Global New-Born Screening Market Growth (Status and Outlook) 2024-2030

Global New-Born Screening Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global New-Born Screening market size was valued at US$ 773.4 million in 2023. With growing demand in downstream market, the New-Born Screening is forecast to a readjusted size of US$ 1315.5 million by 2030 with a CAGR of 7.9% during review period.

The research report highlights the growth potential of the global New-Born Screening market. New-Born Screening are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of New-Born Screening. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the New-Born Screening market.

Most of the infants are born normal and healthy at the time of birth and with no family history of disorders . Unfortunately, once symptom appears in child, they are often irreversible leading to severe health and developmental problems. Newborn screening helps in identifying diseases, which can affect a child’s health in the long run, at an early stage. Newborn screening, which includes a series of tests, is essential for early detection, diagnosis, and management , to prevent disability and death of a child. These tests, which are performed shortly after the birth of a baby, are used for the detection of genetic, developmental, and metabolic disorders in newborn babies.

North America dominates the global market for newborn screening due to the need for reducing healthcare cost . Asia is expected to witness high growth rates in the next five years in the newborn screening market . China and India are expected to be the fastest-growing newborn screening markets in Asia Pacific. Some of the key growth drivers of the newborn screening market in emerging countries are the large pool of patients, increasing healthcare expenditure, and rising government funding and initiatives.

Key Features:

The report on New-Born Screening market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the New-Born Screening market. It may include historical data, market segmentation by Type (e.g., Tandem Mass Spectrometry, Pulse Oximetry Screening Technology), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the New-Born Screening market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the New-Born Screening market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the New-Born Screening industry. This include advancements in New-Born Screening technology, New-Born Screening new entrants, New-Born Screening new investment, and other innovations that are shaping the future of New-Born Screening.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the New-Born Screening market. It includes factors influencing customer ' purchasing decisions, preferences for New-Born Screening product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the New-Born Screening market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting New-Born Screening market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the New-Born Screening market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the New-Born Screening industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the New-Born Screening market.

Market Segmentation:

New-Born Screening market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
Tandem Mass Spectrometry
Pulse Oximetry Screening Technology
DNA-Based Assays
Hearing Screen Technology
Others

Segmentation by application
Hospitals
Clinics
Nursing Homes
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE Healthcare
Trivitron Healthcare
AB Sciex
Perkinelmer
Bio-Rad Laboratories
Agilent Technologies
Medtronic
Masimo
Waters
Natus Medical

Please note: The report will take approximately 2 business days to prepare and deliver.