Prenatal Diagnostics Global Market Report 2023: Conventional Invasive Techniques Loose Sheen, Presenting Opportunities for Innovation

Dublin, March 09, 2023 (GLOBE NEWSWIRE) -- The "Prenatal Diagnostics: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Prenatal Diagnostics Market to Reach $14.2 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Prenatal Diagnostics estimated at US$4.7 Billion in the year 2022, is projected to reach a revised size of US$14.2 Billion by 2030, growing at a CAGR of 14.7% over the analysis period 2022-2030. Non-Invasive, one of the segments analyzed in the report, is projected to record 18.3% CAGR and reach US$10.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Invasive segment is readjusted to a revised 7.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 20.8% CAGR

The Prenatal Diagnostics market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2030 trailing a CAGR of 20.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 12.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.

Select Competitors (Total 43 Featured) -

• ANGLE Plc
• Berry Genomics Co. Ltd.
• BGI Genomics
• F. Hoffmann-La Roche Ltd.
• Hologic Inc.
• Illumina Inc.
• Laboratory Corporation of America Holdings
• Lifecodexx AG
• Natera Inc.
• Quest Diagnostics Inc.
• Ravgen Inc.
• Sequenom Inc.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Prenatal Testing: An Introductory Prelude
• Recent Market Activity
• The Rationale for Prenatal Genetic Testing
• Steady Growth Projected Over the Coming Years for Prenatal Testing
• Developed Regions: Primary Revenue Contributors
• Fast Paced Growth Forecasts in Developing Regions
• Northbound Trajectory in Healthcare Spending Creates Conducive Environment
• Prevailing Economic Scenario Favors Increased Healthcare Spending
• Progressive Momentum in Med Tech Sector Generates Parallel Opportunities
• Prenatal Diagnostics - Global Key Competitors Percentage Market Share in 2023 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Non-Invasive Prenatal Testing (NIPT) Transforms Prenatal Testing Landscape
• Major Factors Influencing Penetration of NIPT
• NIPT Eliminates Risks & Uncertainty of Conventional Procedures
• Replacing Screening Tests - A More Conceivable Change through NIPT
• Diversity in NIPT Usage on the Cards
• Benefits Outweigh Snags in NIPT Tests
• Whole Genome Sequencing Technology in NIPT
• DNA - More Ideal Target for NIPT Analysis than Whole Cells
• Conventional Invasive Techniques Loose Sheen
• Chromosomal Abnormalities Lead the Prenatal Testing Space
• Chromosomal Abnormalities - A Substantial Economic Burden
• List of Genetic Disorders by Event, Genetic Manifestation and Prevalence
• Significant Opportunities in Down's Syndrome Testing
• List of Select Screening Tests Available for T21 Screening and Confirmation
• Beyond Down's Syndrome - Need to Test Additional Targets Crucial
• Trisomy 18 or Edward's Syndrome
• Trisomy 13 or Patau Syndrome
• Cystic Fibrosis Screening and Diagnosis
• Cystic Fibrosis Screening Market - Highly Fragmented
• ACOG and ACGM Recommendations Boost Demand for Prenatal CF Testing
• Prenatal Testing Crucial to Detect Risk of Huntington's Disease
• Increasing Congenital Disorder Incidence - Key Driver for Prenatal Diagnostics
• Prenatal Testing - Effective Way of Alleviating Syphilis Related Deaths and Stillbirths
• Molecular Diagnostics Widen Scope & Span of Prenatal Testing
• NGS & MPS - Enabling Shorter Time to Test Results
• Microarray-Based Prenatal Testing Gathers Steam
• Sequencing in Prenatal Testing - A Potential High Growth Market
• Ultrasound - An Indispensable Combination with Blood Based Screening Tests
• New Sub-Targets on the Anvil for Ultrasound-Based Screening
• Counseling - An Imperative Measure Before and After Prenatal Testing
• Role of Prenatal Testing in Managing Preterm Births
• Lower Sensitivity & Specificity of Existing Tests - A Case for New Tests on the Anvil
• High Sensitivity Serum Tests May Not Have Many Takers
• Ballooning Global Female Population Offers Increased Growth Opportunities
• Issues & Challenges
• Prenatal Diagnostics: Treading Sensitive Ethical Issues
• Controversy Related to "Incidental Findings" of Prenatal Tests
• Opposition to NIPT Technique - A Significant Hurdle to Adoption
• Unresolved Issues Hamper Widespread Testing for Monogenetic Disease
• Dearth of Genetic Counselors - A Major Hurdle for Genetic Testing

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

A selection of companies mentioned in this report includes

• ANGLE Plc
• Berry Genomics Co. Ltd.
• BGI Genomics
• F. Hoffmann-La Roche Ltd.
• Hologic Inc.
• Illumina Inc.
• Laboratory Corporation of America Holdings
• Lifecodexx AG
• Natera Inc.
• Quest Diagnostics Inc.
• Ravgen Inc.
• Sequenom Inc.

For more information about this report visit https://www.researchandmarkets.com/r/18prpo

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• Global Market for Prenatal Diagnostics