According to Emergen Research, the global prenatal testing market size was USD 3.64 billion in 2020 and is expected to reach USD 9.12 billion in 2028 and register a revenue CAGR of 12.9% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Prenatal Testing Market, By Method (Blood or Saliva, Urine, Ultrasound, Amniocentesis, Chorionic Villus Sampling, Percutaneous Umbilical Blood Sampling), Test Type (Invasive, Non-invasive) By Application (Microdeletions Symptoms, Trisomy, Others), By End-use (Hospitals, Specialty Clinics, Diagnostic Centers), and By Region, Forecast to 2028”
According to Emergen Research, the global prenatal testing market size was USD 3.64 billion in 2020 and is expected to reach USD 9.12 billion in 2028 and register a revenue CAGR of 12.9% during the forecast period, 2021-2028.
Market Dynamics:
The global prenatal testing market revenue growth is primarily attributed to factors such as rising cases of miscarriage and other pregnancy-related complications, growing problems of increasing maternal age, increasing risks of various chromosomal defects and disorders, and growing preference for highly advanced and minimally invasive prenatal testing procedures. Rapid advancement of the global healthcare infrastructure, technological advances in prenatal testing methods in terms of advanced functionalities, improved chemistry, and bioinformatics, and increasing availability of favorable government reimbursement policies for low-risk pregnancies are other major factors contributing to revenue growth of the global prenatal testing market.
However, the global market revenue growth is restrained to a significant extent due to certain unfavorable factors, such as increasing costs of prenatal testing procedures, absence of advanced healthcare infrastructure – particularly in underdeveloped, low-income countries of the world – and lack of technical expertise and skills among healthcare personnel.
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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 global prenatal testing market is segmented into blood or saliva, urine, ultrasound, amniocentesis, chorionic villus sampling, and percutaneous umbilical blood sampling. The ultrasound segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Factors boosting revenue growth of this segment are rising preference for ultrasound prenatal testing procedures due to advantages such as non-invasiveness, increased safety, and improved diagnosis, significant advances in ultrasound technology, and rapid adoption of 3D and 4D ultrasound imaging techniques with higher safety and efficacy and real-time monitoring.
Diagnostic Centers Accounted for Largest Revenue Share in 2019:
Based on end-use, the global prenatal testing market is segmented into hospitals, specialty clinics, and diagnostic centers. The diagnostic centers segment dominated other end-use segments in terms of revenue share in the global market in 2020. Rising cases of miscarriages and chromosomal abnormalities, increasing demand for non-invasive prenatal testing procedures, technological innovations in prenatal testing methods, and rapidly growing number of diagnostic centers across the globe are among the key factors driving this segment’s revenue growth.
North America Accounted for Largest Revenue Share in 2020:
The North America prenatal testing market dominated other regional markets in terms of largest revenue share in the global market in 2020. Factors majorly contributing to North America market revenue growth are rising incidences of chromosomal disorders and pregnancy-related complications, increasing volumes of prenatal testing procedures, growing need for non-invasive diagnostic techniques, and presence of highly advanced healthcare infrastructure and major market players in the region, including Illumina, Quest Diagnostics, Ravgen Inc., and Ariosa Diagnostics.
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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.
- LabCorp
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; 2018-2028)
- Blood or Saliva
- Urine
- Ultrasound
- Amniocentesis
- Chorionic villus sampling
- Percutaneous umbilical blood sampling
Test Type Outlook (Revenue, USD Billion; 2018-2028)
- Invasive
- Non-invasive
Application Outlook (Revenue, USD Billion; 2018-2028)
- Microdeletions Symptoms
- Trisomy
- Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Specialty Clinics
- Diagnostic Centers
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Region Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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