Global Newborn Screening Market Report 2023-2030: Government Programs Fuel Growth, Tandem Mass Spectrometry Leads

DUBLIN, Jan. 16, 2024 /PRNewswire/ — The “Newborn Screening Market by Product Technology Application End User – Global Forecast to 2030” report has been added to  ResearchAndMarkets.com’s offering.

The global newborn screening market is projected to reach $2.49 billion by 2030, at a CAGR of 7.9% from 2023 to 2030.

Following a comprehensive primary and secondary study and an in-depth analysis of the market scenario, this report provides the key drivers, constraints, challenges, and opportunities of the industry. This market is driven by the rising prevalence of congenital heart diseases and genetic disorders, the increasing neonatal population, and the rising awareness regarding newborn screening.

Furthermore, emerging economies and government programs & legislation promoting newborn screening provide a significant growth opportunity for this market. However, the shortage of healthcare professionals and the emergence of non-invasive prenatal screening technologies may restrain the growth of this market. Additionally, ethical concerns related to newborn screening and the high costs of genomic newborn testing pose a major challenge for the players operating in this market.

Among products, in 2023, the consumables segment is expected to account for the largest share of the newborn screening market. The large market share of this segment is attributed to the increased demand for consumables for newborn screening, repeat purchases of consumables for newborn screening and the availability of advanced kits.

Among technologies, in 2023, the tandem mass spectrometry segment is expected to account for the largest share of the newborn screening market. The increasing prevalence of genetic disorders, cost-effectiveness, high applicability, short turnaround time, ability to screen multiple diseases simultaneously, and technological advancements are expected to boost the growth of this segment.

Among applications, in 2023, the inherited disorders segment is expected to account for the largest share of the newborn screening market. The large market share of this segment is attributed to factors such as the high prevalence of inherited disorders among newborns, variations and mutations in the genes, inherited gene defects, and abnormality in genetic composition.

Among end users, in 2023, the hospitals segment is expected to account for the largest share of the newborn screening market. The large market share of this segment is attributed to factors such as the high preference for hospitals as childbirth facilities, the growing newborn population, continuous improvements in healthcare infrastructure, utilization of advanced techniques, and the availability of skilled professionals.

In 2023, North America is expected to account for the largest share of the global newborn screening market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest-growing region of the global newborn screening market.

Market Insights

Industry & Technology Trends

Shift from Traditional Newborn Screening to Advanced TechnologiesLaws and Initiatives Supporting Newborn Screening Across Countries

Regulatory Analysis

OverviewU.S.CanadaEuropeAsia-PacificChinaJapanIndiaLatin AmericaMiddle East

Pricing Analysis

Porter’s Five Forces Analysis

Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

Thermo Fisher Scientific Inc. (U.S.)ARCHIMED Group (France)PerkinElmer Inc. (U.S.)Medtronic plc (Ireland)Trivitron Healthcare Pvt Ltd. (India)Bio-Rad Laboratories Inc. (U.S.)Demant A/S (Denmark)Baebies Inc. (U.S.)ZenTech s.a. (Belgium)F. Hoffmann-La Roche AG (Switzerland)

Scope of the Report:

Newborn Screening Market Assessment-by Product

InstrumentsConsumables

Newborn Screening Market Assessment-by Technology

Immune Assays & Enzymatic AssaysTandem Mass SpectrometryMolecular AssaysHearing Screening TechnologiesPulse OximetryOther Technologies

Newborn Screening Market Assessment-by Application

Congenital Heart DiseaseInherited DisordersMetabolic DisordersEndocrine DisordersHemoglobin DisordersOther Inherited DisordersInfectious diseasesHearing DisordersOther Applications

Newborn Screening Market Assessment-by End User

HospitalsReference Laboratories

Newborn Screening Market Assessment-by Geography

North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainRest of Europe (RoE)Asia-Pacific (APAC)ChinaJapanIndiaRest of APAC (RoAPAC)Latin AmericaBrazilMexicoRest of Latin America (RoLATM)Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/8uiu0c

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