Market Study Report has recently released a Newborn Screening Market research report covering a wide variety of market topics and indicators, such as market boosters, market expansion, and growth strategies, marketing capabilities, latest competitive assessment, product innovation initiatives, and many more. The research also seeks to assist a wide range of business sectors and individuals in identifying the most advantageous prospects as well as in resolving the toughest as well as complex challenges.
Also, the Newborn Screening Market research report provides in-depth data on the organization’s present situations, including new product releases, recent advancements, and expenditures, as provided by the top market leaders. As a consequence of doing an entry and advanced level inquiry and analyzing the key market aspects like the industry expansion procedures, present market structure, key market players, and their various classifications, the research report reduces and minimizes work for the customers. Moreover, the expansion of this market sector is primarily supported by the broad dissemination of business assets and rising global market knowledge.
According to a study by, the global market for newborn screening is anticipated to grow at a CAGR of 13.76% over the forecast duration of 2019-2027.
Newborn screening procedures/tests involve a set of blood tests and other tests to seek evidence of certain genetic and endocrine diseases. The screening is performed to identify several medical conditions such as galactosemia, sickle cell disease, congenital hypothyroidism, phenylketonuria, among others. These tests have the potential to detect the risk of diseases prior to the appearance of clinical symptoms at an early stage, the early treatment of which can prevent premature death, spasticity, mental retardation and serious illnesses.
Due to the rise in the pervasiveness of congenital diseases, a large number of newborns are being affected by such conditions, which is a major driver for the newborn screening market. Moreover, government backing for newborn child health and the rising awareness for congenital heart disease in newborns are further pushing the growth of the market significantly. The increase in the global fertility rate has proven to be beneficial for the growth of the market. Furthermore, newborn screening helps in the early identification and management of affected newborns. Technological advancements in newborn screening and increase in the number of pregnant women with advanced maternal age can be used as opportunities for the growth of the market. On the flip side, the absence of proper healthcare infrastructure for newborn babies in developing countries and the socio-economic hurdles in the implementation of newborn child screening act as major restraints for the growth of the market. Furthermore, the dearth of skilled professionals in the healthcare industry and maintenance issues of hospital equipment severely limit the growth of the newborn screening market.
The global newborn screening market spans across five major regions, namely, Latin America, Europe, North America, Asia-Pacific and the Middle East and Africa.
The Asia-Pacific newborn screening market is the leading market globally, with the highest CAGR. In addition, North America’s supportive policies further supplement the growth of the newborn screening market in the US and Canada. For instance, the United States Government has mandated the newborn hearing screening among all the territories and 50 states of the United States since 1996, as per the Journal of Early Hearing Detection and Intervention (JEHDI), 2016 research. Further, in 2011, the US Department of Health and Human Services (HHS) added critical congenital heart defects (CCHD) in the Recommended Uniform Screening Panel for all the newborns born in the US. Further, high healthcare and R&D expenditure in the US and Canada also act as drivers for the growth of the newborn screening market in North America.
The dominant companies in the market are Trivitron Healthcare, ZenTech S.A., Masimo Corporation, PerkinElmer, Inc., Agilent Technologies, Inc., SCIEX, Bio-Rad Laboratories, Inc., BioTek Instruments, Inc., Waters Corporation, Thermo Fisher Scientific, Inc., Cardinal Health, Inc., NeoGen Labs Pvt. Ltd., Medtronic Plc, Natus Medical, Incorporated and GE Healthcare Limited.
BioTek Instruments, Inc., is a medical device company that develops, manufactures and distributes microplate instrumentation and software. The company’s products include detection, liquid handling, robotics, software and robotics and accessories. It provides accessories such as BioStack integration kits, bottles and tubing, cables, cassettes, dispense or waste systems, filter accessories, filter cubes, filters, labware holders, lamps, manifolds, mirrors, miscellaneous, and test plates & reagents. It serves the pharmaceutical and healthcare industries. In October 2018, BioTek released a Peltier Cooling Module for the Cytation™ Cell Imaging Multi-Mode Readers.
Why should you buy this report?
- The industry research report examines the complete market sector, covering differentiated market products, market conditions, and circumstances, significant market trends, and difficulties faced by the existing manufacturers.
- The quantitative analysis in the research paper delves into various regulatory norms imposed on the worldwide market sector.
- Porter’s Five Forces analysis and SWOT assessment are well employed as part of the complete research methodology.
- The research report also includes a thorough evaluation of the marketplace industry’s types, items, procedures, end-users, categories, geographies, and efficient marketing practices.
Business practices, market research analysis, prospect analysis, research methodologies, and many other subjects are well covered in the study. It also examines the client representative tactics in various parts of the world, having detailed facts on how the new businesses in the industry have made accomplishments in this market. Furthermore, the research has broadened and updated the business development approaches by analyzing multiple growth prospects in the current and the emerging upcoming products.
Key questions addressed in the report: –
- What proportion of the industry’s regional and international markets is broadening?
- What are the most efficient and effective methods for increasing the worldwide market industry?
- What are the sizes, profits, and income reports of the world’s top leading firms?
- Over the forecast period, which market goods, development areas, and places should the users pay close attention to?
TABLE OF CONTENTS
- GLOBAL MARKET – SUMMARY
- INDUSTRY OUTLOOK
- MARKET DEFINITION
- KEY INSIGHTS
- EVOLUTION & TRANSITION OF
- PORTER’S FIVE FORCE ANALYSIS
- MARKET ATTRACTIVENESS MATRIX
- REGULATORY FRAMEWORK
- VENDOR SCORECARD
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- MARKET CHALLENGES
- INDUSTRY OUTLOOK – BY PRODUCTS
- INDUSTRY OUTLOOK -BY APPLICATION
- INDUSTRY – REGIONAL OUTLOOK
- COMPETITIVE LANDSCAPE
- METHODOLOGY & SCOPE
- RESEARCH SCOPE
- SOURCES OF DATA
- RESEARCH METHODOLOGY
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