Sun, 29 May 2022

According to the report by Allied Market Research, titled, "Non-Invasive Prenatal Testing (NIPT) Market by Product {Consumables (Assay Kits & Reagents, and Disposables) and Instruments (Ultrasound Devices, Next-Generation Sequencing Systems, Polymerase Chain Reaction Instruments, Microarrays, and Other Instruments)}, Method (Ultrasound Detection, Biochemical Screening Tests, Cell-Free DNA in Maternal Plasma Tests, and Fetal Cells in Maternal Blood Tests), Application (Trisomy, Microdeletion Syndrome, and Other Applications) and End User (Diagnostic Laboratories, and Hospitals) - Global Opportunity Analysis and Industry Forecast, 2021-2028″. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Growth in reimbursements for the NIPT sector, increased shift from invasive methods to non-invasive methods, and growth of maternal age (associated with growth in the risk of chromosomal abnormalities in babies) drive the market. In addition, launch and development of advanced and new technologies and non-invasive parenteral testing products also fuels the market growth. However, lack of skilled professionals as well as strict regulatory guidelines and ethical hurdles slow down the process of approvals and marketing, thus restricting the market growth. Untapped emergence of new market in Asia-Pacific make way for growth opportunities for his market.

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COVID-19 scenario analysis:

1) The COVID-19 impact on the Non-Invasive Prenatal Testing (NIPT) Market is unpredictable and is expected to remain in force till the fourth quarter of 2021.

2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.

3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.

4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.

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Key Finding of Non-Invasive Prenatal Testing (NIPT) Market:

•The study provides an in-depth analysis of the non-invasive prenatal testing market, with current trends and future estimations to elucidate the imminent investment pockets.

•It presents a quantitative analysis from 2016 to 2023 to enable the stakeholders to capitalize on prevailing market opportunities.

•Extensive analysis of the market by product type elucidates various forms of non-invasive prenatal testing available.

•Key players are profiled and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.

List of Key Players Profiled in the Report:

The key players of non-invasive parenteral testing market are Ge Healthcare (General Electric Company), Koninklijke Philips N.V., Illumina, Inc., Thermo Fisher Scientific, Inc., F. Hoffman-La Roche Ltd., Pacific Biosciences of California, Inc., Perkinelmer, Inc., Qiagen N.V., Agilent Technologies, Inc., and Beijing Genomics Institute.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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