The report is titled as ‘Preterm Birth Diagnostic Test Kits Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the preterm birth diagnostic test kits market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. Preterm birth diagnostic test kits market is expected to grow with a significant rate in the near future.
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Preterm Birth Diagnostic Test Kits Market Dynamics
The global Preterm Birth Diagnostic Test Kits Market witness steady growth, owing to the high adoption of preterm birth diagnostic test kits at a very affordable price, increasing awareness about these test kits, and the elevating cases of preterm birth. also, the efforts to launch novel product lines for diagnostics kits, changes in a sedentary lifestyle, lack of physical activities, and the well-established healthcare infrastructure also boosts the demand for Preterm Birth Diagnostic Test Kits across the globe.
In addition, factors like the availability of cost-effective diagnosis, the rising average age of pregnant women resulting in increasing count of preterm births, and the reduction of unnecessary treatment costs also enhance the demand for these diagnostic kits in the market.
Growing maternal health awareness coupled with the upsurge cases of pre- and post-natal complications further enhances the demand for Preterm Birth Diagnostic Test Kits. High accuracy rates of these tests outcomes early diagnosis of preterm labor, decreasing the unintended neonatal morbidity and mortality. This further diminishes the length of stay of high-risk patients minimizing unnecessary treatment expenditure.
Cumulative demand for improved healthcare infrastructure, expensive treatment costs, and rising global population further aids in fueling the market growth. On the contrary, the expensive cost linked with preterm birth and the long-term cost of these diagnostic kits is expected to hamper the growth of this market during the upcoming years.
Preterm Birth Diagnostic Test Kits Market Overview
The global preterm birth diagnostic test kits market witness slow growth, owing to the expensive treatment cost, elevating count of the global population, upsurge demand for premature rupture of membranes testing and effective diagnosis of preterm births with advanced drug delivery devices.
The growing average age of pregnant women further results in an exponential rise in the count of preterm births. And the developing point-of-care diagnostics also boosts the demand for preterm birth diagnostic kits in the market. According to the March of Dimes, a nonprofit organization focused on improving maternal and infant health, the premature birth rate in the U.S. has increased for the third consecutive year in 2018 and the country is among the worst of developed nations in terms of premature births.
On the other hand, the consolidated nature of the market, accessibility of competitive product lines, and the product recalls and adverse effects of these diagnostic kit hamper the market growth during the forecast years.
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Preterm Birth Diagnostic Test Kits Market Segmentation
Global preterm birth diagnostic test kits market is segmented on the basis of product type, sample type, distribution channel, and by region.
By Product Type:
- fFN Test Kits
- PAMG-1 Test Kits
- IGFBP 1 Test Kits
By Sample Type:
- Blood Sample
- Urine Sample
- Vaginal Discharge
By Distribution Channel:
- Hospitals
- Diagnostic Laboratories
- Outpatient Clinics
- Research Centers
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Preterm Birth Diagnostic Test Kits Market Key Players
Key players operating in the global preterm birth diagnostic test kits market include BIOSERV Diagnostics GmbH, Clinical Innovations, LLC, CooperSurgical Inc., Creative Diagnostics, Hologic, Inc., IQ Products, Medixbiochemica, Nanjing Liming Biological Preparations Co., Ltd., Qiagen Sciences, LLC, and Sera Prognostics.
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