The global newborn screening market is expected to reach USD 1.43 billion by 2022, according to a new report by Grand View Research Inc. Increasing occurrence of congenital disorders that lead to mental retardation or dysfunctioning body organs and the availability of advanced screening technologies are expected to drive market growth over the forecast period.
Furthermore, the market is expected to witness a boost in demand owing to, the presence of Federal Bodies involved in organizing awareness and quality assurance programs to imbibe faith and decrease the number of deaths caused due to negligence & non-screening. For instance, in 2011, the Ministry of Health, Japan recommended the use of mass spectrometry in newborn screening and by 2014, the entire nation started utilizing it for 19 critical conditions.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/newborn-screening-market
Further key findings from the report suggest:
·
Tandem mass spectroscopy is expected to account
for over 25% of newborn screening market share by 2022, owing to its ability to
render faster diagnosis and cost effectiveness.
·
Pulse oximetry is expected to witness gains of
over 9.0% over the forecast period. Masimo’s Eve software and Radical-7
oximeter gained CE marking in 2014 leading to a growth in demand supported by
quality assurance and better analysis.
·
Dry blood spot test is expected to witness
lucrative growth over the forecast period. Free distribution of filter paper by
government is expected to boost the primary screening of all newborns, thereby,
accelerating market growth.
·
Presently, 100% screening of over 4 million
neonates is carried out in the North America annually. Encouraging efforts to
prevent long term disabilities by healthcare providers and government agencies
are some vital factors influencing regional market growth. Presence of
favorable reimbursement policies reduces the burden of treatment cost, thereby,
promoting higher procedure volumes
·
Asia Pacific newborn screening market is
expected to witness the fastest growth of over 11.0% during the forecast
period. This growth is attributed to the presence of large untapped
opportunities, rising healthcare expenditure levels, increasing disease
prevalence rate, and the introduction of supportive government initiatives.
·
Some key players of this market include Agilent
Technologies Inc., AB Sciex LLC, Natus Medical Inc., PerkinElmer Inc., Covidien
Plc, Masimo Corp., Trivitron Healthcare, Bio-Rad Laboratories Inc. GE
Healthcare and Waters Corp.
·
Market participants are constantly engaged in
developing technologically advanced products in an attempt to improve presence
and ensure sustainability. PerkinElmer’s “EnLite Neonatal TREC Kit” gained FDA
approval in 2014 for the diagnosis and treatment of Severe Combined
Immunodeficiency Disease (SCID) leading to replacement of non-approved tests in
certain states of the U.S.
·
Over 20 states along with the Navajo Nation and
the District of Columbia have put screening programs into practice for the
same.
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Grand View Research has segmented the global newborn screening market on the basis of product, technology, test type and region:
Product Outlook (Revenue, USD Million, 2012 - 2022)
·
Instruments
·
Reagents & Assay Kits
Technology Outlook (Revenue, USD Million, 2012 - 2022)
·
Tandem Mass Spectrometry
·
Pulse Oximetry
·
Enzyme Based Assays
·
DNA Assays
·
Electrophoresis
Test Outlook (Revenue, USD Million, 2012 - 2022)
·
Dry Blood Spot Test
·
Critical Congenital Heart Disease (CCHD)
·
Hearing Screen
Regional Outlook (Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
o
France
o
Rest of Europe
·
Asia Pacific
o
Japan
o
China
o
India
o
Rest of Asia Pacific
·
Latin America
o
Brazil
o
Mexico
o
Rest of Latin America
·
Middle East and Africa (MEA)
o
South Africa
o
Rest of Middle East and Africa
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/press-release/global-newborn-screening-market
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registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the company
offers market intelligence studies ensuring relevant and fact-based research
across a range of industries including technology, chemicals, materials,
healthcare and energy.
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