The market research report contains significant details on the global Newborn Screening market value based on market dynamics and various growth factors. It scrutinizes several key aspects of the market, including the latest technological innovations in the industry, ongoing trends, and developmental opportunities. One of the most vital components of the report is the SWOT analysis, coupled with a detailed overview of the market’s competitive landscape.
Furthermore, the report provides further insights into the factors influencing the growth and expansion of the Newborn Screening sector. The report considers COVID-19 as a key contributing factor owing to its negative impact on several segments of the Newborn Screening market. The pandemic has disrupted the supply chains and affected the demands and trends of the market, and has induced financial difficulties. The report provides a comprehensive analysis of the current and future impact of the COVID-19 pandemic on the Newborn Screening market.
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The report covers in-depth profiling of the prominent players of the industry and includes Bio-Rad Laboratories Inc., Agilent Technologies Inc., Trivitron Healthcare, Natus Medical Inc., PerkinElmer Inc., AB Sciex LLC, Covidien Plc, Masimo Corp., GE Healthcare, and Waters Corp., among others..Furthermore, it offers a detailed analysis of the competitive landscape of the market with massive data on recent trends, technological developments, product advancements, methodologies, and strategic business decisions such as mergers and acquisitions, joint ventures, collaborations, and product launches, among others.
Market Segmentation
For the purpose of this report, Emergen Research has segmented the global Newborn Screening Market on the basis of Technology, Product, Application, and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
Tandem Mass Spectrometry
Pulse Oximetry
Enzyme Based Assay
DNA Assay
Electrophoresis
Others
Product Outlook (Revenue, USD Billion; 2017-2027)
Instruments
Reagents
Assay Kits
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Dry Blood Spot Test
Critical Congenital Heart Disease (CCHD)
Hearing Screen
Others
The Newborn Screening industry has witnessed a steady growth over the past decade and is expected to grow a high CAGR of 11.1% throughout the forecast period of 2020-2027. Factors like the growing population, raw materials, financial stability, revenue generation, and increasing demands are contributing to the growth of the industry. The industry is expected to garner a revenue of USD 0.15 million in 2027.
Some Key Highlights from the Report
Based on the technology, electrophoresis generated a revenue of USD 0.15 billion in 2019 and is predicted to rise with a CAGR of 11.1% in the forecast period owing to the increasing demand and new detection techniques that assist in recognition of amino acids, carnitine conjugates, and other compounds.
The assay kits are expected to grow with a CAGR of 10.4% in the forecasted period, attributable to its wide variety of classes such as enzymatic assay kits, DNA assay kits, immunoassay kits, and others of which immunoassay is a process-oriented used in the screening.
The dry blood spot test application is the major contributor to the Newborn Screening Market. The dry blood spot test application of the North America region is the major shareholder of the market and held around 43.1% of the market in the year 2019.
North America dominated the market with a share of 34.7% in 2019 due to its adoption of cost-effective and innovative procedures.
Key questions addressed in the report:
Which of the leading market regions accounts for the highest global market share?
What is the current valuation of each region and the estimated remuneration over the forecast timeline?
What are the sales estimates for every regional segment in the Newborn Screening market over the projected period?
What is the projected growth rate likely to be demonstrated by each region in the global Newborn Screening market?
Regional Analysis:
The report also covers a comprehensive regional analysis to offer a panoramic view of the global Newborn Screening market. The regional analysis includes North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers production and consumption ratio, import/export analysis, supply and demand ratio, market size, market share, and revenue contribution of each region. The report also analyses the market share and market share of each key segment and sub-segment in each region and offers a detailed analysis of the key competitors operating in the region.
In conclusion, the report provides a qualitative and quantitative analysis of the Global Newborn Screening market, including the global and regional analysis of the market. The study covers critical information and factual data about the Newborn Screening industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Newborn Screening market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Newborn Screening industry.
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