Prenatal Testing Market Expecting Worldwide Growth by 2026 – Persistence Market Research

With an increasing number of stillbirths, the prenatal testing market is expected to have sizeable growth opportunity during the forecast period (2016-2024). The major factors driving the growth of the prenatal testing market are increasing awareness about prenatal testing in developing and developed countries, increasing healthcare accessibility in major countries and increasing the disposable income of the population in emerging economies. While the factors hindering the prenatal testing market are hemorrhage, increasing the number of unsafe abortion, age during pregnancy, obstructed labor, obesity, smoking and more. Noninvasive prenatal genetic testing (NIPT) is gaining popularity in emerging economies which aids in the detection of fetal chromosomal aneuploidies in pregnant women, it has been proved more effective and is encouraged in all countries.

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By region presence, the prenatal testing market is segmented into five key regions: North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. Currently, North America dominates the global market for prenatal testing due to high adoption rate and diagnosis rate, followed by Europe. The prevalence rate of stillbirths and perinatal mortality is comparatively declining since 2006 due to increasing awareness about prenatal testing. However, factors such chromosomal abnormalities and infections are still causing health problems as observed by the researchers. The prenatal testing market in Asia-Pacific and the Middle East and Africa is expected to register high growth due to developing healthcare infrastructure and rising prenatal issues shortly.

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Some of the major market players in prenatal testing market globally include Laboratory Corporation of America Holdings, Sequenom, Quest Diagnostics, Illumina, Inc., GeneDx., Ariosa Diagnostics, Natera, Inc., Ravgen, Counsyl, Inc., Eurofins NTD Inc., PREMAITHA HEALTH and Prenatal Paternities Inc.

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