Newborn Screening Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Newborn Screening Market by region.
The global newborn screening market size was US$ 0.83 billion in 2020. The global newborn screening market is forecast to reach US$ 1.8 billion by 2030 by growing at a compound annual growth rate of 7.8% during the forecast period from 2021-2030.
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Newborn screening is a method of identifying symptoms that may affect a child’s health in the long run. Newborn screening technology is used to perform several tests necessary for early detection, diagnosis of a child’s health. These tests are carried out to acknowledge genetic, developmental, and metabolic problems in newborn babies.
Factor Influencing
The global newborn screening market is expanding rapidly. As the birth rate is growing, the demand for newborn screening technologies is growing as well.
The growth of the newborn screening market would be propelled by beneficial technological advancements throughout the globe. In 2019, Demant A/S (Denmark) introduced a hearing screening system, easy screen BERAphone, at the 64th International Congress of Hearing Aid Acousticians in Nuremberg, Germany. Thus, such advancements may fuel market growth in the coming years.Several governments throughout the world are investing in newborn screening facilities and adopting a number of efforts to improve public knowledge about newborn screening and its advantages. Moreover, several non-profit and government organizations are attempting to improve both the baby’s and the mother’s well-being. The government is also relaxing restrictions on the manufacture and sale of newborn screening equipment, allowing businesses to develop more diversified systems. Thus, government initiatives would propel market growth in the coming years.
The lack of proper healthcare facilities and infrastructure is creating a significant challenge to the industry’s expansion.
COVID-19 Impact Analysis
The newborn screening market witnessed a slight impact during the pandemic. It is due to legislation regarding child’s safety in various countries. However, strict laws to monitor newborn health and protect babies from disorders like COVID-19 helped the newborn screening market to grow. Many government institutions and screening laboratories educate parents about their children’s health.
COVID-19 caused an abrupt effect on the market players such as Natus (US), PerkinElmer (US), and Masimo (US). The companies had to halt production and distribution for some time. However, operations restarted again as the governments started lifting lockdowns.
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Regional Analysis
The Asia Pacific market for newborn screening is predicted to grow at a rapid rate during the forecast period. Factors such as the growing population and rising prevalence of illnesses drive the growth of the regional market. Moreover, growing awareness regarding early disease diagnosis and the expansion of important competitors are the other major factor driving the market growth.
Market Segmentation
By Test Type
Dry Blood Spot Test
Hearing Screen Test
Critical Congenital Heart Diseases (CCHD) TEST
By Technology
Tandem Mass Spectrometry (TMS)
Electrophoresis
Immunoassays and Enzymatic Assays
DNA-Based Assays
Hearing Screen Technology
Pulse Oximetry Screening Technology
By Product Type
Newborn Disorder Screening Instruments
Newborn Hearing Screening Instruments
Hearing Screening Devices
Hearing Screening Accessories
Pulse Oximeters
Reagents and Assay Kits
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Competitors in the Market
Ab Sciex LLC (a subsidiary of Danaher Corporation)
Perkinelmer, Inc.
Waters Corporation
Natus Medical Incorporated
Masimo Corporation
Agilent Technologies Inc.
Bio-Rad Laboratories Inc.
Covidien Plc
Ge Healthcare (a subsidiary of General Electric Company)
Trivitron Healthcare
Other prominent players
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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