Newborn Screening Software Market Segmentation by Revenue and Landscape 2024 With Top Key Players Thermo Fisher Scientific Inc., GE Healthcare, Bio Rad Laboratories Inc., PerkinElmer Inc., ZenTech S.A., Trivitron Healthcare, MP Biomedicals LLC, Agilent Te

Newborn Screening Software market Overview
Newborns are more prone to infections, which can occur at any time from the first day of life. Neonatal screening is a pediatric preventive screening test to diagnose congenital or inborn metabolic abnormalities to identify the disease. Neonatal screening helps to quickly detect serious genetic diseases that can lead to disability or death if not treated in the initial stage. Neonatal screening helps with the diagnosis of diseases and helps doctors begin treatment in the first week of life to reverse the prognosis. Early diagnosis and treatment result in a significant reduction in associated disability, mortality and morbidity. Newborn programs differ from one country to another, depending on the prevalence of a disease in the population and the legal requirements for the detection of the newborn in a given country.

The global newborn screening equipment market was valued at an estimated USD 0.45 billion in 2016 and is expected to reach USD 1.0 billion by 2024, growing at a CAGR of 10.5% between 2016 and 2024.

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Drivers and Restraints:
The market for neonatal screening is characterized by a higher incidence of neonatal diseases, resulting in a high demand for neonatal screening. Increasing government efforts to raise awareness about hereditary neonatal diseases have further increased the demand for neonatal screening in the global marketplace. Increased funding for government organizations and technological advances in testing are driving the global market for neonatal screening. However, a strict regulatory environment in some countries, delays in hospitalization and lack of availability of instruments and technologically advanced tests in developing countries are the main factors that limit the global neonatal screening market. It is expected that private sector investment in neonatal screening programs in developing countries and partnerships between private investors and hospitals, and diagnostic centers will provide growth opportunities for the neonatal screening market in densely populated developing countries.

Newborn Screening Software market Segmentation:
The Newborn Screening Software market has been segmented by type of test, product, end user and region. In terms of type of test, the market can be segmented into blood tests, hearing test, critical congenital heart anomaly (CCHD), urine test, physical examination and others. Based on the product, the subsegment of the immunoassay kits is likely to dominate the market during the prognosis period, since the immunoassay is a primary test used for screening and is expected to experience strong demand during the prognosis period. Based on the end user, the hospitals and diagnostic centers dominate the market during the forecast period due to the increasing number of premature births in hospitals.

Geographical Segmentation:
Geographically, the Newborn Screening Software market was divided into North America, Europe, Asia and the Pacific, Latin America and the Middle East and Africa. North America represents an important part of the world market for neonatal screening. The increase in technological advances in screening, the introduction of new testing methods and the increase in government initiatives to promote the evaluation of newborns through screening programs are factors that stimulate the North American market in the narrow future. The increase in research activities that lead to early diagnosis and treatment of rare diseases is also increasing the market in the region. Asia Pacific is a growing market for neonatal screening, due to the increasing number of premature births and increasing knowledge of neonatal genetic diseases in the region.

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Key Players:
Key players operating in the global newborn screening market are Thermo Fisher Scientific Inc., GE Healthcare, Bio Rad Laboratories, Inc., PerkinElmer Inc., ZenTech S.A., Trivitron Healthcare, MP Biomedicals LLC, Agilent Technologies, Medtronic, and Natus Medical Incorporated.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

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