Press release
Newborn Screening Market is projected to be around USD 1.49 billion by 2023 registering CAGR of 11.14% | Top Most Key Players | Natus Medical Incorporated, Masimo, PerkinElmer, Covidien Ltd, Waters Corporation, Trivitron Healthcare, Bio-Rad Laboratories,
Newborn Screening Market
Competitive Outlook and Trend Analysis
The leading players in the market are Natus Medical Incorporated, Masimo, PerkinElmer, Covidien Ltd, Waters Corporation, Trivitron Healthcare, Bio-Rad Laboratories, Wipro GE Healthcare Pvt Ltd and Applied Biosystems/MDS Sciex J.V. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Industry Trend Analysis
The Newborn Screening Market was worth USD 0.58 billion in 2014 and is expected to reach approximately USD 1.49 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 11.14% during the forecast period. Developing neonatal populace base, rising instances of congenital diseases in newborns, ideal government programs and enactments, and technological progressions are foreseen to fill in as imperative drivers of the newborn screening market.
Rising neonatal populace is one of the key market drivers. To avert this efforts are being taken by associations, for example, the WHO, CDC, Healthy Newborn Network, and so on, to instruct parents for the possible disorders and their indicative procedures. In expansion, government projects and enactments likewise make a positive domain to cultivate market development.
Regional Outlook and Trend Analysis
North America held the biggest share of the newborn screening market inferable from the developing predominance of congenital disorders and implemented testing in all the 50 conditions of the country. Newborn screening program is diligently followed in every one of the conditions of North America. Asia Pacific is foreseen to witness lucrative development over the conjecture time frame because of, the existence of good medicinal services plans drafted by government organizations.
By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Market Segmentation-
By Product:
Reagents
Instruments
By Technology:
Pulse oximetry
DNA assay
Tandem mass spectrometry
Enzyme based assay
Electrophoresis
Others
By Test Type:
CCHD
Dry blood spot test
Hearing screen
Key findings of the Newborn Screening Market:
Tandem mass spectrometry ruled the general market in 2014 inferable from appeal because of cost adequacy, higher applicability and technological up gradation.
Tandem spectroscopy (MS/MS) is foreseen to develop at a tremendous CAGR over the figure time frame, because of its high capacity in diagnosing a variety of conditions in a single procedure.
Dry blood spot tests ruled the general newborn screening market representing more than 45.0% of income. The collection of blood from newborn’s heel area in 24-48 hours of birth on the screening card for analysis of more than 50 conditions is named as heel stick or dried blood spot test (DBS).
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Market Analysis by Regions
5. Newborn Screening Market, By Product
6. Newborn Screening Market, By Technology
7. Newborn Screening Market, By Test
8. Newborn Screening Market, By Region
…….CONTINUED FOR TOC
Technology Outlook and Trend Analysis
Tandem mass spectrometry (TMS) is a progressed logical instrument used as a part of the research facilities which can examine body liquids and other body contaminants. Tandem mass spectrometry ruled the general market in 2014 inferable from appeal because of cost adequacy, higher applicability and technological up gradation. Tandem spectroscopy (MS/MS) is foreseen to develop at a tremendous CAGR over the figure time frame, because of its high capacity in diagnosing a variety of conditions in a single procedure.
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