Newborn Screening Market to Reach US$ 1.76 Billion at a CAGR of 8.8% with Forecast to 2029
Newborn Screening market document explains current and future market trends and carries out analysis of the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. This market research report is formulated with a nice blend of industry insight, smart and practical solutions and newest technology to present better user experience. The report contains a bottomless knowledge and information on what the market’s definition, classifications, applications, and engagements are and also explains the drivers and restraints of the market which is derived from SWOT analysis. An influential Newborn Screening marketing report also provides better market insights with which driving the business into right direction becomes easy.
An all inclusive Newborn Screening market research report analyses major factors of the market which offers precise data and information for the business growth. The data gathered to organize this report is based on the data collection modules with large sample sizes. This market analysis makes an assessment of the expected rise, growth or fall of the product in the definite forecast period. For getting hold of detailed market report, request an analyst call or drop down an enquiry at any time. The universal Newborn Screening market report includes all the company profiles of the major players and brands.
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Leading Key Players Operating in the Newborn Screening Market Includes:
- PerkinElmer Inc., (U.S)
- Demant A/S (Denmark)
- Natus Medical Incorporated (U.S)
- Bio-Rad Laboratories (U.S)
- Luminex Corporation (US)
- Hoffmann-La Roche Ltd., (Switzerland)
Key Market Analysis and Insights:
Over the years, there has been massive increment in the cases of congenital diseases in newborns. According to the Indian Pediatric Academy, Congenital cardiac disease affects 9 out of every 1,000 children. The congenital cardiac disease affects around 200,000 children every year. The increasing rate of these congenital diseases have largely inclined the population (especially parents) towards the newborn screening. The market is estimated to show expand at a high rate over the forecasted period.
- The newborn screening market was valued at USD 0.9 billion in 2021 and is expected to reach USD 1.76 billion by 2029, registering a CAGR of 8.8% during the forecast period of 2022-2029. The “immunoassays and enzymatic assays” accounts for the largest technology segment in the newborn screening market within the forecasted period owing to wide usage of these assays to screen for disorders in newborns. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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- On September 30, 2020, PerkinElmer, Inc., a worldwide company devoted to developing for a healthy society, has gained CE-IVD certification for their EONISTM newborn screening assay, which screens for SMA (spinal muscular atrophy), SCID (severe combined immunodeficiency), and XLA (X-linked agammaglobulinemia). This IVD RT-PCR assay is designed to interact with PerkinElmer’s full newborn screening workflow, giving labs a complete, single-source solution that includes everything from sample to solution.
Global Newborn Screening Market Scope and Market Size
The newborn screening market is segmented on the basis of test type, product type, technology, disease type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Dried Blood Spot Test
- Hearing Screen Test
- Critical Congenital Heart Diseases (CCHD) Test
- Assay Kits
- Tandem Mass Spectrometry
- Hearing Screen Technology
- Pulse Oximetry Screening Technology
- Immunoassays and Enzymatic Assays
- DNA-Based Assays
- Critical Congenital Heart Diseases
- Newborn Hearing Loss
- Sickle Cell Disease
- Phenylketonuria (PKU)
- Cystic Fibrosis (CF)
- Maple Syrup Urine Disease
- Paediatric Clinics
Newborn Screening Market, By Region:
Global Newborn Screening market is analyzed and market size insights and trends are provided by country, product as referenced above.
The countries covered in the Newborn Screening market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the Newborn Screening market because of the rise in the cases of arrhythmic diseases, favorable reimbursement policies for patients, high demand for advanced treatment methods and developed healthcare infrastructure in the region. Asia-Pacific is estimated to grow in the forecast period due to the high prevalence of cardiovascular diseases, increase in adoption of advanced digital devices, large population and launch of new innovative products.
The research provides answers to the following key questions:
What is the estimated growth rate of the market for the forecast period 2022–2029? What will be the market size during the estimated period? What are the key driving forces responsible for shaping the fate of the Energy Harvesting System market during the forecast period? Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Energy Harvesting System market? What are the prominent market trends influencing the development of the Energy Harvesting System market across different regions? What are the major threats and challenges likely to act as a barrier in the growth of the Energy Harvesting System market? What are the major opportunities the market leaders can rely on to gain success and profitability?
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Newborn Screening Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Growing Burden Of Disorders and Conditions that Require New-born Screening
The growing neonatal population base along with the rising cases of congenital diseases in newborns is the most significant factor driving the growth for this market. Moreover, various conditions requiring screening are also expected to accelerate the market’s overall growth.
Furthermore, the increasing awareness and rising demand for newborn diagnoses are also expected to fuel market growth. Moreover, the benefits of newborn screening as it can detect various disorders such as phenylketonuria, congenital hypothyroidism, galactosemia, sickle cell disease, tyrosinemia, among others, also cushions the market’s growth within the forecasted period. The numerous benefits of the newborn screening test are also projected to bolster the growth of the market.
- Favourable Programs and Advancements To Generate Opportunities
Moreover, favorable government programs and legislations and technological advancements are estimated to generate lucrative opportunities for the market. The launch of improved performance instruments of mass spectroscopy and oximeters will further offer numerous growth opportunities for the market.
Table of Contents –
1.1 Objectives of the Study
1.2 Market Definition
1.3 Overview of Global Newborn Screening Market
1.4 Currency and Pricing
1.6 Markets Covered
2 Market Segmentation
2.1 Markets Covered
2.2 Geographical Scope
2.3 Years Considered For the Study
2.4 DBMR Tripod Data Validation Model
2.5 Primary Interviews with Key Opinion Leaders
2.6 Multivariate Modelling
2.7 Type Lifeline Curve
2.8 DBMR Market Position Grid
2.9 Vendor Share Analysis
2.1 Market End User Coverage Grid
2.11 Secondary Sources
3 Executive Summary
4 Premium Insight
5 Global Newborn Screening Market: Regulations
6 Global Newborn Screening Market: Pipeline Analysis
7 Market Overview
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