Newborn Screening Market foreseen to grow exponentially over 2031
The newborn screening market is predicted to rise at a stellar growth rate for the 2020 - 2030 forecast period. Rising prevalence of newborn disorders, availability of neonatal intensive care facilities, and favorable reimbursement scenarios are spelling growth in the newborn screening market.
Key parameters based on which the newborn screening market is divided are product, technology, and region.
The report provides an all-important analysis of the newborn screening market for the 2020 - 2030 forecast period covering demand dynamics, key segments, and competitive landscape.
GET A BROCHURE OF THE REPORT @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=7355
Newborn Screening Market - Competitive Landscape
The newborn screening market features an intensely competitive vendor landscape with the presence of several large medical devices manufacturing companies in the fray. Product innovation and development of existing products is the key focus of keen players in the newborn screening market to consolidate their position. These players are investing heavily in R&D and capital investments for such initiatives. M&As and strategic collaborations is also what keen players are engaged in to garner higher revenue share in the newborn screening market.
Prominent players in the newborn screening market include;
Chromsystems Instrumnets & Chemicals GmbH
Newborn Screening Market - Key Drivers
The vast rise in prevalence of newborn disorders that requires a combination of treatment, including screening is creating opportunities in the newborn screening market. Manufacturers of newborn screening are making intense efforts to develop avant-garde screening devices that feature all-in-one capabilities.
GET THE TABLE OF CONTENT OF THE REPORT @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=7355
Newborn screening usually involves detection of hearing, hormonal, congenital heart diseases, and metabolic disorders that can be treated if diagnosed early.
In the U.S, during 2015 - 2017, the statistics of newborn disorders was 34 for every 10,000 live births, according to the US CDC. Going by these numbers, nearly 12,900 infants are expected to be detected with a disorder each year, adds the US CDC." Hearing loss, sickle-cell disease, cystic fibrosis, and congenital hypothyroidism are most prevalent among newborns and infants that requires screening.
The high prevalence of congenital heart disease among newborns that requires screening underscores growth in the newborn screening market. According to the Indian Pediatric Academy, 9 out of each 1,000 births are identified with congenital heart disease in India. This translated to more than 200,000 children that are born with congenital heart diseases each year in the country.
Another statistics projected for congenital heart disease by BabysFirstTest.org - an organization that receives support from the US Health Resources and Services Administration - critical congenital heart disease is likely to affect two out of each 1,000 births each year in the U.S. in the future.
Newborn Screening Market - Regional Landscape
Asia Pacific is a key region in the overall newborn screening market owing to high birth rates and increasing disposable incomes in emerging economies of the region. According to statistics of the United Nations Children's Fund, India registers 25 million births each year, which is nearly one-fifth of the total childbirths each year globally.
The modernization of healthcare facilities, availability of technologically advanced medicine, and rising disposable incomes in India is opening the expanse of newborn screening. This is creating opportunities in the newborn screening market of Asia Pacific.
Besides this, China accounts for significant revenue to the newborn screening market in Asia Pacific. In the past 35 years, China has recorded tremendous demand for newborn screening for the detection of newborn disorders. For example, in 2017, the overall rate of PKU and CH screening crossed 96%.
GET A DISCOUNT ON THE REPORT @ https://www.tmrresearch.com/sample/sample?flag=D&rep_id=7355
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to busi-ness entities keen on succeeding in today's supercharged economic climate. Armed with an experi-enced, dedicated, and dynamic team of analysts, we are redefining the way our clients' conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Newborn Screening Market foreseen to grow exponentially over 2031 here
News-ID: 2662063 • Views: 134
More Releases from TMR Research
Biopsy Guidance System Market Real-Time Analysis and Forecast - 2031
Biopsy Guidance System Market: Overview The growing prevalence of cancer and the expanding geriatric population will serve as prominent growth generators for the biopsy guidance system market during the assessment period of 2020-2030. The cancer prevalence rate around the world is increasing at a rapid pace. The swelling fatality rate of cancer and the escalating need to control it will invite exponential growth for the biopsy guidance system market during the
Gantry Crane Market Detailed Analysis and Forecast -2031
Global Gantry Crane Market: Overview Products in the global gantry crane market, such as full gantry cranes, truss gantry cranes, semi gantry cranes, and portable gantry cranes are used across various end use industry verticals. Some of the major end use industries for the products in the global gantry crane market include automotive, construction, aerospace, shipyards and ports, metal and mining, warehouses, and utility, among others. Product The professional survey study
Liquid Ring Compressors Market Sluggish Growth Rate Foreseen by -2031
Liquid Ring Compressors Market: Overview The liquid ring compressors market is expected to experience various growth opportunities in the years to come. These growth opportunities in the market are possible with the rising demand for liquid ring compressors in the oil and gas industry. In addition to this, growing emission levels along with the rising use of fuel in the compresThe liquid ring compressors market is expected to experience various growth
Organic Beef Meat Market Robust Pace Of Industry During -2031
Organic Beef Meat Market: Overview The organic beef meat market is growing rapidly on the back of increasing health consciousness about the consumption of mass-manufactured food products. Further, a shift in the lifestyle of consumers is also stimulating demand for different organic-based and natural products among consumers. These factors are anticipated to bring lucrative opportunities in the organic beef meat market. The manufacturers from the food and beverages industry are also providing