Award-winning consulting firm Fact.MR’s recent report on the newborn screening market forecasts an optimistic outlook, predicting a CAGR surpassing 8% to reach a valuation of over US$ 1 billion by 2031. Increased spending on infant care in the wake of accelerating birth rates is principally driving demand for newbor.
Demand for Newborn Screening Rising Amid Surging Cases of Infant Disorders: Fact.MR
NEW YORK, June 10, 2021 /PRNewswire/ Award-winning market research firm Fact.MR forecasts a healthy growth outlook for global newborn screening market over the forecast period of 2021 and 2031. The market is poised to expand at a CAGR of over 8% to surpass a valuation of US$ 1 Bn by 2031.
Increasing birth rates across the globe and high investment in the newborn health infrastructure are the primary drivers for the growth of newborn screening market.
With the increasing birth rates, there s a surge in the cases of infant disorders such as hearing impairment, congenital thyroidisim and other hormonal disorders. Thereby, improving the adoption of newborn screening tests.
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