Newborn Screening Market Industry Overview, Competitive Analysis and Foreseen by 2025

Posted June 19, 2018 by akashkale

Newborn Screening Market report explores Scope of the Study as Research Objective, Assumptions and Limitations in-depth.

Newborn screening is a health program for screening newborns right after birth to identify problems that affects the health of a child in future. Newborn screening contains series of test which help to detect the diseases and diagnosis preventing disability and deaths. Newborn screening helps in the identification of diseases and helps physicians start the treatment from the first week of life in order to reverse the prognosis. Primary diagnosis and treatment result in important reduction in related disabilities, mortality, and morbidity. A newborn program differs from country to country, depending on the occurrence of a disease condition among the people and legal requirements for newborn screening tests in a specific country.
The Newborn Screening market has been witnessing significant growth over the past few years owing to rise in newborn screening programs, increasing incidences of congenital diseases, rise in the prevalence of neonatal diseases, which leads to high demand for newborn screening tests, emerging technological developments, and funds for the government are expected to bolster the market growth in the coming years. Furthermore, demand for screening of genetic disorders is expected to offer significant growth opportunities during next few years. However, lack of skilled professional infrastructure, stringent regulatory environment in certain nations, delays in hospitalization, and socio-economic barriers are expected to restraint the market growth during the forecast period.
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The -201cGlobal Newborn Screening Market Analysis and Forecasts to 2025-201d can be segmented into type of test, product, technology and region. Based on the type, the market can be categorized as hearing screening, dry blood spot, and critical congenital heart disease test. The dry blood spot is slated to grow at highest CAGR because of the technological advancements. Dry blood spot sampling has also been used for disease observation in emerging nations. The market based on product can be segmented into hearing screening device & accessories, reagents and assay kits, newborn disorder screening instruments, and pulse oximetry. Pulse oximetry is a noninvasive method for monitoring a oxygen saturation (SO2) of a person. Based on technology, the market can be segmented as, DNA based assay, electrophoresis, hearing screen technology, enzymes and immunoassay, tandem mass spectrometry, and pulse oximetry technology. Tandem mass spectrometry is an advanced analytical equipment used in the laboratories which can evaluate body fluids and other body chemicals. Electrophoresis is anticipated to witness faster growth at a CAGR of 11.2% by 2022 due to growing demand and initial detection technique.
Additionally, one in ten positive tests for cystic fibrosis is a true positive result, while one in 100 or one in 200 positive tests for congenital adrenal hyperplasia.. The irregularity of few newborn screening tests and absence of regularity of newborn screening policies and procedures, across the globe, is likely to impede the growth of the market.
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The study also provides information for recent merger and acquisition deals happened in the market. Moreover, the report also includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry, financial analysis and various business strategies adopted by them. This report will help players in global pen needles market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.
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Last Updated June 19, 2018