Prenatal Testing and Newborn Screening Market Size – USD 4,124.3 Million in 2019, Market Growth - CAGR of 12.8%, Market Trends –Rising demand for non-invasive techniques

The global prenatal testing and newborn screening market is projected to be worth USD 10.85 Billion by 2027, according to a current analysis by Emergen Research. The prenatal testing and newborn screening market is observing high demand attributed to its increasing application in detecting fetal chromosome defects. Prenatal testing is considered superior to other screening modalities, particularly for trisomy 21 (one of the most prevalent congenital anomalies). Prenatal testing enables individuals to make informed decisions as to whether diagnostic testing should be carried out. Associated fetal chromosomal anomalies typically include the benefit or lack of genetic material that can differ from small segments to small segments of chromosomes to entire chromosomes.

The increasing popularity among pregnant women as an alternative to amniocentesis and awareness of genetic problems in the fetus and newborn babies drives prenatal testing and newborn screening market.

The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.

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Key Points of prenatal testing and newborn screening Market:

• Extensive coverage of the analysis of the prenatal testing and newborn screening market
• Key insights into the regional spread of the industry in key geographies
• Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
• Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the prenatal testing and newborn screening market
• Complete data about the key manufacturers and vendors in the prenatal testing and newborn screening market

Top competitors of the prenatal testing and newborn screening Market profiled in the report include:

Abbott Laboratories, Bio-Rad Laboratories, Color Genomics, Edinburgh Genomics, Eurofins Scientific, Agilent Technologies, CRISPR, Illumina Inc., Editas Medicine, and Qiagen NV, among others.

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Market Drivers:

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

Emergen Research has segmented the global prenatal testing and newborn screening market on the basis of type, test type, technology, instrument, end-users:

Type Outlook (Revenue, USD Billion; 2017-2027)

• Prenatal Testing
• Newborn Screening

Test Type Outlook (Revenue, USD Billion; 2017-2027)

• Non-Invasive
• Invasive

Technology Outlook (Revenue, USD Billion; 2017-2027)

• Mass Spectrometry
• Electrophoresis
• Enzyme Immunoassays
• DNA Assays

Instrument Outlook (Revenue, USD Billion; 2017-2027)

• Ultrasonography
• Reagent and Assay Kits
• Tandem Quadrupole Detector
• Incubator Shaker
• Hearing Screen Instruments

End Users Outlook (Revenue, USD Billion; 2017-2027)

• Hospitals
• Maternity Specialty Clinics
• Diagnostic Centers

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Regional Analysis of the prenatal testing and newborn screening Market:

• North America (U.S., Canada)
• Europe (U.K., 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 Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Answered in the Report:

1. What is the growth rate of the prenatal testing and newborn screening market? What is the anticipated market valuation of prenatal testing and newborn screening industry by 2027?
2. What are the key growth driving and restraining factors of the prenatal testing and newborn screening market?
3. Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
4. What are the key opportunities and growth prospects of the prenatal testing and newborn screening industry over the forecast period?
5. Which region is expected to show significant growth in the coming years?

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