The preterm birth and Prelabor Rupture of Membranes (PROM) testing market reached USD 1.69 Billion in 2022 and is anticipated to experience a rapid revenue Compound Annual Growth Rate (CAGR) of 2.8% throughout the forecast period. The driving forces behind this growth include the increasing rates of preterm birth, a growing demand for non-invasive testing techniques, and advancements in prenatal testing technology. Preterm birth, responsible for more than 35% of global newborn fatalities, stands as a significant contributor to infant mortality and morbidity, making the Preterm Birth and PROM Testing market crucial in identifying and addressing this issue.
As preterm birth rates continue to rise, there is a parallel increase in the popularity of Preterm Birth and PROM Testing as a non-invasive prenatal test to identify PROM in pregnant women. Additionally, the escalating demand for non-invasive prenatal testing techniques is a key factor fueling market revenue growth. Non-Invasive Prenatal Testing (NIPT), a type of prenatal testing that detects chromosomal abnormalities and genetic disorders in the developing fetus using cell-free Deoxyribonucleic Acid (cfDNA) from the mother’s blood, is gaining prominence. Pregnant women are increasingly opting for NIPT due to its safety profile and the absence of the risk of miscarriage associated with invasive testing methods like amniocentesis.
Moreover, increasing usage of cutting-edge prenatal testing technology is another factor driving market revenue growth. New and better prenatal testing techniques, such as cfDNA testing and Next-Generation Sequencing (NGS) technologies, have been created as a result of technological developments in prenatal testing. Prenatal testing is now much more accurate and reliable because of these developments, which has increased use of these technologies in the healthcare sector.
Furthermore, rising demand for Preterm Birth and PROM Testing across a number of end-use industries, including hospitals, diagnostic labs, and research institutes is also driving revenue growth of the market. For example, Mayo Clinic and Natera, a top provider of genetic testing and diagnostics, established a cooperation to create and market novel non-invasive prenatal tests for early diagnosis of preterm delivery and other pregnancy-related issues in 2020.
Strategic Developments:
- On 3 March 2021, Cooper Surgical, Inc. acquired prenatal and perinatal products division of Safe Obstetric Systems, a Medical Device company. This acquisition aims to expand Cooper Surgical’s product portfolio in the obstetrics and gynecology market.
Key Players covered in this report are
- Abbott Laboratories
- Alere Inc.
- Becton, Dickinson and Company
- F. Hoffmann-La Roche AG
- Laboratory Corporation of America Holdings (LabCorp)
- Quest Diagnostics
- Sera Prognostics, Inc.
- Cooper Surgical, Inc.
- Quidel Corporation
- NanoEntek
Segments Covered in Report:
| By Product Type Outlook |
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| By Test Type Outlook |
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| By Gestational Age Outlook |
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| By End Use Outlook |
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of Preterm Birth and Prelabor Rupture Of Membranes (PROM) Testing industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Preterm Birth and Prelabor Rupture Of Membranes (PROM) Testing manufacturers and provides valuable insight into the market for companies and individuals.
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