Newborn Screening Market 2023: To Witness Tremendous Growth, $2 Billion by 2031

The Newborn Screening Market is a vital component of pediatric healthcare, dedicated to the early detection and prevention of congenital disorders and diseases in newborns. This essential screening process involves testing infants shortly after birth to identify potential health issues, allowing for timely intervention and treatment. With advancements in medical technology and genetic testing, the market has expanded to encompass a broader spectrum of conditions, ranging from metabolic disorders to genetic abnormalities. The global newborn screening market was valued at $1.1 billion in 2021, and is projected to reach $2.0 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.

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The screening tests performed as part of newborn screening programs vary across different regions and countries. However, they commonly target conditions such as phenylketonuria (PKU), congenital hypothyroidism, cystic fibrosis, sickle cell disease, and hearing loss.

Major market players covered in the report, such as –

Ab Sciex LLC,

Agilent Technologies Inc.,

Bio-Rad Laboratories Inc.,

Covidien Plc,

Ge Healthcare,

PERKINELMER, INC.,

MASIMO CORPORATION,

Natus Medical Incorporated,

Trivitron Healthcare,

Waters Corporation

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Key Benefits for Stakeholders –

• The report provides quantitative analysis of market segments, current trends, strategies and potential of Newborn Screening Market research to identify potential Newborn Screening Market opportunities in genetics.
• In-depth analysis of this sector helps identify current market opportunities.
• Market analysis and information related to key drivers, restraints and opportunities are provided.
• Porter’s Five Forces Analysis identifies the capabilities of buyers and suppliers to enable stakeholders to make profitable business decisions and strengthen the network of buyers.
• The largest countries in each region are listed according to their contribution to the global market.
• Focusing on market players makes benchmarking easier and provides a clear understanding of the current market situation.
• The report includes regional and global Newborn Screening Market analysis, key players, market segments, application areas and Market growth strategies.

Newborn screening not only offers families invaluable peace of mind but also contributes to improved health outcomes and quality of life for newborns by enabling healthcare professionals to initiate prompt interventions when necessary. As awareness and understanding of the importance of early diagnosis continue to grow, the Newborn Screening Market remains a cornerstone in ensuring a healthier start to life for infants worldwide.

The Newborn Screening Market is expected to witness a significant growth in the coming years. This market has gained interest of the healthcare and medical sectors owing to increased prevalence of hypertension throughout the globe. Furthermore, the global Newborn Screening Market is segmented on the basis of product type, end user, and region. leading market players have been introducing various strategies to help enterprises move their on-premise models to on-demand models.

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