Global Prenatal And Newborn Genetic Testing Market Size By Test Type, By Application, By Geographic Scope And Forecast

Report ID: 38619|No. of Pages: 202

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Global Prenatal And Newborn Genetic Testing Market Size By Test Type, By Application, By Geographic Scope And Forecast

Report ID: 38619|Published Date: May 2024|No. of Pages: 202|Base Year for Estimate: 2024|Format:   Report available in PDF formatReport available in Excel Format

Prenatal And Newborn Genetic Testing Market Size And Forecast

Prenatal And Newborn Genetic Testing Market size was valued at 6.02 USD Billion in 2024 and is projected to reach 15.13 USD Billion by 2030, growing at a CAGR of 13.46% during the forecast period 2024-2031.

Prenatal And Newborn Genetic Testing Market is estimated to grow at a CAGR of 13.46% & reach US$ 15.13 Bn by the end of 2030

Global Prenatal And Newborn Genetic Testing Market Drivers

The market drivers for the Prenatal And Newborn Genetic Testing Market can be influenced by various factors. These may include:

  • Technological Developments: More precise and thorough testing is made possible by the ongoing developments in genetic testing technologies, including polymerase chain reaction (PCR), next-generation sequencing (NGS), and microarray analysis.
  • Growing Prevalence of Genetic Disorders: In order to diagnose illnesses early and enable prompt therapies, there is an increasing need for genetic testing due to the increased frequency of genetic disorders and chromosomal abnormalities among infants and foetuses.
  • Growing Acceptance and Awareness: One factor driving market expansion is the growing knowledge among parents and medical professionals of the advantages of genetic testing for prenatal and neonatal screening. Genetic testing is becoming more widely accepted as awareness of the value of early detection and intervention grows.
  • Government Support and Initiatives: Supportive laws and regulations, in conjunction with government campaigns to advance newborn screening programmes and provide access to prenatal genetic testing, are what propel the market’s expansion.
  • Growing Maternal Age: Newborns that have older mothers are more likely to have chromosomal abnormalities. Prenatal screening and testing services are in greater demand as many women put off having children in order to determine their risk of genetic abnormalities.
  • Technological Affordability and Accessibility: As genetic testing technologies become more widely available to consumers and healthcare providers, their affordability and accessibility are growing, propelling market expansion.
  • Wanted: Non-Invasive Testing Techniques The market is growing because consumers prefer non-invasive prenatal testing (NIPT) techniques such cell-free foetal DNA testing because they are less risky and have higher accuracy than invasive procedures like amniocentesis and chorionic villus sampling (CVS).
  • Rapid Growth in Personalised Medicine: The use of genetic testing in prenatal and infant care is being driven by the trend towards personalised medicine, which emphasises targeted interventions based on individual genetic makeup.
  • Technological Convergence and Integration: By combining genetic testing with other medical diagnostic techniques and technologies, prenatal and neonatal screening programmes may be made more effective and efficient, which will propel the market’s expansion.
  • Growing Healthcare Expenditure: By making genetic testing services more widely available to a greater audience, the general increase in healthcare spending along with the insurance companies’ growing coverage of these services both support the growth of the industry.

Global Prenatal And Newborn Genetic Testing Market Restraints

Several factors can act as restraints or challenges for the Prenatal And Newborn Genetic Testing Market . These may include:

  • Regulatory Compliance: New testing techniques and technologies may find it difficult to gain traction due to onerous regulatory regulations and approval procedures. To get their products to market, businesses have to traverse complicated regulatory environments, which can be expensive and time-consuming.
  • Ethical Concerns: Privacy, informed consent, and the possibility of discrimination based on genetic information are among the ethical issues that genetic testing brings up. Some people might be reluctant to get tested because they are concerned about the potential uses of their genetic information by employers, insurance companies, or other organisations.
  • Cost: Some people or healthcare systems may find the expense of genetic testing to be prohibitive, especially in areas with little resources or insufficient insurance coverage. Expensive prices could prevent market expansion and restrict access to testing.
  • Low Awareness and Education: There may be a low use of the available tests since many patients and healthcare professionals may not completely comprehend the advantages and restrictions of genetic testing. Campaigns to raise awareness and improve comprehension of prenatal and neonatal genetic testing are required.
  • Technological Restrictions: Despite advancements in genetic testing, specificity, sensitivity, and accuracy are still limited, especially when it comes to identifying uncommon genetic illnesses or variations. For genetic tests to be more clinically useful and reliable, technological advancements are required.
  • Interpretation Difficulties: Determining the meaning of genetic test findings can be difficult and need specific training. Lack of genetics expertise may make it difficult for medical professionals to appropriately counsel patients and their families and interpret test results.
  • Cultural and Societal Factors: People’s decisions on genetic testing may be influenced by their cultural views, societal attitudes, and religious perspectives. Testing uptake may be impacted by cultural taboos or stigmas in some cultures related to genetic diseases.
  • Data Security and Privacy: People may be discouraged from having genetic testing done due to worries about data security and privacy violations. Patients might be concerned about misuse or illegal access to their genetic information, as well as its confidentiality.

Global Prenatal And Newborn Genetic Testing Market Segmentation Analysis

The Global Prenatal And Newborn Genetic Testing Market is Segmented on the basis of Test Type, Application, And Geography.

Prenatal And Newborn Genetic Testing Market Segmentation Analysis

Prenatal And Newborn Genetic Testing Market, By Test Type

  • Carrier Screening: This type of test identifies individuals who carry a gene mutation for a genetic disorder. Carrier screening can be done before pregnancy, during pregnancy, or after a baby is born.
  • Non-Invasive Prenatal Testing (NIPT): NIPT is a blood test that can screen for certain chromosomal abnormalities in a fetus. NIPT is done during pregnancy, usually between 10 and 14 weeks.
  • Chromosomal Microarray Analysis (CMA): CMA is a test that can detect small deletions or duplications of chromosomes. CMA can be used to diagnose a variety of genetic disorders, including intellectual disability, developmental delays, and birth defects.
  • Biochemical Genetic Testing: Biochemical genetic testing measures the levels of enzymes or other chemicals in the blood or other tissues. Biochemical genetic testing can be used to diagnose a variety of genetic disorders, including metabolic disorders.

Prenatal And Newborn Genetic Testing Market, By Application

  • Down Syndrome Screening: Down syndrome is a genetic disorder that causes developmental delays and intellectual disabilities. Down syndrome screening is a group of tests that can help to identify a pregnancy at increased risk of having a baby with Down syndrome.
  • Cystic Fibrosis Screening: Cystic fibrosis is a genetic disorder that affects the lungs, pancreas, and other organs. Cystic fibrosis screening is a test that can identify babies who are carriers of the cystic fibrosis gene.
  • Spinal Muscular Atrophy (SMA) Screening: Spinal muscular atrophy (SMA) is a genetic disorder that affects the muscles. SMA sc

Prenatal And Newborn Genetic Testing Market, By Geography

  • North America: Market conditions and demand in the United States, Canada, and Mexico.
  • Europe: Analysis of the Prenatal And Newborn Genetic Testing Market in European countries.
  • Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa: Examining market dynamics in the Middle East and African regions.
  • Latin America: Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Prenatal And Newborn Genetic Testing Market are:

  • Abbott Laboratories
  • Illumina Inc.
  • F. Hoffmann-La Roche AG
  • Natera
  • Quest Diagnostics
  • Laboratory Corporation of America
  • Thermo Fisher Scientific
  • Bio-Rad Laboratories

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Abbott Laboratories, Illumina Inc., F. Hoffmann-La Roche AG, Natera, Quest Diagnostics, Thermo Fisher Scientific, Bio-Rad Laboratories

SEGMENTS COVERED
  • By Test Type
  • By Application
  • By Geography
CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Verified Market Research:

Research Methodology of VMR

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
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Frequently Asked Questions

Prenatal And Newborn Genetic Testing Market size was valued at 6.02 USD Billion in 2024 and is projected to reach 15.13 USD Billion by 2030, growing at a CAGR of 13.46% during the forecast period 2024-2031.

Technological Developments, Growing Prevalence Of Genetic Disorders, Growing Acceptance And Awareness and Government Support And Initiatives are the factors driving the growth of the Prenatal And Newborn Genetic Testing Market.

The major players are Abbott Laboratories, Illumina Inc., F. Hoffmann-La Roche AG, Natera, Quest Diagnostics, Thermo Fisher Scientific, Bio-Rad Laboratories.

The Global Prenatal And Newborn Genetic Testing Market is Segmented on the basis of Test Type, Application, And Geography.

The sample report for the Prenatal And Newborn Genetic Testing Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis

4. Prenatal And Newborn Genetic Testing Market, By Test Type
• Carrier Screening
• Non-invasive Prenatal Testing (NIPT)
• Chromosomal Microarray Analysis (CMA)
• Biochemical Genetic Testing

5. Prenatal And Newborn Genetic Testing Market, By Application
• Down Syndrome Screening
• Cystic Fibrosis Screening
• Spinal Muscular Atrophy (SMA) Screening

6. Regional Analysis
• North America
• United States
• Canada
• Mexico
Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

7. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

8. Competitive Landscape
• Key Players
• Market Share Analysis

9. Company Profiles
• Abbott Laboratories
• Illumina Inc.
• F. Hoffmann-La Roche AG (Roche Diagnostics)
• Natera
• Quest Diagnostics
• Laboratory Corporation of America (LabCorp)
• Thermo Fisher Scientific
• Bio-Rad Laboratories

10. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

11. Appendix
• List of Abbreviations
• Sources and References

Report Research Methodology

Research methodology

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Exploratory data mining

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All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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