Newborn Screening Market Insights on Trends, Drivers and Opportunities by 2023 & key players - GE Healthcare, Thermo Fisher Scientific Inc., PerkinElmer Inc., Bio Rad Laboratories, Inc., Trivitron Healthcare, Agilent Technologies.

Newborn Screening Market Size and Growth Rate:
Newborn Screening Market was valued at USD 0.58 billion in 2016 and projected to reach USD 1.49 billion by 2023 growing at a CAGR of 11.14% during the forecast period 2018 to 2023.

Newborn Screening Market Overview:
Newborns are more susceptible to infections, which can occur at any time from the first day of life. The newborn screening test is a pediatric test that is performed to diagnose congenital or inborn abnormalities of the metabolism to identify the disease. Newborn screening helps early detection of serious genetic diseases that can cause disability or death if not treated in the initial stage. It 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 the disease in the population and the legal requirements for newborn screening in a given country.

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Newborn Screening Market Growth Drivers and Restraints:
The market for newborn screening is linked to the higher incidence of newborn diseases, which results in a high demand for those tests. Increasing government efforts to raise awareness of hereditary newborn diseases have further increased the demand in the global market. Increased funding for government organizations and technological advances in testing are driving the global newborn screening market. However, strict regulation in some countries, delays in hospitalization, and the lack of technologically advanced testing tools and instruments in developing countries are important limitations for the market. It is expected that private sector investment in newborn screening programs in developing countries and associations of private investors with hospitals and diagnostic centers will provide growth opportunities for the market in densely populated developing countries.

Geographic Insights of Newborn Screening Market:
Geographically, the global market for newborn screening has been divided between North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America represents an important part of the world market. The increase in technological advances in detection, the introduction of new testing methods and the increasing governmental initiatives to promote the detection of newborns through detection programs are factors that can stimulate the market in North America in the near future. The proliferation of research activities that lead to early diagnosis and treatment of rare diseases is also increasing the market in the region. The Asia-Pacific region is a growing market for newborn screening, due to the increasing number of premature births and the growing awareness of newborn genetic diseases in the region.

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Key Market Players of Newborn Screening Market:
GE Healthcare, Thermo Fisher Scientific Inc., PerkinElmer Inc., Bio Rad Laboratories, Inc., Trivitron Healthcare, ZenTech S.A., Agilent Technologies, MP Biomedicals LLC, Medtronic, and Natus Medical Incorporated are the prominent players of the market.

Newborn Screening Market Key Segmentation:

By Test Type:
• CCHD
• Dry blood spot test
• Hearing screen

By Product:
• Reagents
• Instruments

By Technology:
• Pulse oximetry
• DNA assay
• Tandem mass spectrometry
• Enzyme based assay
• Electrophoresis
• Others

By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa

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