Newborn Screening Market Share to be Worth $2.69 Billion by 2031


Posted May 27, 2024 by shitalt

The Newborn Screening Market is projected to reach $2.69 billion by 2031, at a CAGR of 7.8% from 2024 to 2031.
 
Newborn screening is a crucial healthcare program designed to identify pre-symptomatic congenital conditions in infants, enabling early intervention and treatment. These programs, typically managed by national or state governing bodies, aim to screen all newborns for a specific panel of treatable disorders. The tests, which include hearing assessments, blood tests, and pulse oximetry, are vital for ensuring infants can develop normally and lead healthy lives.

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Market Growth Driven by Increased Focus on Infant Health

The global newborn screening market is experiencing significant growth, fueled by several key factors:

A rising neonatal population and high birth rates.
Government initiatives to support and expand newborn screening programs.
Increasing incidences of neonatal disorders.
Emerging markets such as India, China, and Brazil are witnessing a surge in awareness and implementation of newborn screening programs, presenting attractive growth opportunities for market players.

Impact of COVID-19 on Newborn Screening

The COVID-19 pandemic disrupted public health systems worldwide, posing challenges for newborn screening programs. The emergence of various COVID-19 variants exacerbated these disruptions, impacting laboratory resources, skilled personnel availability, and supply chains. Screening centers faced delays in testing and shortages of essential testing kits and reagents due to stringent lockdowns and restrictions. Despite these challenges, the market is expected to rebound as the global situation stabilizes.

Market Segmentation and Insights

The global newborn screening market is segmented by product, technology, application, end user, and geography:

Product Segment: In 2022, the consumables segment is projected to dominate the market, driven by increased screening rates, the recurrent use of consumables, and recent kit launches.
Technology Segment: Immunoassays and enzymatic assays are expected to lead the market due to their accuracy, quick results, and cost-effectiveness.
Application Segment: The inherited disorders segment is set to hold the largest market share, supported by the high incidence of genetic disorders among newborns.
End User Segment: Hospitals are anticipated to account for the largest market share, thanks to advanced healthcare infrastructure and the availability of skilled professionals.
Geographical Insights

In 2022, North America is expected to hold the largest share of the newborn screening market, followed by Europe. The Asia Pacific region, however, is predicted to register the highest CAGR during the forecast period, driven by improving healthcare infrastructure, supportive government policies, and higher birth rates.

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Key Market Players

Leading companies in the newborn screening market include:

Thermo Fisher Scientific Inc. (U.S.)
General Electric Company (U.S.)
Natus Medical Incorporated (U.S.)
PerkinElmer, Inc. (U.S.)
Medtronic plc (Ireland)
Trivitron Healthcare (India)
Bio-Rad Laboratories, Inc. (U.S.)
Demant A/S (Denmark)
Baebies, Inc. (U.S.)
ZenTech (Belgium)
Over the past three years (2019–2022), these companies have been actively involved in strategic developments such as product launches, collaborations, agreements, and expansions.

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Tags newborn screening market
Last Updated May 27, 2024