Latest Study on “Newborn Screening Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030”.
The global Newborn Screening market size is expected to be worth around US$ 3.5 Billion by 2030, according to a new report by nova one advisor.
The global Newborn Screening market size was valued at US$ 943 Million in 2020 and is anticipated to grow at a CAGR of 11.2% during forecast period 2021 to 2030.
The Newborn Screening market report includes specific segments by region, by key players, by type and by application. This study offers information about the production, sales and revenue during the historic and forecasted period of 2016 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
NOTE: COVID-19 has had a major impact on the world economy in addition to that on the public health. This particular pandemic had caused severe economic destruction and not a single country has been left unaffected. The virus has forced businesses around the globe to change the way they operate. This report gives an analysis of the COVID-19 aftermath on Newborn Screening market.
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A recent report provides crucial insights along with application based and forecast information in the Global Newborn Screening Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Newborn Screening market.
With increasing cases of obesity all over the globe, a need for conducting an in-depth study about this healthcare issue led to the development of this report. Increasing binge eating and consumption of junk foods, neglect towards regular exercise, rising levels of stress, are key market drivers. The report discusses more information about these subjects, with a focus on the rising need for Newborn Screening.
A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. With healthcare being a sensitive topic, a separate analysis is included that discusses the widespread continuing obesity all over the globe consequently increasing demand for surgical devices.
Newborn screening is a preventive pediatric screening test conducted to diagnose congenital or inborn abnormalities of metabolism in order to identify the disease. Newborn screening helps in the early detection of serious genetic diseases, which may result in disability or death if not treated at the initial stage. Different types of instrument and assay kits are used in the diagnosis of newborn disorders. Hearing screening devices and pulse oximeter are regularly used in the diagnosis of newborn disorders.
The growth of the global newborn screening market can be ascribed to the rise in prevalence of critical congenital heart defects and government support. The U.S. has a national program of newborn screening tests to check for several different disorders that can be treated, if found very early in life.
North America dominated the global newborn screening market in 2020. This trend is anticipated to continue during the forecast period. Highly structured healthcare industry, early new product adoption, high prevalence rate of critical congenital heart diseases, and presence of major players are expected to drive the newborn screening market in North America. Asia Pacific is anticipated to be a highly lucrative region of the global newborn screening market during the forecast period. The market in the region is projected to expand at a high CAGR during the forecast period.
Newborn screening entails the screening of newborns in the first days of their lives for inborn errors of metabolism and certain disorders that can hinder their normal development
These disorders are not apparent at the time of baby’s birth, but have the potential to cause permanent neurological, cognitive, tactile, and physical damage to the child. Early detection of such diseases enables initiation of suitable intervention to prevent permanent health issues for the child.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Newborn Screening market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Newborn Screening market reported in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Newborn Screening market report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
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Opportunity: Emerging Markets
India, China, and Brazil provide significant opportunities to players in this market due to their high birth rates and increasing disposable income. According to the UN Children’s Fund, India records 25 million births every year, or nearly one-fifth of the global annual childbirths. The high birth rate and the availability of newborn screening in public hospitals indicates a strong demand for market products and consumables.
On the other hand, China has achieved great progress in newborn screening during the past 35 years. Moreover, by 2017, the overall uptake rate for CH and PKU screening crossed 96%. Also, each year, nearly 17 million infants undergo screening for CH and PKU. Currently, CH/PKU and hearing loss are included as national screening programs, mandatory for all newborns in China. By 2017, more than 150 NBS labs in China offered screening programs for CAH and G6PD. There are also ~100 NBS labs screening for IMDs by using tandem mass spectrometry technology. The strong newborn screening infrastructure in China indicates the potential for market growth.
Product and Test Insights
Dry blood spot tests dominated the overall newborn screening market accounting for over 45.0% of revenue. The collection of blood from newborn’s heel within 24-48 hours of birth on the screening card for diagnosis of over 50 conditions is termed as a heel stick or dried blood spot test (DBS). These screening cards are labeled using unique codes and contain no additional identity information. Autisms, Lymphomas, and leukemia, and many other metabolic conditions can be diagnosed through this test. The card used for testing is provided free in North America as a plan to promote higher procedure volume.
Highlights of the Report:
In-depth analysis of various insights, namely, Newborn Screening Market trends, growth drivers, opportunities, and other related challenges.
Comprehensive details of key market players, their core competencies, and Newborn Screening Market share.
The potency of suppliers and buyers to make better business decisions.
Lists out the market size in terms of volume.
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share.Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Newborn Screening Market are:
The global market include PerkinElmer, Inc., Trivitron Healthcare, Natus Medical Incorporated, Medtronic Plc, Thermo Fisher Scientific, Inc, Bio-Rad Laboratories, Inc., GE Healthcare (General Electric Company), ZenTech S.A., MP BIOMEDICALS, Baebies, Inc. and Masimo.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects includingproduct type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2030 and covers subsequent region in its scope:
Global Newborn Screening Market: Segmentation
- Newborn Screening Market, by Product
- Point-of-care Testing
- Assay Kits
- Newborn Screening Market, by Test Type
- Dry Blood Spot Test
- Hearing Screen Test
- Critical Congenital Heart Disease (CCHD) Test
- X-Ray or CT Scan
- Electrocardiogram (ECG) Test
- Others (Phototherapy Eye Examination, etc.)
- Newborn Screening Market, by End User
- Diagnostic Centers
- Maternity & Specialty Clinics
- By Regional Outlook
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2030 and covers following region in its scope:
- North America
- United States
- United Kingdom
- Rest of EU
- Asia Pacific
- Southeast Asia
- Rest of APAC
- Central & South America
- Rest of Central & South America
- Middle East and Africa
- Saudi Arabia
- Rest of MEA
Reasons to Purchase this Report:
– Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
– Provision of market value (USD Billion) data for each segment and sub-segment
– Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
– Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
– Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
– Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
– The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
– Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
– Provides insight into the market through Value Chain
– Market dynamics scenario, along with growth opportunities of the market in the years to come
Table of Contents
Global Newborn Screening Market Research Report 2021 – 2030
Chapter 1Newborn ScreeningMarket Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Newborn Screening Market Forecast
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