Newborn Screening Market to witness Impressive Global Growth in Production-Consumption Ratio through 2025

The “Global Newborn Screening Market Analysis to 2025” is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global newborn screening market with detailed market segmentation by product, test type, technology and geography. The global newborn screening market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

On the basis of product, the market is segmented into reagents & assay kits and instruments. The instruments segment is further segmented into newborn disorder screening instruments, pulse oximeters and newborn hearing screening instruments. The test type segment for newborn screening market is classified as dry blood spot test, hearing screen test and critical congenital heart diseases (CCHD) test. The technology segment is classified as electrophoresis, immunoassays & enzymatic assays, tandem mass spectrometry (TMS), DNA-based assays, pulse oximetry screening technology and hearing screen technology. Based on end user, the newborn screening market is classified as hospitals, diagnostic centers and others.

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Newborn screening is the testing for newborn who act like normal but have a serious medical condition. Newborn screening is performed to test certain harmful or potentially fatal disorders that are not apparent at the time of birth. These testing practices include blood test, hearing screening, pulse oximetry and others. These screening tests enable health professionals to identify and treat certain conditions which help an infant to grow up healthy with normal development.

The growth of the global newborn screening market can be attributed to factors such as increase in number of congenital disease cases in newborns, growing government initiatives to increasing awareness regarding neonatal hereditary diseases and rising demand for early disease detection tests across the globe. Moreover, increase in number of neonatal diseases such as newborn hearing loss, congenital hypothyroidism and growing number of newborn screening programs worldwide are likely to add novel opportunities for the global newborn screening market over the forecast period.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global newborn screening market based on product, test type, technology and end user. It also provides market size and forecast till 2025 for overall newborn screening market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.

North America attributes to the largest share for newborn screening market. This largest market share can be contributed by the factors such as rising neonatal population, introduction of new test methods and increasing government initiatives to promote newborn screening across the globe. However, the Asia-Pacific region is anticipated to show a significant growth rate over the next few years in the global newborn screening market due to rising government funding and initiatives and increasing healthcare expenditure in the region.

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The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

The report also includes the profiles of key newborn screening manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are General Electric Company, PerkinElmer Inc., Sciex, Trivitron Healthcare, Waters, Bio-Rad Laboratories, Inc., Agilent Technologies, Masimo, Natus Medical Incorporated, Zentech S.A. among others.

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Posted by on Friday July 13 2018, 2:15 PM EDT. All trademarks acknowledged. Filed under Medical Devices. Comments and Trackbacks are open. Follow responses: RSS 2.0

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