Non-Invasive Prenatal Testing (NIPT) Market to Witness high growth by 2027|UnivDatos Market Insights

A comprehensive overview of the Non-Invasive Prenatal Testing (NIPT) Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Automated Parking System Market. The report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the Non-Invasive Prenatal Testing (NIPT) Market at the regional levels. The Non-Invasive Prenatal Testing (NIPT) Market is expected to grow at a CAGR of ~14% between 2021-2027.

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Market Overview

Non-invasive prenatal testing (NIPT) is a technique for determining the likelihood of a fetus being born with certain genetic abnormalities. It examines small fragments of DNA that circulate in the blood of a pregnant woman. Over the last 30 years, the proportion of women conceiving at or after the age of 35 has increased significantly. This demographic shift has significant implications for women planning a pregnancy, and it may also result in a number of chromosomal abnormalities. As the percentage of pregnancies in older women has increased, so has the demand for prenatal genetic counselling, which helps predict the risk of fetal chromosomal abnormalities based on age, fueling growth in the non-invasive prenatal testing market. On?comparisons with traditional screening, NIPT has been shown to be a very accurate screening test with high sensitivity and specificity. As a result, non-invasive prenatal testing is the most commonly used method for detecting common chromosomal aneuploidies with varying degrees of accuracy..

COVID-19 Impact

The ongoing COVID-19 pandemic across the world have had a tremendous impact on different spectra of society, the market for Non-Invasive Prenatal Testing (NIPT) no less. Returning to some likeness of normalcy depends on continued safety measures, effective diagnostic testing, and widespread vaccination. COVID-19 has caused widely-documented supply chain and logistics disruptions across industries, including those in the Non-Invasive Prenatal Testing (NIPT) industry, which have been exacerbated during the latter portion of fiscal 2021. However, as stay at home restrictions were lifted in many parts of the world by 2nd-3rd quarter of 2020, the major industry players across North America and Asia Pacific saw an increase in demand for many of its Non-Invasive Prenatal Testing (NIPT) products later during fiscal 2020 owing to the resumption in production capacity. As a result, Non-Invasive Prenatal Testing (NIPT) industry experienced strong demand in the latter half of fiscal 2020.

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Non-Invasive Prenatal Testing (NIPT) Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Product, the market is primarily bifurcated into:

·???????Instruments

·???????Consumables

Based on the product, the market bifurcates into instruments and consumables. Of both, consumables captures the largest share of the Non-Invasive Prenatal Testing (NIPT) Market . The consumables segment is further segmented into assay kits & reagents and disposables. Assay kits & reagents includes ultrasound transmission gel, cleaning solution etc. The disposables comprises of swipes, cottons, hand gloves, etc. The high demand for consumables attributes to market participants introducing new test kits and the increasing number of lab-based tests performed globally. Furthermore, one of the major factors driving and fueling demand for reagents and consumables is the increasing number of research and development activities for screening genetic disorders. Technological advancements in instruments, as well as increased collaboration among players, are other crucial factors proliferating the global adoption of consumables for the detection of abnormalities during pregnancy.

By End-User, the market is primarily studied into:

·???????Hospitals & Clinics

·???????Diagnostic Laboratories

·???????Others

Based on End-User, the market segments into Hospitals & Clinics, Diagnostic Laboratories, and Others. Diagnostic laboratories are the testing facilities where the NIPT test is performed. The labs offer a variety of NIPT testing services based on the needs of the patients. Because of the large number of diagnostic labs/centers that provide NIPT testing products and services, diagnostic laboratories accounts for the largest share of the non-invasive prenatal testing market.

Furthermore, hospitals play a critical role in prenatal testing. It offers in-house testing to in-house patients. It aids in the prompt testing of pregnant patients, resulting in more accurate treatments based on the diagnoses.?Therefore, hospitals & clinics are projected to grow substantially during the forecast period.

Non-Invasive Prenatal Testing (NIPT) Market Region Segmentation Includes:

·???????North America

·???????Europe

·???????Asia-Pacific

·???????Rest of World

Based on the estimation, Geographically, North America leads the market in 2021. The increasing adoption of non-invasive prenatal testing in North America is attributed to the surge in the preterm birth rate, rising maternal mortality rate, and increasing prevalence of chromosomal abnormalities. Moreover, the strong geographical foothold of players in the north American countries offering advanced tests has been crucial factor in the driving the adoption of these tests in the U.S. and Canada.

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The major players targeting the market includes:

·???????Illumina, Inc.

·???????Yourgene Health

·???????Natera?

·???????F. Hoffmann-La Roche Ltd

·???????PerkinElmer Inc.

·???????Laboratory Corporation of America

·???????Eurofins LifeCodexx GmbH

·???????Centogene N.V.

·???????Quest Diagnostics Incorporated

·???????Agilent Technologies, Inc

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the global context. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Non-Invasive Prenatal Testing (NIPT) Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

·???????What are the latest trends, new patterns, and advancements in the Non-Invasive Prenatal Testing (NIPT) Market?

·???????Which factors are influencing the Non-Invasive Prenatal Testing (NIPT) Market over the forecast period?

·???????What are the challenges, threats, and risks in the Non-Invasive Prenatal Testing (NIPT) Market?

·???????Which factors are propelling and restraining the Non-Invasive Prenatal Testing (NIPT) Market?

·???????What are the demanding regions of the Non-Invasive Prenatal Testing (NIPT) globally?

·???????What will be the market size in the upcoming years?

·???????What are the crucial market acquisition strategies and policies applied by the companies?

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