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Demand For Newborn Screening Consumables To Expand Impressively, Growing At Approximately 8% CAGR Through 2031

01-20-2023 02:56 AM CET | Health & Medicine

Press release from: Fact.MR

Demand For Newborn Screening Consumables To Expand

The global newborn screening market is likely to be valued at US$ 520 Million in FY 2022, up from US$ 480 Million in 2021.

Where necessary, this research's data is presented in the form of charts, tables, and maps to make it easier to read. Based on the growth rate, macroeconomic factors, consumer purchasing trends, and market demand and supply scenarios, this market research report estimates the market potential for each geographical area. In order to gain a competitive edge during the forecast period, the market report was specifically created with customer needs in mind.

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Keyword Market Segmentation

By Region

• North America
• Europe
• East Asia
• South Asia
• Latin America
• Oceania
• Middle East & Africa

By Technology

• Newborn Immunoassays & Enzymatic Screening Tests
• Tandem Mass Spectrometry
• Molecular Assays
• Newborn Hearing Screening Technologies
• Pulse Oximetry
• Other Newborn Screening Technologies (Fluorescence, Gel Electrophoresis, etc.)

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Key Companies

• PerkinElmer
• Demant A/S
• Natus Medical Inc.
• Bio-Rad Laboratories
• Danaher Corporation
• Medtronic Plc.
• Chromsystems Instruments & Chemicals GmbH
• Trivitron Healthcare
• Babieses
• RECIPE Chemicals + Instruments GmbH

Newborn Screening Providers are Foraying into Emerging Markets

Newborn screening providers are foraying into emerging markets as the demand for newborn screening services continues to grow. With the increasing prevalence of genetic disorders, more parents are seeking out newborn screening services to ensure their child's health and well-being. Newborn screening providers are now offering their services in countries such as India, China, and Brazil, where the demand for these services is high. These providers are also offering their services in more remote areas of the world, such as Africa and South America. By expanding into these markets, newborn screening providers are able to reach a larger population of parents who may not have access to these services otherwise. Additionally, by providing their services in emerging markets, newborn screening providers can help reduce the burden of genetic disorders on families and communities.

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What research methodology we use at FactMR?

FactMR offers off-the-shelf (syndicated) market research reports as well as custom market research reports which are based on client's requirements. Besides, FactMR also maintains a vast repository of upcoming or work-in-progress market research reports, which are published at a stipulated time. Based on client requirements, these upcoming reports can be expedited.

Why Choose Fact.MR

• One of the most established market research companies in India
• Round the clock customer support for clients across the globe
• Tailor-made reports available without additional costs
• Analysis of markets in over 150 countries
• Data collected from credible primary and secondary sources

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