Market revenue in 2023 | USD 132.1 million |
Market revenue in 2030 | USD 219.3 million |
Growth rate | 7.5% (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 |
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 24.6% in 2023. Horizon Databook has segmented the North America 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.
Newborn screening program is diligently followed in all the states of North America. According to statistics published by CDC’s in 2013, more than four million babies born annually are screened for various possible conditions.
Recently, ACMG has deviated from the traditional screening criteria and added new conditions to the list. Hearing screen was added in 2011. Congenital disorders left undetected may lead to arrested mental and physical development, hampering the life-long health of individuals.
North America is highly active in its aim to retain health and well-being of future citizens, and has advocacy groups and federal government, which provide funding to promote market growth. The National Association for Retarded Citizens (NARC) along with Public Health Services have initiated pilot diagnoses program in collaboration with state laboratories.
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