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North America holds a significant share of the overall newborn screening industry owing to the robust healthcare in countries such as the United States and Canada. As various countries in the region provide universal healthcare, the accessibility to newborn screening for all socioeconomic classes is surging, which is aiding the market growth. Moreover, technological advancements and innovations are increasing the screening of various immunological and genetic diseases, hence augmenting the industry growth. For instance, Newborn Screening Ontario (NSO) started screening for various diseases including endocrine and metabolic diseases such as spinal muscular atrophy (SMA), sickle cell diseases (SCD), severe combined immune deficiency (SCID), and cystic fibrosis (CF), among others in May 2021. Meanwhile, the Asia Pacific region is witnessing robust growth owing to the growing population, improving healthcare infrastructure, and the introduction of various initiatives to surge the accessibility of healthcare, hence significantly contributing to the overall growth of the newborn screening industry.
Medtronic PLC (NYSE: MDT), one of the leading companies in the market, launched the SonarMed airway monitoring system in May 2021. The system utilises acoustic technology to monitor endotracheal tube obstruction to verify real-time position and providing crucial information to healthcare professionals to enhance their decision-making process. Moreover, the monitoring system is further expected to reduce the frequency of unplanned extubation (UE), which can prevent potential health threats and reduce hospital bills. It is approved for usage by the Food and Drug Administration (FDA) of the United States to incessantly and accurately monitor the condition of newborns and improve their quality of life. Such developments are expected to fuel the market growth in the forecast period.
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The major players in the global newborn screening market are Natus Medical, Inc., Masimo Corporation, AB Sciex, LLC, Medtronic PLC, Intelligent Hearing Systems Corporation, and Waters Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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