Preterm Birth And Prom Testing is Estimated to Witness High Growth Owing to Growing Awareness

Preterm birth and PROM testing involves monitoring complications and conditions such as premature rupture of membranes (PROM) and premature birth. Prom testing analyzes fluid collected from a woman's vagina to determine if her water broke too early. It helps detect rupture of fetal membranes prior to 37 weeks of gestation and confirms preterm labor risks.

The global preterm birth and PROM testing market is valued at US$ 1.69 Bn in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Growing awareness about adverse health impacts of preterm birth and availability of innovative testing solutions are anticipated to drive growth of the preterm birth and PROM testing market over the forecast period. Technological advancements in diagnostic procedures have led to development of accurate testing kits which analyze biomarkers and infection-related indicators. This has increased screening rates significantly. Additionally, rising maternal healthcare expenditure and government initiatives promoting prenatal care are also contributing factors. However, high infrastructural and equipment costs associated with such tests may hamper market growth during the assessment period.

SWOT Analysis
Strength: The preterm birth and prom testing market has strong growth potential owing to rising preterm birth rates globally. Growing awareness about preterm birth complications is driving more women to opt for prom testing. Many governments are also promoting early screening to reduce health risks to mothers and newborns.
Weakness: Lack of developed medical infrastructure and screening facilities in developing nations limits the access to prom testing. High cost of treatment and tests acts as a deterrent for many patients.
Opportunity: Untapped growth opportunities exist in developing markets of Asia Pacific and Middle East & Africa. Launch of advanced testing technologies with higher accuracy can widen the customer base.
Threats: Stringent regulatory processes for product approval can delay market access. Emergence of alternative treatment methods poses threat to testing product adoption.

Key Takeaways:
The Global Preterm Birth And Prom Testing Market Size is expected to witness high growth. Rising birth rates in developing nations and improving medical infrastructure will drive the demand for preterm birth screening and management. Asia Pacific region is expected to provide lucrative opportunities owing to growing patient pool and rapid economic development in major countries.

North America dominated the global market in 2023 owing to robust healthcare infrastructure and increasing medical awareness among population. Early adoption of innovative technologies and presence of key market players in the region has further boosted market revenues. Asia Pacific is projected to witness fastest growth during the forecast period credited to rising medical tourism, growing per capita incomes and government support for modern healthcare practices.

Key players operating in the preterm birth and prom testing market are Huawei Technologies Co., Ltd., ZTE Corporation, Nokia Corporation, ADTRAN, Inc., Calix, Inc., Cisco Systems, Inc., Ericsson AB, FiberHome Technologies Group, Fujitsu Ltd., NEC Corporation, Sumitomo Electric Industries, Ltd., Dasan Zhone Solutions, Inc., Iskratel d.o.o., and Mitsubishi Electric Corporation, Tellabs, Inc. Manufacturers are focusing on geographical expansion and new product launches catering to rising testing needs.

 

Get more insights on this topic:
https://www.rapidwebwire.com/preterm-birth-and-prom-testing-market-share-analysis/