Press release
The Global Prenatal and Newborn Genetic Testing Market is expected to reach US$ 11,204.7 Mn in 2027 from US$ 4,034.4 in 2018
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According to a new market research study titled Prenatal and Newborn Genetic Testing Market - Global Analysis and Forecasts by Product, Disease Indication and End User. The Global Prenatal and Newborn Genetic Testing Market is expected to reach US$ 11,204.7 Mn in 2027 from US$ 4,034.4 in 2018. The market is estimated to grow with a CAGR of 12.2% from 2019-2027. The report highlights the trends prevalent in the global prenatal and newborn genetic testing market and the factors driving the market along with those that act as deterrents to its growth.
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On basis of product, the global prenatal and newborn genetic testing market was segmented into screening and diagnostics. In 2018, the screening segment held the largest market share of 59.1% of the prenatal and newborn genetic testing market, by product. Moreover, the same segment is also expected to witness the highest CAGR over the coming years owing to the factors such as increasing number of pregnant females adopting prenatal screening, increased mandatory regulations for newborn screening tests and others. Moreover, screens are the first line tests that pregnant and newborn undergo that also adds up to the major share of the market and its dominance in the global market.
Key factors driving the growth of the market are a high prevalence of genetic diseases in infants, support from government to promote prenatal and newborn genetic test, and increase the birth rate in various countries across the globe. On the other hand, emerging market in developing countries is likely to offer growth opportunities that are operating in the global prenatal and newborn genetic testing market.
Some of the prominent players operating in prenatal and newborn genetic testing market are, Abbott, Quest Diagnostics Incorporated, Ravgen, Bio-Rad Laboratories, Inc., Illumina, Inc., F. Hoffmann La-Roche Ltd., Qiagen, Berry Gene, PerkinElmer, Inc., Natera, Inc., and Laboratory Corporation of America Holdings (Sequenom) among others. The market players are focused on bringing new and innovative products and services through various inorganic strategies such as acquisitions and mergers to sustain their position in the market. For instance, in September 2016, Laboratory Corporation of America (LabCorp) completed the acquisition of Sequenom, a genetic diagnostic company that offers diagnostic testing applications as well as genetic analysis products. LabCorp aims to establish a footprint into the prenatal and genetic diagnostic testing market through this acquisition.
Global Prenatal and Newborn Genetic Testing Market, By Regions, 2018 (%)
The report segments the global prenatal and newborn genetic testing Market as follows:
Global Prenatal and Newborn Genetic Testing Market – By Product
Diagnostic
Spectrophotometer
Polymerase Chain Reaction
Fluorescence in-situ Hybridization
Array-Comparative Genomic Hybridization
Screening
Maternal Serum Screening
Chronic Villus Sampling
Amniocentesis
Non-invasive Prenatal Testing
Global Prenatal and Newborn Genetic Testing Market – By Disease Indication
Cystic Fibrosis
Sickle Cell Anemia
Down Syndrome
Phenyketonuria
Other Diseases
Global Prenatal and Newborn Genetic Testing Market – By End User
Hospitals & Clinics
Diagnostic Centers
Other End Users
Global Prenatal and Newborn Genetic Testing Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific (APAC)
Japan
China
India
Australia
South Korea
Middle East & Africa (MEA)
South Africa
UAE
Saudi Arabia
South & Central America (SCAM)
Brazil
Argentina
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