With the gradual evolution in the
field of biomedical/healthcare technology, companies operating in the
healthcare/pharmaceutical/therapeutic industry are now scaling new heights.
Also, this industry is boosted by the rising number of incidences of health
related issues emanating from the changing lifestyle and continuously changing
surroundings.
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To address the growing demand for
better diagnosis and treatment options and the unmet needs within the
chromosomal abnormalities and genetic disorders segment, respective companies
are coming up with novel and improved diagnostics and testing methods. A part
of the genetic testing segment includes the screening for genetic/chromosomal
aberrations in the fetus termed as prenatal testing. By opting for the prenatal
tests, birth defects like down syndrome, genetic disorders, cystic fibrosis,
muscular dystrophy, spina bifida, thalassemia, among other chromosomal and
genetic abnormalities could be detected before the birth of the child. The
market is characterized by fast pace developments in the clinical technology and
testing methodology.
The ongoing trends in the respective
market include various strategic alliances, development of T21 testing assay by
Sequenom, enhanced T21/T18 detection and reduced fetal loss by MaterniT21,
ongoing clinical trials, and development of other fetal/maternal diagnostic
tests. The drivers promoting prenatal testing market include factors like
growth in genetic testing procedures, rising healthcare expenditure, increasing
global GNI (gross national income), and increasing knowledge about genetic
testing. Although it is a nascent development in the field of genetic testing,
it has its own share of difficulties and hurdles where situations and elements
such as adverse psychological impacts of prenatal testing, risks posed by
invasive diagnostic procedures, escalating price pressure, and quality concerns
related to biochemical genetic testing among others have been posing acute
challenges.
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