Non Invasive Prenatal Testing (NIPT) Projection by Technology, Top Key Players, Growth, Revenue, CAGR, Regional Analysis Industry Forecast – 2028

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Market Overview

The global Non Invasive prenatal testing (NIPT) market size is expected to experience exponential growth by reaching USD 13.16 billion by 2028 from USD 4.11 billion while exhibiting a CAGR of 18.1% between 2021 and 2028. Fortune Business Insights, in its report titled, “Non Invasive Prenatal Testing (NIPT) Market, 2021-2028”, mentions that the market stood at USD 3.48 billion in 2020. The increasing cases of congenital disabilities among infants globally is propelling the demand for the product in the forthcoming years.

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Halted Medical Procedure amid COVID-19 Pandemic to Impact Growth

Government agencies across the globe have imposed lockdown and stringent social distancing norms to reduce the effect of the global pandemic, COVID-19. This has led to the suspension of several healthcare activities as precedence is given to COVID-related emergencies.

Market Segmentation:

Based on the product, the market is segmented into consumables & reagents, and instruments. On the basis of the technology, the market is segmented into next-generation sequencing, microarray, PCR, and rolling circular amplification.

  • Based on the technology, the next-generation sequencing segment held the largest global Non Invasive Prenatal testing market share of about 77.8% in 2020. The segment is likely to dominate owing to the increasing adoption of technologies such as PCR and microarray.

On the basis of the end-user, the market is segmented into hospitals and clinical laboratories. Lastly, on the basis of region, the market is categorized into North America, Latin America, the Middle East and Africa, Europe, and Asia-Pacific.

What does the Report Include?

The market report includes qualitative and quantitative analysis of several factors, such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

DRIVING FACTORS

Increasing Incidence of Birth Defects to Aid Growth

According to a report published by the Office for National Statistics (ONS) in England, the average age of mothers in 2017 rose to over 30.5 years, from 30.4 years in 2016. However, this led to the rising cases of Down Syndrome amongst newborns. For instance, in 2019, approximately 104,000 babies suffered from congenital anomalies in Europe, out of which 8,320 babies were found to be suffering from Down Syndrome. Owing to the rising cases, government agencies across the globe formulated supportive policies to ensure proper treatment and awareness among people. These factors are projected to bode well for the global Non Invasive Prenatal testing market growth during the forecast period.

REGIONAL INSIGHTS

North America to Dominate Stoked by Presence of Various Reputed Companies

North America – The region stood at USD 1.79 billion in 2020 and is expected to remain at the forefront during the forecast period. This is owing to the presence of prominent companies that are focusing on the development of advanced and innovative Non Invasive Prenatal testing solutions during the forecast period.

Asia-Pacific – The market in the region is expected to showcase significant growth due to the growing demand for early diagnosis of chromosomal disorders during pregnancies in countries such as India, China, and Japan.

COMPETITIVE LANDSCAPE

Merger and Acquisition by Eminent Companies to Expand Product Portfolio and Boost Sales Revenue

The market for Non Invasive prenatal testing is fragmented by the presence of major companies focusing on acquiring other small companies to develop advanced diagnostic solutions to cater to the growing demand from the healthcare sector. Besides, the adoption of organic and inorganic strategies adopted by the companies is likely to aid in boosting the demand for the product during the forecast period.

Industry Development:

  • July 2021 – Pacific Biosciences announced its decision to acquire Omniome, a San Diego-based company. This acquisition is likely to help the company expand its product portfolio.

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List of the Companies Profiled in the Market

  • Illumina, Inc. (U.S.)
  • YOURGENE HEALTH (U.K.)
  • Natera (U.S.)
  • Hoffmann-La Roche Ltd (Switzerland)
  • PerkinElmer Inc. (U.S.)
  • Laboratory Corporation of America (U.S.)
  • Eurofins LifeCodexx GmbH (Germany)
  • Others

 

Table Of Content:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. Key Insights
    • Technological Advancements in Non-Invasive Prenatal Testing (NIPT) Techniques
    • Number of NIPT Tests Performed, Key Regions, 2020
    • Impact of COVID-19 on Non Invasive Prenatal Testing Market
    • Key Industry Developments – Mergers, Acquisitions, Etc.
  5. Global Non Invasive Prenatal Testing (NIPT) Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Consumables & Reagents
      • Instruments
    • Market Analysis, Insights and Forecast – By Technology
      • Next Generation Sequencing (NGS)
      • Microarray
      • Polymerase Chain Reaction (PCR)
      • Rolling Circular Amplification
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals
      • Diagnostic Laboratories
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia pacific
      • Latin America
      • Middle East & Africa
  1. North America Non Invasive Prenatal Testing (NIPT) Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Consumables & Reagents
      • Instruments
    • Market Analysis, Insights and Forecast – By Technology
      • Next Generation Sequencing (NGS)
      • Microarray
      • Polymerase Chain Reaction (PCR)
      • Rolling Circular Amplification
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals
      • Diagnostic Laboratories
    • Market Analysis, Insights and Forecast – By Country
      • S (By Product)
        • Consumables & Reagents
        • Instruments
      • Canada (By Product)
        • Consumables & Reagents
        • Instruments
  1. Europe Non Invasive Prenatal Testing (NIPT) Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Consumables & Reagents
      • Instruments
    • Market Analysis, Insights and Forecast – By Technology
      • Next Generation Sequencing (NGS)
      • Microarray
      • Polymerase Chain Reaction (PCR)
      • Rolling Circular Amplification
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals
      • Diagnostic Laboratories
    • Market Analysis, Insights and Forecast – By Country/ Sub-region
      • U.K. (By Product)
        • Consumables & Reagents
        • Instruments
      • Germany (By Product)
        • Consumables & Reagents
        • Instruments
      • France (By Product)
        • Consumables & Reagents
        • Instruments
      • Spain (By Product)
        • Consumables & Reagents
        • Instruments
      • Italy (By Product)
        • Consumables & Reagents
        • Instruments
      • Scandinavia (By Product)
        • Consumables & Reagents
        • Instruments
      • Rest of Europe (By Product)
        • Consumables & Reagents
        • Instruments
  1. Asia pacific Non Invasive Prenatal Testing (NIPT) Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Consumables & Reagents
      • Instruments
    • Market Analysis, Insights and Forecast – By Technology
      • Next Generation Sequencing (NGS)
      • Microarray
      • Polymerase Chain Reaction (PCR)
      • Rolling Circular Amplification
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals
      • Diagnostic Laboratories
    • Market Analysis, Insights and Forecast – By Country/ Sub-region
      • Japan (By Product)
        • Consumables & Reagents
        • Instruments
      • China (By Product)
        • Consumables & Reagents
        • Instruments
      • India (By Product)
        • Consumables & Reagents
        • Instruments
      • Australia (By Product)
        • Consumables & Reagents
        • Instruments
      • Southeast Asia (By Product)
        • Consumables & Reagents
        • Instruments
      • Rest of Asia Pacific (By Product)
        • Consumables & Reagents
        • Instruments
  1. Latin America Non Invasive Prenatal Testing (NIPT) Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Consumables & Reagents
      • Instruments
    • Market Analysis, Insights and Forecast – By Technology
      • Next Generation Sequencing (NGS)
      • Microarray
      • Polymerase Chain Reaction (PCR)
      • Rolling Circular Amplification
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals
      • Diagnostic Laboratories
    • Market Analysis, Insights and Forecast – By Country/ Sub-region
      • Brazil (By Product)
        • Consumables & Reagents
        • Instruments
      • Mexico (By Product)
        • Consumables & Reagents
        • Instruments
      • Rest of Latin America
        • Consumables & Reagents
        • Instruments
  1. Middle East & Africa Non Invasive Prenatal Testing (NIPT) Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Consumables & Reagents
      • Instruments
    • Market Analysis, Insights and Forecast – By Technology
      • Next Generation Sequencing (NGS)
      • Microarray
      • Polymerase Chain Reaction (PCR)
      • Rolling Circular Amplification
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals
      • Diagnostic Laboratories
    • Market Analysis, Insights and Forecast – By Country/ Sub-region
      • GCC Countries (By Product)
        • Consumables & Reagents
        • Instruments
      • South Africa (By Product)
        • Consumables & Reagents
        • Instruments
      • Rest of Middle East & Africa (By Product)
        • Consumables & Reagents
        • Instruments
  1. Competitive Analysis
    • Key Industry Developments
    • Global Market Share Analysis (2020)
    • Company Profiles (Overview, Products, SWOT Analysis, Recent Developments, Strategies, Financials (Based on Availability))
      • Illumina, Inc.
      • YOURGENE HEALTH
      • Natera
      • Hoffmann-La Roche Ltd
      • PerkinElmer Inc.
      • Laboratory Corporation of America
      • Eurofins LifeCodexx GmbH
      • Other Players
  1. Strategic Recommendations

                                                               

Continued. . .

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https://www.theexpresswire.com/pressrelease/Global-Surgical-Sutures-Market-Is-Projected-To-Grow-From-USD-341-Billion-In-2021-To-USD-512-Billion-In-2028-At-A-CAGR-Of-60-During-Forecast-Period-2021-28_14667642

NOTE: Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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