Newborn Screening Market

PerkinElmer (US) and Deant A/S (Denmark) are the Leading Player in the Newborn Screening Market

The global newborn screening market size is projected to reach USD 1.3 billion by 2026 from USD 0.9 billion in 2021, at a CAGR of 8.3% during the forecast period. Market growth is driven mainly by the increasing prevalence of newborn diseases, government newborn screening prograsms and legislations, and availability of insurnace for newborn screening. However, the availability of refurbhieshed product is expected to hamper the sales of newborn screening market to a certain extents. On the other hand, emerging economies provides lucrative opportunites to the players operating in the newborn screening market.

The newborn screening market is highly consolidated in nature, with a few players offering a variety of products. The major players operating in this market are PerkinElmer (US), Deant A/S (Denmark), Natus Medical (US), Danaher Corporation (US), Masimo (US), Medtronic, Plc (Ireland). Other companies include Bio-Rad Laboratories (US), Trivitron Healthcare (India), Baebies, Inc (US), and Intelligent Hearing Systems Corp (US).

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PerkinElmer is the leading player in the newborn screening market. The company offers a wide range of instruments and consumables for screening newborns. In the last three years, the company has been focusing on organic and inorganic strategies to maintain its leading position in the newborn screening market. The company has a strong presence in the Americas; in 2019, it registered ~39% of its total revenue from the Americas alone.

Demant is the second-leading player in the newborn screening market and a leading player in the newborn hearing screening segment. The company offers a wide range of newborn hearing screening instruments. With a strong footprint across North America and Europe and subsidiaries and distribution channels, the company has maintained a leading position in the hearing screening segment. It generated ~42% of its total revenue from North America in 2019.

Related Reports:

Newborn Screening Market by Product (Instrument, Consumables), Test Type (Dried Blood Spot, Hearing Screening, CCHD),Technology (Tandem Mass Spectrometry, Immunoassay, Enzyme Assay, Molecular, Pulse Oximetry),End User (Hospitals) - Global Forecast to 2026

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Report Code
MD 2549
RI Published ON
2/26/2021
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