Technical advancements, government funding, and increasing number of newborn diseases are driving the market.
VANCOUVER, BC, CANADA, March 7, 2022 /EINPresswire.com/ — The global newborn screening market is expected to reach USD 2.27 billion by 2027, according to a new report from Emergen Research. Newborn screening tests in infants check for developmental, metabolic, and genetic abnormalities. Newborn screening includes more than 30 diseases and conditions. Additionally, various government and non-profit agencies focus primarily on providing quality fetal and maternal care.
The report studies historical market data of Newborn Screening market and offers valuable insights into key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast industry estimate of the Newborn Screening market based on recent technological advancements and research. It also offers valuable data to help investors formulate strategic business investment plans and capitalize on emerging growth prospects in the Newborn Screening market market.
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The Global Market Study of Newborn Screening Market is the latest report covering the impact analysis of the COVID-19 pandemic currently underway. The pandemic has directly affected the market by causing disruptions in global supply chains and indirectly by causing financial hardship. The Newborn Screening Market market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed overview of how the pandemic has affected key industry segments of the Newborn Screening Market. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Newborn Screening Market industry.
Global newborn screening market size – USD 1.03 billion in 2019, market growth – CAGR of 10.3%, market trends – high demand from developing countries.
The Global Newborn Screening Market report provides comprehensive company data coverage, including details of their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and their distribution channel, their financial situation and their market position. The report also studies the business strategies and strategic alliances undertaken by the companies to gain a firm footing in the market. The report sheds light on mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, as well as corporate and government agreements. The comprehensive competitive landscape analysis provides readers with a deeper understanding of competitors.
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The report further offers a comprehensive analysis of the value chain along with an analysis of downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro and microeconomic factors. The report also provides an in-depth analysis of the segment and sub-segments that are expected to dominate the market during the projected period. The report offers a forecast estimate of the market with respect to market segmentation analysis including product type, end-user industries, application spectrum, and other segments.
Leading market competitors of the Newborn Screening market profiled in the report include:
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.
For the purposes of this report, Emergen Research has segmented the global newborn screening market market based on technology, product, application, and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
Tandem mass spectrometry
Product Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Dry blood spot test
Critical Congenital Heart Disease (CCHD)
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Regional Market Analysis of Newborn Screening Market:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
The market research report of the Newborn Screening Market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. Relevant data is then validated and verified by industry professionals. The report endeavors to offer deeper insights into the overall market scenario of the Newborn Screening Market business sphere.
Key report objectives:
Based on the technology, Electrophoresis generated a revenue of USD 0.15 billion in 2019 and is expected to increase with a CAGR of 11.1% during the forecast period owing to the growing demand and new detection techniques that help recognize amino acids, carnitine conjugates, and other compounds.
Testing Kits is expected to grow with a CAGR of 10.4% over the forecast period owing to its wide variety of classes such as Enzyme Testing Kits, DNA Testing Kits, immunoassay kits and others whose immunoassay is an oriented process used in screening.
The dry blood drop test application is the major contributor to the newborn screening market. The North America region dry blood drop test application is the largest market shareholder and held around 43.1% of the market in 2019.
North America led the market with a share of 34.7% in 2019 owing to its adoption of cost-effective and innovative procedures.
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