Prenatal and New-born Genetic Testing Market is expected to grow at a CAGR of 26.9% by 2019

The global prenatal and newborn genetic testing market is progressing at a CAGR of 26.9% within a forecast period of 2013 to 2019. The market was valued at US$1.20 bn in 2012. By the end of 2019, this market will be valued at US$8.37 bn, according to a research report released by Transparency Market Research.

View Full Report: http://www.transparencymarketresearch.com/prenatal-new-born-genetic-testing.html

Prenatal and newborn genetic testing refers to the use of a certain set of screening procedures that can detect abnormalities in the chromosomes of a child or a fetus. The tests can be used in 8 to 10 weeks of gestation. They can help detect genetic diseases such as Edward Syndrome, Patau Syndrome, and Down syndrome.

According to the report, the global prenatal and newborn genetic testing market is primarily driven by the high number of women opting for late childbirth. This increase in the average maternal age as well as late pregnancies is boosting the global prenatal and newborn genetic testing market to adopt faster and more efficient technologies. Another driver for this market is the increasing rate of awareness among individuals regarding the benefits of conducting prenatal genetic testing. The global prenatal and newborn genetic testing market can successfully help a parent detect whether their newborn or a fetus has any genetic disorders.

Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1744

There is a subtle increase in the number of newborns being diagnosed with genetic defects. This is causing expectant mothers to opt for genetic testing early on in order to diagnose and cure any such defects. The Northwestern Medical Faculty Foundation had previously stated that a majority of women, both with newborns and those who are pregnant, are choosing genetic screening of their fetus or child in the United States.

The report provides details on the global prenatal and newborn genetic testing market with a segmented approach, with technology and geography being the key criteria. In terms of diagnostic tests, a sub-segment of technology, the global prenatal and newborn genetic testing market was led by PCR in 2012, owing to its high rate of success, procedural simplicity, and accuracy.

Request to Download Brochure link: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1744

The other sub-segment of technology is screening tests, and it was led by NIPT in 2012. NIPT is also expected to be the fastest-growing segment for the given forecast period – a 37.60% CAGR between 2013 and 2019.

Geographically speaking, the global prenatal and newborn genetic testing market was led by North America in 2013 owing to the high popularity of NIPT as it is noninvasive. At the same time, a rapidly growing rate of awareness in Asia Pacific has helped this region achieve the fastest growth rate in the market for the given forecast period.

Global Prenatal and New-born Genetic Testing Market Market Report is available @ US$ 5795: http://www.transparencymarketresearch.com/checkout.php?rep_id=1744<ype=S

Key players in the global prenatal and newborn genetic testing market are Sequenom, Inc., PerkinElmer, Inc., Natera, Inc., Laboratory Corporation of America Holdings, Illumina, Inc., Bio-Rad Laboratories, Inc., Ariosa Diagnostics, Inc., and Agilent Technologies, Inc.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact us:

Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.