Global Non-Invasive Prenatal Testing (NIPT) Market Growth Trends, Key Players, Competitive Strategies and Forecasts 2020 – Acute Market Reports
The global non-invasive prenatal testing market is growing significantly due to escalating screening of pregnant women with high risk of fetal chromosomal aneuploidies, such as Patau syndrome (trisomy13), Down syndrome (trisomy 21), Turner Syndrome (monosomy x), and Edwards syndrome (trisomy 18). According to Center for Disease Control and Prevention in 2011, in the U.S., one in 691 live births is diagnosed with Down syndrome. Increasing healthcare expenditure, improving testing technology to increase accuracy and reduce duration of result generation, and shifting inclination towards child bearing at later maternal age are expected to support the growth of the market in the forecasted period.
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Massive unexplored market in non-invasive prenatal testing industry of developing economies is creating ample opportunities for the non-invasive prenatal testing market to grow at a considerable rate during the forecasted period. The advanced research and development facilities, and innovative test developments by the companies are propelling the growth of the non-invasive prenatal testing industry. Non-invasive prenatal testing is preferred by gynecologists and expected mothers as it is accurate, non-invasive and safe compared to invasive tests, such as chorionic villus sampling, nuchal translucency and aminocentesis. Non-invasive methods can detect chromosomal abnormalities in fetuses as early as nine to ten weeks of gestation.
On the basis of tests, the market can be categorized as Bambni test, VisibiliT test, verifi test, PrenaTest, Panorama test, informaSeq prenatal test, MaterniT21 PLUS, Harmony prenatal test, NIFTY and others. MarterniT21 PLUS leads the market in terms of revenue and volume; however, its share would decrease significantly in the forecasted period due to introduction of other non-invasive prenatal tests.
Some of the factors driving the growth of non-invasive prenatal testing market are increasing incidence rate of babies born with Down syndrome, increasing average maternal rate, technological advancement to detect signal gene disorders, no risk of miscarriage with non-invasive prenatal testing, and increasing demand for early and non-invasive fetal testing procedure. In addition, increasing healthcare expenditure and increasing awareness of non-invasive prenatal testing are also expected to fuel the growth of the market in the forecasted period. However, availability of alternate prenatal tests and procedures, limitations of non-invasive prenatal testing, ethical issues and strict regulatory requirements are some of the factors restraining the growth of the global non-invasive prenatal testing market to some extent. Further, lack of skilled professionals and lack of infrastructure are also hindering the growth of non-invasive prenatal testing market in developing economies.
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Geographically, North America will be leading the global non-invasive prenatal testing market in the coming years due to penetrating awareness level for non-invasive prenatal testing and high healthcare expenditure. Asia-Pacific is the fastest growing region in the global non-invasive prenatal testing market. The major reasons for the fastest growth of non-invasive prenatal testing market in the region are mounting healthcare expenditure, large women population preferring late pregnancy, and increasing acceptance of these tests in the region. Moreover, the non-invasive prenatal testing market is growing due to increasing awareness of prenatal testing in the emerging countries, such as India and China.
Some of the companies operating in the global non-invasive prenatal testing market are Laboratory Corporation of America Holdings (LapCorp), Ariosa Diagnostics Inc, Sequenom Inc., LifeCodexx AG, BGI Diagnostics, Berry Genomics Co. Ltd., Natera Inc., and Illumina Inc.
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