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Lucrative Growth Opportunities in the Non-invasive Prenatal Testing (NIPT) Market
by akshayjadhav0912 · March 6, 2019
The global NIPT market is expected to reach USD 2.88 Billion by 2021 from USD 1.35 Billion in 2016, at a CAGR of 16.4% during the forecast period.
The聽non-invasive prenatal testing market聽is witnessing significant growth across the globe owing to factors such as high risk of chromosomal abnormalities with increasing maternal age, growing preference for non-invasive techniques over invasive methods, launch of new and advanced products Authentic Wade Boggs Jersey , improving reimbursement scenario for NIPT, and programs focusing on increasing the awareness of NIPT. The increasing use of NIPT in detection of Trisomy (Down syndrome, Edwards鈥檚 syndrome, and Patau syndrome), Microdeletion syndrome Authentic Evan Longoria Jersey , and other applications (Monogenic disorders, Klinefelter syndrome, gender detection, and rhesus (Rh) blood type) also play a vital role in the development of this market.
The NIPT market is segmented based on product, method Blake Snell Jersey , application, end user, and region. On the basis of product, the market is segmented into consumables and instruments. The consumables segment offer lucrative growth opportunities and represent a new revenue pocket for the market owing to the repeated requirements of consumables in NIPT. The consumables segment is further divided into assay kits & reagents and disposables. The instruments segment is classified into ultrasound devices, NGS systems Yandy Diaz Jersey , PCR instruments, microarrays, and other instruments.
On the basis of application, the NIPT market is segmented into Trisomy, microdeletion syndrome Willy Adames Jersey , and other applications. Trisomy forms the largest application segment and is slated to grow at the highest CAGR during the forecast period. This is mainly attributed to the increasing maternal age and rising incidence of chromosomal abnormalities.