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. New treatments such as enzyme replacement therapy, hematopoietic stem cell transplant, gene therapy, and novel therapeutic drugs have allowed the inclusion of autoimmune disorders as possible candidates in NBS programs.
The advent of modern and innovative screening technologies, and subsequent drug approvals, is expected to have a positive effect on the Newborn screening industry. Also, the growing prevalence of congenital cardiac diseases and genetic disorders among Newborns is expected to propel the Newborn screening market. While the lack of parental awareness about neonatal screening, limited availability of qualified practitioners, and lack of accuracy in some of the tests are the key factors that can hinder the development of the Newborn screening market.
The global Newborn Screening market is anticipated to amass a staggering revenue over the forecast years. The report is an extensive compilation of intelligent market research studies that are bound to help companies and stakeholders make informed business decisions in the long run. The report further focuses on the strategic initiatives and business expansion plans undertaken by the key players participating in the Newborn Screening industry. An assessment of the effective strategies used by these players, such as mergers & acquisitions, joint ventures, partnerships and collaborations, government & corporate deals, brand promotions, and new product launches, has been entailed in the report. The latest research holds great significance as it helps readers gain deeper insights into the competitive landscape of the market and its future scenarios. It is likely to provide the report’s buyers with access to some of the most sought-after analytical tools like PESTLE and SWOT analysis. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.
To get a sample copy of the latest report, visit @ https://www.emergenresearch.com/request-sample/4
Competitive Scenario
The competitive landscape and company profiles included in the report underscore the major players participating in the global Newborn Screening market and strategic initiatives undertaken by them for business expansion. The company profiles include information assessed by employing analytical tools like SWOT analysis of established and emerging players. A detailed supply chain and value chain analysis have also been entailed in the report, with a broad analysis of the market’s vendor landscape.
Leading Players Profiled in the 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.
Market Segmentation:
For imparting a deeper understanding of the Newborn Screening market, the market is further segmented into product types and applications. The report also offers projections for the market segment expected to garner traction during the forecast period.
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)
Tandem Mass Spectrometry
Pulse Oximetry
Enzyme Based Assay
DNA Assay
Electrophoresis
Others
Product Outlook (Revenue, USD Billion; 2017-2027)
Instruments
Reagents
Assay Kits
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Dry Blood Spot Test
Critical Congenital Heart Disease (CCHD)
Hearing Screen
Others
Request a discount on the report @ https://www.emergenresearch.com/request-discount/4
Key Features of the Global Newborn Screening Market:
The report offers a deep insight into the market with expert data insights from the industry experts and analysts
Dedicated focus on market growth and restraining factors
Thorough analysis of the market segments includes product types, application spectrum, technology, end-user, and other key segments
SWOT and Porter’s Five Forces analysis along with feasibility analysis and venture return analysis
Current and emerging market trends and growth prospects
A detailed market forecast spanning 8 years from 2020 to 2027
Regional Analysis
The regional analysis of the Newborn Screening market mainly focuses on the key regions and regional market in North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. It evaluates the presence of the global Newborn Screening market in the major regions with regards to market share, market size, revenue contribution, sales network, and distribution channel, and other key elements. Furthermore, the regions are also studied to understand the operations of the key players located in the region.
Some Key Highlights from the Report
Based on the technology, electrophoresis generated a revenue of USD 0.15 billion in 2019 and is predicted to rise with a CAGR of 11.1% in the forecast period owing to the increasing demand and new detection techniques that assist in recognition of amino acids, carnitine conjugates, and other compounds.
The assay kits are expected to grow with a CAGR of 10.4% in the forecasted period, attributable to its wide variety of classes such as enzymatic assay kits, DNA assay kits, immunoassay kits, and others of which immunoassay is a process-oriented used in the screening.
The dry blood spot test application is the major contributor to the Newborn Screening Market. The dry blood spot test application of the North America region is the major shareholder of the market and held around 43.1% of the market in the year 2019.
North America dominated the market with a share of 34.7% in 2019 due to its adoption of cost-effective and innovative procedures.
In conclusion, the report provides a qualitative and quantitative analysis of the Global Newborn Screening market, including the global and regional analysis of the market. The study covers critical information and factual data about the Newborn Screening industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Newborn Screening market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Newborn Screening industry.
To receive a customized copy of the report, click on the link here @ https://www.emergenresearch.com/request-for-customization/4
Thank you for reading our report. For further inquiries about the customization of the report or to know more details about it, please connect with us. Our team will make sure your report is designed as per your needs.
Take a Look at our Related Reports:
Plant-Based Food & Beverage Alternatives Market
Fermented Food and Ingredients Market
Autonomous Delivery Vehicles Market
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting
Read Press Release@ https://www.emergenresearch.com/press-release/global-newborn-screening-market
Latest Report| Ceramic Fiber Market Industrial Fabric Market
Trending Title Aerospace Materials Market Green Hydrogen Market