How is the Pediatric And Neonatal Testing Kit Market Poised for Growth: Trends and Opportunities Through 2034
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How has the pediatric and neonatal testing kit market grown over the years?
In recent times, the market size for pediatric and neonatal testing kits has seen significant growth. The size of the market will rise from $3.91 billion in 2024 to around $4.21 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.6%. The unprecedented growth during the historic period is a result of improvements in pediatric and neonatal care, prioritization of child health, expansion of healthcare facilities, rising cognizance of prenatal testing, and changing regulations.
What Is the forecasted market size and growth rate for the pediatric and neonatal testing kit market?
The size of the pediatric and neonatal testing kit market is set to experience robust expansion in the coming years, with an estimated worth of $6.04 billion in 2029 and a compound annual growth rate (CAGR) of 9.4%. Factors contributing to this growth during the projected period include increasing demand for non-invasive testing procedures, growth in point-of-care testing for children, elevated investments towards neonatal and pediatric research, and the rise of digital health solutions. Key trends anticipated during this period encompass the creation of swift and precise testing kits, the application of next-generation sequencing in child diagnostics, the broadening of newborn screening programs, heightened emphasis on metabolic testing in newborns, and the incorporation of artificial intelligence into diagnostic devices.
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What are the major factors driving growth in the pediatric and neonatal testing kit market?
The surge in congenital disorders among newborns is propelling the demand for pediatric and neonatal testing kits. These disorders, which occur in the fetal development stage or are present at birth, can be detected early through pediatric and neonatal screening tests. This early detection aids healthcare experts in treating the defects promptly. For example, the World Health Organization (WHO), a specialist health body of the United Nations based in Switzerland, stated in February 2023 that every year, roughly 240,000 babies globally succumb within the first 28 days of life due to congenital disorders. Moreover, congenital conditions claim the lives of approximately 170,000 children aged between 1 month to 5 years. Consequently, the growing occurrence of these disorders stimulates demand in the pediatric and neonatal testing kits market.
What key areas define the segmentation of the global pediatric and neonatal testing kit Market?
The pediatric and neonatal testing kit market covered in this report is segmented –
1) By Test Type: Dried Blood Spot, Hearing Screening, Critical Congenital Heart Defect (CCHD), Other Test Types
2) By Product: Assay Kits And Reagents, Instruments
3) By Technology: Tandem Mass Spectrometry, Pulse Oximetry, Enzyme-Based Assays, DNA Based Assays, Electrophoresis, Others Technologies
4) By End User: Hospitals, Diagnostic Centers, Maternity And Specialty Clinics, Other End Users
Subsegments:
1) By Dried Blood Spot: Newborn Screening Panels, Genetic Testing, Infectious Disease Screening
2) By Hearing Screening: Automated Auditory Brainstem Response (ABR) Tests, Otoacoustic Emissions (OAE) Tests, Portable Hearing Screening Devices
3) By Critical Congenital Heart Defect (CCHD): Pulse Oximetry Screening Kits, Echocardiography Screening Tools, Clinical Assessment Protocols
4) By Other Test Types: Blood Gas Analysis Kits, Urine Testing Kits, Infectious Disease Testing, Point-of-Care Testing Devices
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What are the top market players propelling the growth of the pediatric and neonatal testing kit industry?
Major companies operating in the pediatric and neonatal testing kit market include F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic Plc, Siemens Healthineers, GE Healthcare GmbH, Eurofins Scientific SE, Trivitron Healthcare Pvt Ltd., Hologic Inc., PerkinElmer Inc., Quidel Corporation, Bio-Rad Laboratories Inc., QIAGEN NV, Natus Medical Incorporated, BioFire Diagnostics LLC, Luminex Corporation, Meridian Bioscience Inc., MP Biomedicals LLC, ELITech Group SAS, Baebies Inc., Labsystems Diagnostics Oy, Advacare Pharma LLP, Beckman Coulter Inc., JETA Molecular BV, EpigenTek Group Inc., ZenTech SA, Hangzhou Testsea Biotechnology Co. Ltd.
What are the key trends shaping the future of the pediatric and neonatal testing kit market?
One significant trend emerging in the pediatric and neonatal testing kits market is the creation of innovative screening tests. To maintain their market dominance, key market players are channeling their efforts towards introducing unique screening kits, such as mass screening tests. For example, in May 2024, Shimadzu Techno-Research, Inc., a contract analysis firm based in Japan, unveiled a new contract service designed to carry out PCR testing to elevate newborn mass screening. This service focuses on testing for rare severe diseases, such as Severe Combined Immunodeficiency (SCID), B-cell Deficiency (BCD), and Spinal Muscular Atrophy (SMA), with the goal of early identification and intervention post-birth, resulting in improved health outcomes for newborns. Currently, this service is available in 40 out of the 47 prefectures in Japan, with plans in place to make it accessible to all newborns via public funding. Through collaborations with hospitals and birthing centers, STR aims to elevate the health and welfare standards of newborns across Japan.
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What regions are dominating the pediatric and neonatal testing kit market growth?
North America was the largest region in the pediatric and neonatal testing kit market in 2024. The regions covered in the pediatric and neonatal testing kit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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