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Posted by Jack Miller on November 16, 2024 at 3:30am 0 Comments 0 Likes
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The global Non Invasive Prenatal Testing Market size is expected to reach USD 8.16 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.06% from 2024 to 2030. Increasing incidence of chromosomal abnormalities is expected to accelerate market growth. Of all the countries, there is a substantial opportunity in China for non invasive prenatal screening, with nearly 14.65 million annual births and increasing number of high-risk pregnancies.
In addition, India has a heavy burden of genetic diseases. Various studies suggested that chromosomal abnormalities are found with a frequency of 1 in 166 newborns in the country, while trisomy 21 (Down syndrome) has a high incidence rate of 1 in 800 births, resulting in the birth of 32,000 newborns with Down syndrome every year. Families can benefit from accurate and early screening using NIPT to know about their baby's genetic issue. Thus, this high incidence rate is anticipated to boost the demand for prenatal tests.
With lockdowns due to COVID-19, NIPT gained attention because it delivers high accuracy screening with minimum risk of infection compared to invasive procedures like chorionic villus sampling and amniocentesis, both of which may necessitate hospitalization and put patients and medical professionals at risk of contracting COVID-19 infection. Moreover, there was increased demand for prescription of NIPTs; however, it was limited to a smaller number of eligible people due to the lack of infrastructure and adoption of telemedicine facilities in most countries.
The reimbursement scenario pertaining to non invasive prenatal testing is highly variable. However, the support from the government and favorable insurance policies boost market growth. For instance, in the Netherlands, prenatal testing expenses are fully reimbursed in the second trimester, leading to increased adoption of these tests. Increase in government initiatives to encourage the bio- and pharmaceutical industry in emerging economies such as India and China is anticipated to boost the demand for noninvasive prenatal testing solutions and services.
Key players in the market are focusing on new product development to strengthen their product portfolios and offer innovative products to customers. In March 2020, Agilent Technologies launched three new microarrays to support prenatal and postnatal research by cytogenetic laboratories. The probes on the cyto microarrays offer high-resolution detection of copy number variation and copy-neutral loss of heterozygosity related to neuropsychiatric disorders, developmental delay, intellectual disability, and congenital anomalies in constitutional DNA samples.
Related Press Release@ Non Invasive Prenatal Testing Market Report
List of Key Players of Non Invasive Prenatal Testing Market
Non Invasive Prenatal Testing Market Report Highlights
Report Attribute |
Details |
Market size value in 2024 |
USD 4.59 billion |
Revenue forecast in 2030 |
USD 8.16 billion |
Growth rate |
CAGR of 10.06% from 2024 to 2030 |
Base year for estimation |
2023 |
Historical data |
2018 - 2022 |
Forecast period |
2024 - 2030 |
Request A Free Consultation@ https://www.grandviewresearch.com/request-free-consultation/1840/rfc
Non Invasive Prenatal Testing Market Segmentation
Grand View Research has segmented the global non invasive prenatal testing market report based on gestation period, pregnancy risk, method, technology, product, application, end-use, and region
Non Invasive Prenatal Testing Gestation Period Outlook (Revenue, USD Million, 2018 - 2030)
Non Invasive Prenatal Testing Pregnancy Risk Outlook (Revenue, USD Million, 2018 - 2030)
Non Invasive Prenatal Testing Method Outlook (Revenue, USD Million, 2018 - 2030)
Non Invasive Prenatal Testing Technology Outlook (Revenue, USD Million, 2018 - 2030)
Product Outlook (Revenue, USD Million, 2018 - 2030)
Non Invasive Prenatal Testing Application Outlook (Revenue, USD Million, 2018 - 2030)
Non Invasive Prenatal Testing End-use Outlook (Revenue, USD Million, 2018 - 2030)
Non Invasive Prenatal Testing Regional Outlook (Revenue, USD Million, 2018 - 2030)
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