Market revenue in 2023 | USD 56.6 million |
Market revenue in 2030 | USD 92.5 million |
Growth rate | 7.3% (CAGR from 2023 to 2030) |
Largest segment | Tandem mass spectrometry |
Fastest growing segment | Electrophoresis |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Tandem Mass Spectrometry, Pulse Oximetry, Enzyme-based Assay, DNA Assays, Electrophoresis |
Key market players worldwide | Bio-Rad Laboratories Inc, Agilent Technologies, Agilent Technologies Inc, Covidien, Masimo Corp, Waters Corp, Natus Medical, GE HealthCare Technologies Inc Common Stock, PerkinElmer, Danaher Corp |
Tandem mass spectrometry was the largest segment with a revenue share of 24.56% in 2023. Horizon Databook has segmented the Japan 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.
Being a developed economy, Japan is expected to provide huge platform for growth of newborn screening market over the forecast period. Japan started with the phenylketonuria (PKU) screening and only six conditions were screened in newborns till late 1990s.
The rising awareness levels and high disposable incomes are the factors boosting the market growth. Availability of advanced technology and ability to develop new devices by most of the companies in the country are the factors expected to continue the high growth rate of the market in the country.
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