An exclusive Prenatal and Newborn Genetic Testing Market research report has been fabricated through the in depth analysis of the market dynamics across five regions including North America, Europe, South America, Asia-Pacific, Middle East and Africa. The segmentation of the market by components, end users, and region was done based on the thorough market analysis and validation through extensive primary inputs from industry experts (key opinion leaders of companies, and stakeholders) and secondary research (global/regional associations, company’s website, annual report SEC filing, and paid databases). Further, the market has been estimated by utilizing various research methodologies and internal statistical model.
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The prenatal and newborn genetic testing market accounted to US$ 4,034.37 Mn in 2018 and is expected to grow at a CAGR of 12.2% during the forecast period 2019 – 2027, to account to US$ 11,204.74 Mn by 2027.
Top Key Players:
- Quest Diagnostics Incorporated
- Bio-Rad Laboratories, Inc.,
- Illumina, Inc.
- F. Hoffmann La-Roche Ltd.
- Berry Gene
- PerkinElmer, Inc.
- Natera, Inc.
- Laboratory Corporation of America Holdings (Sequenom)
Prenatal and Newborn Genetic Testing Market report also provide a in-depth understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, and opportunities in the market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of last three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Prenatal and Newborn Genetic Testing Market revenue by understanding the strategic growth approaches.
Based on product, the global prenatal and newborn genetic testing market was segmented into screening and diagnostics. In 2018, the screening segment held the largest market share of 59.1% of the prenatal and newborn genetic testing market, by product. Moreover, the same segment is also expected to witness the highest CAGR over the coming years owing to the factors such as increasing number of pregnant females adopting prenatal screening, increased mandatory regulations for newborn screening tests and others. Moreover, screens are the first line tests that pregnant women and newborn undergoes that also adds up to the major share of the market and its dominance in the global market.
High Prevalence of Genetic Diseases in Infants
Several types of genetic diseases affect the fetuses in the womb. The way in which these genetic diseases are inherited helps to determine the risk that they pose on pregnancy as well as the risk of its recurrence. The risk of having genetic diseases in babies is high in cases where the parents have another child with a genetic disease, family history of a genetic disorder, or if either of a parent has a chromosomal abnormality. There is a significant prevalence of genetic diseases among infants. Moreover, these diseases are also responsible for infant mortality across the globe. For instance, according to the World Health Organization 2016, an estimated 7.9 million infants across the world are born with genetic defects. Moreover, according to the Centers for Disease Control and Prevention (CDC), birth defects affects every 1 in 33 babies born in the US. On the other hand, chromosomal abnormalities such as Down syndrome affects 1 in 691 babies born in the US, as per the CDC’s data in 2017.
Prenatal and Newborn Genetic Testing Market – Global Analysis to 2027 is an exclusive and in-depth study which provides a comprehensive view of the market includes the current trend and future amplitude of the market with respect to the products/services. The report provides an overview of the Prenatal and Newborn Genetic Testing Market with the detailed segmentation by components, end user, and region through in-depth traction analysis of the overall Prenatal and Newborn Genetic Testing industry. This report provides qualified research on the market to evaluate the key vendors by calibrating all the relevant products/services to understand the positioning of the major players in Prenatal and Newborn Genetic Testing Market.
The report is a combination of qualitative and quantitative analysis of the Prenatal and Newborn Genetic Testing industry. It provides market estimation and forecasting of the Prenatal and Newborn Genetic Testing market for the period of 2018 to 2027, considering 2018 as the base year and 2019-2027 as the forecast period. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SCAM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
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