Canada Preterm Birth And Prom Testing Market Size & Outlook
Canada preterm birth and prom testing market, 2018-2030 (US$M)
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Canada preterm birth and prom testing market highlights
- The Canada preterm birth and prom testing market generated a revenue of USD 45.2 million in 2023 and is expected to reach USD 83.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, ultrasound was the largest revenue generating test type in 2023.
- IGFBP Test is the most lucrative test type segment registering the fastest growth during the forecast period.
Preterm birth and prom testing market data book summary
| Market revenue in 2023 | USD 45.2 million |
| Market revenue in 2030 | USD 83.3 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Ultrasound |
| Fastest growing segment | IGFBP Test |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pelvic exam, Ultrasound, Biochemical Markers, Uterine Monitoring, Nitazine Test, Ferning Test, Pooling, PAMG-1 Immunoassay, IGFBP Test, Fetal Fibronectin (fFN) |
| Key market players worldwide | Qiagen NV, Hologic Inc, CooperSurgical, Abbott Laboratories, Biosynex, Sera Prognostics, Medix Biochemica, Clinical Innovations, NX Prenatal, IQ Products |
Other key industry trends
- In terms of revenue, Canada accounted for 3.2% of the global preterm birth and prom testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. preterm birth and prom testing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 83.3 million by 2030.
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Preterm Birth And PROM Testing Market Scope
Preterm Birth And PROM Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada preterm birth and prom testing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to preterm birth and prom testing market will help companies and investors design strategic landscapes.
Ultrasound was the largest segment with a revenue share of 31.86% in 2023. Horizon Databook has segmented the Canada preterm birth and prom testing market based on pelvic exam, ultrasound, biochemical markers, uterine monitoring, nitazine test, ferning test, pooling, pamg-1 immunoassay, igfbp test, fetal fibronectin (ffn) covering the revenue growth of each sub-segment from 2018 to 2030.
According to Statistics Canada, in 2019, the number of live births with gestation period less than 37 weeks was 29,998 in the country. Preterm births occur in 8% of pregnancies in Canada. This leads to high mortality and morbidity, which significantly affects babies and their families as well as the healthcare system.
The Canadian Premature Babies Foundation (CPBF), a parent-led charity, facilitates education and financial support to families of babies born prematurely in Canada. The aims of organizations like these include continuous development of peer support programs, provide needful materials to those families, and ensure improvement of the lives of premature babies & their families.
The organization plays an important role in promoting World Prematurity Day across the country. Hence, such high prevalence and initiatives undertaken to promote awareness are expected to drive the market growth in Canada over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada preterm birth and prom testing market , including forecasts for subscribers. This country databook contains high-level insights into Canada preterm birth and prom testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada preterm birth and prom testing market size, by test type, 2018-2030 (US$M)
Canada Preterm Birth And PROM Testing Market Outlook Share, 2023 & 2030 (US$M)
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