Preterm Birth Diagnostic Test Kits Market to Witness a Pronounce Growth By 2028 | Medixbiochemcia, Hologic Inc, Sera Prognostics, IQ Products

Growing adoption rates of preterm birth diagnostic test kits globally

Increasing adoption rates of rapid diagnostic tests for preterm births in the North, Western Europe, Eastern Europe, Latin America and the Asia pacific market is fueling the growth of the preterm birth diagnostic test kits market.The global market for preterm birth diagnostic test kits is expected to expand at a significant CAGR of 7.4% over the forecast period to reach a value of over US$ 200 Mn by 2028. Prevalent preterm cases and the growing demand for cost effective diagnosis of preterm births at hospitals, outpatient clinics and diagnostic laboratories have increased the demand for preterm birth diagnostic test kits. Moreover, ease of application of home-based point of care preterm birth diagnostic test kits and the availability of preterm birth diagnostic test kits through traditional supply chains are leading to a growing adoption of preterm birth diagnostic test kits among end users. For instance, AmniSure ROM Test offered by Qaigen, which tests for PAMG-1, determines if there a premature rupture of membrane within 10-15 minutes of the test. Human Fetal Fibronectin Rapid Test offered by Creative Diagnostics would help determining the chances of preterm labor within 20 minutes of the test. At home self-diagnosis also reduces the indirect cost associated with conventional laboratory based preterm birth diagnostic test kits.

Untapped growth prospects for key players in the preterm birth diagnostic test kits market

Preterm diagnostic test kits haven’t penetrated healthcare settings particularly in Asia Pacific, Middle-east, and Africa given their prevalent birth & preterm birth rates. Majority of the patients aren’t aware about preterm birth diagnostic tests. This is true not only for the developing countries but also for a considerable portion of developed countries. Manufacturers are yet to market preterm diagnostic tests and their feasibility methodologically in order to exploit their full market potential. Majority of the patients who exhibit preterm birth symptoms undergo hospital stay charges which pose an economic burden on the middle-class in developed as well as developing regions. Awareness and proper marketing and advertisement is estimated to help grab incremental revenue opportunities over the forecast period

Middle-east & Africa, Asia Pacific, Latin America account for over 50 % of the annual preterm births. Although, the adoption rates for preterm diagnostic test kits are poor in hospital settings, it poses a great market potential for manufacturers

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Marketplace discussions indicate growing adoption of low priced preterm birth diagnostic test kits

Preterm birth diagnostic test kits are anticipated to gain popularity as they provide great benefits for the patient, mother and the baby, minimized hospital expenditure. Ultrasound, clinical examinations, and other tests require not only hospital admission but also high costs associated with hospital admissions. Risk for an unborn baby is high in preterm cases, and preterm birth test kits help in predicting, and avoiding such situations in a short duration of time. The growing popularity has been witnessed in China and Asia Pacific regions. Preterm Diagnostic test kits enable analysis and diagnosis of preterm labor or premature rupture of membrane in a short duration. 

Globally the preterm birth diagnostic test kits market is consolidated in nature

The preterm birth diagnostic test kits market is largely dominated by global manufactures who are competing on the basis of adoption of tests in the market. The consolidated nature of the market and the availability of competitive product lines decreases the profitability of the business. However, growing awareness about preterm birth diagnostic test kits and growing demand for cost-effective diagnostic options for diagnosis of preterm labor have increased the revenue opportunities for global manufacturers. Companies, such as Qiagen, Hologic Inc, Biosynex, Clinical Innovations, hold majority of the revenue share in the global preterm birth diagnostic test kits market. These companies are continuously making efforts to launch novel product lines for preterm birth diagnostic test kits. Further, companies operating in preterm birth diagnostic test kits market are collaborating with local distributors/retailers to increase the penetration of their products in the preterm birth diagnostic test kits market.

Preterm birth diagnostic test kits witnessing considerable proliferation in China & Asia Pacific markets

As per discussions held with key opinion leaders in the preterm birth diagnostic test kits market, China is considered to be a leader in growth for preterm birth diagnostic kits. There seems to be substantial growth in Latin America but not as much as the growth witnessed in Asia Pacific and China market for preterm birth diagnostic test kits market. Manufacturers are India to grow significantly in the preterm birth diagnostic test kits market, but the costs levels are the main challenges for manufacturers in Europe.

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Competitive product lines pose challenges to the growth of the preterm birth diagnostic test kits market

Preterm birth diagnostic test kits could experience stiff competition from companies which manufacture and market pregnancy-related diagnostic products and services. In addition, healthcare providers tend to use diagnostic techniques such as clinical examinations, ultrasound, and certain other tests and evaluations to diagnose pre-term birth. Standard ultrasound, trans-vaginal scans, advanced ultrasound are some of the examinations adopted by healthcare providers. These tests evaluations are preferred over the use of preterm birth diagnostic test kits.

Competitive Landscape

The company’s reporttitled “Preterm birth diagnostic test kits Market provides detailed information about the growth parameters of the preterm birth diagnostic test kits companies. It includes detailed assessment of the competitive environment in the preterm birth diagnostic test kits market. The market study provides comprehensive data on each stakeholder in the preterm birth diagnostic test kits market, including Creative Diagnostics, Qiagen, Medixbiochemcia, Hologic Inc, Sera Prognostics, IQ Products, Biosynex, Nanjing Liming Biological Preparations Co Ltd, Clinical Innovations LLC, BIOSERV Diagnostics GmbH, Wuxi BioHermes Biomedical Technology Co. Ltd, Anhui Deep Blue Medical Technology. The report provides readers with all-encompassing data on each preterm birth diagnostic test kits manufacturer’s revenue shares, winning strategies, and latest information on key strategies in the preterm birth diagnostic test kits market.

Definition

A preterm birth diagnostic test kits helps in detecting on set of preterm labor and possibilities of premature rupture of membrane through biomarkers. In this report, the preterm birth diagnostic test kit manufacturing market is further categorized into sample type, product type, stages, and end users. The preterm birth diagnostic test kits report analyses the demand from the incidence preterm births and adoption of preterm birth diagnostic test kits.

About the Report

The market study on the preterm birth diagnostic test kits market was recently published by the company,which provides comprehensive information about the most important market dynamics that prove instrumental in the growth of the preterm birth diagnostic test kits market during 2016-2028. Companies in the Preterm birth diagnostic test kits Market can find the most accurate quantitative and qualitative information about the growth parameters of the other preterm birth diagnostic test kit manufacturers, which can help them develop data-driven business strategies in the coming future.

Segmentation

The company’s report onpreterm birth diagnostic test kits market provides salient information on market players. The preterm birth diagnostic test kits market is segmented by geographical region, product type, sample type, stages, and end users, to analyze the segment-wise growth of the preterm birth diagnostic test kits market. Based on geographical region, the preterm birth diagnostic test kits market is segmented into eight regions – North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), China, and the Middle East & Africa (MEA). The preterm birth diagnostic test kits market is segmented into product types, viz.,Fetal Fibronectin Test Kits (fFN), Placental Alpha Micro-globulin-1 test kits (PAMG-1), Insulin like Growth Factor Binding Protein-1 test kits (IGFBP-1). Depending on the sample type, the preterm birth diagnostic test kits market is divided into Blood sample urine sample, and vaginal discharge sample. By Stages, the market is segmented into extremely preterm, very preterm, and moderate to late preterm. By End users, the preterm birth diagnostic test kits market is segregated into hospitals, diagnostic laboratories, outpatient clinics, and research centers.

Additional Questions Answered

Readers can find detailed information about the important positive and negative factors affecting preterm birth diagnostic test kits market during the forecast period. Additionally, the preterm birth diagnostic test kits market report also contains valuable information that can provide preterm birth diagnostic test kit manufacturers with answers to critical questions, such as

Which types of product types account for the maximum demand for preterm birth diagnostic test kits market? Why is it so?

Why are the sales of preterm birth diagnostic test kits services and products highest in North America? What are the factors customers seek in preterm birth diagnostic test kits?

Which factors are influencing the strategies of players in the preterm birth diagnostic test kits market?

What are the current trends adopted by various preterm birth diagnostic test kits companies?

What are the strategies being applied by preterm birth diagnostic test manufacturers in order to sustain themselves in the competitive preterm birth diagnostic test kits market?

Research Methodology

The process of market research followed at the company commences with extensive secondary research of the preterm birth diagnostic test kits market. Analysts obtain industry-validated, historic, and current data about the demand for preterm birth diagnostic test kits across the globe. Comprehensive secondary research is followed by extensive and in-depth primary research, where detailed information about the preterm birth diagnostic test kits market is obtained in terms of value (US$ Million). Based on thorough secondary and primary research of the growth parameters of the preterm birth diagnostic test kits market, analysts come up with the most precise forecast on how the preterm birth diagnostic test kits market will grow during the forecast period.

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