Non invasive prenatal testing (nipt) market

1. Non-invasive Prenatal Testing (NIPT) Market – Global Non-invasive Prenatal Testing (NIPT) Market – Global Industry Insights, Trends, Outlook, and Opportunity Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025 Analysis, 2017–2025 Non-invasive prenatal testing (NIPT) is an innovative way of screening pregnancies for fetal chromosomal aneuploidies by analyzing fetal cell-free DNA circulating in maternal blood. It involves the testing for particular diseases or birth defects in a fetus or embryo before it is born. Statistics: Statistics: The global non-invasive prenatal testing market is estimated to account for US$ 1,936.4 Mn in The global non-invasive prenatal testing market is estimated to account for US$ 1,936.4 Mn in terms of value by the end of 2027. terms of value by the end of 2027. Global Non-Invasive Prenatal Testing Market: Drivers Global Non-Invasive Prenatal Testing Market: Drivers High prevalence of chromosomal disorders is expected to propel growth of the global non-invasive prenatal testing market over the forecast period. For instance, according to the study, ‘Estimating Nationwide Prevalence of Live Births with Down Syndrome and Their Medical Expenditures in Korea’, published in Journal of Korean Medical Science in August 2019, the prevalence of live births with Down’s syndrome was 5.03 per 10,000 births between 2007 and 2016. Moreover, high awareness regarding benefits of non-invasive testing methods is also expected to aid in growth of the global non-invasive prenatal testing market. Obstetricians are increasingly recommending patients to undergo non-invasive tests as an alternative to invasive methods and initial diagnostic screening in the first trimester of a pregnancy.

2. Statistics: Statistics: North America held dominant position in the global non-invasive prenatal testing market in 2019, accounting for 45% share in terms of value, followed by Europe and Asia Pacific, respectively. Get PDF Brochure Of This Research Report @ Get PDF Brochure Of This Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/579 https://www.coherentmarketinsights.com/insight/request-pdf/579 Global Non-Invasive Prenatal Testing Market: Restraints Global Non-Invasive Prenatal Testing Market: Restraints Uncertain reimbursement policies and insurance coverage is expected to hinder growth of the global non-invasive prenatal testing market. Changes in the American Medical Association’s Current Procedural Terminology, or CPT codes for non-invasive tests along with other molecular diagnostic testing have led to uncertainties in reimbursement and insurance coverage for these tests. Given the high costs for these tests, most vendors enjoy limited success due to limited or no coverage for these tests. Moreover, tests are patented by select few vendors, which is also expected to limit growth of the market. A very select few vendors hold patents and exclusive licenses to technologies used in non-invasive prenatal tests. As a result, there is limited market competition and limited incentive to reduce cost of testing, as well as quality assurance. Global Non-Invasive Prenatal Testing Market: Opportunities Global Non-Invasive Prenatal Testing Market: Opportunities Obtaining reimbursement for tests from payers is expected to offer lucrative growth opportunities for players in the global non-invasive prenatal testing market. Vendors may focus on obtaining insurance coverage for NIPT tests offered by them, considering the high costs of these tests. Moreover, attention towards health education, subsidies for NIPT, and genetic counseling is also expected to aid in growth of the market. For instance, in September 2020, researchers from Fudan University, China, and University College London, U.K., reported that, in China, compared with Zhengzhou participants, a higher proportion of Shenzhen women had heard of NIPT (87.30% vs. 64.03%), were willing to receive NIPT (91.80% vs. 80.43%) and had taken NIPT (83.12% vs. 54.54%), while their satisfaction level was lower.

3. \Statistics: \Statistics: The global non-invasive prenatal testing market was valued at US$ 882.9 Mn in 2019 and is forecast to reach a value of US$ 1,936.4 Mn by 2027 at a CAGR of 10.3% between 2020 and 2027. Research Methodology Research Methodology Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include: Primary Research (Trade Surveys and Experts Interviews) Primary Research (Trade Surveys and Experts Interviews) • Desk Research Desk Research • Proprietor Data Analytics Model Proprietor Data Analytics Model • In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings. Request Sample Copy of Research Report @ Request Sample Copy of Research Report @ https://www.coherentmarketinsights.com/insight/request-sample/579 https://www.coherentmarketinsights.com/insight/request-sample/579 Market Trends/Key Takeaways Market Trends/Key Takeaways Recommendation of new guidelines is expected to propel growth of the global non-invasive prenatal testing market over the forecast period. For instance, in August 2020, American College of Obstetricians and Gynecologists recommend new guidelines for Non-Invasive Prenatal Testing (NIPT).

4. Major players in the global non-invasive prenatal testing market are focused on raising funds to enhance their market share. For instance, in March 2020, BillionToOne, Inc. raised US$ 15 million to support the commercial expansion of UNITY, a prenatal screen that directly assesses the baby’s risk for common and severe inherited disorders such as cystic fibrosis, spinal muscular atrophy, and hemoglobinopathies, to all US states as well as the research and development (R&D) of future diagnostics tests including liquid biopsy products. Regulations Regulations Europe Europe A national screening program for congenital anomalies or aneuploidies is strictly avoided in Europe, because doctors and the national health service are NOT interested in terminating as many handicapped individuals as possible But pregnant women are informed in time by the obstetricians about the existence of all the prenatal tests available, mentioning the advantages, the related risks and possible difficult decisions arising from these tests All these non-invasive / risk calculation tests and invasive / diagnostic tests are offered on request of the pregnant women and are not compulsory. Since Combined Tests are increasingly requested, the number of invasive tests is significantly declining. Reimbursement Scenario for NIPT - Health insurer Anthem Blue Cross Blue Shield changed its medical policy regarding non-invasive prenatal testing as such screening technology is considered medically necessary for most pregnancies regardless of the risk status. According to Anthem's new policy, cell-free DNA-based prenatal screening for trisomy 21, 18, and 13 is medically necessary for women carrying a single fetus using NIPT as a screening tool for fetal aneuploidies regardless of risk status. Global Non-Invasive Prenatal Testing Market: Competitive Landscape Global Non-Invasive Prenatal Testing Market: Competitive Landscape

5. Major players operating in the global non-invasive prenatal testing market include, Ariosa Diagnostics, Inc., BGI Diagnosis Co., Ltd., Berry Genomics Corporation, Illumina, Inc., LifeCodexx AG, Natera, Inc., Sequenom, Inc., Natera, Inc., Axia Women’s Health, Eluthia, BillionToOne, Inc., and Quest Diagnostics Incorporated. Global Non-Invasive Prenatal Testing Market: Key Developments Global Non-Invasive Prenatal Testing Market: Key Developments Major players in the global non-invasive prenatal testing market are focused on launching new products to expand their product portfolio. For instance, in August 2019, Axia Women’s Health, a U.S. based independent women’s healthcare group, launched non-invasive prenatal testing (NIPT) in U.S. About Coherent Market Insights About Coherent Market Insights Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us Contact Us Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: Email: sales@coherentmarketinsights.com sales@coherentmarketinsights.com