The Global Non-invasive Prenatal Testing (NIPT) Market is estimated to be valued at USD 4.60 Bn in 2024 and is expected to reach USD 9.11 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Key Takeaways of the Non-invasive Prenatal Testing (NIPT) Market:
Market Overview:
The global non-invasive prenatal testing (NIPT) market is witnessing high growth rate owing to rising awareness about NIPT and increasing focus of key players on new product launches and approvals. Growing prevalence of Down’s syndrome and other genetic disorders in babies and rapid expansion of application areas of non-invasive prenatal testing are expected to drive the market growth during the forecast period. Furthermore, increasing preference of non-invasive techniques over invasive methods and reimbursement for NIPT in many countries have been supporting the growth of this market. However, availability of alternative diagnostic techniques and ethical concerns regarding NIPT are expected to hamper the market growth to some extent.
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Key Developments:
Top Strategies Followed by Global Non-invasive Prenatal Testing (NIPT) Market Players
Emerging Startups - Non-invasive Prenatal Testing (NIPT) Industry Ecosystem
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