USD 1.25 Billion
Report ID:
SQMIG35E2050 |
Region:
Global |
Published Date: November, 2024
Pages:
177
|Tables:
89
|Figures:
71
Global Newborn Screening Market size was valued at USD 1.25 Billion in 2023 and is poised to grow from USD 1.34 Billion in 2024 to USD 2.12 Billion by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031).
The factors which fuel growth over the forecast period include the increasing birth rate, increasing instances of congenital illness in infants, growing awareness among consumers, positive efforts and support from different governments arranging several programs & legislations. Technological advancements in screening techniques drive the market. The emergence of congenital disorders among newborns is projected to drive the growth rate in the newborn screening market. According to WHO, it is estimated that about 240,000 baby deaths are accounted for by congenital disorders yearly, within the first 28 days of birth, as of the available data for February 2023. In addition, another estimate is that approximately 170,000 child deaths between one month and five years of age are congenitally related. Furthermore, from Indian Pediatrics, in-born metabolic disorders are estimated to be 2–7.8% of Indian children and congenital hypothyroidism affects 2.1 out of every 1,000 babies. Since congenital disorders are found to be very high among infants, the use of tests is more probable to rise, and this is expected to boost the growth of the market by 2031. Promoting a favorable environment for the growth of the newborn screening market comes through initiating government schemes and passing policies. For instance, in June 2022, the government of Manitoba declared it was advancing to expand its newborn screening program to include testing for spinal muscular atrophy along with others.
Global Market Size
USD 1.25 Billion
Largest Segment
Hospitals
Fastest Growth
Consumables
Growth Rate
6.8%
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Global Newborn Screening Market is segmented by Product, Test, technology, end user and region. Based on Product, the market is segmented into Consumables, Instruments, Hearing screening instruments, Pulse oximeters. Based on Test, the market is segmented into Dry blood spot tests, Hearing screening tests, CCHD screening tests. Based on technology, the market is segmented into Immune assays & enzymatic assays, Tandem mass spectrometry, Molecular assays, Hearing screening technologies, Pulse oximetry, Other Technologies. Based on end user, the market is segmented into Clinical Laboratories, Hospitals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis By Product
The instruments segment held a significant market share with 75.91%. This segment has the potential for the highest compound annual growth rate during the forecasting period. The key factors for this direction are the increasing newborn screening operations, the broad awareness among people of the importance of early disease detection, and greater investment in newborn screening technology. Another factor that drives the growth of this segment is technological advancement. This is highlighted in the fact that GC Labs has just recently started offering a new diagnostic test for Inborn Errors of Metabolism (IEM) in neonates, incorporating improved techniques for the detection of diseases, thus putting emphasis on how this equipment segment is pivotal for improvements in screening capacity.
The reagent segment over the projection period shall be expected to gain a high compound annual growth rate. The foremost drivers for this forecasted growth are the need for thorough newborn screening and the increased emphasis on early illness detection, especially in developing nations. There has been greater demand for screening test reagents with increased healthcare infrastructure and awareness of the benefits of early detection. This creates a profitable space for the reagent industry because it serves to move the more general aim of more effective and efficient detection and management of potential issues with the health of neonates.
Analysis By Test Type
The dry blood spot tests segment accounted for around 45.9% of the market revenue share in the newborn screening market and led the industry in 2023. With its availability to detect more than 50 issues in newborn screening, the market is expected to grow at the fastest compound annual growth rate in the forecast decade. Like the government actions, such as the one that started in March 2022-the Oxford University pilot trial for the diagnosis of spinal muscular atrophy-government policies aimed at stimulating segment development are supposed to be a reason for the high demand for DBS tests as a very popular newborn screening option. Another reason makes DBS tests a very popular choice for newborn screening: they are cheap, barely invasive, and easy to use.
The escalating birth defects of infants' congenital hearing impairments are predicted to drive the hearing screens segment during the forecast period to a high compound annual growth rate. As per a 2023 study carried out by the University of Manchester, among every 1000 babies born in the UK, one suffered from birth impairment, hearing. Increased awareness among parents and healthcare providers about the need for early identification and intervention is anticipated to fuel sector expansion. Industry growth can be attributed to technological advancement in regard to hearing screening through automated auditory brainstem response (AABR) and otoacoustic emission (OAE), which makes it possible to accurately and promptly diagnose hearing impairments in babies.
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Asia Pacific had the highest share of 32.90% in the newborn screening market. This leadership is due to new growth prospects along with better healthcare services and infrastructure. The demand for newborn screening techniques is a result of a high birth rate, dense population, and rising incidence of congenital disorders in the region. Government programs and spending on healthcare facilities are forecast to push the market further. The Asia Pacific is expected to grow at the fastest rate, followed by countries such as China and India that are setting benchmarks for advanced newborn screening techniques.
The increasing birth defect prevalence and widespread screening in each state across the union are expected to drive the growth in North America at an extra-ordinary compounded annual growth rate (CAGR) in the next years. Every newborn is screened for birth defects through universal screening programs such as the Texas Newborn Screening Program, the California Newborn Screening Program, and the New York State Newborn Screening Program. This enforcement goes along with the advanced health care system and high parental awareness. Hence, this has resulted in a substantial market share in the region. North America is expected to gain more market share in the newborn screening market due to continued R&D in newborn screening technologies.
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Drivers
Growing Prevalence of Congenital Abnormalities
Governmental Initiatives and Compulsory Screening Programs
Restraints
Expensive Cost of Newborn Screening Tests
False Positive Results and Parental Stress
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The newborn screening market is highly competitive, dominated by the main manufacturers Abbott, Roche, and PerkinElmer, which have been at the forefront with wide screening panels and new modern methodologies of testing. Expanding due to increased awareness of genetic disorders, support programs from the government are emerging for early identification. New companies are trying digital health integration and rapid testing methods. Two major challenges are reimbursement rules and regulatory compliance. Congenital disorders are becoming increasingly common and drive the demand for more such drugs, indicating continued investment in R&D and strategic alliances with other big pharma companies.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, due to technological advances in genetic testing and efforts globally to expand screening programs, the newborn screening market is changing very fast. Even new technologies such as next-generation sequencing, which currently enable a wider range of genetic abnormalities to be detected, set up better and more precise detection capabilities for early detection. While assuring that more babies have timely care, initiatives aimed at setting up and strengthening screening programs in deprived places keep improving global health equity. In these developments, as they envision better protection and quality of life among affected babies, there exists an immediate need for sustained innovation and availability of newborn screening to everybody.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.25 Billion |
Market size value in 2031 | USD 2.12 Billion |
Growth Rate | 6.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Newborn Screening Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Newborn Screening Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Newborn Screening Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Newborn Screening Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35E2050
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