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Newborn Screening Market Size

  • Report ID: GMI8223
  • Published Date: Feb 2024
  • Report Format: PDF

Newborn Screening Market Size

Newborn Screening Market size was valued at around USD 950.5 million in 2023 and is estimated to grow at 7.7% CAGR from 2024 to 2032. Newborn screening is a systematic public health program that involves testing newborn infants for certain genetic, metabolic, and congenital disorders shortly after birth.

 

The primary objective of newborn screening is to detect conditions that may not be immediately apparent but have the potential to cause serious health issues if left untreated. As per statistics, the global birth rate in 2023 stood at 17.46 births per 1000 individuals. Consequently, a rise in childbirth rates is expected to yield a favorable impact on the market.

 

Furthermore, the expansion of newborn screening panels represents a strategic shift towards a more inclusive and detailed assessment of a newborn's health. This initiative involves screening of conditions that occurs in the early stages of life, with a particular focus on rare diseases, metabolic disorders, and genetic abnormalities. This expansion aims to create more comprehensive screening panels that can detect a broader range of potential health concerns in early infancy, fuelling its increasing demand in the healthcare industry.

 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global newborn screening market was valued at around USD 950.5 Million in 2023 and is estimated to reach over USD 1.8 Billion by 2032 owing to the strategic shift towards a more inclusive and detailed assessment of a newborn's health.

The instruments segment is poised for significant development at 7.8% CAGR from 2024 to 2032 fueled by ongoing technological advancements that are enhancing the capabilities of newborn screening instruments.

North America newborn screening market accounted for USD 431.3 million in 2023 and is predicted to witness substantial growth from 2024 to 2032, attributed to the integration of newborn screening data with electronic health records, along with the adoption of advanced genetic testing technologies for precision & scope of screening efforts.

Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., GE Healthcare, Masimo Corporation, Medtronic plc, Natus Medical Incorporated, PerkinElmer, Inc., Thermo Fisher Scientific Inc., Trivitron Healthcare, and Waters Corporation.

Newborn Screening Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 134
  • Countries covered: 22
  • Pages: 150
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