The report provides detailed insights into Prenatal Testing and Newborn Screening market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Prenatal Testing and Newborn Screening market size over the forecast period, 2020–2028. The prenatal testing and newborn screening market is observing high demand attributed to its increasing application in detecting fetal chromosome defects. The report includes profiles of major Prenatal Testing and Newborn Screening players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Also included are details regarding top Prenatal Testing and Newborn Screening market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies. Associated fetal chromosomal anomalies typically include the benefit or lack of genetic material that can differ from small segments to small segments of chromosomes to entire chromosomes.
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The increasing popularity among pregnant women as an alternative to amniocentesis and awareness of genetic problems in the fetus and newborn babies drives prenatal testing and newborn screening market. Global Prenatal Testing and Newborn Screening market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Prenatal Testing and Newborn Screening market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Prenatal Testing and Newborn Screening market. Prenatal testing is considered superior to other screening modalities, particularly for trisomy 21 (one of the most prevalent congenital anomalies). In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Prenatal Testing and Newborn Screening market share contribution of these countries. In addition, Prenatal Testing and Newborn Screening market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries. Prenatal testing enables individuals to make informed decisions as to whether diagnostic testing should be carried out.
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Region wise performance of the Prenatal Testing and Newborn Screening industry
Asia Pacific Prenatal Testing and Newborn Screening market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Prenatal Testing and Newborn Screening market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Prenatal Testing and Newborn Screening market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.
North America Prenatal Testing and Newborn Screening market revenue growth was relatively higher than that of other regional markets in 2020. North America Prenatal Testing and Newborn Screening market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.
Europe Prenatal Testing and Newborn Screening market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
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Key Highlights From The Report
- 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.
- 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 research provides answers to the following key questions:
- What will be the growth rate and the market size of the Prenatal Testing and Newborn Screening industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Prenatal Testing and Newborn Screening market across different regions?
- Who are the major driving forces expected to decide the fate of the Prenatal Testing and Newborn Screening industry worldwide?
- Who are the prominent market players making a mark in the Prenatal Testing and Newborn Screening market with their winning strategies?
- Which Prenatal Testing and Newborn Screening industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Prenatal Testing and Newborn Screening market?
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Table of Content
Chapter 1. Methodology Sources
1.1. Prenatal Testing and Newborn Screening Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Prenatal Testing and Newborn Screening Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
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