The pediatric and neonatal testing kit market size has grown strongly in recent years. It will grow from $3.7 billion in 2023 to $4.02 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth witnessed during the historic period can be ascribed to several factors contributing to the advancement of pediatric and neonatal care. This includes notable progress in medical practices for infants and newborns, a heightened emphasis on child health, the expansion of healthcare infrastructure, a rising awareness regarding prenatal testing, and ongoing developments in the regulatory landscape.
The pediatric and neonatal testing kit market size is expected to see strong growth in the next few years. It will grow to $5.51 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The anticipated growth in the forecast period is driven by various factors, including an upsurge in the demand for non-invasive testing methods, the widening application of point-of-care testing in pediatrics, heightened investments in neonatal and pediatric research, and the growing adoption of digital health solutions. Prominent trends expected during this period encompass the development of swift and precise testing kits, the integration of next-generation sequencing in pediatric diagnostics, the expansion of newborn screening programs, a heightened emphasis on metabolic testing in neonates, and the incorporation of artificial intelligence in diagnostic tools.
The pediatric and neonatal testing kit market is poised for growth due to the rising prevalence of congenital disorders in newborns. These disorders, occurring during fetal development or present at birth, underscore the importance of pediatric and neonatal screening. Early detection of congenital disabilities through such screening enables healthcare professionals to initiate prompt treatment. In February 2023, the World Health Organization (WHO) reported that approximately 240,000 babies worldwide die within the first 28 days of birth due to congenital disorders annually, with an additional 170,000 deaths occurring between the ages of 1 month to 5 years. The European Commission noted in December 2022 that anomalies were prevalent in 253.38 per 10,000 births in 2020, with 58.22 instances of termination of pregnancy for congenital anomalies (TOPFA). This emphasizes the significant impact of congenital disorders on infant mortality and underscores the need for pediatric and neonatal testing kits.
The increasing neonatal and pediatric population is another driving factor for the pediatric and neonatal testing kit market. Neonates, defined as newborns within the first 28 days of life, and pediatric patients (up to 21 years old) constitute a growing demographic with specific healthcare needs. In the United Kingdom, for example, as of 2021, there were 3.58 million children aged 0 to 4, with varying age distributions within this range. The statistics from 2021 also revealed neonatal death rates of 1.65 per 1000 live births and stillbirth rates of 3.54 per 1000 total births in the UK. This surge in the neonatal and pediatric population underscores the essential role of pediatric and neonatal testing kits in addressing the unique healthcare requirements of this demographic. As a result, the increasing prevalence of congenital disorders and the expanding neonatal and pediatric population are significant drivers propelling the growth of the pediatric and neonatal testing kit market.
A prominent trend in the pediatric and neonatal testing kits market is the development of innovative screening tests, with major companies prioritizing the creation of novel kits to enhance their market standing. Notably, companies such as Calmark are at the forefront of this trend, exemplified by the introduction of their product, Calmark Neo-Bilirubin. In April 2020, Calmark, a diagnostics company based in Sweden, announced the regulatory approval and CE mark for Neo-Bilirubin in the European Union. This point-of-care diagnostic system is designed for measuring bilirubin levels in newborns. Distinguished by its high tolerance to hemolysis and the ability to deliver accurate results even at up to 60% hematocrit, this product is tailored for hospital environments and holds NEST360 Qualified approval, ensuring enhanced quality and safety standards.
Major players in the pediatric and neonatal testing kits market are actively engaging in strategic collaborations to fortify their market positions. Collaborations, such as the one between Baebies, Inc., a US-based medical device company, and Medical Horizons s.r.l, an Italy-based medical device supplier, exemplify efforts to advance precision medicines for chronic kidney diseases. This collaboration, initiated in May 2022, aims to discover and develop innovative products facilitating early disease detection and comprehensive diagnosis. The expansion of digital microfluidics technology into new global markets is a strategic focus, offering opportunities to screen more infants and improve overall patient outcomes.
In November 2021, NeoLight LLC, a prominent medical device firm based in the United States, successfully completed the acquisition of Phoenix Technology Group for an undisclosed sum. This strategic move enhances NeoLight's existing newborn care portfolio, bolstering its capabilities in newborn testing. Phoenix Technology Group, renowned for its expertise in manufacturing ocular imaging devices for both newborn and adult testing, further augments NeoLight's comprehensive newborn testing portfolio through this acquisition.
Major companies operating in the pediatric and neonatal testing kit market report are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic PLC, Siemens Healthineers, GE Healthcare GmbH, Eurofins Scientific SE, Trivitron Healthcare Pvt Ltd., Hologic Inc., PerkinElmer Inc., Quidel Corporation, Bio-Rad Laboratories Inc., QIAGEN NV, Masimo CareDx Inc., Natus Medical Incorporated, BioFire Diagnostics LLC, Luminex Corporation, Meridian Bioscience Inc., Advanced Instruments LLC, MP Biomedicals LLC, ELITech Group SAS, Baebies Inc., iHealth Labs Inc., Labsystems Diagnostics Oy, Advacare Pharma LLP, Beckman Coulter Inc., JETA Molecular BV, EpigenTek Group Inc., ZenTech SA, Hangzhou Testsea Biotechnology Co. Ltd.
North America was the largest region in the pediatric and neonatal testing kit market in 2023. The regions covered in the pediatric and neonatal testing kit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pediatric and neonatal testing kit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Key test types featured in pediatric and neonatal testing kits include dried blood spot, hearing screening, critical congenital heart defect (CCHD), among others. The dried blood spot (DBS) test, a diagnostic technique, entails the collection of a small blood volume from individuals, allowing it to dry on a specialized filter paper. The product offerings include assay kits, reagents, and instruments employing various cutting-edge technologies such as tandem mass spectrometry, pulse oximetry, enzyme-based assays, DNA-based assays, electrophoresis, and more. These advanced testing solutions cater to a diverse range of end users, including hospitals, diagnostic centers, maternity facilities, specialty clinics, and other healthcare institutions.
The pediatric and neonatal testing kit market research report is one of a series of new reports that provides pediatric and neonatal testing kit market statistics, including pediatric and neonatal testing kit industry global market size, regional shares, competitors with a pediatric and neonatal testing kit market share, detailed pediatric and neonatal testing kit market segments, market trends and opportunities, and any further data you may need to thrive in the pediatric and neonatal testing kit industry. This pediatric and neonatal testing kit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pediatric and neonatal testing kit market consists of sales of maternal blood screening, ultrasound tests, amniocentesis, and glucose screening. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The pediatric and neonatal testing kit market size is expected to see strong growth in the next few years. It will grow to $5.51 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The anticipated growth in the forecast period is driven by various factors, including an upsurge in the demand for non-invasive testing methods, the widening application of point-of-care testing in pediatrics, heightened investments in neonatal and pediatric research, and the growing adoption of digital health solutions. Prominent trends expected during this period encompass the development of swift and precise testing kits, the integration of next-generation sequencing in pediatric diagnostics, the expansion of newborn screening programs, a heightened emphasis on metabolic testing in neonates, and the incorporation of artificial intelligence in diagnostic tools.
The pediatric and neonatal testing kit market is poised for growth due to the rising prevalence of congenital disorders in newborns. These disorders, occurring during fetal development or present at birth, underscore the importance of pediatric and neonatal screening. Early detection of congenital disabilities through such screening enables healthcare professionals to initiate prompt treatment. In February 2023, the World Health Organization (WHO) reported that approximately 240,000 babies worldwide die within the first 28 days of birth due to congenital disorders annually, with an additional 170,000 deaths occurring between the ages of 1 month to 5 years. The European Commission noted in December 2022 that anomalies were prevalent in 253.38 per 10,000 births in 2020, with 58.22 instances of termination of pregnancy for congenital anomalies (TOPFA). This emphasizes the significant impact of congenital disorders on infant mortality and underscores the need for pediatric and neonatal testing kits.
The increasing neonatal and pediatric population is another driving factor for the pediatric and neonatal testing kit market. Neonates, defined as newborns within the first 28 days of life, and pediatric patients (up to 21 years old) constitute a growing demographic with specific healthcare needs. In the United Kingdom, for example, as of 2021, there were 3.58 million children aged 0 to 4, with varying age distributions within this range. The statistics from 2021 also revealed neonatal death rates of 1.65 per 1000 live births and stillbirth rates of 3.54 per 1000 total births in the UK. This surge in the neonatal and pediatric population underscores the essential role of pediatric and neonatal testing kits in addressing the unique healthcare requirements of this demographic. As a result, the increasing prevalence of congenital disorders and the expanding neonatal and pediatric population are significant drivers propelling the growth of the pediatric and neonatal testing kit market.
A prominent trend in the pediatric and neonatal testing kits market is the development of innovative screening tests, with major companies prioritizing the creation of novel kits to enhance their market standing. Notably, companies such as Calmark are at the forefront of this trend, exemplified by the introduction of their product, Calmark Neo-Bilirubin. In April 2020, Calmark, a diagnostics company based in Sweden, announced the regulatory approval and CE mark for Neo-Bilirubin in the European Union. This point-of-care diagnostic system is designed for measuring bilirubin levels in newborns. Distinguished by its high tolerance to hemolysis and the ability to deliver accurate results even at up to 60% hematocrit, this product is tailored for hospital environments and holds NEST360 Qualified approval, ensuring enhanced quality and safety standards.
Major players in the pediatric and neonatal testing kits market are actively engaging in strategic collaborations to fortify their market positions. Collaborations, such as the one between Baebies, Inc., a US-based medical device company, and Medical Horizons s.r.l, an Italy-based medical device supplier, exemplify efforts to advance precision medicines for chronic kidney diseases. This collaboration, initiated in May 2022, aims to discover and develop innovative products facilitating early disease detection and comprehensive diagnosis. The expansion of digital microfluidics technology into new global markets is a strategic focus, offering opportunities to screen more infants and improve overall patient outcomes.
In November 2021, NeoLight LLC, a prominent medical device firm based in the United States, successfully completed the acquisition of Phoenix Technology Group for an undisclosed sum. This strategic move enhances NeoLight's existing newborn care portfolio, bolstering its capabilities in newborn testing. Phoenix Technology Group, renowned for its expertise in manufacturing ocular imaging devices for both newborn and adult testing, further augments NeoLight's comprehensive newborn testing portfolio through this acquisition.
Major companies operating in the pediatric and neonatal testing kit market report are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic PLC, Siemens Healthineers, GE Healthcare GmbH, Eurofins Scientific SE, Trivitron Healthcare Pvt Ltd., Hologic Inc., PerkinElmer Inc., Quidel Corporation, Bio-Rad Laboratories Inc., QIAGEN NV, Masimo CareDx Inc., Natus Medical Incorporated, BioFire Diagnostics LLC, Luminex Corporation, Meridian Bioscience Inc., Advanced Instruments LLC, MP Biomedicals LLC, ELITech Group SAS, Baebies Inc., iHealth Labs Inc., Labsystems Diagnostics Oy, Advacare Pharma LLP, Beckman Coulter Inc., JETA Molecular BV, EpigenTek Group Inc., ZenTech SA, Hangzhou Testsea Biotechnology Co. Ltd.
North America was the largest region in the pediatric and neonatal testing kit market in 2023. The regions covered in the pediatric and neonatal testing kit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pediatric and neonatal testing kit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Key test types featured in pediatric and neonatal testing kits include dried blood spot, hearing screening, critical congenital heart defect (CCHD), among others. The dried blood spot (DBS) test, a diagnostic technique, entails the collection of a small blood volume from individuals, allowing it to dry on a specialized filter paper. The product offerings include assay kits, reagents, and instruments employing various cutting-edge technologies such as tandem mass spectrometry, pulse oximetry, enzyme-based assays, DNA-based assays, electrophoresis, and more. These advanced testing solutions cater to a diverse range of end users, including hospitals, diagnostic centers, maternity facilities, specialty clinics, and other healthcare institutions.
The pediatric and neonatal testing kit market research report is one of a series of new reports that provides pediatric and neonatal testing kit market statistics, including pediatric and neonatal testing kit industry global market size, regional shares, competitors with a pediatric and neonatal testing kit market share, detailed pediatric and neonatal testing kit market segments, market trends and opportunities, and any further data you may need to thrive in the pediatric and neonatal testing kit industry. This pediatric and neonatal testing kit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pediatric and neonatal testing kit market consists of sales of maternal blood screening, ultrasound tests, amniocentesis, and glucose screening. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Pediatric and Neonatal Testing Kit Market Characteristics3. Pediatric and Neonatal Testing Kit Market Trends and Strategies32. Global Pediatric and Neonatal Testing Kit Market Competitive Benchmarking33. Global Pediatric and Neonatal Testing Kit Market Competitive Dashboard34. Key Mergers and Acquisitions in the Pediatric and Neonatal Testing Kit Market
4. Pediatric and Neonatal Testing Kit Market - Macro Economic Scenario
5. Global Pediatric and Neonatal Testing Kit Market Size and Growth
6. Pediatric and Neonatal Testing Kit Market Segmentation
7. Pediatric and Neonatal Testing Kit Market Regional and Country Analysis
8. Asia-Pacific Pediatric and Neonatal Testing Kit Market
9. China Pediatric and Neonatal Testing Kit Market
10. India Pediatric and Neonatal Testing Kit Market
11. Japan Pediatric and Neonatal Testing Kit Market
12. Australia Pediatric and Neonatal Testing Kit Market
13. Indonesia Pediatric and Neonatal Testing Kit Market
14. South Korea Pediatric and Neonatal Testing Kit Market
15. Western Europe Pediatric and Neonatal Testing Kit Market
16. UK Pediatric and Neonatal Testing Kit Market
17. Germany Pediatric and Neonatal Testing Kit Market
18. France Pediatric and Neonatal Testing Kit Market
19. Italy Pediatric and Neonatal Testing Kit Market
20. Spain Pediatric and Neonatal Testing Kit Market
21. Eastern Europe Pediatric and Neonatal Testing Kit Market
22. Russia Pediatric and Neonatal Testing Kit Market
23. North America Pediatric and Neonatal Testing Kit Market
24. USA Pediatric and Neonatal Testing Kit Market
25. Canada Pediatric and Neonatal Testing Kit Market
26. South America Pediatric and Neonatal Testing Kit Market
27. Brazil Pediatric and Neonatal Testing Kit Market
28. Middle East Pediatric and Neonatal Testing Kit Market
29. Africa Pediatric and Neonatal Testing Kit Market
30. Pediatric and Neonatal Testing Kit Market Competitive Landscape and Company Profiles
31. Pediatric and Neonatal Testing Kit Market Other Major and Innovative Companies
35. Pediatric and Neonatal Testing Kit Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Pediatric and Neonatal Testing Kit Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on pediatric and neonatal testing kit market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Measure the impact of high global inflation on market growth.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for pediatric and neonatal testing kit? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Test Type: Dried Blood Spot; Hearing Screening; Critical Congenital Heart Defect (CCHD); Other Test Types
2) By Product: Assay Kits and Reagents; Instruments
3) By Technology: Tandem Mass Spectrometry; Pulse Oximetry; Enzyme-based Assays; DNA Based Assays; Electrophoresis; Others Technologies
4) By End-user: Hospitals; Diagnostic Centers; Maternity and Specialty Clinics; Other End-users
Key Companies Mentioned: F. Hoffmann-La Roche AG; Thermo Fisher Scientific Inc.; Abbott Laboratories; Medtronic Plc; Siemens Healthineers
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- F. Hoffmann-La Roche AG
- Thermo Fisher Scientific Inc.
- Abbott Laboratories
- Medtronic Plc
- Siemens Healthineers
- GE Healthcare GmbH
- Eurofins Scientific SE
- Trivitron Healthcare Pvt Ltd.
- Hologic Inc.
- PerkinElmer Inc.
- Quidel Corporation
- Bio-Rad Laboratories Inc.
- QIAGEN NV
- Masimo CareDx Inc.
- Natus Medical Incorporated
- BioFire Diagnostics LLC
- Luminex Corporation
- Meridian Bioscience Inc.
- Advanced Instruments LLC
- MP Biomedicals LLC
- ELITech Group SAS
- Baebies Inc.
- iHealth Labs Inc
- Labsystems Diagnostics Oy
- Advacare Pharma LLP
- Beckman Coulter Inc.
- JETA Molecular BV
- EpigenTek Group Inc.
- ZenTech SA
- Hangzhou Testsea Biotechnology Co. Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 4.02 Billion |
Forecasted Market Value ( USD | $ 5.51 Billion |
Compound Annual Growth Rate | 8.2% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |