Preeclampsia Diagnostics Market Size worth USD 1.24 Billion
The global preeclampsia diagnostics market size was valued at USD 1.03 billion in 2021 and reached USD 1.07 billion in 2022. The market is expected to reach USD 1.24 billion by 2029, exhibiting a CAGR of 2.2% during the forecast period. The rising prevalence of preeclampsia and increasing technological advancements in diagnostics procedures are expected to foster industry growth. Fortune Business Insights™ presents this information in its report titled “Preeclampsia Diagnostics Market, 2022-2029.”
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Drivers and Restraints
Development of Innovative Preeclampsia
Diagnostic Procedures to Propel Market Progress
Preeclampsia diagnostics are a
set of diagnostic procedures designed to protect mothers and infants from
preeclampsia disorders. The development of innovative preeclampsia diagnostic
procedure is expected to enhance the adoption of the diagnostic procedure. The
rising prevalence of the disorder in pregnant women across the globe is
expected to enhance the diagnostics’ adoption. For example, as per the NCBI’s
research published in July 2021, preeclampsia occurrence in France reached 8.5%
among pregnant women. These factors may drive the preeclampsia diagnostics
market growth.
However, lack of awareness
regarding preeclampsia is expected to hinder the industry’s growth.
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long-term impact of COVID-19 on this market.
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COVID-19 Impact
Robust Demand from Healthcare Sector
Fostered Market Progress
This market was positively
impacted during the pandemic due to the rising demand for preeclampsia
diagnostics procedures from the healthcare sector. The increasing cases of
preeclampsia led to the procedure's rapid adoption. Further, government
guidelines such as amendments encouraging the adoption of such procedures are
expected to enhance the demand for the product. Moreover, market players
experienced a huge spike in revenues due to the procedure’s extensive adoption.
For example, PerkinElmer Inc. experienced massive growth of 31.2% during 2020,
reaching USD 3,782.8 million. These factors influenced the industry growth
during the pandemic.
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