Global Market for Non-Evasive Prenatal Testing to Reach $3.1 Billion by 2023

September 10, 2018

WELLESLEY, Mass., Sep. 10, 2018 – Due to the ability to accurately screen pregnant women for multiple chromosomal conditions without the threat of miscarriage, the global market for non-evasive prenatal testing has reached new heights according to a new report from BCC Research.

In 2018, the global market for non-evasive prenatal testing was worth $1.9 billion. BCC Research estimates that it will reach a value of $3.1 billion by 2023, indicating a compound annual growth rate (CAGR) of 10.2%, according to Next Generation Sequencing for Non-Evasive Prenatal Testing: Global Insights.

Major companies that are influencing the industry include Ariosa Diagnostics, Inc., Berry Genomics Co., Ltd, BGI Diagnostics, Illumina, Inc., LifeCodexx AG, Natera, Inc., Sequenom Laboratories and Quest Diagnostics, Inc.

Research Highlights

• The companies/laboratories offering NIPT services include Ariosa (USA): Harmony, BGI Health (China): NIFTY, Illumina (USA): Verifi, Natera (USA): Panorama, Premaitha (UK): IONA, and Sequenom (USA): MATERNIT21 PLUS.
• The implementation of NIPT is facing significant ethical and regulatory hurdles due to the belief that it will increase the number of abortions.
• The Asia-Pacific region is expected to have the fastest growth rate during the forecasted period at 17.3% between 2018 and 2023. 

“North America held the largest share of the global NIPT market in terms of revenue,” the report notes. “This can be attributed to the presence of major players in the U.S. and relatively high awareness levels about NIPT in North America. Europe is the second largest market for NIPT. In Europe, market growth largely depends upon increasing penetration of U.S. based tests and their increasing acceptance.”

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Next Generation Sequencing for Non-invasive Prenatal Testing: Global Insights( BIO173A )
Publish Date: Aug 2018    

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