Newborn Screening Market Growth – at a CAGR of 10.3% During Forecast Period 2020-2028

Increasing volumes of newborn screening tests to check for metabolic, genetic abnormalities, or developmental problems are expected to drive the global market revenue growth

Emergen Research has published its latest report titled “Newborn Screening Market, By Product (Instruments, Reagents, Assay Kits, Others), By Technology (Tandem Mass Spectrometry, Pulse Oximetry, Enzyme Based Assay, DNA Assay, Electrophoresis, Others), By Application (Dry Blood Spot Test, Critical Congenital Heart Disease, Hearing Screen, Others), By End-use (Hospitals, Clinical Laboratories, Others), and By Region Forecast to 2028”

According to Emergen Research, the global newborn screening market size was USD 1.13 billion in 2020 and is expected to reach USD 2.50 billion in 2028 and register a revenue CAGR of 10.3% during the forecast period, 2021-2028.

Market Dynamics:

Steady revenue growth of the global newborn screening market is attributed to factors such as growing neonatal population across the globe, rising prevalence of congenital diseases such as phenylketonuria, congenital heart disease, cystic fibrosis, and hearing disorders in infants, technological advancements in newborn screening tests such as pulse oximetry and enzyme-based assays, and favorable government regulations and policies for these tests. As estimated by the Indian Pediatric Academy, over 200,000 newborn babies are diagnosed with congenital heart disease each year. Growing rate of neonatal mortality – particularly in less developed countries around the world due to lack of proper care and medical facilities – rising focus of healthcare facilities in providing highly advanced neonatal care, increasing availability of advanced diagnostic and screening technologies in hospitals and clinics, and increasing initiatives by government organizations such as the CDC, WHO, and Healthy Newborn Network to raise awareness of newborn health are some of the other major factors contributing to the global newborn screening market revenue growth.

Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/4

COVID-19 Impact Analysis:

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants continue to cause concerns and impact normal routines

Tandem Mass Spectrometry Segment Accounted for Largest Revenue Share in 2020:

The tandem mass spectrometry segment dominated other segments in terms of revenue share in the global market in 2020. Tandem mass spectrometry is a highly advanced analytical instrument used to examine bodily fluids and contaminants. The technology aids in the identification of carnitine conjugates, amino acids, and various other compounds in the body. Growing use of this technology in newborn screening tests, owing to their advantages such as higher cost-effectiveness, improved safety, and technological upgrades is one of the major factors driving this segment’s revenue growth.

Dry Blood Spot Test Segment to Account for Fastest Revenue CAGR:

The dried blood spot test segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Increasing volumes of dry blood spot (DBS) tests for diagnosis of medical conditions such as autism, lymphoma, leukemia, and various metabolic conditions in infants are among the key factors expected to boost revenue growth of this segment.

Looking for Discount [Click on the link] @ https://www.emergenresearch.com/request-discount/4

North America Accounted for Largest Revenue Share in 2020:

Among regional markets, the North America newborn screening market led in terms of revenue share in the global market in 2020. Rising prevalence of newborn disorders such as genetic or hemoglobin disorders, rising awareness of early disease diagnosis and treatment, growing demand for advanced newborn screening tests including tandem mass spectrometry, pulse oximetry, and DNA and enzyme-based assays, favorable government reimbursement policies for these tests, and presence of key market players in the region, such as Perkinelmer, Inc., Waters Corporation, and Natus Medical Incorporated, are major factors supporting the North America market revenue growth.

Major Companies in the Global Newborn Screening Market Include:

  • Danaher Corporation
  • Medtronic Plc
  • Ab Sciex LLC (a Danaher Corporation subsidiary)
  • Perkinelmer, Inc.
  • Waters Corporation
  • Natus Medical Incorporated
  • Masimo Corporation
  • Agilent Technologies Inc.
  • Bio-Rad Laboratories, Inc.
  • Covidien Plc
  • Ge Healthcare (a General Electric Company subsidiary)
  • Trivitron Healthcare
  • Demant A/S
  • Chromsystems Instruments & Chemicals GmbH
  • Baebies

For the purpose of this report, Emergen Research has segmented the global newborn screening market based on product, technology, application, end-use, and region:

Product Outlook (Revenue, USD Billion; 2018-2028)

  • Instruments
  • Reagents
  • Assay Kits
  • Others

Technology Outlook (Revenue, USD Billion; 2018-2028)

  • Tandem Mass Spectrometry
  • Pulse Oximetry
  • Enzyme Based Assay
  • DNA Assay
  • Electrophoresis
  • Others

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Dry Blood Spot Test
  • Critical Congenital Heart Disease (CCHD)
  • Hearing Screen
  • Others

End-use Outlook (Revenue, USD Billion; 2018-2028)

  • Hospitals
  • Clinical Laboratories
  • Others

Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/new-born-screening-market

Region Outlook (Revenue, USD Billion; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of Middle East & Africa

Latest Published Reports by Emergen Research:

Insurance Market Size, Share, Trends, By Insurance Type (Life Insurance, Property Insurance, Health Insurance, Liability Insurance, Fire Insurance, Motor Insurance, Social Insurance), By Service Providers, By End-use, By Sales Channel, and By Region Forecast to 2028

Geospatial Analytics Market By Component (Services, and Solutions), By Solution (Geocoding and Reverse Geocoding, Data Integration and ETL, Reporting and Visualization, Thematic Mapping and Spatial Analysis, Others), By Application (Surveying, Medicine and Public Safety, Disaster Risk Reduction and Management, Climate Change Adaptation, Others), By Deployment type (On-Premise, Cloud), and By Region Forecast to 2028

Product Information Management Market By Offering (Services, Solution), By Deployment (On-premises, Cloud), By End-use (Media & Entertainment, BFSI, Healthcare, Retail, Transportation and Logistics), and By Region Forecast to 2028

IoT Connectivity Market By Component (Platform, Services) By Enterprise Size (Large Enterprise, Small and Medium Enterprise), By Application (Building & Home Automation, Smart Energy & Utility, Smart Manufacturing, Smart Grid, Smart Retail, Smart Transportation and Others) End Use (Education and Healthcare, Defense &Aerospace, IT & Telecommunication, Retail & E-commerce, Manufacturing, Others) and By Region Forecast to 2028

Blockchain Technology - Expanding Scope of the Disruptive Technology beyond Bitcoin

Top 10 Globally Leading Companies in the Email Encryption Market

Top 10 Prominent Companies in the World Offering Big Data as a Service

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services

Read Our Press release@ https://www.emergenresearch.com/press-release/global-newborn-screening-market

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Back to news