Global Genetic Counseling Market - Future Scope Detailed Analysis to 2026

 Infinium Global Research’s recent report on the “Global Genetic Counseling Market (By Counseling Approach (Integrated, Discretionary, and Independent), By Type of Service (Risk Assessment, Pharmacogenomics, and Other Genetic Counseling Services), By Application (Proactive Risk Assessment, GC For Intent-to-Treat Patients (ITT), Prenatal and Preconception Care, Pediatric Care, and Other Genetic Counseling Applications)): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2026” provides a comprehensive outline of the factors responsible for the growth of the market. The genetic counseling market was valued at USD 1,320 million in 2020 and is expected to reach USD 3,450 million in 2027, with a CAGR of 14.92% during the forecast period.

"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026." 

The Section on the Impact of COVID-19 on this Market is Included in the Report for Free. To Know More Request Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/28174

Genetic counseling provides patients with information, support, and resources to better understand the genetic disease risks. It provides genetic counselors which are members of the healthcare team with expert degrees in medical genetics and counseling. The genetic counselor will help to understand this information and supports through any decision-making based on the patient's desires for the pregnancy.

The COVID-19 pandemic negatively impacted the global genetic counseling market. The spread of COVID-19 affected several countries across the world. Many national and local governments around the world imposed containment measures restricting people to visit outdoors which impacted genetic counseling. Due to this, genetic counselors are largely unable to see patients in person. A clinic that used a combination of in-person and telehealth services in the past has now transitioned to using only telehealth services due to the pandemic.

However, for clinics that have only seen patients in person, the transition to using telehealth may present a challenge. Thinking ahead to post-pandemic life, telehealth may be used more commonly in genetic counseling in the future which will impact positively the market. There is a trend showing that the use of telehealth services has grown over the past few years.

Integrated Segment to Dominate the Genetic Counseling Market

Based on the counseling approach, the genetic counseling market is categorized into integrated, discretionary, and independent. Among these, the integrated segment is expected to dominate the genetic counseling market. The genetic counseling service was marketed as an integral part of the genetic testing product. In the case of GeneDx, they had been providing genetic counseling for over 10 years. It is a part of their genetic testing service which specializes in rare hereditary disorders. Genetic counseling is not provided at the discretion of the consumer by being integral to the testing product. Genetic counseling is represented as part of the testing process, following a clinical services model.

Need Assistance? Send an Enquiry@ https://www.infiniumglobalresearch.com/reports/customization/28174  

North America to Be the Dominant Region in Global Genetic Counseling Market

North America accounted for the majority of the market share of the global genetic counseling market in 2019 and is anticipated to remain dominant throughout the forecast period. The factors such as an increase in awareness among individuals about the benefits and the potentiality of genetic counseling to identify and cure diseases or abnormalities are the main reason for the genetic counseling market to grow. Besides, advancements of technology in the genetic counseling space, subsequent increase in the cases of chronic diseases, and rising cancer case incidences are a few other factors aiding the growth of the genetic counseling market in North America. With the growing genetic disease incidences, it unravels new opportunities for genetic counseling and its related applications.

Companies Operating in Genetic Counseling Market are Adapting Acquisition and Merger Strategies

Key players in the genetic counseling market are Invitae Corporation, Quest Diagnostics Incorporated, Arup Laboratories, Genome Medical, GeneDx, Laboratory Corporation of America, GeneMatters, EasyDNA, AT-GC, Biron Health Group, and MyOncoPath. These market players are focusing on acquisition and merger strategies to increase their share in the market. For instance, in November 2019, Invitae has acquired Clear Genetics, a genetic counseling Chatbot developer for $50M. The acquisition will give Invitae access to Clear Genetics' chatbot Gia, or Genetic Information Assistant, which is already being used by customers ordering genetic testing through Invitae's direct channel.

Moreover, in August 2017, Invitae has acquired two diagnostics developers which are CombiMatrix and Good Start Genetics. The acquisition is done for a combined $72 million in cash and stock, in a deal intended to expand the buyer's diagnostics offerings across all stages of life. Good Start Genetics combines customer care and access to genetic counseling with tests that fall within three primary product lines.

Browse Complete Report@ https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-genetic-counseling-market

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the genetic counseling.

=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2026.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.