Non-invasive Prenatal Testing (NIPT) Market 2022-2027
New Study Reports “Non-invasive Prenatal Testing (NIPT) Market 2022, Analysis, Growth, Size, Trends Forecasts 2027″ has been Added on PMR.
Report Overview
Starting with the overview of the Non-invasive Prenatal Testing (NIPT) Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2022 has been considered as the base year, with the forecast period extending to 2027.
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Noninvasive prenatal testing (NIPT) procedures are, hence, being rapidly adopted, which is prompting healthcare service providers to increase their focus on such prenatal diagnosis & screening services. Persistence Market Research recently published its study on the global market for noninvasive prenatal testing, which projects the market to bring in US$ 1,447.2 Mn revenues by the end of 2027.
At present, Persistence Market Research values the global noninvasive prenatal testing market at just over US$ 665 Mn, and expects the market to incur revenue growth at an impressive 10.2% CAGR. According to the report, titled “Noninvasive Prenatal Testing Market: Global Industry Analysis and Forecast, 2016-2027,” the global demand for noninvasive prenatal testing will keep surging on the account of rising innovations in prenatal screening products.
The growing presence of ADHD disorders among young adults is also triggering the adoption of noninvasive prenatal testing. Moreover, the demand for noninvasive prenatal tests is expected to grow as a majority of young adults are being introduced to generic medications. Nevertheless, stringent usage regulations and records of drug abuse are expected to curb the growing adoption of noninvasive prenatal testing to some extent.
Company Profiles:
- Ariosa Diagnostics, Inc.
- Berry Genomics Co. Ltd.
- BGI Diagnostics
- Illumina, Inc.
- LifeCodexx AG
- Natera, Inc.
- Sequenom Laboratories
- Quest Diagnostics, Inc.
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A majority of these companies are based in the US, which is why North America is projected to procure an average 60% of global NIPT revenues through 2024. The demand for noninvasive prenatal testing will also be more in Asia-Pacific, and the region’s NIPT market is looking at an opportune US$ 18 Mn increment in 2017 over 2016. Europe’s noninvasive prenatal testing revenues, on the other hand, will also grow aggressively – registering a 10% CAGR during the forecast period.
The report reveals that a considerable share of global NIPT revenues will be derived from higher preference to panel 1 test type. Adoption of panel 1 noninvasive prenatal testing has been projected to rise, bringing in over US$ 850 Mn revenues by the end of 2024. On the hand, global revenues from panel 2 tests are anticipated to soar at a healthy CAGR of 9.7%. Correspondingly, hospitals will remain the largest end-users of noninvasive prenatal testing throughout the forecast period. In the due course of this period, hospitals will not only account for half of global NIPT market value, but will also exhibit revenue growth at highest CAGR of 11.1%.
Global Noninvasive Prenatal Testing Market – Key Trends
- Impact of changing lifestyles: Urban livelihood and rising per capita income of individuals has propelled the occurrence of high-risk pregnancies. Unhealthy habits such as smoking, drinking and working around the clock has given rise to complications in maternal and neonatal outcomes.
- Advanced maternal age: Occurrence of women in their late 30s giving birth for the first time has increased. To avoid birth defects and consider the advanced age of mother, doctors are also promoting the adoption of noninvasive prenatal screening.
- Classification as “LDT”: More healthcare & pharmaceutical companies are entering the global NIPT market as these tests have been tagged as “lab-developed tests” by the FDA.
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Key Questions Answered in the Non-invasive Prenatal Testing (NIPT) Market Report
How is the Non-invasive Prenatal Testing (NIPT) market expected to grow over the projected period?
What direction is the Non-invasive Prenatal Testing (NIPT) market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Non-invasive Prenatal Testing (NIPT) market in future?
What are the key market drivers in the Non-invasive Prenatal Testing (NIPT) market?
What are significant opportunities and improvement areas for Non-invasive Prenatal Testing (NIPT) manufacturers?
What are the key developments and trends taking over the Non-invasive Prenatal Testing (NIPT) market?
Which are the emerging countries that are expected to create significant growth opportunities in the Non-invasive Prenatal Testing (NIPT) market?
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