NEWBORN SCREENING MARKET ANALYSIS INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020–2027
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REPORT DESCRIPTION New Born Screening Market - Overview Global New Born Screening Market, by Product (Instruments, and Assay Kits and Reagents), by Test Type (Dry Blood Spot Test, Cardiac Test, Hearing Test, Urine Test, and Others), by Application (Phenylketonuria (PKU), Maple Syrup Urine Disease Critical Congenital Cardiac Disease, Hearing Disability, Sickle Cell Disease, and Others), by End User (Hospitals, Maternity and Specialty Clinics, and Diagnostic Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 1,412.2 Mn in 2021 and is expected to exhibit a CAGR of 10.5% during the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights. Increasing government support for new born screening and development in screening technology are expected to drive the market growth during the forecast period. For instance, New born Foundation in USA, a global non-profit organization is working in collaboration with public health and government agencies, healthcare providers and researchers, international NGOs working in the new born health ecosystem. Under New born Foundation, 3.2 million infants have been screened for heart defects and other health conditions. Global New Born Screening Market– Impact of Coronavirus (COVID-19) Pandemic As the link between regional warehouses is not smooth, the transportation of raw materials between regions cannot be carried out successfully. Browse Research Reports: https://www.coherentmarketinsights.com/marketinsight/newborn-screening-market-2192 © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Browse Market Data 43 Tables and 40 Figures spread through 288 Pages and in-depth TOC on “Global New Born Screening Market”- Forecast to 2028, Global New Born Screening Market, by Product (Instruments, and Assay Kits and Reagents), by Test Type (Dry Blood Spot Test, Cardiac Test, Hearing Test, Urine Test, and Others), by Application (Phenylketonuria, Critical Congenital Cardiac Disease, Maple Syrup Urine Disease, Hearing Disability, Sickle Cell Disease, and Others), by End User (Hospitals, Maternity and Specialty Clinics, and Diagnostic Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Moreover, high birth rate and increasing rate of neonatal diseases are expected to drive the market growth during the forecast period. Newborn population is one of the most vulnerable group population for various disease such as epilepsy, polio encephaliphitis, asthma, chronic obstructive pulmonary disease (COPD), and other respiratory disease, leukemia, diarrhea, anemia, and other rare disease that results in substantial economic burden. Hence, it is important to conduct new born screening for early detection of the diseases. The major challenges include supply of raw materials required for manufacturing instruments and reagent kits due to irregularities in transportation facility. Supply of raw materials has been severely disrupted due to the forced quarantine, and lack of labour and raw materials. As the link between regional warehouses is not smooth, the transportation of raw materials between regions cannot be carried out successfully. Request a Sample copy of this reports: https://www.coherentmarketinsights.com/insight/request-sample/2192 © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Key Takeaways of the Global New Born Screening Market: The global new born screening market is expected to grow with a CAGR of 10.5% during the forecast period due to key players operating in the market are adopting strategies such as collaborations and acquisitions in order to expand their product portfolio. For instance, in November 2020, Natus Medical Inc., a medical device company acquired Babybe GmbH, a company that develops its patented remote mother to baby communication technology and soft robotics for neonatal healthcare. The company’s technology will add to Natus Medical Inc.’s Newborn Care portfolio of products. Among product, instruments segment accounted for the highest CAGR in global new born screening market during forecast period. For instance, in July 2017, Department of Biotechnology (DBT), Ministry of Science and Technology, (Government of India) launched Sohum – the newborn hearing screening device developed by SIB startup, Sohum Innovation Labs India Pvt. Ltd., in India. On the basis of test type, dry blood spot test accounted for the largest market share in the global new born screening market over the forecast period. For instance, in January 2019, Virginia Department of Health, announced the launch of Virginia New born Screening Program. The program include education about new born screening and conducting dried-blood spot screening tests, referral, follow-up and diagnosis, dietary and medical management, and treatment in Hospitals of Virginia.
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