3 Significant Trends Propelling Growth of the NIPT Market Globally

Recently, a few health insurers covered noninvasive parental test that draws blood from a pregnant woman to analyze fetal DNA unless the pregnancy was considered high risk. Moreover, Ilumina recently launched of the VeriSeq NIPT Solutions, which is a CE-IVD marked library prep and analysis software that enables laboratories in the European Union in order to bring highly accurate and efficient NIPT in-house. In addition, developing technology such as next generation massively parallel sequencing has incentivized vendors for relatively better results and developing more sensitive tests. Such factors are likely to contribute towards growth of the global non-invasive prenatal testing market over the coming years.

The global non-invasive prenatal testing market is expected to witness a growth of 10.2% CAGR over the forecast period, 2016-2024. Hospitals among other end users will remain the major end users of noninvasive prenatal testing in the coming years. The panel 1 noninvasive prenatal testing is likely to rise in terms of revenue over the coming years.

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Various trends propelling growth of the global non-invasive prenatal market include,

  1. Increasing Mergers and Acquisitions:

Ilumina recently launched VeriSeq NIPT Solutions, which is an analysis software and a CE-IVD marked library prep that enables laboratories in the European Union to be efficient NIPT in-house and highly accurate. Moreover, health insurers covered noninvasive parental test that draws blood from a pregnant woman in order to analyze fetal DNA, unless the pregnancy was considered high risk.

Leading market players operating in the global non-invasive prenatal testing market are increasingly introducing innovative tests in order to differentiate from one another in the competitive market. Moreover, various laboratories and agreements have signed various distribution agreements with test providers in order to offer advanced services and products to patients. Such agreements are likely to create a positive impact on the test segment in the global non-invasive prenatal testing market in the coming years.

  1. Growing Prevalence of Various Disorders:

Due to growing prevalence of ADHD disorders among young adults is likely to fuel adoption of non-invasive prenatal testing. Moreover, majority of the youngsters are increasingly being introduced to generic medications. In addition, increasing need for protecting the health of babies through prenatal disease detection methods are further fuelling growth of the global non-invasive prenatal testing market over the coming years.

Non-invasive prenatal testing procedures are witnessing increasing adoption in various hospitals and other health-related institutions. Moreover, obstetricians are increasingly recommending patients to undergo tests that are non-invasive as an alternative to invasive methods for initial diagnostic screening in the trimester of pregnancy. Hospitals among other end users are likely to witness a growth of 11% CAGR in terms of revenue over the coming years.

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  1. Regional Analysis:

North America among other regions will account for an average of 60% of the global nonintrusive prenatal testing market over the coming years. Moreover, Asia Pacific non-invasive prenatal testing market is likely to witness an increment of US$ 18 Mn in 2017 over 2016. The non-invasive prenatal testing market revenues will witness a growth of 10% CAGR in the coming years.

Overall, with the increasing mergers and acquisitions non-invasive prenatal testing market is likely to witness upsurge in demand over the coming years. Moreover, growing prevalence of disorders in various countries is further likely to contribute towards growth of the global market in the coming years.

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