HEALTHCARE

Market Analysis: Newborn screening, simply put, are medical tests, most of which are genetic, carried out for identifying babies having specific disorders that without intervention is likely to affect newborns as well as their families permanently. Global New-Born Screening Market is expected to register a CAGR of 13.33% to reach USD 1545.98 Million till 2025 . Various factors are propelling the newborn screening market growth. Some of these factors, according to the Market Research Future report, include the rising base of neonatal population, favorable government policies, various technological advancements, and increasing government initiatives for research and development. Additional factors pushing market growth include growing demand for early disease detection tests, rising number of neonatal diseases including congenital hypothyroidism and newborn hearing loss, and rising cases of critical congenital heart defects. On the contrary, absence of infrastructure, diff...

Market Highlights: Newborns are prone to infections, which can occur at any time from the time of birth. The term newborn screening is widely used to describe various tests that occur during the first few hours or days of a newborn’s life and which, when properly timed and performed, has the potential to prevent severe health problems, including death. Factors such as an increase in incidences of newborn diseases, growing awareness among the population results in the growth of the market, Also, the increase in demand for newborn diagnosis, technological advancements to boost the growth of the market, new entrants in the market and government initiatives to bolster the growth of the market. However, other factors such as socio-economic issues extremely affect the market, lack of skilled and trained professionals, lack of healthcare infrastructure hinders the growth of the market. The global new-born screening market is expected to register a significant growth of 10.5% CAGR during ...