Prenatal and Newborn Genetic Testing Market Size,
Industry Analysis Report, Regional Outlook from 2017 to
2024.: Global Market Insights Inc.
Growing occurrence of the genetic diseases is the major factor driving global Prenatal
And Newborn Genetic Testing Market. The demand for prenatal and newborn genetic
testing is increasing as expecting parents seek to test and identify genomic
abnormalities. Rising R&D activities for proteomics and genomics coupled with
technological advancement will propel industry growth over the forecast period.
Advancing genome profiling technology including TaqMan PCR coupled with advances
in fetal cell research are boosting the business growth. There is widespread existence of
public as well as private organizations that support the research studies for genomic
testing. For instance, the Max Planck Institute for molecular genetics and National
Human Genome Research Institute (NHGRI) capitalizes, promotes and conducts
genomic research.
Increasing awareness level in pregnant women for testing and screening about
chromosomal abnormalities in fetus provides immense growth opportunities. The
major challenge declining the industry growth is decreasing fertility rates globally
eventually decreasing in pregnancy numbers and fertility rates, negatively impacting
the market. As per, United Nations Department of Economic and Social Affairs, the
Population Division analyzed the world fertility patterns in 2015 were 2.5 kids per
woman worldwide.
According to the government of Western Australia Department of Health, approximately
5% of newborns in the Western Australia have birth defect. It is the major factor
boosting the prenatal and newborn genetic testing market size. Several procedures are
carried out in order to screen the birth defects such as, quad marker screen (Quad),
serum integrated prenatal screen (SIPS), complete second trimester ultrasound for
prenatal genomic screening, and integrated prenatal screen (IPS). Availability of these
tests and increasing awareness among the pregnant women regarding these tests are
propelling business growth.
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