Asia-Pacific in Non-Invasive Prenatal Testing Market Expected to Witness the Fastest Growth Globally, Forecast to 2020


Posted August 31, 2017 by PSMarketResearch12

Based on test type, the MaterniT21 PLUS segment led the global NIPT market in 2014 with the largest market size.
 
The global NIPT market is growing, due to increasing healthcare expenditure. The average maternal age is increasing in high income countries, due to changing pattern of employment, education and marriage, and increasing cost of raising a child. The increase in average maternal age is resulting in the growth of the global NIPT market. Chromosome syndromes are caused, due to chromosomal abnormalities in the humans, which is leading to genetic cause of miscarriage and congenital birth defects. According to the World Health Organization (WHO), each year approximately 3,000 to 5,000 children are born with chromosome disorder. Thus, with the increase in chromosome syndrome cases, the need for early and advance prenatal screening is increasing, which is resulting in increased demand for NIPT.

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However, certain restraints such as strict regulatory requirements and ethical hurdles are hindering the growth of the market. The increasing awareness about NIPT and improving healthcare facilities in developing countries, such as China and India, are laying significant growth opportunities for NIPT market. The Asia-Pacific market is expected to witness the fastest growth (CAGR 18.1%) globally during the period 2015 – 2020.

The key companies operating in the global NIPT market include Sequenom Inc., BGI, LifeCodexx AG, Quest Diagnostics Incorporated, Hoffmann-La Roche Ltd., Illumina Inc., Berry Genomics Co. Ltd., Laboratory Corporation of America Holdings, and Natera Inc.
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Issued By Kundan Kumar
Website Non Invasive Prenatal Testing Market
Phone 18887787886
Country Canada
Categories Business , Medical , Technology
Tags demand , growth , market share , market size , noninvasive prenatal testing
Last Updated August 31, 2017