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Global Newborn Screening Market to Reach About USD 1.6 Billion by 2026, Aided by the Increasing Accessibility to Newborn Screening

According to a new report by EMR titled, ‘Global Newborn Screening Market Report and Forecast 2021-2026’, the global market for newborn screening is expected to grow at a CAGR of 9% in the forecast period of 2021-2026 to reach a value of approximately USD 1.6 billion by 2026.

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.

Market Analysis by Technology, Test Type, Product, and Region:

  • The market, on the basis of technology, can be divided into tandem mass spectrometry, pulse oximetry, enzyme based assays, DNA assays, and electrophoresis.
  • Based on test type, the industry can be divided into dry blood spot tests, critical congenital heart disease, and hearing screening tests.
  • The major products of newborn screening include instruments and reagents and assay kits.
  • The regional markets for newborn screening include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The introduction of various government initiatives to prevent the contraction of treatable diseases among infants is increasing the prevalence of newborn screening, hence aiding the market growth.
  • The market is being driven by the increasing accessibility of optimal healthcare in developing regions owing to inflating disposable income and expanding healthcare infrastructure.
  • The increasing awareness regarding the significance of newborn screening among parents to prevent the risk of autism, dyslexia, and learning disabilities, among others, is fuelling the market growth.
  • The development of complex and innovative diagnostic methods to detect underlying asymptomatic and genetic issues is augmenting the market growth of newborn screening.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for newborn screening for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the technologies, test types, products, and major regions of newborn screening.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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