Increasing incidence of genetic disorders and chromosomal aberrations in babies due to increased maternal age, growing awareness regarding benefits of early diagnostic testing, and advancements in genetic testing are some key factors expected to drive market growth.
Increasing incidence of genetic disorders and chromosomal aberrations in babies due to increased maternal age, growing awareness regarding benefits of early diagnostic testing, and advancements in genetic testing are some key factors expected to drive market growth
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 CAGR of 12.9% during the forecast period, 2020-2027.
Market Dynamics:
Prenatal testing and screening is often done to identify the chances and probability of birth defects, genetic disorders, and congenital issues in a baby and these tests often include ultrasound, blood tests, and prenatal cell-free DNA testing. Prenatal tests give pregnant women information about their health and baby’s health. Prenatal testing is generally offered to pregnant women to determine if the fetus has any possibility of being born with a genetic or chromosomal defect or congenital disorder. Increasing trend of getting pregnant at later stages in life, growing need to screen for genetic condition risks and genes in parents, and increasing advancements in prenatal testing such as the advent of non-invasive and safe tests are some key factors expected to drive market revenue growth over the forecast period.
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Prenatal testing for fetal abnormalities has been integrated in healthcare sector for ages and rapid technological advancements have led to the introduction of non-invasive prenatal testing (NIPT) for the screening of trisomy 21, 18, and 13. Over the recent years, efforts have been made to develop non-invasive screening methods for maternal pregnancy-related disorders such as RNA screening of mother to determine risks for preeclampsia. Increasing investment to broaden the scope of prenatal screening, advancements in massively parallel sequencing and other molecular biology techniques, and rising need to reduce the probability of false negatives and false positives are some other key factors expected to boost market revenue growth over the forecast period. However, certain risks associated with screening tests, inaccessibility to advanced screening tools in developing and underdeveloped countries, high costs of prenatal testing, and low awareness regarding availability of prenatal screening and diagnostic options are some key factors that can limit its adoption and hamper 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 Segment to Account for Largest Revenue Share:
Ultrasound segment is expected to account largest revenue share over the forecast period attributable to increasing preference for safe and non-invasive imaging and diagnostic procedures, low risks associated with the technique, and availability of favorable reimbursement policies.
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Non-invasive Segment to Register Rapid Revenue Growth:
Non-invasive segment is expected to register rapid revenue growth over the forecast period. Revenue growth can be attributed to increasing patient preference for non-invasive methods due to quicker and painless procedures, shorter hospital stays, lesser surgical scars, and cost-effective procedures. In addition, low risk of post-operative complications, minimal loss of blood, and reduced operating time are other key factors boosting adoption on non-invasive methods and this is expected to further drive revenue growth of the segment going ahead.
North America to Lead in Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period attributable to increasing incidence of genetic disorders among babies, rising trend of late-age pregnancy and IVF, availability of advanced medical facilities, and favorable reimbursement plans. In addition, growing focus on prenatal screening and testing, rising demand for non-invasive procedures, increasing disposable income among individuals, and increasing research and development activities to advance genetic screening are some other factors expected to drive revenue growth of the market in the region.
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 on the basis of method, test-type, application, end-use, and region:
Method Outlook (Revenue, USD Billion; 2017-2027)
- Blood or Saliva
- Urine
- Ultrasound
- Amniocentesis
- Chorionic villus sampling
- Percutaneous umbilical blood sampling
Test Type Outlook (Revenue, USD Billion; 2017-2027)
- Invasive
- Non-Invasive
Application Outlook (Revenue, USD Billion; 2017-2027)
- Microdeletions Symptoms
- Trisomy
- Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Specialty Clinics
- Hospitals
- Diagnostic Centers
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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