Product Innovations and Advancements in Technology to Boost Newborn Screening Market Growth

Increased birth rates have entailed greater spending in newborn health infrastructure spending, prompting hospitals and other stakeholders to deploy advanced screening procedures, inclining prospects. From 2021 to 2031, the market is poised to surpass a CAGR of 8%, being valued at above US$ 1 billion.

The Market survey of Newborn Screening offers a comprehensive analysis of diverse features, including production capacities analysis of Newborn Screening, demand, product developments, revenue generation, and Size of Newborn Screening Market across the globe. The Demand analysis of Newborn Screening Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Newborn Screening Market across the globe.

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Key Market Segments Covered

• Product
  • Newborn Screening Instruments
    • Disorder Screening Instruments
      • Fully Automated Newborn Screening Instruments
      • Other Newborn Screening Instruments (Semi-automated Instruments, Shakers, Incubators, etc.)
    • Hearing Screening Instruments
      • Newborn Screening Accessories
      • Newborn Screening Devices
    • Pulse Oximeters
  • Consumables
    • Newborn Screening Assay Kits & Reagents
    • Other Newborn Screening Consumables (Columns and Screening Cards)
• Test Type
  • Dry Blood Spot Newborn Screening Tests
  • Newborn Hearing Screening Tests
  • Critical Congenital Heart Disease (CCHD) Screening Tests
• Technology
  • Newborn Immunoassays & Enzymatic Screening Tests
  • Tandem Mass Spectrometry
  • Molecular Assays
  • Newborn Hearing Screening Technologies
  • Pulse Oximetry
  • Other Newborn Screening Technologies (Fluorescence, Gel Electrophoresis, etc.)
• End User
  • Newborn Screening at Clinical Laboratories
  • Newborn Screening at Hospitals
• Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia
    • India
    • ASEAN
    • Rest of South Asia
  • Oceania
    • Australia
    • Rest of Oceania
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of MEA

A comprehensive estimate of the Newborn Screening market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Newborn Screening during the forecast period. Price point comparison by region with the global average price is also considered in the study.

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Key Takeaways from Market Study

• By product, newborn screening consumables to expand impressively, growing at approximately 8% CAGR through 2031
• Demand for newborn immunoassays & enzymatic screening tests to expand at nearly 7% CAGR over the next ten years
• By test, dry blood spot tests to experience high demand, expanding at around 9% CAGR through 2031
• The U.S. to open up positive expansion prospects, with the market likely to expand at approximately 5% CAGR from 2021 to 2031
• Rising infant mortality rates to bolster growth prospects for India, expected to generate 30% of overall revenue
• China to account for 50% of demand amid high uptake of congenital hypothyroidism (CH) and phenylketonuria (PKU) diagnosis

Some of the Newborn Screening Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides: 

• Details regarding latest innovations and development in Newborn Screening and how it is gaining customer traction during the forecast period.
• Analysis about the customer demand of the products and how it is likely to evolve in coming years.
• Latest regulations enforced by government bodies and local agencies and their impact on Demand of Newborn Screening Market .
• Insights about adoption of new technologies and its influence on the Newborn Screening market Size.
• Overview of the impact of COVID-19 on Newborn Screening Market and economic disruptions caused by the pandemic.
• Evaluates post-pandemic impact on the Sales of Newborn Screening Market during the forecast period.

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After reading the Market insights of Newborn Screening Report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total Newborn Screening market revenue.
• Study the growth outlook of Newborn Screening market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of Newborn Screening market.
• Investigate the recent R&D projects performed by each market player & competitive analysis of Newborn Screening Market Players.

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How Fact.MR Assists in Making Strategic Moves For Newborn Screening Market Manufacturer?

• The data provided in the Newborn Screening market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
• The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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