Yahoo Finance With 2.2% CAGR, Preeclampsia Diagnostics Market Size worth USD 1.24 Billion by 2029
According to Fortune Business Insights, the global Preeclampsia Diagnostics Market size is projected to reach USD 1.24 Billion by 2029, at CAGR of 2.2% during forecast period; Development of Innovative Preeclampsia Diagnostic Procedures to Propel Market Progress
Pune, India, Aug. 16, 2022 (GLOBE NEWSWIRE) -- The global preeclampsia diagnostics market size was valued at USD 1.03 billion in 2021 and reached USD 1.07 billion in 2022. The market is expected to reach USD 1.24 billion by 2029, exhibiting a CAGR of 2.2% during the forecast period. The rising prevalence of preeclampsia and increasing technological advancements in diagnostics procedures are expected to foster industry growth. Fortune Business Insights™ presents this information in its report titled “Preeclampsia Diagnostics Market, 2022-2029.”
Key Industry Development
July 2021: LifeCell Diagnostics announced a comprehensive preeclampsia screening in India. The advanced screening detects biomarker, sFLT-1 (soluble FMS-like tyrosine kinase-1), which enables the prediction of the disease and helps in accurate diagnosis even in the third trimester.
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Report Scope
Report Coverage | Details |
Forecast Period | 2022 to 2029 |
Forecast Period 2022 to 2029 CAGR | 2.2% |
2029 Value Projection | USD 1.24 Billion |
Base Year | 2021 |
Market Size in 2021 | USD 1.03Billion |
Historical Data for | 2018 to 2020 |
No. of Pages | 148 |
Key Players | F. Hoffmann-La Roche Ltd, PerkinElmer Inc., DRG INSTRUMENTS GMBH, Thermo Fisher Scientific Inc., Diabetomics, Inc. |
Growth Drivers | Development of Innovative Preeclampsia Diagnostic Procedures to Propel Market Progress |
Blood Test Segment to Dominate Owing to Rising Adoption in Diagnostics Centers | |
Robust Demand from Healthcare Sector Fostered Market Progress |
Drivers and Restraints
Development of Innovative Preeclampsia Diagnostic Procedures to Propel Market Progress
Preeclampsia diagnostics are a set of diagnostic procedures designed to protect mothers and infants from preeclampsia disorders. The development of innovative preeclampsia diagnostic procedure is expected to enhance the adoption of the diagnostic procedure. The rising prevalence of the disorder in pregnant women across the globe is expected to enhance the diagnostics’ adoption. For example, as per the NCBI’s research published in July 2021, preeclampsia occurrence in France reached 8.5% among pregnant women. These factors may drive the preeclampsia diagnostics market growth.
However, lack of awareness regarding preeclampsia is expected to hinder the industry’s growth.
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COVID-19 Impact
Robust Demand from Healthcare Sector Fostered Market Progress
This market was positively impacted during the pandemic due to the rising demand for preeclampsia diagnostics procedures from the healthcare sector. The increasing cases of preeclampsia led to the procedure's rapid adoption. Further, government guidelines such as amendments encouraging the adoption of such procedures are expected to enhance the demand for the product. Moreover, market players experienced a huge spike in revenues due to the procedure’s extensive adoption. For example, PerkinElmer Inc. experienced massive growth of 31.2% during 2020, reaching USD 3,782.8 million. These factors influenced the industry growth during the pandemic.
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Segments
Blood Test Segment to Dominate Owing to Rising Adoption in Diagnostics Centers
By test type, the market is segmented into blood test and urine analysis
The test type segment is expected to dominate owing to the rising adoption of the procedure from diagnostics centers. Further, the rising awareness regarding blood tests is expected to foster the industry’s growth.
Consumables Segment to Dominate Owing to Rising Cases of Preeclampsia
By product, the market is classified into instruments and consumables.
The consumables segment is expected to hold a major market share due to the rising cases of preeclampsia. Furthermore, the rising awareness regarding the disorders’ detection methods is expected to propel the product’s adoption.
Diagnostic Centers Segment to Dominate Attributable to the Presence of Unique Instruments
As per end-user, the market is categorized into hospitals, specialty clinics, diagnostic centers, and others.
The diagnostic centers segment is expected to hold a major market share due to the presence of unique instruments. Furthermore, rising hospital visits are expected to enhance the product’s demand. These factors may promote segmental growth.
Report Coverage
The report provides a detailed analysis of the top segments and latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and strategies undertaken by the market's key players.
Regional Insights
Rapid Adoption of Technologically Advanced Products to Foster Growth in North America
North America is expected to dominate the preeclampsia diagnostics market share due to the adoption of technologically advanced products. The market in North America stood at USD 0.39 billion in 2021 and is expected to grow rapidly during the forecast period. Further, the increasing awareness of the disease’s severity is expected to enhance the demand for the product. Moreover, the rising launch of technologically advanced products is expected to enhance the product’s demand. These factors may drive the industry’s progress.
In Europe, the presence of a huge patient pool suffering from hypertensive disorders is expected to enhance the demand for the product. Furthermore, the presence of a rapidly increasing population and the rising number of approvals by governments are expected to enhance the industry's growth.
In Asia Pacific, the presence of an ever-growing population is expected to enhance preeclampsia diagnostics demand. Furthermore, rising pregnancy rates and increasing fertility treatment usage are expected to enhance industry growth.
Preeclampsia Diagnostics Market Segmentations:
Segmentation | By Test Type
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By Product
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By Geography
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Competitive Landscape
Companies Announce Novel Products to Enhance Brand Image
Prominent companies operating in the market announce novel products to enhance the demand for the product. For example, PerkinElmer Inc. announced DELFIA Xpress sFIt PIGF 1-2-3 assay in July 2020. The kit aids in preeclampsia prediction and in the diagnosis of the disorder. This launch may enable the company to enhance its brand image. Furthermore, prominent players adopt research and development to enhance diagnostics effectiveness and enhance safety. This strategy may allow players to enhance their brand image.
List of Key Players Profiled in the Report
F. Hoffmann-La Roche Ltd (Switzerland)
PerkinElmer Inc. (Massachusetts, U.S.)
DRG INSTRUMENTS GMBH (Germany)
Thermo Fisher Scientific Inc. (U.S.)
Diabetomics, Inc. (U.S.)
Metabolomic Diagnostics Ltd. (Ireland)
Sera Prognostics (U.S.)
Siemens Healthineers AG (Germany)
Bayer AG (Germany)
Table of Content
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Prevalence of Preeclampsia – For Key Countries
Technological Advancements in Preeclampsia Diagnostics
New Product Launch by Key Players
Key Industry Developments – Partnerships, Mergers, and Acquisitions
Impact of COVID-19 on the Preeclampsia Diagnostics Market
Global Preeclampsia Diagnostics Market Analysis, Insights and Forecast, 2018-2029
Market Analysis, Insights and Forecast – By Test Type
Blood Tests
Urine Analysis
Market Analysis, Insights and Forecast – By Product
Instruments
Consumables
Market Analysis, Insights and Forecast – By End-user
Hospitals
Specialty Clinics
Diagnostic Centers
Others
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
ToC Continue…!
Have Any Query? Ask Our Experts:
Frequently Asked Questions
How much is the global preeclampsia diagnostics market worth?
According to Fortune Business Insights the global market stood at USD 1.03 billion in 2021 and is projected to reach USD 1.24 billion by 2029.
What are the key factors driving the market?
The rising prevalence of the disorder in pregnant women across the globe is expected to enhance the diagnostics’ adoption. For example, as per the NCBI’s research published in July 2021, preeclampsia occurrence in France reached 8.5% among pregnant women. These factors may drive the preeclampsia diagnostics market growth.
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