Prenatal Testing and Newborn Screening Market Global Industry Share, Size, Business Boosting Strategies, CAGR Status, Growth Opportunities and Forecast 2030 with CAGR of 14.0%
The global prenatal testing and newborn screening market size is expected to reach USD 15.76 Billion at a steady revenue CAGR of 14.0% in 2030, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by global increase in genetic disorders/abnormalities. It is expected that 5.3% of neonates will have a genetic disease when monitored up to age of 25. Hemoglobinopathies and glucose-6-phosphate dehydrogenase deficiency have a higher prevalence in developing countries than in Western countries owing to severe falciparum malaria in the distant past. An increased proportion of consanguineous marriages also leads to a rise in frequency of autosomal recessive disorders, which in turn, is driving revenue growth of the global prenatal testing and newborn screening market.
For instance, according to a 2022 study, Pakistan recorded increased prevalence of roughly 63% in consanguinity during the last three decades. Moreover, chromosomal problems occur in 1 in 153 births, therefore screening for them is significant. Furthermore, screening can be accomplished by employing ultrasonography, biochemical indicators, and more recently developed, non-invasive prenatal analysis established on cell-free fetal DNA in maternal plasma.
Currently, the trend is shifting toward non-invasive testing, such as, by using blood. For instance, Non-invasive Prenatal Testing (NIPT), is a growing trend that will ultimately replace alternative techniques of screening for chromosomal aberrations regardless of the drawbacks of cffDNA analysis in pregnant women. For instance, according to a 2020 study, 14 countries in Europe have incorporated NIPT into their national policy. NIPT is offered to all pregnant women in Belgium and the Netherlands. It is performed on 25%-50% of women in the Netherlands, Austria, Italy, Spain, most Australian and American states, and over 75% of women in Belgium. It is expected that new discoveries and technical advancements will turn NIPT from a screening test to an ultimate diagnostic test. Such instances are driving market revenue growth.
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The report offers a complete analysis of the global prenatal testing and newborn screening market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.
How will this Report Benefit you?
An Emergen Research report of 250 pages features 194 tables, 189 charts, and graphics. Our new study is ideal for anyone who wants to learn about the global prenatal testing and newborn screening market commercially and deeply, as well as to analyze the market segments in depth. With the help of our recent study, you can analyze the entire regional and global market for prenatal testing and newborn screening. To increase market share, you must obtain financial analysis of the entire market and its segments. Our research suggests there are significant opportunities in this rapidly expanding market for energy storage technology. Look at how you might take advantage of these revenue-generating opportunities. Additionally, the research will help you develop growth strategies, strengthen competitor analysis, and improve business productivity by enabling you to make better strategic decisions.
Key companies profiled in the report include:
Abbott Laboratories, Bio-Rad Laboratories, Color Genomics, Edinburgh Genomics, Eurofins Scientific, Agilent Technologies, CRISPR, Illumina Inc., Editas Medicine, and Qiagen NV, among others.
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Some Key Highlights from the Report:
- In April 2019, Progenity Inc. made an announcement about the introduction of the Resura Prenatal Test, a non-invasive, personalized prenatal check for monogenetic diseases.
- Ultrasonography is projected to observe a significant growth rate in the forecast period, owing to the ability of the ultrasound diagnosis to detect anomalies in the position of the baby and actions within the womb.
- The hospital held a substantial market share in 2019 due to the growing introduction of non-invasive prenatal testing, coupled with rapid technological developments in newborn screening, the presence of skilled professionals, and better reimbursement scenario.
- North America dominated the market for Prenatal Testing and Newborn Screening in 2019 due to the availability of technologically advanced healthcare research system and developments in whole-genome sequencing.
The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.
Emergen Research has segmented the global prenatal testing and newborn screening market on the basis of type, test type, technology, instrument, end-users, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Prenatal Testing
- Newborn Screening
Test Type Outlook (Revenue, USD Billion; 2017-2027)
- Non-Invasive
- Invasive
Technology Outlook (Revenue, USD Billion; 2017-2027)
- Mass Spectrometry
- Electrophoresis
- Enzyme Immunoassays
- DNA Assays
Instrument Outlook (Revenue, USD Billion; 2017-2027)
- Ultrasonography
- Reagent and Assay Kits
- Tandem Quadrupole Detector
- Incubator Shaker
- Hearing Screen Instruments
End Users Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals
- Maternity & Specialty Clinics
- Diagnostic Centers
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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What Questions Should You Ask before Buying a Market Research Report?
- How is the prenatal testing and newborn screening market evolving?
- What is driving and restraining the prenatal testing and newborn screening market?
- How will each prenatal testing and newborn screening submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
- How will the market shares for each prenatal testing and newborn screening submarket develop from 2022 to 2030?
- What will be the main driver for the overall market from 2022 to 2030?
- Will leading prenatal testing and newborn screening markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
- Who are the leading players and what are their prospects over the forecast period?
- What are the prenatal testing and newborn screening projects for these leading companies?
- How will the industry evolve during the period between 2020 and 2030? What are the implications of prenatal testing and newborn screening projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the prenatal testing and newborn screening market?
- Where is the prenatal testing and newborn screening market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
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