DUBLIN, Jan. 16, 2024 /PRNewswire/ — The “Newborn Screening Market by Product Technology Application End User – Global Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global newborn screening market is projected to reach $2.49 billion by 2030, at a CAGR of 7.9% from 2023 to 2030.
Following a comprehensive primary and secondary study and an in-depth analysis of the market scenario, this report provides the key drivers, constraints, challenges, and opportunities of the industry. This market is driven by the rising prevalence of congenital heart diseases and genetic disorders, the increasing neonatal population, and the rising awareness regarding newborn screening.
Furthermore, emerging economies and government programs & legislation promoting newborn screening provide a significant growth opportunity for this market. However, the shortage of healthcare professionals and the emergence of non-invasive prenatal screening technologies may restrain the growth of this market. Additionally, ethical concerns related to newborn screening and the high costs of genomic newborn testing pose a major challenge for the players operating in this market.
Among products, in 2023, the consumables segment is expected to account for the largest share of the newborn screening market. The large market share of this segment is attributed to the increased demand for consumables for newborn screening, repeat purchases of consumables for newborn screening and the availability of advanced kits.
Among technologies, in 2023, the tandem mass spectrometry segment is expected to account for the largest share of the newborn screening market. The increasing prevalence of genetic disorders, cost-effectiveness, high applicability, short turnaround time, ability to screen multiple diseases simultaneously, and technological advancements are expected to boost the growth of this segment.
Among applications, in 2023, the inherited disorders segment is expected to account for the largest share of the newborn screening market. The large market share of this segment is attributed to factors such as the high prevalence of inherited disorders among newborns, variations and mutations in the genes, inherited gene defects, and abnormality in genetic composition.
Among end users, in 2023, the hospitals segment is expected to account for the largest share of the newborn screening market. The large market share of this segment is attributed to factors such as the high preference for hospitals as childbirth facilities, the growing newborn population, continuous improvements in healthcare infrastructure, utilization of advanced techniques, and the availability of skilled professionals.
In 2023, North America is expected to account for the largest share of the global newborn screening market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest-growing region of the global newborn screening market.
Market Insights
Industry & Technology Trends
Shift from Traditional Newborn Screening to Advanced Technologies
Laws and Initiatives Supporting Newborn Screening Across Countries
Regulatory Analysis
Overview
U.S.
Canada
Europe
Asia-Pacific
China
Japan
India
Latin America
Middle East
Pricing Analysis
Porter’s Five Forces Analysis
Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
Thermo Fisher Scientific Inc. (U.S.)
ARCHIMED Group (France)
PerkinElmer Inc. (U.S.)
Medtronic plc (Ireland)
Trivitron Healthcare Pvt Ltd. (India)
Bio-Rad Laboratories Inc. (U.S.)
Demant A/S (Denmark)
Baebies Inc. (U.S.)
ZenTech s.a. (Belgium)
F. Hoffmann-La Roche AG (Switzerland)
Scope of the Report:
Newborn Screening Market Assessment-by Product
Instruments
Consumables
Newborn Screening Market Assessment-by Technology
Immune Assays & Enzymatic Assays
Tandem Mass Spectrometry
Molecular Assays
Hearing Screening Technologies
Pulse Oximetry
Other Technologies
Newborn Screening Market Assessment-by Application
Congenital Heart Disease
Inherited Disorders
Metabolic Disorders
Endocrine Disorders
Hemoglobin Disorders
Other Inherited Disorders
Infectious diseases
Hearing Disorders
Other Applications
Newborn Screening Market Assessment-by End User
Hospitals
Reference Laboratories
Newborn Screening Market Assessment-by Geography
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific (APAC)
China
Japan
India
Rest of APAC (RoAPAC)
Latin America
Brazil
Mexico
Rest of Latin America (RoLATM)
Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/8uiu0c
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