According to Stratistics MRC, the Global Newborn Screening market is accounted for $495.50 million in 2015 and is expected to reach $1,307.65 million by 2022 growing at a CAGR of 12.9%. In present scenario the Newborn baby is either being affected by the environmental conditions or born with some disorder, and hence the Newborn Screening market is helping out to detect those disorders. Recent technological advancements, government legislation & support, increasing awareness among people have given impetus to the market. However, Socio-Economic barriers and less trained professionals are some of the factors hindering the growth.
Tandem Mass Spectrometry (TMS) segment is expected to account for highest CAGR, attributing to its time & cost effectiveness of the technology compared to other technologies available in this particular market. In addition to this, Dry Blood Spot Test type segment is expected to be the largest market owing to the technological advancements due to which new and advanced products are being launched in the market. North America is dominating the global market in order to the increasing prevalence of cardiovascular disorders and enforced testing. However, Asia Pacific is expected to present lenient growth, poised by the favorable healthcare.
Some of the key players of the Newborn Screening market include AB Sciex LLC, Agilent Technologies Inc., Bio-Rad Laboratories, Inc., Covidien PLC, GE Healthcare, GE Lifesciences, Masimo Corporation, Natus Medical Incorporated, Perkinelmer, Inc., Trivitron Healthcare and Waters Corporation.
Product types Covered:
Newborn Hearing Screening Instruments
Hearing Screening Accessories
Hearing Screening Devices
Newborn Disorder Screening Instruments
Reagents and Assay Kits
Hearing Screen Technology
Immunoassays and Enzymatic Assays
Pulse Oximetry Screening Technology
Tandem Mass Spectrometry (TMS)
Test Types Covered:
Critical Congenital Heart Diseases (CCHD) Test
Dry Blood Spot Test
Hearing Screen Test
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