2024-2033 Global Prenatal Testing & Newborn Screening Market Outlook: Projected Size and Growth Rate
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What is the Expected Growth Rate of the Prenatal Testing & Newborn Screening Market from 2024 to 2033?
The prenatal testing & newborn screening market size is expected to rise from $5.52 billion in 2023 to $6.2 billion in 2024, with a CAGR of 12.4%. Growth is attributed to advancements in genetic testing, increased maternal age, greater awareness, and healthcare policy improvements.
The prenatal testing & newborn screening market is expected to grow to $9.76 billion by 2028 at a CAGR of 12.0%. This growth is attributed to advancements in genetic counseling, technology, point-of-care testing, and telehealth. Trends in this market include non-invasive prenatal testing (NIPT), preimplantation genetic testing (PGT), telemedicine, maternal blood testing, and sickle cell screening.
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What Key Factors Are Fueling the Growth of the Prenatal Testing & Newborn Screening Market?
The high prevalence of genetic diseases in infants has contributed to the growth of the prenatal testing and newborn screening market. Genetic diseases like thalassemia, sickle cell anemia, hemophilia, cystic fibrosis, and others are commonly detected in newborns. For instance, sickle cell anemia affects millions worldwide, with higher incidence rates in people of African, American, and Asian descent. A report by the National Center for Biotechnology Information showed that 9.4% of pediatric patients were diagnosed with genetic illnesses, with a significant portion of them being critically ill newborns. The high rate of genetic disorders is driving the growth of the prenatal testing and newborn screening market.
What Are the Major Segments of the Prenatal Testing & Newborn Screening Market?
1) By Diagnostic Type: Non-Invasive, Invasive
2) By Technology: Screening Technology, Diagnostic Technology
3) By End user: Hospitals, Diagnostic centers
What New Trends Are Transforming the Prenatal Testing & Newborn Screening Market?
Machine learning and artificial intelligence (AI) are becoming more integrated into the prenatal testing and newborn screening market. AI helps companies analyze genetic data and evaluate tissue samples more accurately. In September 2021, Sema4 launched Sema4 Elements, a digital platform that uses AI to manage reproductive and generational health.
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Which Regions Are Driving Growth in the Prenatal Testing & Newborn Screening Market?
North America was the largest region in the prenatal testing & newborn screening market in 2023. Western Europe was the second largest region in the prenatal testing and newborn screening market. The regions covered in the prenatal testing & newborn screening market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Prenatal Testing & Newborn Screening Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the prenatal testing & newborn screening market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Prenatal Testing & Newborn Screening Market Include
1. Prenatal Testing & Newborn Screening Market Executive Summary
2. Prenatal Testing & Newborn Screening Market Segments
3. Prenatal Testing & Newborn Screening Market Size And Template Market Growth Rate
4. Key Prenatal Testing & Newborn Screening Market Trends
5. Major Prenatal Testing & Newborn Screening Market Drivers
……
25. Key Mergers And Acquisitions In The Prenatal Testing & Newborn Screening Market
26. Top Prenatal Testing & Newborn Screening Companies
27. Prenatal Testing & Newborn Screening Market Opportunities And Strategies
28. Prenatal Testing & Newborn Screening Market, Conclusions And Recommendations
29. Appendix
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