Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 845.31 Million | USD 1634.27 Million | 7.6% | 2023 |
The global newborn screening market size was worth around USD 845.31 million in 2023 and is predicted to grow to around USD 1634.27 million by 2032 with a compound annual growth rate (CAGR) of roughly 7.6% between 2024 and 2032. The report analyzes the global newborn screening market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the newborn screening industry.
Newborn screening is a preventive pediatric screening test usually performed to diagnose any inborn abnormalities or congenital metabolism defects. Normally, newborns are more susceptible to infections, which can arise at any time, even from the first day of their lives. These newborn screening tests help physicians in the early detection of serious genetic disorders, which can result in a lifetime of disability if not treated at the right time. Newborn screening helps physicians to start the treatment from the initial stage, once the disease is diagnosed to reverse its prognosis. Early diagnosis and treatment help in the subsequent reduction of associated disabilities. These newborn programs differ from country to country, depending on the prevalence rate of different diseases and legal requirements for screening tests.
The global newborn screening market is mainly driven by the growing incidences of neonatal diseases, which is leading to the high demand for newborn screening tests. Initiatives by the government in creating awareness about neonatal hereditary diseases are further boosting the newborn screening market growth globally. Technological advancements and growth in funding from government organizations are also propelling this market. Additionally, companies are also engaging in partnerships and collaborations to extend their product offerings, to increase their market shares and expand operations. These partnerships and collaborations are helping enhance the R&D capabilities for manufacturing innovative devices to meet different consumer needs. In 2015, for instance, Roche Diagnostics and Human Longevity entered into a collaboration of Roche Diagnostics' subsidiary Genentech's to conduct whole-genome sequencing on de-identified samples. The partnership helped Roche Diagnostics to discover new diagnostics and targeted therapies and analyze patient samples based on precise genetic categories. These collaborative activities are also fast-tracking drug discovery efforts, which can help detect chromosomal abnormalities in neonates and in the development of new therapies, thus further boosting the newborn screening market globally.
The study provides a decisive view of the newborn screening market by segmenting it based on the product, screening test, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By product, the market for newborn screening is divided into instruments and assay kits and reagents. The instruments segment is further classified into pulse oximeter, mass spectrometer, hearing screening devices, laparoscopes, retinoscopes, ultrasound machines, and others.
On the basis of screening test, the newborn screening market is fragmented into critical congenital heart disease, dry blood spot test, hearing screen, urine test, and other tests.
Based on end-user, the newborn screening market is divided into hospitals, clinics, and diagnostic centers.
Report Attributes | Report Details |
---|---|
Report Name | Newborn Screening Market |
Market Size in 2023 | USD 845.31 Million |
Market Forecast in 2032 | USD 1634.27 Million |
Growth Rate | CAGR of 7.6% |
Number of Pages | 110 |
Key Companies Covered | Bio-Rad Laboratories, GE Healthcare, Thermo Fisher Scientific, Agilent Technologies, ZenTech, Trivitron Healthcare, PerkinElmer, Natus Medical, MP Biomedicals, and Medtronic |
Segments Covered | By Product, By Screening Test, By End-User, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Some of the major players in the global newborn screening market include:
Global Newborn Screening Market: By Product
Global Newborn Screening Market: By Screening Test
Global Newborn Screening Market: By End-User
Global Newborn Screening Market: By Region
FrequentlyAsked Questions
Newborn screening is a public health program that tests infants shortly after birth for a range of treatable but often undetected conditions. By identifying these conditions early, healthcare providers can initiate timely interventions, preventing serious health complications.
According to a study, the global newborn screening market size was worth around USD 845.31 million in 2023 and is expected to reach USD 1634.27 million by 2032.
The global newborn screening market is expected to grow at a CAGR of 7.6% during the forecast period.
North America is expected to dominate the newborn screening market over the forecast period.
Leading players in the global newborn screening market include Bio-Rad Laboratories, GE Healthcare, Thermo Fisher Scientific, Agilent Technologies, ZenTech, Trivitron Healthcare, PerkinElmer, Natus Medical, MP Biomedicals, and Medtronic, among others.
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