Market revenue in 2023 | USD 797.5 million |
Market revenue in 2030 | USD 1,308.5 million |
Growth rate | 7.3% (CAGR from 2023 to 2030) |
Largest segment | Tandem mass spectrometry |
Fastest growing segment | Electrophoresis |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Tandem Mass Spectrometry, Pulse Oximetry, Enzyme-based Assay, DNA Assays, Electrophoresis |
Tandem mass spectrometry was the largest segment with a revenue share of 24.65% in 2023. Horizon Databook has segmented the Global newborn screening market based on tandem mass spectrometry, pulse oximetry, enzyme-based assay, dna assays, electrophoresis covering the revenue growth of each sub-segment from 2018 to 2030.
Extensively increasing prevalence of congenital diseases in newborns is expected to have a positive impact on the newborn screening market growth. According to a data published by WHO in February 2023, an estimated 240,000 newborns within 28 days of birth die each year globally due to congenital diseases.
In addition, according to information from Indian Pediatrics, congenital hypothyroidism occurs in 2.1 out of every 1,000 infants in India, and the prevalence of inborn metabolic abnormalities ranges from 2 to 7.8%. Such substantial occurrence of congenital diseases amongst newborns is likely to increase the adoption for tests, which will eventually accelerate the market growth by 2030.
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account