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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Top Key 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.
Partnerships, agreements, and collaborations have been the key growth strategies adopted by players from 2016 to 2018. Some of the leading players who adopted these strategies include PerkinElmer (US), Premaitha Health plc (UK), Natera, Inc. (US), Illumina, Inc. (US), and Thermo Fisher Scientific (US).
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.
The company also focuses on inorganic strategies with leading players in the market to co-develop advanced technologies and strengthen its research commercialization capabilities. Illumina is expected to grow at a high rate in the NIPT market during the forecast period, owing to its strong product portfolio, product innovation capabilities, and wide geographic presence.
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.
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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