Categories: Healthcare

Prenatal Testing & Newborn Screening Market Commodities, High Growth Opportunities, Segmentation, Market Trends By 2024-2033|PerkinElmer Inc., Laboratory Corporation of America Holdings (LabCorp), Natera Inc., Invitae Corporation, Centogene AG

The Prenatal Testing & Newborn Screening Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Prenatal Testing & Newborn Screening Global Market Report 2024, The prenatal testing & newborn screening market size has grown rapidly in recent years. It will grow from $5.52 billion in 2023 to $6.2 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to advancements in genetic testing, increased maternal age, awareness and education, healthcare policy and regulations.

The prenatal testing & newborn screening market size is expected to see rapid growth in the next few years. It will grow to $9.76 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to genetic counseling, technological advancements, point-of-care testing, telehealth and remote monitoring. Major trends in the forecast period include non-invasive prenatal testing (nipt), preimplantation genetic testing (pgt), telemedicine consultations, maternal blood testing, hemoglobinopathies and sickle cell screening.

The high prevalence of genetic diseases in infants contributed to the growth of the prenatal testing & newborn screening market. According to the World Health Organization, genetic disease includes diseases such as Thalassemia, Sickle Cell Anaemia, Haemophilia, Cystic Fibrosis, Tay Sachs disease, Fragile X Syndrome, Huntington’s disease. The sickle cell anaemia is one of the genetic diseases that affects millions throughout the world, and the disease is particularly common among people whose ancestors are from Africa, America, Cuba, Central America, Saudi Arabia, and India. For instance, in November 2021, according to the National Center for Biotechnology Information, a US-based medical organization, genetic illnesses were detected in 9.4% of pediatric patients, and among these patients, 44.7% were critically ill newborns. The high prevalence of genetic diseases in infants boosted the demand for growth of the prenatal testing and newborn screening market.

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The prenatal testing & newborn screening market covered in this report is segmented –

1) By Diagnostic Type: Non-Invasive; Invasive

2) By Technology: Screening Technology; Diagnostic Technology

3) By End user: Hospitals; Diagnostic centers

The prenatal testing & newborn screening market report table of contents includes:

Executive Summary
Prenatal Testing and Newborn Screening Market Characteristics
Prenatal Testing and Newborn Screening Market Trends And Strategies
Prenatal Testing and Newborn Screening Market – Macro Economic Scenario
Global Prenatal Testing and Newborn Screening Market Size and Growth

Prenatal Testing and Newborn Screening Market Competitive Landscape And Company Profiles
Global Prenatal Testing and Newborn Screening Market Competitive Benchmarking
Global Prenatal Testing and Newborn Screening Market Competitive Dashboard
Key Mergers And Acquisitions In The Prenatal Testing and Newborn Screening Market
Prenatal Testing and Newborn Screening Market Future Outlook and Potential Analysis

Top Major Players