Prenatal and Newborn Genetic Testing Market: COVID-19 Impact 2020 Analysis By Abbott, Quest Diagnostics Incorporated, Ravgen, Bio-Rad Laboratories, Illumina, F. Hoffmann La-Roche, Qiagen, Berry Gene, PerkinElmer, Natera, and others

Prenatal and Newborn Genetic Testing Market research added by the insight partners, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the Prenatal and Newborn Genetic Testing industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavours.

This report on Prenatal and Newborn Genetic Testing Market delivers an in-depth analysis that also comprises an elaborate assessment of this business. Also, segments of the Prenatal and Newborn Genetic Testing Market have been evidently elucidated in this study, in addition to a basic overview pertaining to the market’s current status as well as size, with respect to the profit and volume parameters. The study is ubiquitous of the major insights related to the regional spectrum of this vertical as well as the companies that have effectively gained a commendable status in the Prenatal and Newborn Genetic Testing Market.

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According to The Insight Partners 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.

Major Players Included in Prenatal and Newborn Genetic Testing report are as follows

Abbott
Quest Diagnostics Incorporated
Ravgen
Bio-Rad Laboratories, Inc.,
Illumina, Inc.
F. Hoffmann La-Roche Ltd.
Qiagen
Berry Gene
PerkinElmer, Inc.
Natera, Inc.
Laboratory Corporation of America Holdings (Sequenom)

Market Insights

High Prevalence of Genetic Diseases in Infants

Several types of genetic diseases affect the fetuses in the womb. The way in which these genetic diseases are inherited helps to determine the risk that they pose on pregnancy as well as the risk of its recurrence. The risk of having genetic diseases in babies is high in cases where the parents have another child with a genetic disease, family history of a genetic disorder, or if either of a parent has a chromosomal abnormality. There is a significant prevalence of genetic diseases among infants. Moreover, these diseases are also responsible for infant mortality across the globe. For instance, according to the World Health Organization 2016, an estimated 7.9 million infants across the world are born with genetic defects. Moreover, according to the Centers for Disease Control and Prevention (CDC), birth defects affects every 1 in 33 babies born in the US. On the other hand, chromosomal abnormalities such as Down syndrome affects 1 in 691 babies born in the US, as per the CDC’s data in 2017.

Thus, the high prevalence of genetic diseases among infants account for the increasing demands for prenatal and newborn genetic tests, thereby contributing to the growth of the market.

Emerging Markets in Developing Countries

The emerging markets in the developing countries in the Asia Pacific region are creating better opportunities for the major market players to expand their business. This is a major reason for the market growth in the forecast period. Most of the major players focus on emerging markets such as India, China, and others. As they have a large number of population and technological advancements in these countries also favor the growth of the market.

Furthermore, the growing healthcare sector in this region is likely to enhance the growth opportunities for the prenatal and newborn genetic testing market. For instance, the increasing number of corporate hospitals like Apollo group, Max, Fortis, and others in India is likely increasing professionalism as well as lead to the emergence of the latest medical technology. Max Healthcare offers the prenatal test in India in order to identify as well as prevent the permanent disability in the newborn.

Thus, growing population in emerging countries and advanced healthcare sector in the region is likely to boost the market and is expected to provide significant growth opportunities to the players operating in the market during the forecast period.

The report segments the global prenatal and newborn genetic testing Market as follows:

Global Prenatal and Newborn Genetic Testing Market – By Product

• Diagnostic
o Spectrophotometer
o Polymerase Chain Reaction
o Fluorescence in-situ Hybridization
o Array-Comparative Genomic Hybridization
• Screening
o Maternal Serum Screening
o Chronic Villus Sampling
o Amniocentesis
o 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

Prenatal and Newborn Genetic Testing Market: Regional analysis includes:

Asia-Pacific(Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe(Turkey, Germany, Russia UK, Italy, France, etc.)
North America(the United States, Mexico, and Canada.)
South America(Brazil etc.)
The Middle East and Africa(GCC Countries and Egypt.)

Prenatal and Newborn Genetic Testing Market: Competitive Landscape-

Analysts have thoroughly evaluated the competitive landscape in the Prenatal and Newborn Genetic Testing Market. The report includes the study of key players in the Prenatal and Newborn Genetic Testing Market. It also outlines the strategic initiatives companies have taken in recent years to keep pace with increasing competition. It also includes an assessment of the financial perspectives of these companies, their research and development plans, and their future business strategies.

Prenatal and Newborn Genetic Testing Market:
Drivers and Restraints-

The comprehensive market assessment of Prenatal and Newborn Genetic Testing contains a complete explanation of the controls available on the market. Analysts have studied investment in research and development, the impact of changing economies, and consumer behaviour to determine the factors that will drive the market in general. In addition, analysts have attempted to take into account changes in manufacturing and industrial operations that determine product sales in the Prenatal and Newborn Genetic Testing Market.

This chapter also explains the possible restrictions on the Prenatal and Newborn Genetic Testing Market. Assess the reasons that could hinder market growth. Analysts have assessed growing environmental concerns and fluctuating raw material costs, which are predicted to dampen the spirit of the Prenatal and Newborn Genetic Testing Market. However, analysts have also identified potential opportunities that players in the Prenatal and Newborn Genetic Testing Market can rely on. The chapter on controls, restrictions, threats and opportunities offers a holistic view of the Prenatal and Newborn Genetic Testing Market.

Key Questions Answered

How big will the market for Prenatal and Newborn Genetic Testing be in 2027?
What is the current CAGR of the Prenatal and Newborn Genetic Testing Market?
Which product is expected to have the highest market growth?
Which application should be used to win a large part of the market for Prenatal and Newborn Genetic Testing ?
Which region is likely to offer the most opportunities on the Prenatal and Newborn Genetic Testing Market?
Will the market competition change in the forecast period?
Who are the main players currently active in the global Prenatal and Newborn Genetic Testing Market?
How will the market situation change within the coming years?
What are the usual commercial tactics for players?
What is the growth perspective of the global Prenatal and Newborn Genetic Testing Market?

Answering these types of questions can be very useful for gamers to clear up their doubts as they implement their strategies to grow in the global Prenatal and Newborn Genetic Testing Market. The report provides a transparent picture of the actual situation in the global Prenatal and Newborn Genetic Testing Market so that companies can work more effectively. It can be tailored to the needs of readers to better understand the global market for Prenatal and Newborn Genetic Testing.

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