Newborn Screening LC-MS Reagent Kits Market Insights and Development Trends 2019-2026: Prominent Players Active in the Market- PerkinElmer Inc., Chromsystems Instruments & Chemicals GmbH, Zivak Technologies etc.

Newborn Screening LC-MS Reagent Kits Market Snapshot:

The global newborn screening LC-MS reagent kits market was valued at USD 233.86 million in 2019 and is expected to grow at a CAGR 6.8% during the forecast period 2019–2029.
Newborn screening is the practice of testing babies in their first days of life for developmental, genetic, metabolic disorders, and conditions that can deter their normal development. Early detection and treatment can help prevent intellectual and physical disabilities and life-threatening illnesses. LC-MS/MS method is primarily employed for the detection of amino acids and acylcarnitine in blood. Tandem mass spectrometry can efficiently detect even a low concentration of the compounds that can be used to determine if the baby has any inborn metabolic disease or not.

The rising neonatal population coupled with the increasing prevalence of congenital disorders is driving the market growth. A congenital anomaly is one of the leading causes of neonatal morbidity and mortality, especially in developing countries. According to the report published by the United Nations, about 250 babies are born every minute and more than 130 million in a year. Out of this, over 330,000 newborns die during their first 28 days of life due to congenital disorders. It has been found that neural tube defects, heart defects, and Down syndrome are the most common and severe congenital irregularities in newborns; however, newborn screening can help in bringing down the overall mortality and improve living. Both federal and state governments are responsible for governing newborn screening and approving the screening tests for public use, which further ensures that laboratories processing the screening tests meet the set standards.

The non-derivatized method is rapid and cost-effective as well as needs minimum preventive maintenance than the derivatized method. It is frequently used in the initial stage of newborn screening, and derivatized reagent kits are used only for confirming the test. Therefore, the consumption of non-derivatized reagents is higher than the derivatized. In line with this, several key market players are launching new non-derivatized MSMS kits in the market.

North America is leading the global newborn screening LC-MS market, owing to the well-developed newborn screening program being followed across all the U.S. states. As per the CDC, more than 4 million babies were screened for various possible conditions in 2017. Precise conditions for the newborn screening was provided through extensive research by the American College of Medical Genetics (ACMG) under the supervision of the U.S. Department of Health and Human Services (HHS). To increase awareness regarding newborn screening, the U.S. health department has published free data to aid parents in managing these conditions. In December 2014, members of Congress in the U.S. passed the Newborn Screening Saves Lives Reauthorization Act bill to renew and upgrade the federal initiatives for newborn screening.

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The Major Prominent Players Covered in this Report:
Prominent Players Active in the Market- PerkinElmer Inc., Chromsystems Instruments & Chemicals GmbH, Zivak Technologies, Tech. Dev. Pte. Ltd (SCIEX), RECIPE Chemicals, and Labsystems Diagnostics Oyare some of the key players leading the global newborn screening LC-MS reagent kits market. & More.

Newborn Screening LC-MS Reagent Kit market segmentation-
By Type- Derivatized, Non derivatized,
By Sales Channel- Protein Metabolism, Fatty Acid Metabolism, Organic Acid Metabolism, Others

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Newborn Screening LC-MS Reagent Kits in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Newborn Screening LC-MS Reagent Kits market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Newborn Screening LC-MS Reagent Kits and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Newborn Screening LC-MS Reagent Kits. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Findings
The non-derivatized segment accounted for the largest revenue in 2018 and it was valued at 25 million in 2018
In 2019, protein acid metabolism emerged as the largest application segment in terms of revenue
North America held the largest revenue share of 65% in the global newborn screening LC-MS reagent kits market in 2019

Key Questions Answered in The Report:
What will the Newborn Screening LC-MS Reagent Kits market growth rate?
What are the key factors driving the global Newborn Screening LC-MS Reagent Kits market?
Who are the key manufacturers in the Newborn Screening LC-MS Reagent Kits market space?
What are the market opportunities, market risk, and market overview of the Newborn Screening LC-MS Reagent Kits market?
What are sales, revenue, and price analysis of top manufacturers of the Newborn Screening LC-MS Reagent Kits market?
Who are the distributors, traders, and dealers of the Newborn Screening LC-MS Reagent Kits market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Newborn Screening LC-MS Reagent Kits Industry?
What are sales, revenue, and price analysis by regions of Newborn Screening LC-MS Reagent Kits industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Newborn Screening LC-MS Reagent Kits Market Trends:
- The report identifies, determines, and forecasts the Global Newborn Screening LC-MS Reagent Kits Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Newborn Screening LC-MS Reagent Kits Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Newborn Screening LC-MS Reagent Kits Market.

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