Non-Invasive Prenatal Testing Market Market Size, Share & Industry Trends, Growth Analysis Report By Product Type, By Application and Forecast 2020 - 2025
Description | Table of Content | List of Tables | List of Figures |
Non-Invasive Prenatal Testing Market is expected to reach USD 7.27 Billion by 2025 from USD 3.24 Billion in 2019, at a CAGR of 12.87% from 2020 to 2025.
The growth of the market is credited with the advancement in the NIPT sector, improved shifts from invasive methods to non-invasive methods, and growing maternal age which is most aligned with the risk of chromosomal abnormalities in babies. Additionally, the development of advanced and new technologies and non-invasive prenatal testing products are also fueling the growth of the market. NIPT has a much higher detection rate than the older traditional screens while being far less likely to raise a false alarm (a false positive).
Further, the Non-Invasive Prenatal Testing market is rising due to emerging healthcare infrastructure, increasing consciousness programs & consultations, and rising focus of prominent players on expanding their presence in the North America region are driving market growth in the region.
Increased government spending on healthcare is likely to improve health care infrastructure, leading to better access. Improved literacy levels, with already high penetration of mobile devices and the internet, will bring better public awareness. This will change consumer expectations and, as a consequence, companies will have to ensure more holistic offerings
Key companies profiled in the report are Actus Digital, Brand24 Global Inc., BurrellesLuce, CARMA International, Inc., Cision Ltd., Agility PR Solutions LLC, Keyhole, ISENTIA, Meltwater, Mention, NFB Consulting LLC., Review Inc, Socialbakers, Sprout Social, Inc., Synthesio, Inc.