PUBLISHER: Value Market Research | PRODUCT CODE: 1547520
PUBLISHER: Value Market Research | PRODUCT CODE: 1547520
The global demand for Newborn Screening Market is presumed to reach the market size of nearly USD 1769.97 Million by 2032 from USD 881.01 Million in 2023 with a CAGR of 8.06% under the study period 2024-2032.
Newborn screening is a health checkup done on every infant to test for a group of health disorders using a small blood test. During a checkup, doctors check for rare genetic, hormone-related, and metabolic conditions that can cause serious health problems. It includes more than 44 severe disorders that may be uncommon. Newborn screenings are performed before there are any observable symptoms on the baby. It allows conditions to be identified and treated before the occurrence of the problem.
The global newborn screening market is forecasted to grow with increasing new births, increasing prevalence of newborn disorders, rising deaths of newborn babies, expanding newborn babies services, and favorable policies. According to World Health Organization, around 41% of all under-5 child deaths are among newborn infants annually. Babies die in their first 28 days of life or the neonatal period. The growing numbers of deaths of newborn babies and the rising prevalence of newborn diseases have caused a rise in awareness and availability of advanced screening instruments. However, low awareness and lack of skilled expertise to perform screening processes are hampering the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Newborn Screening. The growth and trends of Newborn Screening industry provide a holistic approach to this study.
This section of the Newborn Screening market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Newborn Screening market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Newborn Screening market include Agilent Technologies Inc., AB SCIEX, Natus Medical Inc., Covidien Plc, Trivitron Healthcare, GE Lifesciences, Masimo, Waters Corporation, PerkinElmer Inc., Bio-Rad Laboratories Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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