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Newborn Screening Market To Record Sturdy Growth By 2025

01-18-2018 09:37 AM CET | Health & Medicine

Press release from: Transparency Market Research

Newborn Screening Market To Record Sturdy Growth By 2025

Newborns are more prone to infections, which may occur at any time from the first day of life. Newborn screening is a preventive pediatric screening test conducted to diagnose congenital or inborn abnormalities of metabolism in order to identify the disease. Newborn screening helps in the early detection of serious genetic diseases, which may result in disability or death if not treated at the initial stage. Newborn screening helps in the diagnosis of diseases and helps physicians start the treatment from the first week of life in order to reverse the prognosis. Early diagnosis and treatment result in significant reduction in associated disabilities, mortality, and morbidity. Newborn programs differs from country to country, depending on the prevalence of a disease condition among the people and legal requirements for newborn screening tests in a particular country.

The Newborn Screening Market is driven by increase in the incidence of neonatal diseases, which leads to high demand for newborn screening tests. Growing government initiatives in creating awareness regarding neonatal hereditary diseases have further augmented the demand for newborn screening in the global market. Increase in funding from government organizations and technological advancements in tests are driving the global newborn screening market. However, stringent regulatory environment in certain countries, delays in hospitalization, and unavailability of technologically advanced instruments and tests in developing countries are major restraining factors for the global newborn screening market. Investment by the private sector in newborn screening programs in developing countries and partnerships of private investors with hospitals and diagnostic centers are projected to offer growth opportunities to the newborn screening market in developing countries with large population.

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Geographically, the global newborn screening market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for a leading share of the global newborn screening market. Growing technological advancements in screening, introduction of new test methods, and rising government initiatives to promote newborn screening through implementation of screening programs are factors likely to drive the market in North America in the near future. Increase in research activities leading to early diagnosis and treatment of rare diseases is also augmenting the market in the region. Asia Pacific is a rapidly expanding market for newborn screening, owing to rising number of pre-term births and growing awareness regarding newborn genetic diseases in the region.

Key players operating in the global newborn screening market are Thermo Fisher Scientific Inc., GE Healthcare, Bio Rad Laboratories, Inc., PerkinElmer Inc., ZenTech S.A., Trivitron Healthcare, MP Biomedicals LLC, Agilent Technologies, Medtronic, and Natus Medical Incorporated.

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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.

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