Medical Health & Life Science Research News

New report: Global newborn screening software market to reach USD 1.0 billion by 2024

Medical Market Research

The global newborn screening equipment market was valued at an estimated USD 0.45 billion in 2016 and is expected to reach USD 1.0 billion by 2024

According to Goldstein Research, global Newborn screening software market is expected to reach USD 1.0 billion by the end of 2024 from USD 0.45 billion in 2016, growing at a CAGR of 10.5%. The government collocation of quality assurance programs and spreading awareness to decline the death rates, are driving the demand for new born screening software, for early detection of any disease or disorders in the newborns.

Global Newborn screening software market segmentation has been done on the basis of technology, application and geography. Technological developments in newborn screening software to expand its application and government reimbursement policies are improving the sustainability of the software despite the lack of trained professionals and slow penetration into the market.