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Global Newborn Screening Market 2018 – Volume, Revenue And Growth Rate Forecast 2024

Global Newborn Screening Equipment Market

Market Overview

The newborn screening 0r neonatal screening refers to a preventive pediatric screening service for new-borns to evaluate of access their possibility of genetic disorders in the field of “Inborn Errors of Metabolism”. These types of errors do not harm at the time of birth but have all the potential to cause permanent neurological, cognitive, tactile and physical damage while growing. If inborn errors are screened prior to birth they can be treated easily with the help of sophisticated fully-automated solutions in the highest quality and performance standards, ensuring the highest levels of performance.

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According to Centers for Disease Control CDC , over 4 million babies are tested every year for metabolism-related dysfunctions in almost 50 states of the U.S. In the U.S., state-run newborn related programs have improved child healthcare tremendously over the last few decades. The screening methods used in various countries are transient evoked otoacoustic emissions TEOAE testing and automated auditory brainstem response AABR , with distortion product otoacoustic emissions DPOAE testing used in detection of newborn hearing screening.

Masimo announces CE Mark of Eve newborn screening application for Radical-7, an intuitive software feature to help clinicians more effectively screen for critical congenital heart disease. Labsystems Diagnostics and Baebies join hands to deliver newborn screening solutions globally.

Market Segmentation
• By Technology
o Tandem Mass Spectrometry
o Pulse Oximetry
o Enzyme Based Assays
o DNA Assays
o Electrophoresis
• By Application
o Hearing Disability
o Blood Spot Disease
o Critical Congenital Cardiac Disease
o Sickle cells Disease
o Thyroid Disorder
o Maple Syrup Disease
• By Geography
o North America US, Canada {Market Share % , Market Size USD Billion , Adoption Rate % }
o Europe UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe {Market Share % , Market Size USD Billion , Adoption Rate % }
o Middle East and Africa GCC Countries, North Africa, South Africa and Rest of Middle East & Africa {Market Share % , Market Size USD Billion , Adoption Rate % }
o Latin America Brazil, Mexico and Rest of Latin America {Market Share % , Market Size USD Billion , Adoption Rate % }
o Asia Pacific China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific {Market Share % , Market Size USD Billion , Adoption Rate % }
o Rest of the World {Market Share % , Market Size USD Billion , Adoption Rate % }

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Growth Drivers and Challenges
To ensure sustainability market players are involved in strategic partnership that is driving the newborn screening equipment market, for instance, Trivitron Healthcare and Agilent Technologies have collaborated in the area of high precision in-vitro diagnostics based on the LC-MS/MS platform. In addition, awareness programs, quality assurance of newborn diagnostic procedure, increasing incidence of newborn diseases, technological advancements, improving infrastructure and healthcare plan, availability of new opportunities for expansion and government initiatives are likely to propel this market.
However, lack of trained professionals, lack of healthcare infrastructure, socio economic factors, less priority schemes and health insurance complexity hinders the newborn screening equipment market.
Market Size and Forecast 2016-2024
The global newborn screening equipment market was valued at an estimated USD 0.45 billion in 2016 and is expected to reach USD 1.0 billion by 2024, growing at a CAGR of 10.5% between 2016 and 2024 owing to 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 newborns.
On the basis of technology, the enzyme assays commanded the largest market share 37.5% in 2016 followed by immunoassay 30% , while tandem mass spectrometry tends to be the fastest-growing segment in newborn screening equipment market over the forecast years.
On the basis of application, Critical Congenital Heart Disease CCHD which is screened using the pulse oximeter based technology acquires the major share in newborn screening equipment market. It is estimated that 0.18% infants worldwide, suffer from CCHD, which may lead to death if undetected.
North America newborn screening equipment market has the largest share i.e. 45% while Asia-Pacific is expected to witness lucrative growth over the forecast period. Korea, China, Taiwan, India and Sri Lanka due to the presence of favorable healthcare schemes drafted by government agencies tends to conquer the major market share in newborn screening equipment market.
Key Market Players
• Trivitron Healthcare
o Synopsis
o Business Strategy
o Product Portfolio
o SWOT Analysis
• Ab Sciex LLC
• Waters Corporation
• Natus Medical Incorporated
• Masimo Corporation
• Agilent Technologies Inc.
• Bio-Rad Laboratories Inc.
• Covidien Plc
• GE Healthcare
• Covidien Plc
• PerkinElmer Inc.
Scope Background
Market Synopsis
Market Segmentation
Global New-Born Screening Equipment market is segmented as follows:
• By Technology Market Size, Demand Analysis and Growth Analysis
• By Application Market Size, Demand Analysis and Growth Analysis
Global New-Born Screening Equipment market report covered insights of below mentioned regions:
• North America U.S., Canada {Market Size, Growth Analysis and Opportunity Analysis}
• Latin America Argentina, Mexico, Brazil and Rest of Latin America {Market Size, Growth Analysis and Opportunity Analysis}
• Europe Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe {Market Size, Growth Analysis and Opportunity Analysis}
• Asia-Pacific China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific {Market Size, Growth Analysis and Opportunity Analysis}
• Middle East and North Africa MENA {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of World {Market Size, Growth Analysis and Opportunity Analysis}

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