Preterm Birth and PROM Testing Market Size, Share, Growth, Trends and Industry Analysis Report, 2019 to 2025Medical Equipment & Supplies Rental & LeasingUpdated on Apr 30, 2020 View more like this | Visit NEW YORK, NY | Contact Grand View Research, Inc. |
The global preterm birth and prom testing market size is expected to reach USD 1.3 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 1.8% during the forecast period. Rising incidence of preterm births, increasing geographical reach by market players, high demand for effective diagnosis of preterm births, and advanced drug delivery devices are expected to drive the market.
Every year, approximately 15 million babies around the world are born before the 37th week of pregnancy and this number is expected to increase further. Around 1 million children die each year due to complications caused by preterm births. Premature Rupture of Membranes (PROM) causes about 4.5 million preterm births each year, worldwide. Globally, preterm birth is among the most frequent causes of death among neonates within the first month of life.
Increasing average age of pregnant women (>35 years of age) has led to an increase in the risk of heath conditions such as high blood pressure and reduced blood flow to the placenta. These issues risk the health of both mother and unborn child and often result in preterm births or neonatal deaths. Even though traditional methods such as Nitrazine and Ferning test make it possible to obtain a negative predictive value (NPV), they have extremely poor positive predictive values for spontaneous deliver. The approval of PartaSure (Parsagen Diagnostics, Inc. and Qiagen) in April 2018 and other improved diagnostic test kits has introduced a highly efficacious yet cost-effective options for PROM testing in symptomatic patients.
Further key findings from the report suggest:
Access full research report on global preterm birth and prom testing market: www.grandviewresearch.com/industry-analysis/preterm-birth-prom-testing-market
Every year, approximately 15 million babies around the world are born before the 37th week of pregnancy and this number is expected to increase further. Around 1 million children die each year due to complications caused by preterm births. Premature Rupture of Membranes (PROM) causes about 4.5 million preterm births each year, worldwide. Globally, preterm birth is among the most frequent causes of death among neonates within the first month of life.
Increasing average age of pregnant women (>35 years of age) has led to an increase in the risk of heath conditions such as high blood pressure and reduced blood flow to the placenta. These issues risk the health of both mother and unborn child and often result in preterm births or neonatal deaths. Even though traditional methods such as Nitrazine and Ferning test make it possible to obtain a negative predictive value (NPV), they have extremely poor positive predictive values for spontaneous deliver. The approval of PartaSure (Parsagen Diagnostics, Inc. and Qiagen) in April 2018 and other improved diagnostic test kits has introduced a highly efficacious yet cost-effective options for PROM testing in symptomatic patients.
Further key findings from the report suggest:
- Based on test type, the PAMG1 immunoassay segment is expected to witness lucrative growth over the forecast period driven by rapid uptake of these test kits in developed markets
- Improved PROM diagnostic methods are increasingly replacing traditional standard-of-care tests (Ferning and Nitrazine), supported by their ease of use and high sensitivity
- North America dominated the market with the largest share in 2017. Focus on early diagnosis of women’s health issues, along with improved awareness about preterm birth and PROM testing, are responsible for the dominance of this region
- Strong unmet needs, rising awareness regarding maternal health, and uptake of improved diagnostic methods are expected to propel the growth of the preterm labor and PROM testing market
- Some of the key players in the market are Qiagen, Hologic, Cooper Surgical, Abbott Laboratories, Medixbiochemica, Sera Prognostics, Biosynex, and IQ Products.
Access full research report on global preterm birth and prom testing market: www.grandviewresearch.com/industry-analysis/preterm-birth-prom-testing-market
