The introduction of NIPT tests in a highly underpenetrated market, representing more than 4 Million high risk pregnancies, has created an unprecedented demand for these tests in India, says RNCOS.
Noida, UP -- (SBWIRE) -- 12/08/2014 -- According to a new research report by RNCOS entitled, "Asia Pacific NIPT Market Outlook 2018", India represents a market with encouraging possibilities for growth. In an otherwise weakening market of medical devices, NIPT has emerged as a niche sector with immense growth forecasts.
The trend of pregnancies has witnessed a radical change in India in terms of the age of conceiving. Earlier, the age group for pregnancy used to be 25 to 30 years. However, a large chunk of people these days get married after 26. This has increased the age of pregnancies to 28 to 35 years, going as high and above 35 years too. Better diagnostics and various socio-cultural factors have as well as certain maturity in women has led to this trend being more visible, especially in the metro cities, where many women are independent and prioritize their careers.
According to RNCOS estimates, around 8.35 Million women aged above 30 gave birth in 2013. These women represent the potential customer base which is likely to buy a NIPT test to assure themselves about the normalcy of the genetic status of their fetus. Of these, 4.2 Million women fall under the high risk group of 35 years and above. These women represent the consumers that are most likely to buy a NIPT test during pregnancy. Owing to the aforementioned represented numbers and factors, the market for NIPT tests in India is likely to witness healthy growth in the coming 5 years.
The report provides an in-depth analysis of the current market scenario and expected outlook by 2018. Regions covered in the report include Australia, India, Japan and China. Each region's data coverage include the number of births, analysis of the potential patient population that will form the customer base for NIPT tests, potential market, market size, forecasts, competitive landscape and regulatory scenario. The report is an outcome of the in-depth analysis of insights generated through interviews with industry leaders and regulatory experts. All the data has been collated through various sources to present the most authentic and impartial picture. It is a must buy for any player that wishes to enter the highly lucrative APAC NIPT market.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.