The global non-invasive prenatal testing market is estimated to reach USD 7.3 billion by 2024 from USD 3.9 billion in 2019, at a CAGR of 13.5% during the forecast period. Growth in this market is driven by the high risk of chromosomal abnormalities with increasing maternal age, growing preference for non-invasive techniques over invasive methods, improving reimbursement scenario for NIPT, and increasing awareness of NIPT.

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Key Market Players:

The non-invasive prenatal testing market is highly consolidated in nature with several big and emerging players. Illumina, Inc. (US), Thermo Fisher Scientific Inc. (US), GE Healthcare (US), BGI (China), Agilent Technologies, Inc. (US), F. Hoffmann-La Roche Ltd. (Switzerland), PerkinElmer Inc. (US), Laboratory Corporation of America Holdings (US), Natera, Inc. (US), and Yourgene Health (UK) are some of the key players in the market. These players have adopted various growth strategies, such as new product & service launches & upgrades; expansions; acquisitions; and partnerships, agreements, & collaborations to further expand their presence in the global market. 

Illumina, Inc. (US)

Illumina is one of the major players in the non-invasive prenatal testing market. The company offers a range of highly interconnected products related to sequencing, genotyping, gene expression, and molecular diagnostics. It also offers whole-genome sequencing, genotyping, NIPT, and support services which further strengthen its market position.

Over the past three years, Illumina has launched several products to sustain its leading position in the NIPT market. For this purpose, the company has invested a significant amount of its revenue on R&D expenditure. Illumina invested 18.6% of its revenue on R&D. In January 2019, Illumina expanded its NIPT platform portfolio with the launch of its VeriSeq NIPT Solution v2.

Thermo Fisher Scientific, Inc. (US)

Thermo Fisher Scientific is one of the key players in the NIPT market. It offers an extensive range of products, including analytical instruments, reagents & consumables, software, and services for research, analysis, discovery, and diagnostics. In addition to a robust product portfolio, Thermo Fisher Scientific also has a substantial geographical presence. The firm adopts various organic and inorganic strategies in order to retain its position in the market. In line with this, in March 2016, Thermo Fisher Scientific acquired Affymetrix, Inc. (US), a leading provider of life science & molecular diagnostic products for USD 1.3 billion. This acquisition enabled the company to strengthen its bioscience & genetic analysis capabilities.

GE Healthcare (US)

GE Healthcare held the third leading position in the global NIPT market in 2018. The company has a broad product portfolio for ultrasound devices. Besides this, it also has a strong geographical presence across 180 countries and a wide customer base in emerging economies. GE Healthcare focuses on product launches by developing technologically advanced ultrasound systems and software for prenatal examination. The company also focuses on inorganic strategies such as agreements, partnerships, and collaborations to ensure continuous growth in the global NIPT market.

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𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 :

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Non-invasive prenatal testing market analysis to identify the prevailing Non-invasive prenatal testing market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the Non-invasive prenatal testing market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global Non-invasive prenatal testing market trends, key players, market segments, application areas, and market growth strategies.

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