The Newborn Metabolic Screening Market To Take A Parabolic Turn With A CAGR Of 9.2%

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Newborn Metabolic Screening Market
Report Id PMRREP31998 Category Life Science
Healthcare
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How Would Global Contribute To The Growth Of The
Newborn Metabolic Screening Market?

• Increasing birth rates across the world are
  expected to drive demand for newborn metabolic
  screening, as the risk of galactosemia, sickle
  cell disease, phenylketonuria, maple syrup urine
  disease, and cystic fibrosis is higher among
  infants. Various countries are implementing
  screening for metabolic diseases in newborns as a
  part of their immunization programs. To remain
  competitive and ensure a robust product pipeline,
  leading companies continue to identify potential
  assets through pilot screening programs, which
  typically have limited resources to see projects
  through the market.
• According to a latest report published by
  Persistence Market Research, the global newborn
  metabolic screening market was valued around US
  247 Mn in 2020, and is expected to witness an
  impressive CAGR of over 9 during the forecast
  period (2020 2030).

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Key Takeaways from Market Study

• Sickle cell disease is expected to contribute
  more than 30 of revenue share to the market.
• By sample, blood testing held the highest market
  share in 2019 due to efficient diagnostic
  results.
• Europe holds a significant share of over 30 in
  the global newborn metabolic screening market.
• Leading manufacturers are focused on
  strengthening their product portfolios and
  regional expansion through collaborations.
• Hospitals are expected to hold significant market
  share, due to high number of screening programs
  being arranged in collaboration with hospitals.
• The COVID-19 outbreak has had a negative impact
  on the market, as short-term lockdowns disturbed
  the production and supply chain of kits.
• The market in the U.S is projected to expand at a
  CAGR of close to 10 through 2030.
• The U.K market has a share of more than 17 in
  Europe, and is expected to progress at a CAGR of
  more than 12 over the next ten years.
• Increasing prevalence of new born metabolic
  diseases and rising adoption of related screening
  program will boost the global market, says an
  analyst of Persistence Market Research.

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