Top 10 Companies in Newborn Screening Market - Company Overview, Recent Developments and SWOT Analysis 2030
The Newborn Screening Market is driven by Increase in the incidence of neonatal diseases drives the growth of the global newborn screening market, which leads to high demand for newborn screening tests. Also, increase in funding from government organizations and technological advancements in tests are the factors drives growth of the global newborn screening market across the globe. Newborn screening is a test which basically carried out in identifying any harmful or potentially fatal disorders which can have an effect on a child’s long-term health and survival. By using this test, early detection and appropriate standards of diagnosis and treatment makes possible to prevent death and promote the healthy development of an infant. However, rising awareness among women’s about their health and advancement in tests has fueled the newborn screening market growth.
Newborn Screening Market is estimated to be US$ 2.9 billion by 2029 with a CAGR of 10.8% during the forecast period.
Here are the top 10 companies operating in Newborn Screening Market
Founded in: 1994
Headquarter: Chicago, Illnois, U.S.
Number of Employees: 54,000
Annual Revenue in USD: 74.20 billion (2021)
GE Healthcare, is a subsidiary of American multinational conglomerate and manufacturer of medical diagnostic equipment. GE Healthcare offer products like X-ray, MRI, PET, CT, ECG, bone densitometry, ultrasound machines, incubators, patient monitoring, and respiratory care systems. GE Healthcare provide services like medical equipment technology biopharmaceuticals, drug discovery and solutions for healthcare administrators and clinicians.
Founded in: 1956
Headquarter: Waltham, Massachusetts, U.S.
Number of Employees: 130,000 (2021)
Annual Revenue in USD: 39.21 billion (2021)
Thermo Fisher Scientific Inc., was founded in 1956, which is a public company. Thermo Fisher Scientific is headquartered in Waltham, Massachusetts, U.S. Thermo Fisher Scientific is the American company which supplies scientific instrumentation, software services, reagents and consumables. Thermo Fisher Scientific provides services for manufacturing of diagnostic and pharmaceutical products, drug discovery, research and development, analysis, etc.
Key Highlights:
- In February 2020, Thermo Fisher Scientific Inc., has launched new Ion Torrent CarrierSeq ECS Kit for enhanced carrier screening. Newly launched product will help in extending reproductive health research portfolio which include, tools for new born screening analysis, prenatal, postnatal, in-vitro fertilization, etc.
Founded in: 1949
Headquarter: Dublin, Ireland, Minneapolis, Minnesota, U.S.
Number of Employees: 95,000+ (2022)
Annual Revenue in USD: 30.12 billion (2021)
Medtronic plc., is an American company. Medtronic is medical device company which opeartes in more than 150 countries in the world. Medtronic has four buisness sectors like diabetes group, minimally invasive therapies group, cardiac & vascular group, and restorative therapies group. Medtronic is the developer and manufacturer of therapies and healthcare technologies which helps in treating more than 30 chronic diseases like Parkinson disease, heart disease, diabetes, down syndrome, spinal disorders, urinary incontinence, chronic pain and obesity. Medtronic’s largest business unit is the CRDM (Cardiac Rhythm Disease Management).
Key Highlights:
- In May 2021, Medtronic has launched new ‘SonarMed’ pediatric monitor which alerts clinicians to potential airway obstructions during ventilation and continuously checks for position of neonates & infants, and endotracheal tube obstruction, by providing immediate, and actionable intelligence for clinicians.
Founded in: 1969 (as DMG) and 1984 (as Danaher)
Headquarter: Washington, D.C, U.S.
Number of Employees: 80,000 (2021)
Annual Revenue in USD: 29.45 billion (2021)
Danaher Corporation, is an American company. Danaher is the designer, manufacturer, marketer of industrial, medical, and commercial products and services. Danaher has three platforms like diagnostics, life-sciences, environmental & applied solutions. Danaher is the seller of diagnostic products, instruments like flow cytometry, centrifuges, media analyzers, cell counters, automated liquid handling solutions, environmental monitoring instruments, and air particle counters, etc.
Founded in: 1999
Headquarter: Santa Clara, California, U.S.
Number of Employees: 17,000 (Oct 2021)
Annual Revenue in USD: 6.32 billion (2021)
Agilent Technologies, Inc., is a public company. Agilent Technologies, is an American company. Agilent Technologies, serves clinical routine diagnostic product and analytical laboratories product in market with advanced technology platforms which includes, FISH probes, spectroscopy, bio-reagents, microarrays, automation, mass spectrometry, vacuum technologies, gas & liquid chromatography, immunohistochemistry, target enrichment, etc.
Key Highlights:
- In March 2020, Agilent Technologies, Inc., has launched three new microarrays used for prenatal & postnatal research. Newly launched Agilent GenetiSure Cyto microarrays includes, updated, clinically relevant content from respected databases and provides high resolution detection of, copy neutral loss of heterozygosity and copy number variations, asoociated with neuropsychiatric disorders, congenital anomalies, intellectual disability, and unexplained dysmorphic features in constitutional DNA samples.
Founded in: 1937
Headquarter: Waltham, Massachusetts, U.S.
Number of Employees: 16,000+
Annual Revenue in USD: 5,067.17 million (2021)
PerkinElmer Inc., is a public company. PerkinElmer is an American global corporation. PerkinElmer is focused on business sectors like life science research, diagnostics, environmental & industrial testing, food testing, etc. PerkinElmer offer products like diagnostic testing, lab technologies, analytical instruments, cord blood banking, imaging and informatics.
Founded in: 1952
Headquarter: Hercules, California, U.S.
Number of Employees: 7,900 (2021)
Annual Revenue in USD: 2,922.55 million (2021)
Bio-Rad Laboratories, Inc., is an American company. Bio-Rad Laboratories is the developer and manufacturer of specialized technological products for research, clinical diagnostics, and life science research. Bio-Rad Laboratories product includes, software, instruments, reagents, consumables, and content for areas like gene expression, cell biology, protein quantification, protein purification, drug discovery & manufacture, science education, food safety. The products are used for separation, purification, identification, analyzing & amplifying biological materials like proteins, antibodies, bacteria, cells, and nucleic acids.
Founded in: 1997
Headquarter: Chennai, India
Number of Employees: 1,500+
Trivitron Healthcare Pvt. Ltd., is an Indian based medical technology company. Trivitron Healthcare is the manufacturer and distributor of products like COVID-19 testing kits, ventilators, personal protection products, automated coagulation instrument, coagulometer, color dopplers, aprons, disposable radiation protection gloves, shields & skirt vests, black & white ultrasound machines, etc. Trivitron Healthcare has won the ‘India Medical Device Company of the year’ in April 2022.
Key Highlights:
- In August 2022, Trivitron Healthcare Pvt. Ltd., has launched new CoE (Centre of Excellence), with state of art R&D manufacturing facilities in newborn screening, genomics, metabolomics and molecular diagnostics. In this newly launched facility, IVD CE-approved kits for newborn screening, cancer markers, infectious & non-infectious diseases, based on ELISA, RT-PCR, CLIA, Rapid cards, and clinical chemistry will be manufactured.
Founded in: 1959
Headquarter: California, U.S.
MP Biomedicals LLC., is a global life science company. MP Biomedicals offer diverse portfolio of fine chemicals, life science products, diagnostic products, which ranges from basic research to pharmaceuticals and clinical diagnostics. MP Biomedicals offer solutions in diagnostic assay and reagents, life science research products, and custom manufacturing of chemicals & biochemicals.
Founded in: 2013
Headquarter: Alexandria way, Durham, North Carolina, U.S.
Baebies Inc., is a Durham, North-Carolina based medical diagnostics company. Baebies is the deliverer of products and services used for pediatric testing and newborn screening. Baebies is a developer and commercializes products for enabling early detection of disease and comprehensive diagnosis for adults and children.
Key Highlights:
- In March 2021, Baebies Inc., has reached the significant milestone of 10 million newborn screening tests delivered around the world. Digital microfluidics technology, flexibility, expandability, portable DMF platforms has provided unique benefits to newborn screening, diagnostics, etc.