The competitive scenario in the Asia preimplantation genetic diagnostics market is highly intense owing to the several global and local players trying their luck in the region, states Transparency Market Research (TMR) in a research report. Pertaining to the number of service providers of preimplantation genetic diagnosis market, it is a highly fragmented one in nature. The penetration of other regional players might further intensify the level of competition in the market in the years ahead. Some of the companies operating in the market might be F. Hoffmann-La Roche, Thermo Fisher Scientific Inc., Perkin Elmer Inc., Illumina Inc., Natera Inc., and Abbott Laboratories, among many others.
The Asia perimplantation genetic diagnosis market is anticipated to exhibit a 6.8% CAGR between 2015 and 2023. The market is expected to rise to a valuation of US$28.8 mn by the end of 2023 from worth US$16.0 mn in 2014.
Single Gene Disorder Screening to be Preferred over Prenatal Diagnostic Testing
Preimplantation hereditary finding for the screening of aneuploidy held the chief offer of 34.7% in the Asia PGD showcase in 2014. Liberal controls relating to this range of conclusion in most Asian nations is the central point behind the high quantities of aneuploidy screening tests embraced each year in the district. Be that as it may, PGD for single quality issue is anticipated to grow at the quicker CAGR from the period in the vicinity of 2015 and 2023. Expanded inclination of this demonstrative methodology is supported by innovative progressions and generally high precision of results. Additionally, single quality issue screening is more useful contrasted with customary pre-birth demonstrative testing in developing life, driving the market for PGD for single quality issue.
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Region-wise, the Asia preimplantation genetic diagnosis market is likely to witness fruitful opportunities in the Southern Asia region. In most Asian nations where PGD is not disallowed, it is controlled by the provincial or national government. The high expenses of PGD methods are likewise a zone of massive worry for certain cost sensitive nations in the area. Consolidated with liberal administrative standards and the rising populace of high-procuring people, Southern Asia will rise as the most lucrative market for preimplantation hereditary conclusion in the following couple of years. The PGD advertise in Southern Asia is required to ascend at an ideal 7.9% CAGR from 2015 to 2023.
Growing Penchant towards Assisted Reproductive Techniques to Bolster Deployment
Rising inclination to helped regenerative methods, which include preimplantation hereditary finding as a standard game-plan for guaranteeing that the incipient organism is free of any hereditary oddities, is integral to the solid development of the Asia PGD advertise. The interest for helped regenerative systems in the locale is driven significantly because of two elements: postponed period of origination among ladies and the alarmingly rising rate of fruitlessness in the area. With rising support in the locale’s workforce, countless ladies are considering their infants in late 20s to late 30s. As infertility issues and difficulties worried about imagining begin heightening as the age rises, couples in the area are progressively favoring helped conceptive systems, for example, in vitro treatment.
The rate of infertility in nations, for example, China and India has considerably expanded in the previous couple of years. Xinhua, one of China’s unmistakable news offices has expressed that around 12.5% of China’s populace was fruitless in 2010. In India as well, around 10% of the populace was said to be experiencing infertility in 2013. This factor is likely to be a core triggering factor for the growth of the market.