The increased incidence of newborn metabolic, hormonal, and genetic disorders, as well as favourable government policies, are driving the growth of newborn screening.
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Pulse oximetry is expected to dominate the market due to the widespread use of this device in the medical industry as it is used regularly to diagnose disorders in newborn babies.
Furthermore, healthcare providers' decision-making is hampered by a shortage of evidence on the long-term effects of new diseases and a scarcity of follow-up information for screened conditions. As a result, in the newborn screening industry, there is a need to standardise valuation techniques for paediatric health states.
The global newborn screening market has reached its maximum potential and is steadily expanding in scale. The number of newborn babies is growing every day, necessitating massive growth in the newborn screening market. New-born screening market growth would be aided by technological advances in the development of new-born screening systems. Several countries' governments are funding various newborn screening services and taking a variety of steps to raise public awareness about newborn screening and the benefits associated with it. Various non-profit and government organisations are working to improve the welfare of both the baby and the mother. The government is also loosening controls on the production and selling of newborn screening devices, which would enable manufacturers to create more diverse systems. Campaigns to raise disease awareness will evolve the potential of the internet.
The newborn screening market is growing at a rapid pace, but it also faces some challenges. The lack of adequate healthcare facilities and infrastructure is posing a greater obstacle to the growth of the newborn screening industry. Newborn screening tests are not always accurate, resulting in product unreliability. There are very few skilled professionals who can properly handle the screening procedure, which creates a roadblock in the newborn screening market's growth direction.
COVID-19 Impact on the Global Newborn Screening Market
COVID-19 has had a minimal effect on the newborn screening market, despite the fact that it has affected many segments of the medical devices and diagnostics industry. Legislation in key markets has also stressed the importance of newborn screening, with strict laws in place to monitor newborn health and protect babies from diseases like COVID-19. Many screening laboratories and government agencies educate parents about their children's health.
COVID-19, on the other hand, disrupted the production and distribution activities of major market players such as Natus (US), PerkinElmer (US), and Masimo (US) in Q2 2020. However, operations resumed in Q3 as countries lifted their embargoes and allowed the transport of medical supplies.
Pulse oximetry is expected to dominate the market due to the widespread use of this device in the medical industry as it is used regularly to diagnose disorders in newborn babies.
Furthermore, healthcare providers' decision-making is hampered by a shortage of evidence on the long-term effects of new diseases and a scarcity of follow-up information for screened conditions. As a result, in the newborn screening industry, there is a need to standardise valuation techniques for paediatric health states.
The global newborn screening market has reached its maximum potential and is steadily expanding in scale. The number of newborn babies is growing every day, necessitating massive growth in the newborn screening market. New-born screening market growth would be aided by technological advances in the development of new-born screening systems. Several countries' governments are funding various newborn screening services and taking a variety of steps to raise public awareness about newborn screening and the benefits associated with it. Various non-profit and government organisations are working to improve the welfare of both the baby and the mother. The government is also loosening controls on the production and selling of newborn screening devices, which would enable manufacturers to create more diverse systems. Campaigns to raise disease awareness will evolve the potential of the internet.
The newborn screening market is growing at a rapid pace, but it also faces some challenges. The lack of adequate healthcare facilities and infrastructure is posing a greater obstacle to the growth of the newborn screening industry. Newborn screening tests are not always accurate, resulting in product unreliability. There are very few skilled professionals who can properly handle the screening procedure, which creates a roadblock in the newborn screening market's growth direction.
COVID-19 Impact on the Global Newborn Screening Market
COVID-19 has had a minimal effect on the newborn screening market, despite the fact that it has affected many segments of the medical devices and diagnostics industry. Legislation in key markets has also stressed the importance of newborn screening, with strict laws in place to monitor newborn health and protect babies from diseases like COVID-19. Many screening laboratories and government agencies educate parents about their children's health.
COVID-19, on the other hand, disrupted the production and distribution activities of major market players such as Natus (US), PerkinElmer (US), and Masimo (US) in Q2 2020. However, operations resumed in Q3 as countries lifted their embargoes and allowed the transport of medical supplies.
Source: VynZ Research
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