Increasing incidences of chromosome defects with increased maternal age and the rising awareness of prenatal testing, especially in in developing countries around the world, are some of the key factors driving market revenue growth during the forecast period
According to Emergen Research, the global prenatal testing market size was USD 3.23 billion in 2019 and is expected to reach USD 8.08 billion in 2027 and register a revenue CAGR of 12.9% during the forecast period, 2020-2027.
Steady revenue growth of the global prenatal testing market is attributed to factors such as increasing incidences of miscarriage and pregnancy-related complications, increasing chances of chromosomal defects and disorders with growing maternal age, rising awareness of advanced and non-invasive prenatal testing procedures, and rapidly advancing global healthcare infrastructure. Technological advancements in prenatal testing methods in terms of improved chemistry, advanced functionalities, and bioinformatics analysis, and improvements in government reimbursement policies for low-risk pregnancies are among the other key factors expected to drive the global prenatal testing market revenue growth in the upcoming years.
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The market revenue growth, however, is expected to be hampered over the forecast period due to certain unfavorable factors. Rising costs of prenatal testing procedures, lack of skills and expertise among healthcare personnel, and absence of advanced healthcare infrastructure in most underdeveloped countries around the world are expected to restrain the global market revenue growth to a certain extent over the forecast period.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Ultrasound Method Segment to Register Fastest Revenue Growth Rate:
Based on method, the ultrasound segment is expected to register the fastest revenue CAGR of 13.2% over the forecast period. Increasing preference for ultrasound prenatal testing procedures, owing to its many advantages such as increased safety, non-invasiveness, and improved diagnosis, is a key factor driving the growth of this segment. Advancements in ultrasound technology and emergence of 3D and 4D imaging techniques with real-time monitoring and higher safety and efficacy are further expected to drive revenue growth of this segment.
Diagnostic Centers Accounted for Largest Revenue Share in 2019:
Among end-use segments, the diagnostic centers segment accounted for the largest revenue share in the global prenatal testing market in 2019 due to many favorable factors. Increasing cases of chromosomal abnormalities, growing need for non-invasive prenatal testing, technological advances in prenatal testing procedures, and rising number of diagnostic centers worldwide are the primary factors contributing to the growth of this segment.
North America Accounted for Largest Revenue Share in 2019:
Among regional markets, the North America prenatal testing market was the most dominant in terms of revenue in the global market in 2019. Increasing incidences of chromosomal disorders, rising volumes of prenatal testing procedures, surging need for both non-invasive diagnostic techniques, and rapid adoption of advanced diagnostic imaging technologies are among the key factors driving the North America market revenue growth. Presence of state-of-the-art healthcare infrastructure and leading industry players in the region, including Quest Diagnostics, Illumina, and Ariosa Diagnostics, further boost the regional market revenue growth.
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Major Companies in the Market Include:
- Quest Diagnostics
- GeneDx, Inc.
- Natera, Inc.
- Illumina, Inc.
- Ravgen Inc.
- Prenatal Paternities Inc.
- Ariosa Diagnostics, Inc.
- Eurofins NTD Inc.
- Counsyl, Inc.
For the purpose of this report, Emergen Research has segmented the global prenatal testing market based on method, test type, application, end-use, and region:
Method Outlook (Revenue, USD Billion; 2017-2027)
- Blood or Saliva
- Chorionic villus sampling
- Percutaneous umbilical blood sampling
Test Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
- Microdeletions Symptoms
End-use Outlook (Revenue, USD Billion; 2017-2027)
- Specialty Clinics
- Diagnostic Centers
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Region Outlook (Revenue, USD Million; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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