Prenatal and Newborn Genetic Testing Market Analysis including Growth, Challenges, Opportunities and Future Developments to 2026

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.
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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.
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
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Based on 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 women and newborn undergoes that also adds up to the major share of the market and its dominance in the global market.

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This release was published on openPR.