The most recent study conducted by Report Ocean, titled “Global Non Invasive Prenatal Testing (NIPT) Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Non Invasive Prenatal Testing (NIPT). The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Non-invasive Prenatal Testing (NIPT) Market Size study, By Product (Products, Consumables, Assay Kits & Reagents, Disposables, Instruments, Other Instruments), By Method (Ultrasound Detection, Biochemical Screening Tests, Cell-free DNA in Maternal Plasma Tests), By Application (Trisomy, Microdeletion Syndrome, Other Applications), By End User (Diagnostic Laboratories, Hospitals), and Regional Forecasts 2022-2028Global Non-invasive Prenatal Testing (NIPT) Market is valued approximately USD 5.03 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 13.5% over the forecast period 2022-2028.
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The non-invasive prenatal testing (NIPT) is a procedure that is performed for determining the risk for the fetus being born with several chromosomal abnormalities, like Trisomy 13, Trisomy 18, and Trisomy 21. This testing contemplates and analyzes minor DNA fragments, which flow and circulates in the pregnant woman’s blood. The growing prevalence of chromosomal disorders owing to late pregnancies incidences, rising inclination towards non-invasive techniques over invasive methods, and availability of favorable reimbursement policies are the primary factors for the market growth across the globe.
As per the Centers for Disease Control and Prevention 2019, in the United States birth defects impact one in every 33 babies, more than 3% of all babies each year. Moreover, according to the Down’s syndrome Education (DSE) International, the occurrence of Down’s syndrome ranges from 1 in 400 to 1 in 1,500 babies born in diverse nations. It also elaborates that approximately 220,000 babies are born with Down’s syndrome worldwide each year. In addition, an increasing number of awareness programs regarding the availability of NIPT, the surging adoption of next-generation sequencing, coupled with the introduction of a novel product are further stimulating the market demand worldwide.
For instance, in August 2019, Axia Women’s Health declares the introduction of non-invasive prenatal testing (NIPT) in a US-obstetrician-gynecologist physician-owned laboratory. However, the imposition of stringent regulations and ethical concerns, and the unavailability of skilled professionals impedes the growth of the market over the forecast period of 2022-2028. Also, growing awareness regarding non-invasive prenatal testing and untapped market potential in emerging economies is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Non-invasive Prenatal Testing (NIPT) Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the introduction of the rising number of awareness conferences & programs, increasing spending on R&D activities, and availability of advanced healthcare infrastructure. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as increasing responsiveness for the NIPT, as well as the growing focus of leading market players on strengthening their presence in APAC, would create lucrative growth prospects for the Non-invasive Prenatal Testing (NIPT) Market across the Asia-Pacific region.
Major market players included in this report are:
Illumina, Inc.
Thermo Fisher Scientific Inc.
GE Healthcare Company
BGI Group
Agilent Technologies, Inc.
F. Hoffmann-La Roche Ltd.
PerkinElmer Inc.
Laboratory Corporation of America Holdings
Natera, Inc.
Yourgene Health Plc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Products
Consumables
Assay Kits & Reagents
Disposables
Instruments
Other Instruments
By Method:
Ultrasound Detection
Biochemical Screening Tests
Cell-free DNA in Maternal Plasma Tests
By Application:
Trisomy
Microdeletion Syndrome
Other Applications
By End User:
Diagnostic Laboratories
Hospitals
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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