Newborn Screening Market Overview:
Newborn Screening Market size is expected to reach USD billion by 2029, with growth at a CAGR of 10.7% during the forecast period 2022-2029.
The global market for newborn screening market size is anticipated to show a prominent growth rate due to growing support from the government for newborn screening and development in technology. The major dynamics driving the market growth are the huge birth rate and the rise in the occurrence of neonatal diseases. Furthermore, government initiatives and support also produce a significant environment to boost the market growth.
North America Newborn Screening market registering the highest share and it is projected to control its trend over the forecast period. Asia Pacific region is projected to show profitable growth during the forecast period owing to the occurrence of favorable healthcare procedures by government bodies.
WHO recommended the newborn screening program to safeguard children’s health over the globe. The rising consciousness and increasing demand for newborn diagnoses are projected to boost demand throughout the forecast period.
Screening of genetic disorders and developing markets such as China, Brazil, and India. Brazil gives prominent prospects to major companies in the newborn screening market owing to the rise in birth rates and increases in individual income in these countries.
Newborn Screening Market is segmented By Product (Assay Kits, Instruments), By Test Type (Blood Test, Cardiac Test, Urine Test, Hearing Test, Others), By Application (Critical congenital heart disease, Blood Spot Test, Hearing Disability, Sickle Cell Disease, Maple Syrup Urine Disease, Thyroid Disorder, Others), By End-User (Hospitals, Diagnostic Centers, Maternity & Specialty Clinics, Others)
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COVID-19 had a negative effect on the market as chances of the screening centers skilled a broad spectrum of problems and most were impacted more in the COVID-19 second wave.
Some of the major players in the global ECMO system market include Covidien Plc., AB SCIEX, Bio-Rad Laboratories, Agilent Technologies, Masimo Corporation, Natus Medical, Trivitron Healthcare, PerkinElmer Inc, GE Life Sciences, and ZenTech S.A.
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