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Showing posts with the label Newborn Screening Market

Newborn Screening Market Will Grow Rapidly In Coming Years

  Newborn Screening Industry The global  newborn screening market  size is expected to reach USD 1.40 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.54% from 2023 to 2030. The growth of the market for newborn screening is majorly attributed to favorable reimbursement policies and government support programs, as well as the presence of key players focusing on developing efficient screening tests. In addition, high birth rates in the most populous economies such as China and India, coupled with high disposable income, are factors anticipated to drive the market positively. According to Indian Paediatrics Report 2022, NBS has become a staple in public health prevention, and its panel is always growing. Specific DBS-based metabolic testing tools continue to be crucial in NBS. Genetic and genomic testing have become effective tools because of scientific advancements. Both, however, have advantages an...

Newborn Screening Market Share To Reach Scalable Heights Of Growth

  Newborn Screening Industry The global newborn screening market size was valued at USD 789.35 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.54% from 2023 to 2030.The rising neonatal population, increasing cases of congenital diseases in newborns, growing consumer awareness, and favorable initiatives & support from various governments organizing several programs & legislations are factors estimated to propel market growth over the forecast period. In addition, technological advancements in screening methodologies are also expected to boost the market. The extensively growing prevalence of congenital diseases in newborns is expected to have a positive impact on the market growth for newborn screening. According to data published by the WHO in February 2023, an estimated 240,000 newborns die within 28 days of birth each year globally due to congenital diseases. Congenital disorders are further responsible for an estimated 170,000 child d...

Newborn Screening Market To Witness Massive Growth By 2030

  The global  newborn screening market  size is expected to reach USD 1.40 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.54% from 2023 to 2030. The growth of the market for newborn screening is majorly attributed to favorable reimbursement policies and government support programs, as well as the presence of key players focusing on developing efficient screening tests. In addition, high birth rates in the most populous economies such as China and India, coupled with high disposable income, are factors anticipated to drive the market positively. According to Indian Paediatrics Report 2022, NBS has become a staple in public health prevention, and its panel is always growing. Specific DBS-based metabolic testing tools continue to be crucial in NBS. Genetic and genomic testing have become effective tools because of scientific advancements. Both, however, have advantages and drawbacks. The present NB...

Newborn Screening Market Expected To Grow At CAGR Of 7.54% From 2023 To 2030

  Newborn Screening Industry Overview The global newborn screening market size was valued at USD 789.35 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.54% from 2023 to 2030.The rising neonatal population, increasing cases of congenital diseases in newborns, growing consumer awareness, and favorable initiatives & support from various governments organizing several programs & legislations are factors estimated to propel market growth over the forecast period. In addition, technological advancements in screening methodologies are also expected to boost the market. Gather more insights about the market drivers, restrains and growth of the  Newborn Screening Market The extensively growing prevalence of congenital diseases in newborns is expected to have a positive impact on the market growth for newborn screening. According to data published by the WHO in February 2023, an estimated 240,000 newborns die within 28 days of birth each year...