Press release
Non-Invasive Prenatal Testing Market is Driven by Increasing Healthcare Expenditure
The global NIPT market is growing, due to increasing healthcare expenditure. The average maternal age is increasing in high income countries, due to changing pattern of employment, education and marriage, and increasing cost of raising a child.
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Based on test type, the MaterniT21 PLUS segment led the global NIPT market in 2014 with the largest market size. It was the first test introduced in the market for the diagnosis of Trisomy 21, in 2011. However, the NIFTY test segment is expected to grow with the fastest rate, among the various test type segments during the forecast period.
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The testing and screening for fetal abnormalities has changed the women’s experience of pregnancy. Prenatal tests are medical tests performed during the pregnancy, in order to determine the development of fetus. However, various committees across the globe believe that the implementation of NIPT and consequent increase in prenatal testing would increase the incidence of abortions.
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The key companies operating in the global NIPT market include Sequenom Inc., BGI, LifeCodexx AG, Quest Diagnostics Incorporated, Hoffmann-La Roche Ltd., Illumina Inc., Berry Genomics Co. Ltd., Laboratory Corporation of America Holdings, and Natera Inc.
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