Global Newborn Screening Instruments Market is Set for a Positive Growth Forecast at CAGR of 11.0% till 2023

Bharat Book Bureau Provides the Trending Market Research Report on “Global Newborn Screening Instruments Market, Forecast to 2023” under Life Sciences category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Newborn screening is the practice of testing every newborn for certain harmful or potentially fatal disorder that isn’t otherwise apparent at birth.

Scope of the Report:
- This report focuses on the Newborn Screening Instruments in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
- Increasing cases of congenital diseases in newborns and growing demand for testing are anticipated to drive demand. Technology innovation, rising paranoia of parents, availability of new treatment options and government initiatives aimed at enabling the diagnosis of about 29 possible disorders such as phenylketonuria (PKU), galactosemia (GS), congenital hypothyroidism (CH) and hearing disorders in neonates are expected to play a critical role in the future market development.

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The classification of newborn screening instruments includes disorder screening, hearing screening and pulse oximetry screening, and the revenue proportion of disorder screening in 2016 is about 64%.

Newborn Screening Instruments is widely used for Hearing Screening Test, CCHD Test, Dry Blood Spot Test and other. The most proportion of Newborn Screening Instruments is used in Dry Blood Spot Test and the proportion in 2016 is about 46%.

North America is the largest supplier of Newborn Screening Instruments, with a revenue market share nearly 63% in 2016. Europe is the second largest supplier of Newborn Screening Instruments Media, enjoying revenue market share nearly 26% in 2016.

North America is the largest consumption place, with a consumption market share nearly 46% in 2016. Following North America, Europe is the second largest consumption place with the consumption market share of 33%.

Market competition is not intense. Perkinelmer, Waters, Natus Medical, GE Healthcare, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.

The worldwide market for Newborn Screening Instruments is expected to grow at a CAGR of roughly 11.0% over the next five years, will reach 550 million US$ in 2023, from 300 million US$ in 2017.

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