New-Born Screening Equipment Market Predicted to Witness Steady Growth During the Forecast Period
The global newborn screening market is categorized on the basis of technology, test type, product, and geography. The market is driven by factors such as benefits offered after newborn testing programs, advanced technology which help in introducing innovative devices, government initiative by providing funds and prevalence of newborn diseases. The rising Asian region and approach of next-generation sequencing technology are liable to offer prospects for newborn screening market to grow.
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New-born Screening Equipment Market: Drivers and Restraints
Factors contributing to the growth of newborn screening equipment market includes the rise to incidence of newborn diseases, increasing awareness among the population base results in growth of market, rise in demand for newborn diagnosis, technological advancements to propel the growth of the market, market is growing as new entrants entering the market and government initiatives to bolster the growth of the market
However factors such as socio economic factors tremendously affect the market, lack of trained professionals and lack of healthcare infrastructure may hinder the growth of the market
New-born Screening Equipment Market: Overview
With rising incidence of diseases, rapid innovations in technology in medical field, and government initiative in spending for research and development, the newborn screening equipment market is expected to have tremendous growth during the forecast period (2016-2026).
New-born Screening Equipment Market: Region- wise Outlook
The global newborn screening equipment market is expected to grow at a faster rate during the forecast period. Depending on geographic regions, global newborn screening equipment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
North America holds the largest share for newborn screening market due to growing prevalence and awareness of neonatal disorders, followed by Europe due to advancement in healthcare industry and expanded government support. On the other hand, Asia Pacific Market is showing an extremely positive development because of high rate of advancement in healthcare industry, rising prospects for new marketer and escalating government activity for the control of newborn diseases.
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New-born Screening Equipment Market: Segmentation
Global newborn screening equipment marketis segmented on the basis of products, test type and technology as following:
Blood Spot Disease
Critical Congenital Cardiac Disease
Sickle cells Disease
Maple Syrup Disease
Hearing Screening Devices
New-born Screening Equipment Market: Key Players
Some of the key market players in global newborn screening equipment market are, Agilent Technologies, Bio-Rad Laboratories, Covidien PLC, GE Life Sciences, Masimo Corporation, Natus Medical Inc., PerkinElmer Inc., Trivitron Healthcare (India), and ZenTech S.A.
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