Monday, July 24, 2023

AI in Drug Discovery Market Players, Size, Share, Trends, Opportunities, Growth Analysis and Forecast to 2030

AI in Drug Discovery Market

The growth of the global AI in drug discovery market is driven by various factors such as investments by industry giants into the AI business, increasing number of startups operating in AI spectrum for healthcare including drug discovery, machine learning, and other AI technologies and increased use of AI technology by major pharma companies in the drug discovery.

AI in Drug Discovery Market is expected to hold a value of about USD 8.9 Billion by 2030, and it is projected to register a CAGR of 24.9% from 2022 to 2030.

In addition, the increasing number of cross-industry partnerships for achieving the common goal of improvement in the drug development outcomes is another factor for the growth of the AI in the drug discovery market. Below is the chart representing the number of AI-driven deals each of the Big Biopharma companies have disclosed till March 2019.

Major Key Players:

Players leading the global  AI in Drug Discovery Market Players are Microsoft Corporation, IBM Corporation, Alphabet Inc., Atomwise, Inc., Deep Genomics, Cloud Pharmaceuticals, Inc., Insilico Medicine, BenevolentAI, Exscientia, Cyclica, Bioage, Numerate, Numedii, Inc., Envisagenics, Twoxar, Incorporated, Owkin, Inc., Xtalpi, Inc., Verge Genomics, and Berg LLC, among others. 

Segment Analysis

The report is segmented into seven dynamics;

By Product Type     : Services and Software.

By Molecule Type: Large and Small Molecules.

By Technology         : Machine Learning, Deep Learning, and others.

By Indication           : Immuno-oncology, Neurodegenerative Diseases, Cardiovascular Diseases, Metabolic Diseases, and others.

By Application         : Target Identification, Candidate Screening, De novo Drug Designing, Drug Optimization & Repurposing, Preclinical Testing, and others.

By End-User : Pharmaceutical & Biotechnology Companies, Research Centers and Academic & Government Institutes, Contract Research Organizations, and others.

By Regions                : Americas, Europe, Asia Pacific, and Rest-of-the-World. 

Regional Analysis

The artificial intelligence in medicine market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas region is expected to be the largest market owing to the number of big AI platform developers present in the region, such as Microsoft Azure, TensorFlow, and Google AI. The market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. Increasing demand for AI solutions by the pharmaceutical players such as AbbVie, Genentech, Amgen, and Eli Lilly and Company, among others, is pushing the market growth in the region. The European AI in drug discovery market is the second-largest market, and it has been categorized as Western Europe and Eastern Europe. The Western European market has further been divided as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. High demand for AI platforms and increasing integration into the drug discovery by major players such as Novartis, AstraZeneca, GSK, BI, BMS, and Sanofi, among others, are expected to drive the growth of AI in drug discovery market in the European region.

The AI in drug discovery market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to increasing R&D activities in the region and increasing adoption of the AI technologies by the pharma companies in countries like China and India, the market in Asia-Pacific is expected to grow at a significant rate during the forecast. The AI in drug discovery market in the Middle East & Africa has been divided into the Middle East and Africa.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact us:

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Huntington’s Disease Treatment Market Global Synopsis, Surge, Future Scope, Analysis and Forecast to 2030

Huntington’s Disease Treatment Market

Huntington Disease is a brain disorder that causes uncontrolled movements, emotional problems, and loss of thinking ability. Huntington disease usually appears in a person at a age of 30 or 40. Early symptoms can include irritability, depression, small involuntary movements, poor coordination, and trouble learning new information or making decisions. The individuals suffering from this disorder may have trouble in walking, speaking, and swallowing. People with this disorder also experience decline in thinking and reasoning abilities. Individuals suffering with this huntington disease usually live about 15 to 20 years after signs and symptoms begin.

Huntington’s Disease Treatment Market is expected to reach USD 373.31 Million rise steadily at a CAGR of 19.1% during forecast period of 2022-2030.

Huntington’s disease treatment market is expected to grow in the near future due to rise in incidence of genetic diseases, increasing research and development activities to develop drugs that can be used for treatment of this disorder and developing healthcare sector. Key players in market are making their position in many developing countries due to the FDI policies regulated within the pharmaceuticals industry in such countries with increasing consumer demands towards maintaining aesthetic appearance is also driving the market for global huntington’s disease treatment market.

However, some factors that can hamper the growth of this market are rising side effect associated with drugs, lack of awareness regarding genetic disorder and alternative treatment plan.   

Major Key Players:

Some of the Huntington’s Disease Treatment Market Players are engaged in new launches of drug and devices so as to maintain the strategic collaborations to hold its market position

Some of the key players in the global huntington’s disease treatment market are AmpliPhi Biosciences Corp, Ceregene Inc., Lundbeck, Prana Biotechnology Limited, Cortex Pharmaceuticals Inc., Vertex Pharmaceuticals Incorporated, Auspex Pharmaceuticals, SOM Biotech, GlaxoSmithKline, Siena Biotech, Raptor Pharmaceutical, Pfizer, Palobiofarma, Omeros Ipsen, Valeant Pharmaceuticals International Inc., Alnylam Pharmaceuticals Inc., Teva Pharmaceutical Industries Ltd.

Regional Analysis

America is expected to hold the highest market share for huntington market treatment  and the reason being many market players are engaged in development of new drug product innovation. Whereas increasing awareness of genetic disorders and rising healthcare expenditure by the government and rise in incidence of these genetic disease are some of the factors responsible for growth of market in this region    

Europe is expected to be the second largest market in the globe owing to the increasing aging population, increasing prevalence of huntington’s disease, focus on aesthetic appearance, increasing research base. Whereas rise in susceptible immune compromised patient population is responsible for market growth in this region. 

Asia-Pacific is anticipated to be the fastest growing market owing to the changing lifestyle, increase in population, increasing healthcare expenditure by government are some of the factor responsible for market growth in this region. 

Middle East and Africa is expected to account for the smallest share in the global huntington’s disease treatment market due to underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.

Segment Analysis

Global huntington’s disease treatment market is segmented into drug type, treatment and end-users. On basis of drug type the global huntington disease treatment market is segmented into tetrabenazine, deutetrabenazine, selective serotonin reuptake inhibitor (SSRI), chlorpromazine, haloperidol, risperidone, olanzapine, clozapine another drug type.

Based on treatment the market is further segmented into two types such as symptomatic therapy and disease-modifying therapy.On basis of end-users the market is further segmented into hospital, clinics, retail pharmacies, online pharmacies and others.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Menopause Treatment Market Players, Demand, Growth, Analysis and Forecast to 2032

Menopause Treatment Market

Menopause causes uncomfortable symptoms, such as hot flashes, vaginal dryness, and weight gain and menopause treatments such as hormonal and non-hormonal treatments help to relieve these symptoms. Over the years, major market players in the menopause treatment are focusing on various growth strategies such as product launches, product advancements and expansions to cater to the growing needs for patients seeking treatment for menopause symptoms.

Global Menopause Treatment Market is expected to have a market value of USD 16.3 Billion by 2032 at 6.1% CAGR during the forecast period.

For instance, in April 2019, Otsuka Pharmaceutical launched EQUELLE, a non-prescription, non-hormonal supplement to alleviate the frequency of hot flashes and muscle aches associated with menopause in the US. Such strategies push the demand for branded as well as generic menopausal drugs, thus promising huge growth for the industry.

Major Key Players:

MRFR recognizes the following companies as the  Menopause Treatment Market Players are — Novo Nordisk A/S (Denmark), Pfizer Inc. (US), Allergan (Ireland), Eli Lily and Company (US), Emcure Pharmaceuticals Ltd (India), Novartis AG (Switzerland), Cipla Inc. (India), Teva Pharmaceuticals (Israel), Merck & Co., Inc. (US), Abbott Laboratories (US).

Segment Analysis

The global menopause treatment market is segmented based on treatment and distribution channel.

The global menopause treatment market based on the treatment has been segmented into hormonal treatment and non-hormonal treatment. The hormonal treatment segment is further segmented into estrogen, progesterone, and combination. The non-hormonal treatment is further segmented into anti-depressants and others.

Based on distribution channel, the menopause treatment market is segmented into hospital pharmacies, retail pharmacies, and online stores.

Regional Analysis

The global menopause market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East & Africa.

The Americas has been segmented into North America and Latin America, with the North America market further divided into the US and Canada. The Americas led the market and accounted for the largest share in 2019 owing to the increasing product approvals and high uptake of new technology.  For instance, in July 2017, AMAG Pharmaceuticals, Inc. (US) launched Intrarosa (prasterone) for the treatment of moderate to severe dyspareunia a symptom of vulvar and vaginal atrophy (VVA), due to menopause. Thus, such strategies employed by major players aid in the increased growth rate for the Americas menopause treatment industry.

The European menopause treatment market has been further segmented into Western Europe and Eastern Europe. The Western Europe menopause treatment market has further been classified into Germany, France, the UK, Italy, Spain, and the rest of Western Europe. Europe follows the Americas in the global menopause treatment market. The increasing inclination of companies towards female technology (femtech) is boosting the growth of the menopause treatment market in European countries. Many digital health start-ups have identified this opportunity and are offering B2C digital health tools, such as mobile apps, to guide menopausal women through this phase with lifestyle intervention tips and online telehealth consultations. As a result, the region is expected to show significant growth in the menopause treatment market.

The menopause treatment market in Asia-Pacific has been segmented into China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific. Asia-Pacific is expected to register the highest growth rate over the forecast period from 2020 to 2032. This is owing to the growing penetration of the women’s health sector, increasing awareness about the betterment of the women’s health, and the growing number of educational campaigns related to the benefits of hormone replacement therapy in China, Japan, India, and Australia.

The Middle East & Africa menopause treatment market is segmented Saudi Arabia, the United Arab Emirates (UAE), Oman, Kuwait, Qatar, and the rest of the Middle East & Africa. The negative connotation of menopause has resulted in a negative attitude towards menopause in premenopausal women. However, with the increasing awareness created by private companies, the scenario is expected to change in the next ten years.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact us:

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99 Hudson Street, 5Th Floor,

New York, New York 10013

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Email: sales@marketresearchfuture.com

Cystic Fibrosis Market Players, Opportunities, Size, Share, Trends Analysis and Forecast to 2030

Cystic Fibrosis Market

Cystic fibrosis is a genetic disease that impacts the entire body turning on disability and causing death at an early age in many cases. It is mainly caused by mutations in the gene encoded as cystic fibrosis transmembrane conductance regulator (CFTR) protein. The report further encompasses segmental analysis, studies factors that can have far-reaching impacts, and introduces expert opinions to provide a comprehensive understanding of the market.

The Cystic Fibrosis Market is expected to exhibit at 13.5% CAGR to reach USD 12.9 Billion over the forecast period 2023-2030

Increasing investment in the research and development for better drugs and therapies can take the cystic fibrosis market forward. At the same time, the Cystic Fibrosis Foundation (CFF) is spending in millions to aid the healthcare system. In the U.S., CFF has invested USD 425 million for the drug development of this particular disease which in itself is an affirmative step. As a result, a lot of medicines are now waiting in the pipeline for approval from which patients can benefit.

But among the chief detractors, heavy cost of therapy and medicines can pull back the Cystic Fibrosis Market considerably. The pathophysiology process is also complex which requires a deft hand, and that is lacking. These factors can affect the projected Cystic Fibrosis Market rate.

Major Key Players:

Prominent Cystic Fibrosis Market Players are Vertex Pharmaceuticals, F. Hoffmann-La Roche, AbbVie, Gilead Sciences, Novartis, Genentech, Pharmaxis, Chiesi Farmaceutici, Forest Laboratories, and others. 

Segment Analysis

The global cystic fibrosis market can be segmented by treatment method for a comprehensive understanding. 

Based on the treatment method, the cystic fibrosis market can be segmented into medication, devices, allergan cystic fibrosis and other treatments. Medication segment commands the maximum share. The 76.4% it has as share is assisting the segment in generating substantial revenue. The segment can also record the fastest growth rate by clocking a 14% CAGR during the forecast period.

Regional Analysis

The global cystic fibrosis market is segmented by region into North America, Europe, Asia Pacific, and the Middle East and Africa.

North America is likely to remain the major regional segment of the global cystic fibrosis market over the forecast period due to the growing medical research sector in the region. The strong presence of the CFF in North America as well as the growing interest in cystic fibrosis research in the region are likely to be the major drivers for the cystic fibrosis market in North America over the forecast period. The North America cystic fibrosis market is expected to reach a value of USD 521 million by 2023. Cystic fibrosis is a relatively rare disease, with around 70,000 people estimated to be suffering from it in 2017. The CFF has played a vital role in the development of the global cystic fibrosis market, as before the initiation of the foundation, research into cystic fibrosis was severely lacking. In 2018, the CFF provided USD 100 million to the Infection Research Initiative, along with funding research into other aspects of cystic fibrosis, such as the inflammation and gastrointestinal problems associated with the disease.

Europe is expected to exhibit the fastest growth in the global cystic fibrosis market, growing at a robust 14.1% CAGR over the forecast period. Europe and North America hold comparable shares in the global cystic fibrosis market and are likely to remain the leading regional parties over the forecast period.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact us:

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99 Hudson Street, 5Th Floor,

New York, New York 10013

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Artificial Pancreas Device System Market 2022 Share, Size, Trend, SWOT Analysis and Forecast to 2030

Artificial Pancreas Device System Market

The requirement for safe and effective devices is the main factor impelling the demand for artificial pancreas device systems. Market reports connected with the healthcare industry have been made available by Market Research Future which generates reports on other business verticals that outlines the current market scenarios.

Artificial Pancreas Device System Market is expected to reach USD 341.08 Million at CAGR of 18% during the forecast period of 2022-2030

The prevalence of diseases like diabetes is motivating the growth of the market for artificial pancreas device system. The market draws considerable benefits from the increased investment being directed into the market to improve the product’s efficiency and efficacy. The device systems are a key step towards the treatment of ailments arising from the faulty function of the pancreas. Thus their advantages are crucial to the expansion of the market. The escalated level of innovations being bought about in the products is a direct result of the aptitude of the inventors and skilled professionals in the market. The continually rising expenditure on healthcare is projected to boost the market for artificial pancreas device system. Moreover, the rise in the geriatric population globally is expected to increase possibilities of growth for the market in the upcoming forecast period.

Major Key Players:

The positive trends witnessed in terms of the development of medical devices is spurring the growth of the artificial pancreas device system as well. The current outlook of the market is positive with a surge in the number of market contenders devoting funds to market development and innovations. The presence of strong contenders in the artificial pancreas device system market is expected to increase the impetus for growth in the coming years. The Artificial Pancreas Device System Market Players are Medtronic Plc, Bigfoot Biomedical, Johnson & Johnson, Dexcom Inc., Cellnovo, Tandem Diabetes Care Inc., Pancreum Inc., TypeZero Technologies LLC, Beta Bionics, F. Hoffmann-La Roche Ltd, Inreda Diabetic B.V. and Insulet Corp to name a few.

Segment Analysis

The global market report on the artificial pancreas device system has been segmented by MRFR analysts on the basis of type and end-user. These segments have insights that can impact the global market by influencing various strategy-making policies. 

By type, the report on the global smart pancreas diabetes device system market can be segmented into CTT (Control to Target) Systems and CTR (Control to Range) Systems. These segments are known for their effective handling of various cases across the world. 

By end users, the global report with a detailed study on the artificial pancreas device system market can be segmented into hospitals and medical centers. Various hospitals are going to contribute substantially to the infrastructure in these spaces can easily handle the complications of the procedures. Also, better investment in the healthcare sector can prove beneficial for the easy incorporation of artificial pancreas device system market. 

Regional Analysis

North America is a region that provides ample scope to regional players in terms of infrastructure and investment. The region provides easy inclusion procedures for various top-class technologies. This, along with superior infrastructure, is set to provide thrust to the market. Hike in investment from both governments and private players are expected to create a path for better research and development scope. In Europe, similar trends would drive markets in Italy, the UK, France, Germany, Spain, and others. Better research facilities are expected to trigger a revenue generation procedure.

The Asia Pacific region is a space that offers residence to a vast number of people. Global players are targeting these people as their potential customers and are trying to expand their business in this region. China, India, and South Korea, with their revamping healthcare sector, are boosting these opportunities. These regions would fetch revenue from various types of artificial pancreas treatment.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact us:

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Liquid Handling System Market Global Demand, Opportunities, Top Key Players and Forecast to 2030

Liquid Handling System Market

Liquid handling system simply out is an effective laboratory instrument system that comprises of equipment and tools designed for mixing, combining liquid samples and sampling. It is widely used in laboratories as it helps in reducing the time needed to perform laboratory tasks along with increasing the accuracy and work efficiency. Liquid handling systems are available in various forms ranging from liquid handling workstations that is robotic assisted and integrated with the cloud-based software to simple volumetric pipettes that are used for transferring volumes of liquids that is desired in different life science experiments. It has wide application including protein crystallization, next-generation gene sequencing, microarray spotting, genomic extraction, medicine and chemical manufacturing, cell-based assays, serial dilution, biological preparation as well as handling.

Liquid handling system market is expected to register a CAGR of 6.4% with USD 54.2 billion by 2030.

There are several factors that is driving the growth of the liquid handling system market. These factors according to the MRFR (Market Research Future) report include global expansion of pharmaceutical and biotechnology industries, rising focus on accuracy and data precision, increasing need for HTS (high-throughput screening), technological innovations, increasing investments in drug development, increasing need for high-output screening, increasing adoption of automation especially in clinical settings and increasing expenditure on R&D activities. On the contrary, factors such as complex operability and high cost of set-up may restrict the growth of the liquid handling system market.

Major Key Players:

The Liquid Handling System Market Players are Perkinelmer, Inc., Mettler-Toledo International Inc., Hamilton Company, Sartorius AG, Corning Incorporated, Bio-Rad Laboratories, Tecan Group Ltd., Eppendorf AG, Thermo Fisher Scientific, Inc., Danaher Corporation, and Agilent Technologies.

Segment Analysis

Market Research Future report offers an all-inclusive segmental analysis of the on liquid handling system market the basis of type, application, end-user and product.

Based on type, it is segmented into electronic, automated and manual liquid handling system. Of these, electronic liquid handling system will have the maximum share in the market due to reproducibility and high accuracy that it offers.

Based on application, the liquid handling system market is segmented into proteomics, clinical diagnostics, genomics, small molecule drug discovery and others. Drug discovery is further segmented into compound weighing & dissolution, high throughput screening (HTS), ADME screening and others. Genomics is again segmented into RNA/DNA purification, polymerase chain reaction (PCR), next-generation sequencing (NGS), genotyping and others. Clinical diagnostics is further segmented into ELISA, sample preparation and others.

Based on end-user, it is segmented into contract research organization (CRO), pharmaceutical and biotechnology companies and others.

Based on product, the liquid handling system market is segmented into software, burettes, liquid handling workstations, microplate reagent dispensers, consumables, pipettes and others. Pipettes are again segmented into semi-automated pipettes, electronic pipettes and manual pipettes. Consumables are also further segmented into reagent containers, tubes and plates, disposable tips and others.

Regional Analysis

Based on region, the liquid handling system market covers growth opportunities and latest trends across Americas, Europe, Asia Pacific and Middle East and Africa. Of these, Americas will rule the liquid handling system market over the assessment period due to the existence of healthcare sector that is well-established, high adoption rate of technological advancements and increasing healthcare expenditures. The liquid handling system market in Europe will grab the second position due to the biopharmaceutical sector that is constantly growing coupled with increasing research and development activities. In the Asia Pacific region, the liquid handling system market will be the fastest growing owing to the enhancing life-science research scenario, increasing investments made by the government in biotechnology & pharmaceutical sector and rising development in healthcare sector. On the other hand, the liquid handling system market in the Middle East and Africa will have the lowest share over the assessment period.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact us:

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New-Born Screening Market 2022 Global Industry - Key Players, Size, Share, Trends, Opportunities, Growth Analysis and Forecast to 2030

New-Born Screening Market

Newborn screening is the practice of testing every newborn for some harmful or possibly fatal disorders that are not otherwise obvious at birth. New-born screening involves the use of various devices for the screening procedure. Diseases such as phenylketonuria, congenital hypothyroidism, galactosemia, sickle cell disease, cystic fibrosis, tyrosinemia, and other such disorders can be screened using new-born screening devices. The rising prevalence of neonatal conditions and government support along with new-born screening programs have led to the growth of the new-born screening market in recent years. Additionally, increasing neonatal population and technological advancements are likely to contribute to the growth of the market over the assessment period.

The new-born screening market is projected to reach USD 876.61 Million by 2030 at 8.20% CAGR during the forecast period 2022-2030

The key factors driving the market growth are increasing spending by government organizations on healthcare, rising prevalence of diseases in new-born children, and increasing neonatal population. However, factors such as the unreliability of new-born screening tests and lack of proper healthcare infrastructure and trained professionals may hamper the market growth

Major Key Players:

MRFR recognizes the New-Born Screening Market Players are —SCIEX (US), PerkinElmer Inc. (US), WATERS (US), Natus Medical Incorporated (US), Masimo Corporation (US), Agilent Technologies Inc. (US), Bio-Rad Laboratories, Inc. (US), Medtronic (Ireland), GENERAL ELECTRIC (Boston), Trivitron Healthcare (India), and ZenTech SA (Belgium)

Segment Analysis

The global new-born screening market is segmented into product, technology, test type, and end-user

The global new-born screening market by-products has been bifurcated into instruments and reagents and assay kits.  By technology, the new-born screening market has been divided into newborn metabolic screening, DNA assays, electrophoresis, pulse oximetry, immunoassays, and enzymatic assays, and hearing screening technology. Based on the test type, it has been segregated into dry blood spot tests, critical congenital heart disease (CCHD) tests, urine tests, and hearing screening tests. The global new-born screening market, by end-user, has been classified as hospitals, maternity and specialty clinics, diagnostic centers, and others.

Regional Analysis

The global new-born screening market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

The Americas are anticipated to hold a significant share in the global new-born screening market. According to data published by the Centers for Disease Control and Prevention (CDC) in November 2018, congenital heart defects (CHD) affect approximately 1% or about 40,000 births per year in the US. Also, increasing awareness and rising demand for new-born screening are expected to drive market growth.

The new-born screening market in Europe is expected to propel owing to factors such as the rising prevalence of neonatal disorders and raising awareness about these disorders and their screening programs. According to a report published by the European Medicines Agency in May 2015, 1 in 10,000 babies born in the European Union was affected by perinatal asphyxia (a neonatal disorder wherein babies are born without enough oxygen in the blood). Also, technological advancements in the industry and government support in terms of National Health Service and health insurance are expected to drive market growth.

Asia-Pacific is anticipated to be the fastest-growing region in the global new-born screening market owing to the rising neonatal population, increasing mortality rate of neonates, and improving healthcare infrastructure. According to data published by the United Nation’s International Children’s Emergency Fund (UNICEF), the rate of neonatal mortality in India was 24% in 2017. According to a report published by the National Center for Biotechnology Information (NCBI) in December 2016, approximately 0.75 million neonates die in India every year. The neonatal mortality rate (NMR) for India is the highest for any country in the world. Also, the rising prevalence of neonatal disorders in developing countries and government support is fueling the growth in the market.

The new-born screening market in the Middle East & Africa is expected to significantly grow owing to the developing healthcare infrastructure and government support. The American Society of Hematology (ASH), led a campaign to fight the sickle cell disease in Africa in June 2018. It also urged the governments, particularly in Sub-Saharan Africa, to invest in new-born screening of the disease. Additionally, raising awareness of newborn screening is fueling the growth in the market.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 646 845 9312

Email: sales@marketresearchfuture.com

Artificial Insemination Market Players, Share, Size, Trend, SWOT Analysis and Forecast to 2030

Artificial Insemination Market The artificial Insemination market   is expected to reach USD 8.9 billion by 2030 at CAGR of 8.6% during t...