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Apr 29, 2020 6:01 AM ET

Global Newborn Screening Market Size, Share, 2020 Industry Analysis by Future Scope, Top Players, Revenue Opportunities, Growth Rate and Business Prospects Through 2023

Global Newborn Screening Market Size, Share, 2020 Industry Analysis by Future Scope, Top Players, Revenue Opportunities, Growth Rate and Business Prospects Through 2023

iCrowd Newswire - Apr 29, 2020

Newborn Screening Industry 2020- Global Market Research report includes a comprehensive analysis of the Newborn Screening Market size, growth, and share, trends, consumption, sections, application and Forecast 2023.

Worldwide “Newborn Screening Market” report 2020 sheds light on key attributes of industry which contains market dynamics and growth of Newborn Screening industry in upcoming years. This report also provides in-depth information of major key players, segmentation and applications and geographically analysis and contains information about Industry overview, Definition, Specifications, raw material and Suppliers, Cost Structure Analysis, RandD Status and Technology Source. Newborn Screening market report presents the proficient and detailed analysis of the present situation of industry.

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The global newborn screening market is expected to register a CAGR of 9.0% during the forecast period, 2018 to 2023. North America dominates the market, due to growing awareness regarding newborn screening in the region.

Top Manufacturers Listed in the Newborn Screening Market Report are:

Detailed Overview about Newborn Screening Market:

Technological Advancements

The rapid pace of developments in the field of expanded newborn screening has been made possible through technological advancement in the devices and kits. This enables the detection of multiple compounds in the diagnosis of diverse inborn errors of metabolism in the neonatal dried blood specimens. After the success of newborn screening in phenylketonuria, major competitors in this field have continued to develop and introduce new models with significant performance improvements, which is likely to drive the market. Additionally, growing newborn screening programs worldwide, rising incidences of congenital diseases, and rising funding from government sectors are likely to surge the market growth of newborn screening market globally.

False Positives and False Negatives

Newborn screening tests are only the screening tests and not confirmatory tests. According to a survey, screening tests can have a higher margin of error and be less valid than diagnostic tests, but they should have a very low false negative rate. It is estimated that, on the expanded newborn screening panel, only about one in fifty of every positive new-born screening test detects actual disease. It is also noted that the average rate of false positives can vary widely, and it depends on the conditions tested. One in ten positive tests for cystic fibrosis is a true positive result, while one in 100 or one in 200 positive tests for congenital adrenal hyperplasia is a true positive result. The unreliability of few newborn screening tests and lack of uniformity of newborn screening policies and procedures, across the globe, is likely to impede the growth of the market.

North America to Dominate the Market

North America is expected to hold the largest share of the newborn screening market during the forecast period, due to growing awareness regarding newborn screening tests. For instance, in the United States, over 4,000,000 screenings are performed annually.

In the United States, both federal and state governments make policies governing newborn screening, which is augmenting the demand for newborn screening tests in the region.

Key Developments in the Market

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Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states Newborn Screening market trend, import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions, and other regions can be added.Newborn Screening market forecast For the period of 2020-2023, this study provides the Newborn Screening sales, revenue and market share for each player covered in this report.

Reasons to Purchase the Newborn Screening Market Report:

– The report analyses how the shift towards safety will drive the global Newborn Screening market.

– Analyzing various perspectives of the market with the help of Porter’s five forces analysis.

– Study on the product type that is expected to dominate the market.

– Study on the regions that are expected to witness fastest Newborn Screening Market growth during the forecast period.

– Identify the latest developments,Newborn Screening market shares and strategies employed by the major market players.

– Analyzing what will be the Newborn Screening Market size.

Major Points from Table of Contents:

  • Introduction1.1 Market Definition2. Research Methodology3. Executive Summary4. Key Inferences5. Market Overview5.1 Current Market Scenario5.2 Porter’s Five Forces Analysis5.2.1 Bargaining Power of Suppliers5.2.2 Bargaining Power of Consumers5.2.3 Threat of New Entrants5.2.4 Threat of Substitute Products and Services5.2.5 Competitive Rivalry within the Industry6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)6.1 Market Drivers6.1.1 Growing Newborn Screening Programs6.1.2 Rising Incidences of Congenital Diseases6.1.3 Rising Funding from Government Sectors6.1.4 Technological Advancements6.2 Market Restraints6.2.1 Lack of Uniformity of Newborn Screening Policies and Procedures across the Globe6.2.2 False Positive and False Negative Results6.3 Opportunities6.4 Key Challenges7. Market Segmentation7.1 By Product Type7.1.1 Device7.1.1.1 Pulse Oximeter7.1.1.2 Mass Spectrometer7.1.1.3 Hearing Screening Devices7.1.1.4 Laparoscope7.1.1.5 Retinoscope7.1.1.6 Ultrasound Machine7.1.2 Assay Kits7.2 By Test Type7.2.1 Dried Blood Spot7.2.2 Hearing Screening7.2.3 Critical Congenital Heart Defect (CCHD)7.2.4 Urine Test7.2.5 Others7.3 By End-user7.3.1 Hospitals7.3.2 Maternity and Specialty Clinics7.3.3 Diagnostic Centers7.4 By Geography7.4.1 North America7.4.1.1 United States7.4.1.2 Canada7.4.1.3 Mexico7.4.2 Europe7.4.2.1 France7.4.2.2 Germany7.4.2.3 United Kingdom7.4.2.4 Italy7.4.2.5 Spain7.4.2.6 Rest Of Europe7.4.3 Asia-Pacific7.4.3.1 China7.4.3.2 Japan7.4.3.3 India7.4.3.4 Australia and New Zealand7.4.3.5 South Korea7.4.3.6 Rest of Asia-Pacific7.4.4 Middle East and Africa7.4.4.1 GCC7.4.4.2 South Africa7.4.4.3 Rest of the Middle East and Africa7.4.5 South America7.4.5.1 Brazil7.4.5.2 Argentina7.4.5.3 Rest of South America8. Competitive Landscape8.1 Mergers and Acquisition Analysis8.2 Agreements, Collaborations, and Partnerships8.3 New Products Launches9. Key Players9.1 AB Sciex9.2 Agilent Technologies, Inc.9.3 Bio-Rad Laboratories, Inc.9.4 GE Healthcare9.5 Masimo Corporation9.6 Medtronic, Inc.9.7 Natus Medical Incorporated9.8 PerkinElmer, Inc.9.9 Trivitron Healthcare9.10 ZenTech S.A9.11 List Not Exhaustive10. Future of the Market
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