Prenatal and New-born Genetic Testing Market Application Growth Potential Analysis Report Profiling Companies Like Berry Genomics, BGI, Biorad, Illumina, Laboratory Corporation of America, Natera, Qiagen, Sequenom, Trivitron Healthcare

Market Study Report adds a new Prenatal and new-born genetic testing industry is gaining a significant trajectory due to the rising benefits offered by the advancements in the field of genetic testing as well as the rising prevalence among women to become pregnant later in life for the period of 2018-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.

Prenatal and New-born Genetic Testing Market will exceed USD 7 billion by 2024; as per a new research report.

Technological advancement and several benefits associated with infant genetic testing will be major driver of the prenatal and new-born genetic testing market. Introduction of prenatal testing has led to substantial amount of increase in adoption rate of new testing technologies such as non-invasive prenatal testing (NIPT) for detection of sub chromosomal abnormalities, single-gene disorders and aneuploidy in North America region. Inclination towards minimally invasive infant genetic testing along with demand for early detection of birth defects will one of the major reason for market growth.

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Rising number of consanguineous relations in the developing countries of Asia and Middle East will foster growth opportunities for prenatal and newborn genetic testing market. The consanguineous relations are responsible for births of infants with defects and chromosomal abnormalities. Consequent, the increase in cases of live births diagnosed with birth defects will directly impact the growth of prenatal and new-born genetic testing market.

Increasing prevalence of birth defects among the European population is one of the major reasons for rising infant mortality. The necessary government initiatives in order to conduct prenatal and new-born genetic tests to diagnose the birth defects will increase the number of infant screening programs giving rise to market growth opportunities.

Hospitals hold the majority of market share owing to increasing number of births in hospitals. Hospitals are aided by the government and provide the facilities require for the newborn screening. The increase in number of screening programs in hospitals provides significant scope for the market growth.

U.S. dominated the market in 2017 owing to ongoing technological advancements along with favorable reimbursement policies. The U.S. region had 99% of newborn screening rate and high awareness about prenatal and new-born genetic testing will be responsible for the market growth in U.S. Presence of technologically advanced and equipped manufacturing companies along with government initiatives supporting screening activities that will impel market growth.

Some of the major market players competing in global prenatal and newborn genetic testing market are Ariosa Diagnostics (Roche), Berry Genomics, BGI, Biorad, Illumina, Laboratory Corporation of America, Natera, Qiagen, Sequenom, Trivitron Healthcare and Verinata health. The competitors are using launch of novel products with technological advancements, acquisitions and mergers as the key strategies to foresee a lucrative growth in prenatal and newborn genetic testing market. For example, In March 2018, Natera declared a partnership with QIAGEN to develop cell-free DNA assays for QIAGEN's GeneReader NGS System. These DNA assays will be developed and designed for tests, including prenatal screening, for laboratories and hospitals globally.

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Table of Content:

Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Prenatal and New-born Genetic Testing Market Industry Insights
Chapter 4. Prenatal and New-born Genetic Testing Market, By Technology
Chapter 5. Prenatal and New-born Genetic Testing Market, By Disease
Chapter 6. Prenatal and New-born Genetic Testing Market, By End-use
Chapter 7. Prenatal and New-born Genetic Testing Market, By Region
Chapter 8. Company Profiles

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Outer scope of this report Prenatal and new-born genetic testing industry is gaining a significant trajectory due to the rising benefits offered by the advancements in the field of genetic testing as well as the rising prevalence among women to become pregnant later in life. With increasing number of women opting to become pregnant later than the age of 35, prenatal genetic testing has almost become a mainstream procedure to ensure that the fetus is free from any type of birth defects that are very common in later age pregnancies. Advancement in prenatal genetic screening such as non-invasive prenatal testing, which has sharply brought down the number of miscarriages that previously resulted from genetic testing, has also augmented the growth of the prenatal and new-born genetic testing market.

Decline in egg quality in older women has often led them to have babies affected with Down’s Syndrome, Edward’s Syndrome or other genetic ailments. Prenatal genetic testing is slowing helping in the eradication of such syndromes besides screening for other birth defects such as split spine defect, cystic fibrosis and sickle cell anemia, thus bringing down the infant mortality. Genetic testing has been helping women not only to make informed choices about their pregnancy but also to be prepared for welcoming a newborn with special needs. Prenatal and new-born genetic testing market has observed a significant growth spike in the Middle East and Asia where consanguineous marriages often lead to a host of genetic disorders. Aided by the fact that this procedure is hailed to be highly successful in bringing healthy newborns to the world, prenatal and new-born genetic testing industry will continue to garner profits in the ensuing years.

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