The global newborn screening market is estimated to grow with the CAGR of approx. 12% during the forecast period (2016 – 2023). Newborn screening is the act of testing newborn child by a simple blood test to diagnose fatal diseases in newborn baby. The global newborn screening market is primarily driven by the following factors:
- Increasing prevalence of newborn diseases
- Government support towards newborn child health
- Rising awareness for pediatric congenital heart disease
- Technological advancements in newborn screening
The major factor primarily driven the market demand are increasing prevalence of newborn diseases. According to Department for Health Information & Research (DHIR), birth defects also called as congenital anomalies affects millions of babies globally occurring at nearly 1 in every 33 babies born. According to WHO (World Health Organization), globally, it is estimated that nearly 303,000 newborns die in the first 4 weeks of life owing to congenital anomalies every year. There has been high focus on newborn disease therefore world birth defects day is celebrated every year on 3rd March with the vision to raise awareness on birth defects and message regarding birth defects being spread which affect millions of families and sustained focus is required to encourage research, treatment, prevention and services. Increasing prevalence of such disease along with initiatives to raise awareness is creating good possibilities for the newborn screening market. Moreover, government support towards newborn child health, rising awareness for pediatric congenital heart disease and technological advancements in newborn screening are some major factors further boosting the growth of newborn screening market. Lack of proper healthcare infrastructure for newborn babies in developing countries and socio-economic barriers in the implementation of newborn screening are creating hurdles in the market growth. According to WHO (World Health Organization), across developing countries such as India, China, Brazil etc. approximately half number of newborns and mothers do not get skilled care during and instantly after birth. Nearly two-thirds of newborn deaths are prevented if known, active health measures are provided during birth and at the first week of life. Therefore, there is a high need for better healthcare infrastructure for the diagnosis and treatment of disease in the developing countries. On the other hand, untapped opportunity in developing countries such as China and India are developing significant opportunity for the market growth.
Source: OBRC Analysis
The global newborn screening market is segmented into product type, test type and technology.
The product type of global newborn screening market is further segmented into:
- Newborn disorder screening instruments
- Newborn hearing screening instruments
- Reagents & assay kits
- PulseOximetry Screening
The test type segment is further segmented into:
- Hearing screening test
- Critical congenital heart disease (CCHD) test
- Dry blood spot test
The Technology segment is further segmented into:
- Hearing screen technology
- Electrophoresis
- Tandem Mass Spectrometry
- Pulse Oximetry Technology
- DNA based assays
- Enzymes & Immunoassay
The report scope is widely categorized on the basis of its product type segment which includes newborn disorder screening instruments, newborn hearing screening instruments, reagents & assay kits and pulseoximetry screening.
Geographically, the global newborn screening market has been segmented on the basis of four major regions, which include:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America held major share in terms of revenue for the newborn screening market in 2015. The factors that are responsible for the growth of newborn screening market in North America are high government support for developing better healthcare infrastructure in the region.. However, Asia Pacific is expected to be the fastest growing region in the forecast period due to increasing awareness regarding newborn care in the countries such as India & China along with the increasing occurrence of newborn deaths in the region. Increasing Chinese government focus to prevent from Phenylketonuria (a treatable inherited metabolic disease in newborn) is also expected to drive the growth of newborn screening in APAC.
The global newborn screening market is segmented into product type, test type and technology. Based on product type, the market is further classified into newborn disorder screening instruments, newborn hearing screening instruments, reagents & assay kits and pulseoximetry screening. Based on test type, the market is further classified into hearing screen test, critical congenital heart disease (CCHD) test and dry blood spot test. Critical Congenital Heart Disease (CCHD) is one of the major test type segments as it is generally occurring disorders that is screened by utilizing the pulse-oximeter based technology. Therefore, the growth of CCHD test segment is expected to boost the market in the forecast period.
Based on technology, the market is further classified into hearing screen technology, electrophoresis, tandem mass spectrometry, pulse oximetry technology, DNA based assays and enzymes & immunoassays. Tandem spectroscopy (MS/MS) is expected to grow with the fastest rate in the forecast period due to its high function for diagnosing a series of conditions under one procedure.
The major market players of the global newborn screening market are:
- BIO-RAD LABORATORIES, INC.
- MEDTRONIC PLC
- THERMO FISHER SCIENTIFIC, INC.
- PERKINELMER, INC.
- TRIVITRON HEALTHCARE PVT LTD
- OTHERS
Detailed analysis of these companies provided in this report comprises: Overview, SCOT Analysis, Product Portfolio, Strategic Initiative and Strategic Analysis.
These companies are using various strategies such as merger & acquisition, collaboration, partnership and product launching. For example: On Jan. 2016, Trivitron Healthcare is set to introduce its patented NeoMass AAAC Kit which is CE Approved. According to Trivitron, the NeoMass AAAC Kit launch will help to make Trivitron a total solution provider for NBS instruments with Modular Systems, Tandem MS/MS, Automated Systems & Kits related to core panel screening and NeoMass AAAC kit for extended panel screening.
Why to buy the report:
This report will provide you:
- Provide you the business strategies adopted by market player such as product launch that is on Jan 2016, Trivitron Healthcare launched its patented NeoMass AAAC Kit which is CE Approved.
- Provide in detail the different segments such as by product type, technology and test type which are affecting the global newborn screening market.
- Provide you the patent analysis of the newborn screening market.
- Identify and understand the strength, opportunities, challenges and threat of the newborn screening market.
- Provide revenues of major players of the market such as Perkinelmer, Inc., Bio-Rad Laboratories, Inc. etc.
- Provide you various regulatory policies which are affecting the global newborn screening market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global newborn screening market offers the longest chain of market segmentation covering major market segmentation based on products and end users. The report tracks the major market trends in the global newborn screening market such as constant innovations in newborn screening, increasing fertility rates and so on. For each market segments covered in global newborn screening market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the newborn screening industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, See Saw analysis, and Porter five force models and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key Findings of the global Newborn Screening market.
- Increasing adoption of newborn screening instruments such as reagents & assay kits and newborn disorder screening instruments is fueling growth in global newborn screening market.
- North America is anticipated to account the largest revenue share in 2016.
- Dry blood spot test segment is the dominating segment as the card utilized for testing has been provided free in North America according to the plan in order to encourage higher procedure volume.
- Increasing government funding and awareness programs for newborn health.
- Product launch is the key strategy adopted by the various market players of global newborn screening market.