Newborn Screening Market To Record Sturdy Growth By 2025
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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