The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global pediatric and neonatal testing kit market is projected to increase from $3.41 billion in 2022 to $3.70 billion in 2023, with an 8.6% CAGR. By 2027, it is anticipated to reach $5.03 billion, growing at an 8% CAGR.

North America held the largest pediatric and neonatal testing kit market share.

Pediatric And Neonatal Testing Kit Market Driver
The rising occurrence of congenital disorders in newborns propels the pediatric and neonatal testing kit market. Congenital disorders, originating during fetal development or present at birth, benefit from early detection through pediatric and neonatal screening. For instance, the World Health Organization (WHO) reported approximately 240,000 infant deaths annually within the first 28 days due to congenital disorders. Additionally, the European Commission noted a prevalence rate of 253.38 anomalies per 10,000 in 2020, with 58.22 terminations of pregnancy for congenital anomalies (TOPFA). Thus, the increased prevalence of congenital disorders fosters market growth.

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Prominent Pediatric And Neonatal Testing Kit Market Trend
The emergence of novel screening tests is a growing trend in the pediatric and neonatal testing kits market. Leading companies are dedicated to creating such kits, exemplified by Calmark’s Neo-Bilirubin, which received CE marking and regulatory approval from the EU in April 2020. Neo-Bilirubin is a point-of-care diagnostic system for measuring bilirubin in newborns, offering improved accuracy even at high hematocrit levels. It’s designed for hospital use and holds NEST360 qualification for enhanced quality and safety, reflecting the industry’s focus on innovation.

Pediatric And Neonatal Testing Kit Market Prominent Players
Major players in the pediatric and neonatal testing kit market are 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, Masimo CareDx Inc., Natus Medical Incorporated, BioFire Diagnostics LLC, Luminex Corporation, Meridian Bioscience Inc., Advanced Instruments LLC, MP Biomedicals LLC, ELITech Group SAS, Baebies Inc., iHealth Labs Inc, Labsystems Diagnostics Oy, Advacare Pharma LLP, Beckman Coulter Inc., JETA Molecular BV, EpigenTek Group Inc., ZenTech SA, and Hangzhou Testsea Biotechnology Co. Ltd.

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Key Pediatric And Neonatal Testing Kit Market Segments
The global pediatric and neonatal testing kit market 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

The Pediatric And Neonatal Testing Kit Global Market Report 2023  provides a comprehensive overview on the pediatric and neonatal testing kit market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the pediatric and neonatal testing kit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Pediatric Vaccine Global Market Report 2023
Neonatal Infant Care Global Market Report 2023
Neonatal Infant Care Global Market Report 2023

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