North America dominates the global market for newborn screening due to the need for reducing healthcare cost . Asia is expected to witness high growth rates in the next five years in the newborn screening market . China and India are expected to be the fastest-growing newborn screening markets in Asia Pacific. Some of the key growth drivers of the newborn screening market in emerging countries are the large pool of patients, increasing healthcare expenditure, and rising government funding and initiatives.
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In recent years, the use of newborn screening has increased due to increasing incidences of critical congenital heart defects. Technological advancements in screening, benefits offered by newborn screening programs, and increased government funding and support are some of the key factors driving the growth of the global newborn screening market. In addition, increasing healthcare awareness is also fueling the growth of the global newborn screening market. However, lack of improved healthcare infrastructure and trained professionals, and socio -economic barriers are some of the major factors restraining the growth of the global newborn screening market.
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Screening of genetic disorders, digital microfluidics technology, and next-generation sequencing technology for newborn screening are expected to create opportunities for the global newborn screening market. However, high cost of automation and lack of uniformity of newborn testing procedures and policies could pose challenges for the global newborn screening market. The trend for global newborn screening market is rise in innovative products due to increase in R&D investment . Some of the major companies operating in the global newborn screening market are GE Healthcare, Trivitron Healthcare, AB Sciex, LLC., Perkinelmer, Inc., Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., Covidien, Plc., Masimo Corporation, Waters Corporation, and Natus Medical Incorporated.
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