Rising cases of chromosomal disorders across the world has compelled, gynecologist and pregnant women to opt for non-invasive prenatal testing market.
Rising cases of chromosomal disorders across the world has compelled, gynecologist and pregnant women to opt for non-invasive prenatal testing market. It has been noticed that diseases such as Down syndrome, Patau syndrome, Turner syndrome, and Edwards’s syndrome poses a high threat to the pregnant women as well as the new born. With the rising awareness among the patient trough out the world regarding the chromosomal diseases, the market for global non-invasive prenatal testing market has reached new heights.
Due to various factors, the market is anticipated to expand at robust CAGR of 17.1% during the forecast period 2014- 2022. At this rate, the market which was at US$0.5bn in 2013 is expected to be valued at US$2.3 bn by the tenure end.
High Demand for Non Invasive Technique to Foster Market Growth
One of the major reason that is driving the global market is the requirement of non-invasive technique over traditional and painful techniques. Preference of non-invasive techniques have made the researchers to do extensive research in order to fetch noninvasive technique, ensuring patients with minimal or no pain. Pregnant women have found to be comfortable around NIPT technique. This have helped the market to grow.
Recently, a study shows that after studying samples from 141431 pregnant women, scientists are confident that noninvasive prenatal tests are likely to help finds genetic variants connected with human traits along with susceptibility and birth outcomes. The tests were carried out by BGI Health, one of leading player in the noninvasive prenatal testing market.
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Rising Cases Of Late Pregnancies Increases the Risk of Chromosomal Disorders, Helping Market to Grow
Another factor augmenting the number of sales in the market is the rising the number of late pregnancies cases all across the world. It has been found that, particularly in the western countries, the number of working women have increased exponentially over the decade. This has resulted in gradual shift in the average maternal age. Rising number of late pregnancies have substantially have resulted in higher risk of child delivery with downs syndrome. Apart from these, other factors which comes to play in late pregnancies are less gap between two pregnancies, this is likely to steer pregnant women to choose Non-invasive prenatal tests.
Surge In Number of Professionals And Better Healthcare Sector to Help Market Grow
Rapid advancement in healthcare sector has significantly impacted a great deal on the infrastructure and instruments used in various healthcare organizations such as hospitals, clinics, and diagnostic centers. Rising number of professionals who are trained at performing NIPT is helping the market to grow. Methods such as serum screening and ultrasonography which are non-invasive methods are known to have become popular in the healthcare sector due to its ease of handling and less time required for getting results.
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Ascending Number of Working Women in Asia Pacific to Favor Market Growth
Asia Pacific to hold a significant share in the market in years to come owing to its ongoing trends of late pregnancies due to rising cases of working women. Rapid advancement in healthcare sector accompanied with awareness raised by government of these countries are likely to abode well with the growth of market in the region.
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