IMARC Group, a leading market research company, has recently released a report titled “Newborn Screening Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global newborn screening market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Newborn Screening Industry?
According to the report, The global newborn screening market size reached US$ 956 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,467 Million by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
What is Newborn Screening?
Newborn screening encompasses a range of laboratory processes and point-of-care (POC) examinations aimed at early detection, diagnosis, and intervention of genetic, metabolic, blood, or hormone-related disorders that may not be immediately evident after birth. Its primary objective is to identify diseases that can lead to significant morbidity, mortality, and intellectual disability (ID) at an early stage, allowing quick initiation of treatment before the onset of symptoms. It covers various diseases, including galactosemia, phenylketonuria (PKU), homocystinuria, hearing loss, sickle cell disease (SCD), biotinidase deficiency, maple syrup urine disease, congenital adrenal hyperplasia, medium-chain acyl-CoA dehydrogenase (MCAD) deficiency. It involves collecting a small blood sample from the baby’s heel for a simple blood test. This blood sample is then analyzed to screen for various conditions, including metabolic, endocrine, and blood disorders such as phenylketonuria (PKU), cystic fibrosis, and sickle cell anemia. If the newborn screening test indicates the presence of a genetic disorder, further confirmatory testing is performed to establish a definitive diagnosis. It enables the baby to receive appropriate treatment and follow-up care accordingly. At present, healthcare organizations across the globe are adopting advanced testing methods, such as tandem mass spectrometry (MS/MS), to identify disorders linked to protein and fatty acid metabolism through blood samples.
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What are the growth prospects and trends in the newborn screening industry?
The global newborn screening market is primarily driven by the increasing concerns of parents, especially new parents, regarding children’s health. Moreover, the rising awareness about the importance of early detection and diagnosis due to the surging prevalence of congenital conditions among infants, leading to prompt medical intervention and treatment, is positively influencing the market growth. Apart from this, the rapid expansion of disorders that can be screened owing to the advancements in medical technology and genetic testing is propelling market growth. Additionally, governments of numerous countries are planning to implement mandatory newborn screening programs due to the rising rates of child morbidity and mortality. In line with this, the widespread adoption of newborn screening programs by healthcare organizations has catalyzed market growth. Besides this, ongoing product innovations, such as the introduction of next-generation sequencing and tandem mass spectrometry with improved accuracy and speed, have accelerated the product adoption rate. Furthermore, the easy availability of direct-to-consumer genetic testing and the increasing focus on personalized medicine are contributing to market growth by enabling tailored treatments based on individual genetic profiles. Apart from this, the rising strategic partnerships among key players to ensure product sustainability is another major growth-inducing factor. Other factors, including ongoing research and development (R&D) activities, increasing healthcare expenditure, rapid digitization, widespread access to high-speed internet, and online health communities, are also anticipated to create a favorable market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Instruments
- Reagents
Breakup by Technology:
- Tandem Mass Spectrometry
- Pulse Oximetry
- Enzyme Based Assay
- DNA Assay
- Electrophoresis
- Others
Breakup by Test Type:
- Dry Blood Spot Test
- CCHD
- Hearing Screen
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Agilent Technologies Inc.
- Baebies Inc.
- Bio-RAD Laboratories Inc.
- Chromsystems Instruments & Chemicals GmbH
- Danaher Corporation
- Masimo Corporation
- Medtronic plc
- Natus Medical Incorporated
- Perkinelmer Inc.
- RECIPE Chemicals + Instruments GmbH
- Thermo Fisher Scientific Inc.
- Trivitron Healthcare
- Waters Corporation.
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