Increase in Preterm Births to Boost the Market for Global Preterm Birth and PROM Testing

The market for preterm birth and PROM testing is witnessing significant growth owing to the rise in preterm births. As per the survey conducted by World Health Organization (WHO), around 15 million babies are born premature, which means one in every ten babies is preterm. Additionally, complications due to preterm births leads to premature rupture of membranes (PROM), which is approximately in 30% of preterm births. Hence, the market for preterm births and PROM testing is driven by the rise in these incidences.

The aforementioned insights are taken from the market report titled, “Preterm Birth and PROM Testing Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” included recently in the extensive repository of Market Research Hub’s (MRH).

In 2017, the preterm birth and PROM testing market was worth $150.5 million and is expected to clock an impressive CAGR of 8% through 2026. However, less awareness about preterm births and PROM and lack of awareness about the availability of new technologies for the diagnosis of premature births will restrict the growth of the market.

Asia Pacific is predicted to be a lucrative region for preterm births and PROM testing owing to the increased awareness of availability of point-of-care testing devices and also increase in technology penetration. Additionally, increase in awareness about women’s health and rise in expenditure on health care will increase sales in the region.

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Global Preterm Birth and PROM Testing Market: Gist of the Report

This detailed report studies the preterm birth and PROM testing market at a global and regional level. Evaluation has been provided on the market for forecast period 2018 and 2026, with 2017 considered as a base year. This market research report also offers detailed analysis of the essential dynamics, including drivers, challenges, restraints, and opportunities affecting growth of the preterm birth and PROM testing market.

Micro- and macro-economic factors affecting the preterm birth and PROM testing market have been studied in this market report. The study provides a comprehensive analysis & prediction of the preterm birth and PROM testing market based on segmentation.

Regional split of the preterm birth and PROM testing market includes, Middle-East & Africa, Europe, North America, Asia Pacific, and Latin America. Country-level predictions have also been provided for the preterm birth and PROM testing market.

The preterm birth and PROM testing study also covers detailed competitive landscape assessment of the preterm birth and PROM testing market, wherein key players present in the market have been described. A SWOT analysis of all the market players covered has also been included in important areas of the report.

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Global Preterm Birth and PROM Testing Market: Analysis on Competitive Landscape

The competition landscape covered in the report focuses on offering details on the policies and plans of key players present in the preterm birth and PROM testing market. The study also included market participants that develop and sell preterm birth and PROM testing. Additionally, to help the buyers, key details such as – key growth plans, SWOT analysis, and market shares, of the participants are included in the market research report.

Companies who are entering the market along with established players in the market will have an added benefit with the policies of the players included in the concluding section of the preterm birth and PROM testing market report.

Key players of the preterm birth and PROM testing market are Qiagen, IQ Products, Hologic, Inc., NX Prenatal, Inc., Medix Biochemica, Cooper Companies, Inc., Biosynex, Sera Prognostics, Inc., Abbott Laboratories, and Clinical Innovations, LLC.

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This release was published on openPR.