Non-Invasive Prenatal Testing (NIPT) Market Emerging Trends | Ge Healthcare,Koninklijke Philips N.V.,Illumina, Inc.,Thermo Fisher Scientific, Inc.,F. Hoffman-La Roche Ltd, Perkinelmer, Qiagen N.V

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The Global Non-Invasive Prenatal Testing (NIPT) Market is projected to reach US$ 2.88 Billion by 2021 from US$ 1.35 Billion in 2016, at a CAGR of 16.4% from 2016 to 2021. The major factors driving the growth of this market include the growing preference for non-invasive techniques over invasive methods, rising focus on reimbursement for NIPT, launch of new and advanced NIPT products, and increasing maternal age (associated with growth in the risk of chromosomal abnormalities in babies).

By product, the non-invasive prenatal testing market is segmented into consumables and instruments. In 2016, the consumables segment accounted for the largest share of the market. The high demand due to the recurring requirement of consumables as compared to instruments is a key driver for the growth of this product segment.

On the basis of end user, the market is classified into diagnostic laboratories and hospitals. In 2016, the diagnostic laboratories segment accounted for the largest share of the market. Growth in this end-user segment can be attributed to the rising incidence of chromosomal abnormalities and increasing initiatives by companies to provide advanced equipment to diagnostic laboratories.

North America commanded the largest share of the global market in 2016. Asia is expected to grow at the highest CAGR during the forecast period. The high growth in the Asian market is attributed to increasing disposable income, rising healthcare infrastructure, rising awareness programs and conferences, and increasing focus of market players in this region. Some prominent markets in Asia include China, India, and Japan.

The Study Objectives of this report are:

• To forecast the size of the market with respect to four regions, namely, North America, Europe, Asia, and the Rest of the World

• To define, describe, and forecast the global non-invasive prenatal testing (NIPT) market on the basis of product, method, application, end user, and region

• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for the market leaders

• To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

• To track and analyze competitive developments such as agreements, collaborations, partnerships, product launches, acquisitions, expansions, and other developments in the NIPT market

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#Top Key Players in the “Non-Invasive Prenatal Testing (NIPT) Market” include are Ge Healthcare,Koninklijke Philips N.V.,Illumina, Inc.,Thermo Fisher Scientific, Inc.,F. Hoffman-La Roche Ltd.,Pacific Biosciences of California, Inc.,Perkinelmer, Inc.,Qiagen N.V.,Agilent Technologies, Inc.,Beijing Genomics Institute.

#Target Audience for Non-Invasive Prenatal Testing (NIPT) Market: Diagnostic laboratories,Hospitals,Medical research institutes,Market research and consulting firms,Venture capitalists,NIPT product manufacturers,Suppliers and distributors of NIPT instruments.

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