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Tandem Mass Spectrometry and Emerging Economies in Asia (Japan, China, Singapore, and India) Are the New Revenue Pockets for the Newborn Screening Market
Newborn screening market is witnessing significant growth across the globe, due to factors such as benefits offered by newborn screening programs, legislations and mandates, technological advancements, government support, and expanding panel of newborn diseases. Furthermore, various awareness programs and conferences are being organized across the globe, which help in increasing awareness regarding newborn screening. Genetic disorder screening, next-generation sequencing, and digital microfluidics have opened a wide array of opportunities in the newborn screening market. Therefore, companies are focusing on partnerships, collaborations, new product launches, and acquisitions to attain leading positions in the market.
The newborn screening market includes newborn disorder screening instruments, hearing screening instruments, pulse oximetry, tandem mass spectrometry, electrophoresis, DNA-based assays, and microarray technologies. The tandem mass spectrometry technology showcases a lucrative growth potential and represents the new revenue pockets. High growth in these markets can be attributed to technological advancements, cost effectiveness, and time-effectives offered by this technology.
In the coming five years, the growth rate of newborn screening is likely to be focused on the Asian region. The growth is likely to be driven by various government schemes for initiating newborn screening programs in the Asian countries and collaborations between the governments of different Asian countries and leading players for enhancing the newborn screening program.
NewBorn Screening Market by Test Type (Dried Blood Spot, Hearing Screening, CCHD), Technology (Tandem Mass Spectrometry, Immunoassay, Enzyme Assay, Electrophoresis, Pulse Oximeter), Instrument, Accessories, Reagent & Assay Kit – Global Forecast to 2019
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