The latest study on the Newborn Screening Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 – 2032 . The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.The report considers 2017-2018 as historical years, 2019 as the base year, and 2020- 2032 as the forecast timeline. The report offers strategic recommendations to the key stakeholders and investors to help them ascertain maximum returns on their investments and formulate new strategic business plans.
The Global Newborn Screening Market is forecasted to reach USD 2.27 Billion by 2027, according to a new report by Emergen Research. Newborn screening tests in infants check for developmental, metabolic, and genetic abnormalities. Newborn screening includes more than 30 illnesses and conditions. Additionally, various governmental and non-profit agencies are primarily focusing on providing quality fetal and maternal care. Besides, the industry is expected to experience a boost in demand due to the involvement of federal bodies involved in coordinating awareness and quality control programs to imbibe confidence and low the number of deaths caused by negligence and non-screening.
The Newborn Screening Market plays a critical role in early detection and prevention of congenital disorders and genetic diseases in newborns. Newborn screening involves testing infants shortly after birth to identify conditions that may affect their long-term health. These screenings typically include tests for metabolic, genetic, and congenital disorders, aiming to facilitate early intervention and treatment to improve outcomes and reduce morbidity and mortality rates.
Drivers of Newborn Screening Market
Several factors drive the growth of the Newborn Screening Market. Firstly, the increasing prevalence of genetic disorders and congenital diseases worldwide underscores the importance of early detection through newborn screening programs. Advances in medical technology and genetic testing methodologies have expanded the scope of newborn screening, enabling the detection of a broader range of conditions with higher accuracy and specificity. Additionally, growing awareness among healthcare providers and parents about the benefits of early diagnosis and intervention fuels the demand for newborn screening services. Moreover, government initiatives and mandates requiring universal newborn screening in many countries drive market growth by ensuring widespread adoption and coverage.
Major Companies and Competitive Landscape
The Newborn Screening Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
Bio-Rad Laboratories Inc., Agilent Technologies Inc., Trivitron Healthcare, Natus Medical Inc., PerkinElmer Inc., AB Sciex LLC, Covidien Plc, Masimo Corp., GE Healthcare, and Waters Corp., among others.
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Key inclusions of the Newborn Screening Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Newborn Screening Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Newborn Screening Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Newborn Screening Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Newborn Screening Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Newborn Screening Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global Newborn Screening Market on the basis of Technology, Product, Application, and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
Product Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Analysis of the Newborn Screening Market :
Key Objectives of the Report:
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About Emergen Research
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