Vancouver, British Columbia, Dec. 09, 2020 (GLOBE NEWSWIRE) -- The Global Prenatal Testing and Newborn Screening Market is projected to be worth USD 10.85 Billion by 2027, according to the latest analysis by Emergen Research. The prenatal testing and newborn screening market is observing substantial growth attributed to the increasing demand for screening genetic disorders in newborn babies. Newborn screening is beneficial in preventing severe disabilities and is considered very promising in saving the lives of infants through initial diagnosis and treatment. Currently, in the U.S., more than 98.0% of the newborn babies born yearly are tested for over 30 curable genetic, endocrine, metabolic, and infectious diseases in the first week after their birth.
Next-generation sequencing technology has paved the way for the identification of chromosomal aberrations with growing efficiency and lowering expenses. The high-risk testing industry is crowded, and continued rivalry is likely to result in substantial declines in the retail sales price of such tests. The prevalence of such studies can be improved with reduced costs in the market for reproductive genetics. The creation of new technology for prenatal testing is gradually increasing due to the rising awareness of the advantages of non-invasive prenatal testing methods.
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Emergen Research has segmented the Global Prenatal Testing and Newborn Screening Market on the basis of type, test type, technology, instrument, end-user, and region:
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