Press release
Pediatric and Neonatal Testing Kit Market: Future Growth, Market Size, and Trends
Pediatric And Neonatal Testing Kit Market Share
The pediatric and neonatal testing kit market recently showed strong growth and is expected to continue in the same trend.
• In 2024, the market size will be $3.91 billion and will grow at a CAGR of 7.6% to reach $4.21 billion in 2025.
• This growth can be attributed to advancements in pediatric and neonatal care, increased focus on child health, expansion of healthcare infrastructure, growing awareness of prenatal testing, and evolving regulatory landscape.
• The market size is projected to increase to $6.04 billion in 2029, growing at a CAGR of 9.4%.
• This future growth rise will be due to increased demand for non-invasive testing methods, the expansion of point-of-care testing in pediatrics, increasing investments in neonatal and pediatric research, and the adoption of digital health solutions.
What Is Driving The Growth In The Pediatric And Neonatal Testing Kit Market?
The increasing prevalence of congenital disorders in newborn babies is driving the market growth. 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 treat those defects at an early stage. According to the World Health Organization (WHO), approximately 240,000 babies in the world die within the first 28 days of birth due to congenital disorders every year, and about 170,000 children aged between 1 month to 5 years die due to congenital conditions. Therefore, the increasing prevalence of congenital disorders drives the pediatric and neonatal testing kits market.
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Who Are the Key Players Driving Pediatric And Neonatal Testing Kit Market Growth?
Key players in the pediatric and neonatal testing kit market include:
• F. Hoffmann-La Roche AG
• Thermo Fisher Scientific Inc.
• Abbott Laboratories
• Medtronic Plc
• Siemens Healthineers
• GE Healthcare GmbH
• Eurofins Scientific SE
• Trivitron Healthcare Pvt Ltd.
• Hologic Inc.
• PerkinElmer Inc.
• Quidel Corporation
• Bio-Rad Laboratories Inc.
• QIAGEN NV
• Natus Medical Incorporated
• BioFire Diagnostics LLC
• Luminex Corporation
• Meridian Bioscience Inc.
• MP Biomedicals LLC
• ELITech Group SAS
• Baebies Inc.
• Labsystems Diagnostics Oy
• Advacare Pharma LLP
• Beckman Coulter Inc.
• JETA Molecular BV
• EpigenTek Group Inc.
• ZenTech SA
• Hangzhou Testsea Biotechnology Co. Ltd.
What Are The Key Trends In The Pediatric And Neonatal Testing Kit Market?
The major trends in the pediatric and neonatal testing kit market are:
• Development of rapid and accurate testing kits
• Implementation of next-generation sequencing in pediatric diagnostics
• Expansion of newborn screening programs
• Increasing focus on metabolic testing in neonates
• Integration of artificial intelligence in diagnostic tools
What Are The Segments Of The Global Pediatric And Neonatal Testing Kit Market?
The pediatric and neonatal testing kit market is segmented into:
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
Which Region Leads The Pediatric And Neonatal Testing Kit Market?
North America was the largest region in the pediatric and neonatal testing kit market in 2024. Other regions, such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa, also contribute significantly to the market.
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What Is Covered In The Pediatric And Neonatal Testing Kit Market Global Market Report?
- Market Size Analysis: Analyze the Pediatric And Neonatal Testing Kit Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pediatric And Neonatal Testing Kit Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pediatric And Neonatal Testing Kit Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pediatric And Neonatal Testing Kit Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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