17 September 2018: Newborn screening tests help healthcare providers to identify any serious health issues in newborns and also them in decision-making about treating such issues. Although most newborns are healthy, early diagnosis and, if required, relevant treatments can save lives with just a few simple tests. Hearing screen, Critical Congenital Heart Disease or CCHD, and heel stick or dry blood spot tests are the three major types of newborn screening tests.
Dry Blood Spot Test is the Most Common Newborn Screening Test
Dry blood spot tests led the newborn screening test type segment occupying 45.0 % of the overall revenue and are likely to expand further even during the forecast period i.e., from 2016 to 2022. Free of cost provision of filter paper by government bodies is likely to be the major contributor toward the segment’s expansion. Critical Congenital Heart Disease or CCHD, which is a commonly occurring disease among newborns, is identified with the help of pulse oximetry-based screening tests.
The CCHD segment is also projected to witness a substantial growth due to rising cases of the disease. Many leading companies in the newborn screening field are trying to come up with cost-effective yet efficient test solutions. A startup called Sohum Innovation Lab has introduced a new hearing screening device that helps identify hearing impairments in newborn babies. The new device facilitates regular screening for hearing issues helping in timely treatment for the same.
Market Insights
According to the findings of research report by Grand View Research, Inc.; the global newborn screening market is projected to reach at USD 1.43 billion by 2022. Rising cases of congenital disorders, which may result in dysfunctioning body organs or mental retardation are expected to have a major impact on the global market development. In addition, the availability of highly advanced screening tests and technologies are also anticipated to drive the growth of the global market over the next few years.
Natus Medical Inc.; Agilent Technologies Inc.; Covidien PLC; Bio-Rad Laboratories Inc.; and AB Sciex LLC are some of the prominent companies operating in the global market for newborn screening. Most of these businesses invest in strategic alliances and M&A activities to ensure business growth.
In-Depth Research Report On Newborn Screening Market:
https://www.grandviewresearch.com/industry-analysis/newborn-screening-market
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