboratory Corporation of America), Quest Diagnostics Incorporated, Genome Medical, ARUP Laboratories, Invitae Corporation, Gene Matters and MyOncoPath.

The answers to the following key questions can be derived from this report:

What are the major market drivers, challenges, and opportunities in the global genetic counseling market?
What are the underlying structures resulting in the emerging trends within the global genetic counseling market?
How is each segment of the market expected to grow during the forecast period from 2020 to 2030?
What are the key developmental strategies which are implemented by the major players in order to sustain in the competitive market? What are the key regulatory implications in developed and developing regions for genetic counseling?
Who are the leading players with significant offerings to the global genetic counseling market? What is the current market dominance for each of these leading players?
What would be the compound growth rate witnessed by the leading players in the market during the forecast period 2020-2030?
What are the key applications in the global genetic counseling market? What are the major segments of these applications?
Which are the dominant genetic counseling approaches of the global genetic counseling market? Which is the fastest-growing approach segment in the global genetic counseling market?
Who are the service providers in the global genetic counseling market, and what are their contributions? What is the growth potential of each major genetic counseling services provider?
What is the scope of the global genetic counseling market in different countries, globally?

Key trends targeted in the report:

What are the emerging trends in the global genetic counseling market? How are these trends revolutionizing the genetic testing landscape?
Which companies are anticipated to be highly disruptive in the future, and why?
What are the gaps in regularizing optimum genetic counseling? How are these gaps being tackled?