Global Prenatal Testing And Newborn Screening Market To Reach Value Of About $6 Billion In 2023

The global prenatal testing and newborn screening market is expected to decline from $4.39 billion in 2019 to $4.18 billion in 2020 at a compound annual growth rate (CAGR) of -4.79%. The decline is mainly due to the COVID-19 outbreak that has led to deferred care in order to avoid visiting hospitals, which resulted in reduced patient volume. The market is then expected to recover and reach $6.04 billion in 2023 at a CAGR of 13.09%. The high prevalence of genetic diseases in infants contributed to the growth of the prenatal testing and newborn screening market. Growth of the prenatal testing and newborn screening market may be hampered by the relatively low healthcare access in most developing countries, compared to the developed nations.

The prenatal testing and newborn screening tests market consists of sales of prenatal testing and newborn screening tests services and related goods by entities that provide prenatal testing and newborn screening tests, which help to determine various genetic and chromosomal diseases, to provide timely medical or surgical treatment of a condition before or after birth. Genetic diseases such as sickle cell, Down’s syndrome, cystic fibrosis and muscular dystrophy are detected with the help of these tests. Only goods and services traded between entities or sold to end consumers are included.

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The global prenatal testing and newborn screening market is further segmented based on type and geography.
By Diagnostic Type: Non-Invasive, Invasive
By Technology: Screening Technology, Diagnostic Technology
By End user: Hospitals, Diagnostic Centers.
By Geography: The global prenatal testing and newborn screening market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American prenatal testing and newborn screening market accounts for the largest share in the global prenatal testing and newborn screening market.

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Trends In The Prenatal Testing And Newborn Screening Market
The use of machine learning and artificial intelligence is gradually gaining popularity in the prenatal testing and newborn screening market. Machine learning and AI help companies in the prenatal testing and newborn screening market to conduct a detailed analysis of all relevant data, provide insights about different diseases, and offer a more accurate evaluation of tissue samples.
Prenatal Testing And Newborn Screening Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides prenatal testing and newborn screening market overviews, analyzes and forecasts prenatal testing and newborn screening market size and growth for the global prenatal testing and newborn screening market, prenatal testing and newborn screening market share, prenatal testing and newborn screening market players, prenatal testing and newborn screening market size, prenatal testing and newborn screening market segments and geographies, prenatal testing and newborn screening market trends, prenatal testing and newborn screening market drivers and prenatal testing and newborn screening market restraints, prenatal testing and newborn screening market’s leading competitors’ revenues, profiles and market shares. The prenatal testing and newborn screening market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.