Prenatal diagnostics is a procedure for testing of diseases before the birth of a child, to determine certain inheritable disorders such as chromosome abnormalities, Down’s syndrome, genetic diseases, neural tube defects, and other conditions. It can be conducted by various procedures of screening, common testing, genetic testing and other measures in cases of high risk related to the birth of a child.
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The global market for prenatal diagnostics in 2010 was USD 5.35 billion and it is expected to grow with a CAGR of 4.35% and generate revenues of USD 5.89 billion by 2018.The U.S. is the market leader in prenatal diagnostics followed by Europe. The market is expected to grow in the economies of Latin America and Asia Pacific.
Major factors driving the growth of prenatal diagnostics market include increase in detection rates of Down’s syndrome, increasing demand for non invasive prenatal diagnostics, advancement in technologies, and also due to increasing age of mothers which enhances the possibility and risk of chromosomal abnormalities.
Some key players of the prenatal diagnostics market are PerkinElmer, Inc., Ravgen, Inc., Sequenom, Inc., Angle Plc., Sequenom Center for Molecular Medicine, Hologic Inc., LLC, Abbott Molecular and TrovaGene, Inc.
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