The latest published New report by Polaris Market Research. The report “Non-Invasive Prenatal Testing (NIPT) Market Share, Size, Trends, Industry Analysis Report, By Gestation Period (0-12 weeks, 13-24 weeks, 25-36 weeks); By Component (Consumables, Instruments, Software, Services); By Method; By Application; By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Market Analysis:
The global Non-Invasive Prenatal Testing (NIPT) market size was valued at USD 2.89 million in 2020 and is expected to reach USD 6.56 billion by 2028 to grow at a CAGR of 11.0% during the forecast period (2021 – 2028). The market demand for non-invasive prenatal testing is expected to increase during the forecast period owing to growth in the occurrence of genetic disorders, increasing awareness regarding early fetal testing, and advancing maternal age. The significant market growth in healthcare infrastructure, technological advancements, and favorable regulations are some factors expected to provide growth opportunities during the forecast period.
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Competitive Analysis:
Some of the major market participants include Agilent Technologies, Inc., Laboratory Corporation of America Holdings, Illumina, Inc., F. Hoffman-La Roche Ltd., Yourgene Health, Perkinelmer, Inc., GE Healthcare, Quest Diagnostics, Thermo Fisher Scientific, Inc., Sequenom, Qiagen N.V., Koninklijke Philips N.V., Natera, Inc., Beijing Genomics Institute, and Pacific Biosciences of California, Inc.
Regional Analysis:
North America dominated the global NIPT market in 2020 and is expected to maintain its dominance over the forecast period. High living standards, significant investment in healthcare services, and increasing occurrence of chromosome abnormalities support market growth in this region. However, Asia-Pacific is expected to exhibit significant growth during the forecast period. Increasing population coupled with increasing awareness regarding fetal testing fuels growth in this region. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.
On account of the technological advancements, and greater need to cater to customer requirements, companies are collaborating in order to strengthen the market presence and gain market share. Broadening of the product portfolio is another trend that is visible in the industry.
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Table of Contents
- Introduction
- Report Description
- Objectives of the Study
- Market Scope
- Assumptions
- Stakeholders
- Report Description
- Executive Summary
- Market Highlights
- Research Methodology
- Overview
- Data Mining
- Data Sources
- Primary Sources
- Secondary Sources
- Overview
- Non-Invasive Prenatal Testing (NIPT) Market Insights
- Non-Invasive Prenatal Testing (NIPT) – Industry snapshot
- Non-Invasive Prenatal Testing (NIPT) Market Dynamics
- Drivers and Opportunities
- Restraints and Challenges
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers (Moderate)
- Threats of New Entrants: (Low)
- Bargaining Power of Buyers (Moderate)
- Threat of Substitute (Moderate)
- Rivalry among existing firms (High)
- PESTLE Analysis
- Non-Invasive Prenatal Testing (NIPT) Market Industry trends
- Non-Invasive Prenatal Testing (NIPT) Market Assessment by Gestation Period
- Key Findings
- Introduction
- Global Non-Invasive Prenatal Testing (NIPT) Market, By Gestation Period, 2016 – 2028 (USD Million)
- 0-12 weeks
- Global Non-Invasive Prenatal Testing (NIPT) Market, by 0-12 weeks, by Region, 2016 – 2028 (USD Million
- 13-24 weeks
- Global Non-Invasive Prenatal Testing (NIPT) Market, by 13-24 weeks, by Region, 2016 – 2028 (USD Million)
- 25-36 weeks
- Global Non-Invasive Prenatal Testing (NIPT) Market, by 25-36 weeks, by Region, 2016 – 2028 (USD Million)
- Global Non-Invasive Prenatal Testing (NIPT) Market, by Component
- Key Findings
- Introduction
- Global Non-Invasive Prenatal Testing (NIPT) Market, By Component, 2016 – 2028 (USD Million)
- Consumables
- Global Non-Invasive Prenatal Testing (NIPT) Market, by Consumables, By Region, 2016 – 2028 (USD Million)
- Instruments
- Global Non-Invasive Prenatal Testing (NIPT) Market, by Instruments, by Region, 2016 – 2028 (USD Million)
- Software
- Global Non-Invasive Prenatal Testing (NIPT) Market, by Software, by Region, 2016 – 2028 (USD Million)
- Services
- Global Non-Invasive Prenatal Testing (NIPT) Market, by Services, by Region, 2016 – 2028 (USD Million)
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