2014-03-21 17:49:02 - Emerging NIPT Market in Asia Pacific - a new market research report on companiesandmarkets.com
Non-Invasive Prenatal Testing (NIPT) has catapulted the growth in the molecular diagnostics market. In the US, where the test was initially launched, the market is expected to grow at a CAGR of 49% during 2012-2017. This growth can be attributed to several factors, foremost of all being its high acceptance amongst high-risk pregnant mothers.
The tests have a more than 99% sensitivity of detecting Down´s syndrome and completely eliminate the risk associated with invasive prenatal tests like CVS and Amniocentesis, gaining them instant popularity amongst the consumers.
But due to a restrictive potential population base in the US, which is estimated at around 700,000, players based in the region were quick to expand beyond their base and launch the tests in the
EU and selective regions of Asia-Pacific (APAC).
APAC houses almost a third of global population. There are around 1 Million potential patients in the region representing a greater than US$ 1 Billion market. The major market in this region lies in Japan, where the rapidly ageing population has created a huge, untapped potential market for players. China is another major region where two local players; BGI and Berry Genomics are expected to collectively accession around 100,000 tests in 2013 alone.
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