Asia-Pacific Newborn Screening Market to Surpass USD 495.1 Million by 2026

The Asia-Pacific newborn screening market was valued at USD 190.2 million in 2018 and is projected to exhibit a CAGR of 12.7 percent from 2018 – 2026. Government bodies are focusing on initiatives to create awareness about newborn screening tests and are offering free screening services in some regions and rising funding. Furthermore, various government programs and legislations are also creating a conducive environment for growth of the Asia pacific newborn screening market.

For instance, a newborn screening program was recommended by the World Health Organization (WHO) to safeguard the health of children across the globe. Under this program, numerous policies and initiatives have taken by the Human Services Secretary’s Advisory Committee on Heritable Disorders in Newborns and Children (SACHDNC) and the U.S. Department of Health, advocacy groups such as the March of Dimes and Japan’s Society of Obstetrics and Gynecology (JSOG) and UK (PEACH). The World Health Organization (WHO) is focusing on allocation of necessary resources as an additional investment of USD 0.20 cents per person, which can save 2 of every 3 newborns in low and middle income countries by 2030.

Development of cost-effective newborn screening devices is a challenging aspect in emerging countries. Manufacturers could focus on emerging countries such as China, India, Brazil, and South Africa for development of newborn screening devices, owing to relatively high birth rates. Furthermore, manufacturers could focus on developing novel newborn screening methodology, which will be affordable, as the healthcare infrastructure is rapidly enhancing in Asia pacific countries and the regulatory scenario is also favorable for growth of the market. In November 2018, GE Healthcare collaborated with Beyond Zero Initiative to improve access to quality and affordable primary healthcare services in Kisumu County. – Coherent Market Insights