USD 3.47 billion
Report ID:
SQMIG35J2080 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Non-Invasive Prenatal Testing (NIPT) Market size was valued at USD 3.47 billion in 2019 and is poised to grow from USD 3.8 billion in 2023 to USD 7.92 billion by 2031, growing at a CAGR of 9.61% in the forecast period (2024-2031).
Non-invasive parenteral screening, sometimes referred to as non-invasive prenatal testing, is a developing genetic procedure that looks at foetal cell-free DNA present in the mother's blood serum to find common foetal aneuploidies. Early detection of genetic diseases such trisomy 21 (Down syndrome), trisomy 18 (Edward syndrome), trisomy 13 (Patau syndrome), and monosomy X is its primary goal (Turner syndrome). Additionally, it can identify the fetus's blood type and rhesus actor. NIPTs including MaterniT21 PLUS, Harmony, Panorama, NIFTY, PrenaTest, BambniTest, and others are currently offered on the international market.
The market is driven by an increase in NIPT reimbursements, a rise in the use of non-invasive procedures rather than invasive ones, and an increase in maternal age (which is linked to an increase in the incidence of chromosomal abnormalities in offspring). The introduction and development of cutting-edge, novel technologies as well as non-invasive parenteral testing items also contribute to the market's expansion. However, a shortage of qualified personnel, tight regulatory requirements, and ethical barriers hinder the approvals and marketing processes, which limits market growth. new development new markets in Asia-Pacific create potential for his market to flourish.
US Non-Invasive Prenatal Testing (NIPT) Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.47 billion
Largest Segment
cfDNA
Fastest Growth
cfDNA
Growth Rate
9.61% CAGR
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Global Non-Invasive Prenatal Testing (NIPT) Market is segmented based on the Product, end user, method, application, and region. Based on product, the market is segmented into consumable & reagents and instruments. Based on end-user, the market is segmented into hospital and clinical laboratories. Based on method, the market is segmented into cfDNA and FCMB. Based on application, the market is segmented into trisomy detection, microdeletion detection, sex chromosome, aneuploidy detection, & others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Non-Invasive Prenatal Testing (NIPT) Market Analysis by Product
Based on Product, the market is dominated by the consumables and reagents sector. This is due to the market players releasing new test kits and the increase in lab-based tests conducted globally. In addition, one of the key factors fueling and driving the demand for reagents and consumables is the rising number of research and development activities for detecting genetic disorders. The adoption of these services is being driven globally by the technological developments in equipment and the growing cooperation among stakeholders to introduce extremely sensitive and affordable technologies for the detection of trisomy during pregnancies.
Non-Invasive Prenatal Testing (NIPT) Market Analysis by End user
Based on end user, The primary end-users of non-invasive diagnostics are clinical laboratories is anticipated to increase at the fastest rate. Clinical laboratories, which offer safe and efficient prenatal tests for chromosomal abnormalities compared to hospitals, are equipped with cutting-edge technology, opening up attractive growth opportunities for this market.
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North America dominated the global Non-Invasive Prenatal Testing (NIPT) market in 2021. This is a result of both the rising incidence of Down syndrome in babies and the growing use of noninvasive prenatal diagnostics. Furthermore, the expanding use of these exams in the US and Canada has been greatly influenced by players with a significant geographic presence in the US who provide advanced assessments. The Panorama test, created by Natera, is the only one that can distinguish between maternal and foetal DNA in the target chromosomes. It uses single-nucleotide polymorphism (SNP)-based technology to analyse DNA. In the following years, such innovative advancements are projected to increase usage and fuel market expansion in this region.
The market in Asia Pacific is anticipated to grow more rapidly than other regions. Early detection of chromosomal problems during pregnancy is becoming more and more popular in developing countries like China and India. It is anticipated that this will lead to the introduction of new goods and tests, along with domestic market participants stressing strategies like alliances and collaborations with international businesses.
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Non-Invasive Prenatal Testing (NIPT) Market Drivers
Need for Accurate and Sophisticated Screening to Boost Market Growth
Non-Invasive Prenatal Testing (NIPT) Market Restraints
Lack of Skilled Worker to Hinder Market Growth
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Global Non-Invasive Prenatal Testing (NIPT) Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. Due to the broad range of product offers and strong distribution networks of big corporations in developed and developing countries, this market is consolidated. The top competitors in the market right now are Illumina, Inc., Sequenom Laboratories, LabCorp Inc., and Natera. It is anticipated that several aspects, such as active research and development efforts and a greater emphasis on producing cutting-edge products, will aid in maintaining their positions in the market. Other significant players, including YOURGENE HEALTH, Eurofins, LifeCodexx GmbH, F. Hoffmann-La Roche, and Perkin Elmer, Inc., intend to increase their market share through the implementation of fresher tactics, such as investments in the creation of innovative technologies for the early detection of chromosomal abnormalities and partnerships with key players and research institutions.
Non-Invasive Prenatal Testing (NIPT) Market Top Player's Company Profiles
Non-Invasive Prenatal Testing (NIPT) Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global non-invasive prenatal testing (nipt) market analysis, in terms of product, the consumables and reagents sector segment held a larger market share. This was caused by increased I lab tests numbers. And in terms of end user, clinical laboratories segment contribute to the market growth owing to its high preference by users. Moreover, continuous product development is driving the market expansion. Whereas, high cost of tests can hamper the market growth.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 3.47 billion |
Market size value in 2031 | USD 7.92 billion |
Growth Rate | 9.61% |
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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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
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MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Non-Invasive Prenatal Testing (NIPT) 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 Non-Invasive Prenatal Testing (NIPT) 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.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Non-Invasive Prenatal Testing (NIPT) Market:
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Report ID: SQMIG35J2080
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