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Pediatric And Neonatal Testing Kit Market Report 2023-2032: Market Size, Revenue Trends And Growth Drivers | F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic Plc, Siemens Healthineers
Pediatric And Neonatal Testing Kit Market
The Business Research Company's Pediatric And Neonatal Testing Kit Global Market Report 2023 identifies increased prevalence of congenital disorders in newborn babies as the major driver for the Pediatric And Neonatal Testing Kit market's growth in the forecast period. Congenital disorders occur during fetal development or are present at birth. Pediatric and neonatal screening is beneficial in detecting the presence of any congenital disabilities and helps healthcare professionals to treat those defects at an early stage.
The global pediatric and neonatal testing kit market is expected to grow from $3.41 billion in 2022 to $3.70 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pediatric and neonatal testing kit market is expected to reach $5.03 billion in 2027 at a CAGR of 8%.
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Major competitors in the Pediatric And Neonatal Testing Kit market are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic Plc, Siemens Healthineers.
A key trend in the Pediatric And Neonatal Testing Kit market includes development of novel screening tests. Major companies in the market are focusing on developing novel screening kits, such as Calmark Neo-Bilirubin, on sustaining their position in the market. For instance, in April 2020, Calmark, a Sweden-based diagnostics company, announced that its product Calmark Neo-Bilirubin had received regulatory approval and a CE mark from the European Union. The new product is a point-of-care diagnostic system for measuring bilirubin in newborns. Contrary to traditional test methods, the new creation has a high tolerance to hemolysis and can produce accurate results at up to 60% hematocrit. It is specially designed for use in hospital environments and approved by NEST360 Qualified for better quality and safety.
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The Pediatric And Neonatal Testing Kit market is segmented -
1. By Test Type: Dried Blood Spot, Hearing Screening, Critical Congenital Heart Defect (CCHD), Other Test Types
2. By Product: Assay Kits And Reagents, Instruments
3. By Technology: Tandem Mass Spectrometry, Pulse Oximetry, Enzyme-Based Assays, DNA Based Assays, Electrophoresis, Others Technologies
4. By End User: Hospitals, Diagnostic Centers, Maternity And Specialty Clinics, Other End Users
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Pediatric And Neonatal Testing Kit market.
The Business Research Company's "Global Pediatric And Neonatal Testing Kit Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pediatric And Neonatal Testing Kit Market Include:
1. Executive Summary
2. Pediatric And Neonatal Testing Kit Market Characteristics
3. Pediatric And Neonatal Testing Kit Market Trends And Strategies
4. Pediatric And Neonatal Testing Kit Market - Macro Economic Scenario
……
32. Global Pediatric And Neonatal Testing Kit Market Competitive Benchmarking
33. Global Pediatric And Neonatal Testing Kit Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pediatric And Neonatal Testing Kit Market
35. Pediatric And Neonatal Testing Kit Market Future Outlook and Potential Analysis
36. Appendix
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