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Prenatal Screening Tests Devices Market Share is Expected to Witness Healthy Valuation of USD 2 Billion at a 12.00 % CAGR by 2032 | MRFR

Jan 30, 2024 10:00 PM ET

Prenatal Screening Tests Devices Market Share is Expected to Witness Healthy Valuation of USD 2 Billion at a 12.00 % CAGR by 2032 | MRFR

Prenatal Screening Tests Devices Market Research Report: Information By Test (Alpha-Fetoprotein (AFP) Tests, Free Beta Human Chorionic Gonadotropin (hCG) Tests, Inhibin A Tests, Non-invasive prenatal testing (NIPT), Pregnancy Associated Plasma Protein A (PAPP-A) Tests, Total Human Chorionic Gonadotropin (hCG) Tests, and Unconjugated Estriol (uE3) Tests), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

According to MRFR analysis, the global Prenatal Screening Tests Devices Market is expected to register a CAGR of 12.00 % from 2023 to 2032 and hold a value of over USD 2 billion by 2032.

The global prenatal screening tests devices market has experienced significant expansion in recent years, driven by a growing emphasis on maternal and fetal health. Prenatal screening is essential for identifying potential genetic abnormalities and congenital disorders in the early stages of pregnancy, enabling timely interventions and informed decision-making for expectant parents.

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As technological advancements continue to shape the landscape of healthcare, the prenatal screening tests devices market has witnessed remarkable growth. This article explores the key trends, innovations, and market dynamics driving the evolution of prenatal screening tests devices.

Segmentation

The global Prenatal Screening Tests Devices market has been segmented based on test.

On the basis of test, the market is segmented into Alpha-Fetoprotein (AFP) Tests, Free Beta Human Chorionic Gonadotropin (hCG) Tests, Inhibin A Tests,

Non-invasive prenatal testing (NIPT), Pregnancy Associated Plasma Protein A (PAPP-A) Tests, Total Human Chorionic Gonadotropin (hCG) Tests, Unconjugated Estriol (uE3) Tests.

The non-invasive prenatal testing (NIPT) segment was attributed to holding the largest market share in 2022. Because a blood test called NIPT is more precise than the initial pregnancy screening exam.

Key Players

Some of the market key players are Illumina Inc, BGI Genomics Co Ltd, Yourgene Health Plc, Eurofins Scientific SE, Agilent Technologies Inc, Roche Diagnostics International Ltd, PerkinElmer Inc, Beckman Coulter Inc, Abbott Laboratories, Siemens Healthineers AG, Quidel Corp, Thermo Fisher Scientific Inc, Tosoh Corp.

Regional Analysis

The global Prenatal Screening Tests Devices market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Prenatal Screening Tests Devices market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Prenatal Screening Tests Devices market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Prenatal Screening Tests Devices market comprises of Middle East, Africa, and Latin America.

The largest market share for Prenatal Screening Tests Devices was maintained by the North American regional sector. Prenatal screening procedures have become more precise, effective, and non-invasive as a result of ongoing technological breakthroughs, notably in the fields of genetic testing and molecular diagnostics. These developments in technology propel the market’s expansion. The need for screening tools and tests is fueled by growing awareness among expectant parents and medical professionals of the value of prenatal screening for early detection of fetal abnormalities. Pregnant women in North America are encouraged to use screening tests widely by supportive government regulations, programs that promote prenatal care, and prenatal testing coverage provided by health insurance.

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Moreover, the Europe market has been persistently growing over the forecast period. Europe is renowned for its state-of-the-art medical facilities, sophisticated healthcare systems, and easy access to cutting-edge technologies. Prenatal screening tests are widely accessible and widely used thanks to this infrastructure. Preventive medicine and early disease detection are the main priorities of European healthcare systems. This strategy is in line with prenatal screening tests, which help to promote their adoption by making it easier to identify fetal anomalies early on.

Additionally, Like in other industrialized nations, women in some parts of Asia Pacific are delaying giving birth more frequently, which increases the chance that newborns will have genetic problems. The need for prenatal screening tests among older pregnant moms is being driven by this trend. The population of the Asia Pacific area is substantial, and its birth rate is strong. There is a significant need for prenatal screening tests to identify genetic illnesses and fetal anomalies as a result of this demographic trend.

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