Global Newborn Screening Market Size, Share, Trend, Forecast 2022 – 2032
The Global Newborn Screening Market size is to Grow from USD 0.76 Billion in 2022 to USD 1.52 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period.
Newborn screening is a critical public health initiative designed to identify genetic, metabolic, and congenital disorders in infants shortly after birth, enabling early intervention. Conducted through a simple blood test, commonly known as the “heel prick,” this screening detects conditions like phenylketonuria, cystic fibrosis, and sickle cell disease. Early detection facilitates timely interventions, minimizing long-term health complications.
In 2022, the instruments segment dominated the global newborn screening market, holding around 71.5% market share. These instruments, including mass spectrometers and DNA analyzers, play a vital role in enhancing screening accuracy and efficiency. Automation has enabled simultaneous testing for multiple disorders, expediting result generation.
Tandem mass spectrometry (MS/MS) led the technology segment, capturing more than 23.6% revenue share in 2022. Its unmatched precision in detecting multiple disorders simultaneously has made it a preferred choice for comprehensive newborn screening programs.
The dry blood spot tests segment is expected to grow at a CAGR of around 7.3% during the forecast period. This growth is attributed to the convenience and minimally invasive nature of dry blood spot tests, offering an efficient method for collecting newborn blood samples. Advances in analytical techniques have further improved accuracy and expanded the range of detectable disorders.
Request For Free Sample: https://www.sphericalinsights.com/request-sample/2771
List of Companies:
- Bio-Rad Laboratories
- Agilent Technologies
- Covidien plc
- Masimo
- Waters Corporation
- Natus Medical
- Trivitron Healthcare
- Other
Buy Now: https://www.sphericalinsights.com/checkout/2771
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global newborn screening market based on the below-mentioned segments:
Newborn Screening Market, By Product
- Instruments
- Reagents
Newborn Screening Market, By Technology
- Tandem Mass Spectrometry
- Pulse Oximetry
- Enzyme Based Assay
- DNA Assay
- Electrophoresis
- Others
By region:
- North America (US, Canada, Mexico)
- Europe (Germany, Uk, France, Italy, Spain, Russia, Rest of Europe,)
- Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific)
- South America (Brazil, Argentina, and Rest of South America)
- Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, and Rest of Middle East & Africa)
Competitive analysis:
The competitive analysis section of the Global Newborn Screening Market research report provides a detailed study of the competitive landscape within the market. It aims to identify and assess key market players, their strategies, and their impact on overall market dynamics. Each company’s profile provides insight into its business profile, product portfolio, geographic presence, and recent developments. This information helps stakeholders to gain a comprehensive understanding of market participants and their capabilities.
In addition, competitive analysis examines the market share held by each major player and assesses their position within the market. Assessing relative market strength considers factors such as revenue, market capitalization, and market share growth over time. By understanding the distribution of market shares, industry participants can identify key players and their market power.
Browse key industry insights spread across 200 pages with 110 market data tables and figures & charts from the report on The “Global Newborn Screening Market Size, Share, and COVID-19 Impact Analysis, By Product (Instruments and Reagents), By Technology (Tandem Mass Spectrometry, Pulse Oximetry, Enzyme Based Assay, DNA Assay, Electrophoresis, and Others), By Test Type (Dry Blood Spot Test, CCHD, and Hearing Screen), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032).”
Access Full Report: https://www.sphericalinsights.com/reports/newborn-screening-market
The Global Newborn Screening Market research report aims to answer the following key questions:
- What are the main products/services offered in the market and how are they evolving to meet changing consumer demands?
- What are the key technological advances and innovations impacting the market and how will they affect the competitive landscape?
- What are the key distribution channels and marketing strategies market players employ to effectively reach their target audience?
- What are the price trends in the market, and how do prices change across different product segments and geographies?
- How will changing demographic patterns, such as age groups and income levels, affect consumer behaviour and market demand?
- What are the key cost factors and factors that influence the profitability of companies in the Global Newborn Screening Market?
- How will sustainability and environmental considerations affect consumer preferences and market growth in this sector?
- What are the investment opportunities and challenges for new entrants and investors looking to enter the market?
- How do government policies and regulations impact market dynamics and shape industry strategies?
- What are the current supply chain trends and challenges in the market, and how do they affect product availability and pricing?
- What are the levels of customer satisfaction and loyalty within the market, and how do market participants differentiate in terms of service quality?
About Newness Insights & Consulting
Newness Insights & Consulting is a dynamic market research and consulting company specializing in delivering valuable market research studies, precise quantitative forecasting, and insightful trend analysis tailored to empower decision-makers. Our forward-looking insights are meticulously crafted to enhance ROI and drive success.
We serve a diverse range of industries, including the financial sector, industrial enterprises, government organizations, universities, non-profit entities, and corporations. Our core mission revolves around collaborating with businesses to not only attain their strategic objectives but also sustain continuous improvement.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us