In the end of 2021, global New-Born Screening Equipment Market sales were estimated to be over US$ 485 million. The market is expected to grow at a 7.8% CAGR and reach a value of US$ 1100 Million by 2032. As per comprehensive research conducted by ESOMAR-certified consulting firm FMI, the global New-Born Screening Equipment market is projected to witness robust growth during the forecast year 2022 to 2032. The report emphasizes on providing key insights into diverse features including demand, product developments, revenue generation, and sales in the New-Born Screening Equipment market.
The study offers a detailed analysis of dynamics including driver, restraints, opportunities, and challenges, and also highlights their consequent impact on the market. The report also uncovers critical trends accelerating the sales across various market segments on the basis of (Product), (Test Type), (Technology) and (End User) for the coming decade.
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Advent of Telehealth and Virtual Care to Create Tailwind for the New-Born Screening Equipment Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the New-Born Screening Equipment market.
Key New-Born Screening Equipment Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany New-Born Screening Equipment market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- New-Born Screening Equipment Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the New-Born Screening Equipment market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- New-Born Screening Equipment Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the New-Born Screening Equipment market. As per the survey, New-Born Screening Equipment sales will project steady growth over the forecast period.
- New-Born Screening Equipment Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the New-Born Screening Equipment market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- New-Born Screening Equipment Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global New-Born Screening Equipment market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global New-Born Screening Equipment market.
Some of the prominent market players are profiled by FMI are:
- Gilent Technologies
- Bio-Rad Laboratories
- Covidien PLC
- GE Life Sciences
- Masimo Corporation
- Natus Medical Inc.
- PerkinElmer Inc.
- Trivitron Healthcare
- GE Healthcare
- ZenTech S.A
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New-Born Screening Equipment Demand Analysis by Category
By Product:
- Hearing Screening Devices
- Pulse Oximetry
- Mass Spectrometer
- Assay Kits
By Test Type:
- Dry Blood Spot Tests
- Hearing Screening Tests
- Critical Congenital Heart Disease (CCHD) Screening Tests
By Technology:
- Immunoassays & Enzymatic Screening Tests
- Hearing Screening Technologies
- Molecular Assays
- Pulse Oximetry
- Tandem Mass Spectrometry
- Other
By End User:
- Clinical Laboratories
- Hospitals
- Diagnostic Centers
- Others
Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Explore Wide-ranging Coverage of FMI’s Healthcare Landscape:
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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