Report ID: UCMIG35A2459
Report ID:
UCMIG35A2459 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for non-invasive prenatal testing (NIPT) reached a significant value of USD 3.80 billion in 2022. It is projected to experience a robust compound annual growth rate (CAGR) of 9.61% during the forecast period from 2023 to 2030. This growth can be attributed to the increasing adoption of NIPT by pregnant women and Health Care providers due to its non-invasive nature and high accuracy in detecting fetal chromosomal abnormalities. Additionally, advancements in technology and the availability of a wide range of tests for detecting various genetic disorders further contribute to the market's expansion. As the demand for safer and more reliable prenatal testing methods continues to rise, the global non-invasive prenatal testing market is expected to witness substantial growth in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2459