The Asia Pacific Prenatal & Newborn Genetic Testing market is expected to reach US$ 61.9 Mn in 2027 from US$ 30.6 Mn in 2018. The market is estimated to grow with a CAGR of 8.5% from 2018-2027
The Asia Pacific Prenatal & Newborn Genetic Testing Market is growing along with the Biotechnology industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
The Asia Pacific Prenatal & Newborn Genetic Testing market is expected to reach US$ 61.9 Mn in 2027 from US$ 30.6 Mn in 2018. The market is estimated to grow with a CAGR of 8.5% from 2018-2027
Several types of genetic diseases affect the fetuses in the womb. The way in which these genetic diseases are inherited helps to determine the risk that they pose on pregnancy as well as the risk of its recurrence. The risk of having genetic diseases in babies is high in cases where the parents have another child with a genetic disease, family history of a genetic disorder, or if either of a parent has a chromosomal abnormality. There is a significant prevalence of genetic diseases among infants. Moreover, these diseases are also responsible for infant mortality across the globe. Five most common genetic diseases in India affecting the new born are Beta-Thalassemia, Cystic Fibrosis, Sickle Cell Anemia, Spinal Muscular Atrophy and Hemophilia A.
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These genetic diseases place a huge psychological, physical, and socioeconomic burden on patients as well as their families. The most common rare diseases are hemophilia, thalassemia, sickle-cell anemia, auto-immune diseases, lysosomal storage disorders and others. Approximately 80% of rare diseases have identified to be of genetic origin and hence have an impact on children. The government of India (GOI) had constituted committees with the aim of framing a ‘national policy on treatment of 17 rare diseases’.
These factors are expected to offer broad growth opportunities in the Biotechnology industry and this is expected to cause the demand for PRENATAL & NEWBORN GENETIC TESTING in the market.
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PRENATAL AND NEWBORN GENETIC TESTING – MARKET SEGMENTATION
By Test Type
By Product
By Disease Indication
By Technology
By End User
By Geography
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