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Newborn Screening Market to Reach USD 3.7 Billion by 2031, At growth rate CAGR of 8.0%

11-13-2023 05:40 AM CET | Health & Medicine

Press release from: Global Insight Services

/ PR Agency: Global Insight Services
Newborn Screening Market to Reach USD 3.7 Billion by 2031,

The Newborn Screening Market has emerged as a crucial component of preventive healthcare, aiming to identify congenital disorders and metabolic conditions in newborns early in their lives. Newborn screening involves the analysis of blood samples to detect genetic, metabolic, and developmental disorders, allowing for timely intervention and treatment. The market has experienced significant growth due to the increasing recognition of the benefits of early diagnosis in preventing long-term health complications.

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Advances in technology have expanded the scope of newborn screening, enabling the detection of a broader range of disorders with improved accuracy and efficiency. Governments and healthcare organizations globally are emphasizing the implementation of comprehensive newborn screening programs, contributing to the market's expansion. As the importance of early detection and intervention gains prominence in pediatric healthcare, the Newborn Screening Market is anticipated to continue evolving, with ongoing innovations enhancing its effectiveness in improving the health outcomes of newborns.

Key Trends

A key trend in the Newborn Screening Market is the integration of advanced technologies, particularly molecular and genetic testing, to enhance the scope and precision of newborn screening programs. Traditional newborn screening methods typically focus on metabolic disorders, but advancements in genomic medicine now allow for the identification of a wider range of genetic conditions. Next-generation sequencing (NGS) and other molecular techniques enable simultaneous screening for multiple disorders, offering a more comprehensive and efficient approach. Additionally, the incorporation of tandem mass spectrometry and other high-throughput technologies enhances the accuracy of results.

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Key Drivers

A key driver propelling the Newborn Screening Market is the growing awareness of the critical role early detection and intervention play in preventing severe health complications and improving outcomes for newborns. Newborn screening programs have become an integral part of public health initiatives globally, with a focus on identifying congenital disorders and metabolic conditions that might not be apparent at birth. The increasing prevalence of genetic and metabolic disorders, coupled with advancements in screening technologies, has driven the expansion of newborn screening panels, allowing for the identification of a broader spectrum of conditions.

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Market Segmentation : Newborn Screening Market

Newborn Screening Market By Product : Instruments, Reagents

Newborn Screening Market By Technology : Tandem Mass Spectrometry, Pulse Oximetry, Enzyme Based Assay, DNA Assay, Electrophoresis, Others

Newborn Screening Market By Test Type : Dry Blood Spot Test, CCHD, Hearing Screen

Newborn Screening Market By Region : North America : US, Canada, Mexico, Europe : The UK, Germany, France, Italy, Spain, Netherlands, Switzerland, Asia-Pacific : China, India, Japan, South Korea, Australia, Singapore, Indonesia, Rest of Asia-Pacific, Rest of the World : Latin America, Middle East, Africa

Key Players

PerkinElmer (US)
Demant A/S (Denmark)
Natus Medical (US)
Bio-Rad Laboratories (US)
Danaher Corporation (US)
Medtronic (Ireland)
Chromsystems Instruments & Chemicals GmbH (Germany)
Trivitron Healthcare (India)
Baebies (US)
Recipe Chemicals+Instruments (Germany)

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10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
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Contact Us :

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 15998
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services :

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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