The increased chance of chromosome defects with increased maternal age and the growing awareness in developing countries of prenatal testing is driving the demand for the market.
The global Prenatal Testing Market is forecasted to be worth USD 8.08 Billion by 2027, according to a current analysis by Emergen Research. Over the forecasted period, the global Prenatal Testing market is anticipated to grow rapidly due to the growing chance of chromosome defects with rising maternal age. Per year about 10.0% to 15.0% of clinically reported pregnancies end in miscarriage, and chromosome defects are found in around 50.0 %. In addition, increasing awareness of the advantages of enhanced testing procedures is expected to stimulate market growth during the forecasted period.
The global Prenatal Testing market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.
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Over the forecasted timeframe, the ultrasound segment is expected to hold the largest market with a CAGR of 13.2%. Ultrasound prenatal testing is a more secure and pain-free procedure that uses sound waves to generate images that show the infant’s condition and position. The largest market will be held by the non-invasive segment during the forecasted timeframe. The benefit of non-invasive testing is lessened pain, shorter clinical stays, low chance of infection, quick healing, and limited blood loss.
The global Prenatal Testing market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Key participants include Quest Diagnostics, GeneDx, Inc., Natera, Inc., Illumina, Inc., Ravgen Inc., Prenatal Paternities Inc., Ariosa Diagnostics, Inc., Eurofins NTD Inc., Counsyl, Inc., and LabCorp, among others.
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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types. To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Sensor Fusion industry. The pandemic began in late 2019 and hit the world in early 2020, disrupting the normal lives and affecting every segment of the world. The report covers the impact of the pandemic on the Sensor Fusion market and its key segment.
- Method Outlook (Revenue, USD Billion; 2017-2027)
- Blood or Saliva
- Chorionic villus sampling
- Percutaneous umbilical blood sampling
- Test Type Outlook (Revenue, USD Billion; 2017-2027)
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Microdeletions Symptoms
- End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Specialty Clinics
- Diagnostic Centers
The Prenatal Testing market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
Geographical Prenatal Testing Market:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, France, the U.K, Russia, and Italy)
- Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
- Latin America (Brazil, Argentina, Colombia, etc.)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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Global Sensor Fusion Market Report – Table of Contents:
- Report Overview
- 1 Research Scope
- 2 Key Sensor Fusion market segments
- 3 Target players
- 4 Market analysis by type
- 5 Market analysis by application
- 6 Key learning objectives
- 7 Report timeline
- Global Growth Trends
- 1 Global Sensor Fusion market size
- 2 Latest trends of the Sensor Fusion market by region
- 3 Key corporate trends
- Global Sensor Fusion Market share by key players
- 1 Global Sensor Fusion Market size by manufacturers
- 2 Global Sensor Fusion Market key players
- 3 Products/solutions/services of major players
- 4 New entrants in the Sensor Fusion market
- 5 Mergers, acquisitions, joint ventures, and expansion plans
- Global Sensor Fusion Market by product type
- 1 Global Sensor Fusion Sales by Product
- 2 Global Sensor Fusion by Product Revenue
Conclusion Of the Report:
To conclude everything stated above, the report offers a panoramic view of the Prenatal Testing market in both the global and regional markets, supported by key statistical data and industry-verified facts. It offers a thorough examination of the size, share, and market volume of the Prenatal Testing industry to forecast the same evaluations until 2027. It also studies and analyzes the different growth prospects and opportunities, along with threats that the players might face in the Global Prenatal Testing Market.
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