The global fluorescein angiography market size is expected to reach USD 617.4 million by the end of 2027, expanding at a CAGR of 2.7%, according to a new report by Grand View Research, Inc. Increasing prevalence of ophthalmic conditions such as macular degeneration and diabetic retinopathy and rapid technological advancements are some of the high impact-rendering market drivers. However, the growing preference for safer and faster alternatives such as OCT and fundus autofluorescence is anticipated to impede market growth during the forecast period.
End-users such as hospitals and imaging centers in the country are effectively adopting AI-based fundus cameras for detecting various blindness-causing diseases. For instance, in January 2019, Deqing County hospital in Guangdong Province conducted a free consultation by featuring an AI camera codeveloped by Sun Yat-sen University and Baidu-a multinational technology company in China that offers services, including a search engine platform-to detect ocular fundus diseases. This AI fundus camera is capable of diagnosing glaucoma, diabetic retinopathy, and macular degeneration.
Despite preference of its alternatives, fluorescein angiography is often used as confirmatory test for a wide range of ophthalmic conditions. The technique provides accurate and high quality pictures which help in selecting efficient treatment regimen. In addition, the demand for tradition fluorescein angiography systems is still high in developing countries. This can be attributed to affordability and product availability.
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The current ophthalmology market is majorly driven by age and lifestyle-related diseases such as cataract, macular degeneration, glaucoma, and diabetic retinopathy. The increasing prevalence of eye-related disorders coupled with the rising geriatric population is expected to drive the fluorescein angiography market over the forecast period. Macular degeneration is a major cause of the eye-related disorder, often associated with aging, and results in damage of central and sharp vision.
Globally, macular degeneration is a leading cause of blindness and can be accounted for almost 50.0% of visual impairment. Furthermore, the increasing burden of glaucoma around the world is driving the market. According to the Glaucoma Research Foundation, glaucoma is the second leading cause of blindness in the world after cataract.
Approximately 8.4 million people were suffering from blindness due to glaucoma in 2010 and this number is expected to reach 11.1 million by 2020, globally. People with glaucoma living in developing countries are particularly at a higher risk of it, progressing to blindness. According to the American Academy of Ophthalmology, the number of people living with glaucoma is expected to be 111 million by 2040, with Africa and Asia leading the rest of the world.
The device segment held a dominant revenue share of 66.1% in the market fluorescein angiography in 2019. Higher specificity and lower false-positive rates of fluorescein angiography (FA) system compared to optical coherence tomography (OCT), especially in the diagnosis of Wet Age-Related Macular Degeneration (wAMD) are factors expected to drive the segment. These devices also find application in monitoring the effectiveness of selected treatment methods, such as Anti-Vascular Endothelial Growth Factor (VEGF) in wAMD.
The frequent launch of integrated devices that can perform multiple ophthalmic tests within one system is expected to drive the market for fluorescein angiography. For instance, in August 2019, NIDEK announced the launch of multimodal ophthalmic technology-Mirante, which can perform fluorescein angiography, OCT, indocyanine green angiography, and capture high-quality retinal images in a single device by switching modes. These technologies have advantages such as increasing the diagnostic capabilities of physicians and saving floor space and cost.
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The global allergy immunotherapy market size is expected to reach USD 3.1 billion by 2027 registering a CAGR of 9.0%, according to a new report by Grand View Research, Inc. Rising prevalence of allergic conditions is expected to boost the market growth. According to the statistics published by the American Academy of Allergy, Asthma & Immunology (AAAAI), global prevalence of allergic rhinitis ranges from 10% to 30%. The disease affects 7.8% of the adult population in U.S. alone.
Technological advancements in the field of bioengineering and immunology have improved the composition of allergy shots given to patients for boosting the immune system. In addition, efforts to overcome the problems associated with safety, efficacy, standardization, costs, and long duration of immunotherapy is also expected to propel the market growth in the coming years. Europe occupied the largest market share in 2019 and will retain its leading position during the forecast period. However, Asia Pacific is estimated to be the fastest-growing regional market from 2020 to 2027.
As stated by Canadian Allergy, Asthma, and Immunology Foundation, allergic rhinitis affects nearly 20 to 25% of the Canadian population. In addition, 50% of the affected people cannot be treated using conventional symptomatic medications. Therefore, key companies are focused on the development of innovative immunotherapy products. For instance, ALK submitted an application to the Canadian regulatory body for filing of its investigational tree SLIT-tablet in 2019.
Other companies are also involved in extensive R&D for the production of immunotherapy solutions against food allergens. For instance, Aimmune Therapeutics is developing an investigational biologic immunotherapy drug, AR101, for peanut allergy. The product has been tested on more than 1,000 participants in clinical trials. In addition, the FDA is reviewing the product at present and has accepted Biologics License Application (BLA) for the same in 2019.
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Moreover, a strong pipeline of immunotherapy products for treatment is expected to provide growth avenues to companies in the coming years. Researchers have tested sublingual immunotherapy for a variety of food allergies, including milk, peanut, kiwi, and peach allergies. The studies suggest that the treatment is beneficial when the patient takes medication on a regular basis. However, the effect of therapy after the completion of treatment is yet to be determined.
Subcutaneous Immunotherapy (SCIT) segment occupied the largest share with a revenue of 1.1 billion in 2019 as SCIT is the most effective and most commonly used form of allergy immunotherapy. The therapy is effective in the treatment of allergic rhinitis, asthma, and stinging insect hypersensitivity. Moreover, SCIT has been effective in the management of more than one type of allergen. Therefore, the adoption of SCIT is higher than SLIT.
Sublingual Immunotherapy (SLIT) segment is expected to register the fastest CAGR during the forecast period. SLIT is expected to become a vital alternative for patients who cannot receive allergy shots. Currently, there are a few FDA-approved SLIT tablets in the U.S., including Odactra, Grazax, Oralair, and Ragwitek. It is expected that liquid formulation would also be approved for therapeutic use in the U.S. in the future. This would enhance the growth of the SLIT segment in the country.
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The global bedroom furniture market size is anticipated to reach USD 313.6 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% from 2020 to 2027. Higher living standards and increasing consumer income have enabled household consumers to replace their furniture more frequently. In addition, growing trend of mini-housing boom is leading to higher construction of residential households, thereby resulting in increased demand for bedroom furniture.
Rising penetration of housing boom across countries is helping boost growth of the real estate sector, thereby flourishing growth of the home furnishing products, including bedroom furniture. According to STORIS, Inc., there is room for short term boom in housing construction to levels of 1.35 million units per year. This scenario is paving the way for higher investment in home décor and furniture, including bedroom furniture products. Moreover, as of 2019, it was stated by the International Monetary Fund that the global housing market has been steadily climbing up. According to Trading Economics, housing index in the European Union has been witnessing continuous uptrend since 2014 and is expected to remain so in the near future. This shows the growing demand as well as willingness to pay price for residences among consumers. Moving in new residences, along with the prominent trend of complimenting bedroom furnishing, is expected to drive the market.
Furthermore, rising instances of home improvement projects owing to high adoption of luxury living standards have risen the demand for improving bedroom furniture products, thereby revamping demand for these furniture. As per the blogs published by Forbes, in July 2019, 80% of 137 million homes in U.S. are 20 years old, while 40% are 50 years old. Consumers are spending on furniture to revamp interiors of their houses.
In terms of product, beds held a dominant share in the market in 2019. Growth of residential housing in developing nations is boosting the growth of beds and bedroom furniture products. Growing support by the government of developing countries, such as India, on housing loan and reconstruction loan is ramping up the sales of household furniture, thereby boosting the application of bedroom furniture.
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Offline channel emerged the largest distribution channel segment with a revenue-based share of 72.5% in 2019. These stores help consumers to visualize their home and setting of furniture as a result of the home environment created in the store. These stores are easily accessible to the customers and they offer a wide variety of products. Strong localized positioning and increased focus on customer needs and experience are the major factors expected to foster the growth of this distribution channel segment.
Asia Pacific held the largest revenue share of 38.7% in 2019. Rising construction in the residential sector is helping boost the demand for various bedroom furniture products. According to Asia Construction Outlook, in 2015, the infrastructure sector accounted for 37% of the total construction spending in the region, in which 34% of infrastructure projects were residential projects. Significant rise in residential projects is projected to propel the demand for bedroom furniture in the foreseeable future.
Increased attention towards gaining trending bedroom styles has influenced major bedroom renovation projects inducing minimalist appeal for the serene and calming environment of bedrooms with functional furniture. For instance, the Culla Collection by Article, a Canada-based furniture company, offers a single drawer nightstand, bed frame, and three drawer dresser, which is made from veneered American white oak. In addition, rising adoption of four-poster beds as a need to accommodate bigger mattresses is gaining traction in the market. These modern four-poster beds also feature a clean and simple style, which stands out without overwhelming the space.
According to the American Housing Survey by the Harvard Joint Center for Housing Studies, the home improvement industry size was valued at USD 383.3 billion in 2017. Moreover, increasing wave of millennials buying homes, particularly older homes, which require more refurbishment, is boosting the market growth. According to studies by HomeAdvisor, millennials are investing in greater number of home improvement projects each year compared to other age groups.
Increased splurge on real estate investment is helping drive the furniture industry, thereby increasing demand for bedroom furniture. According to the Global Real Estate report published by HSBC, real estate was valued at USD 228 trillion in 2016, which grew by 5% from 2015. Growing need for new houses as a result of growing population across regions is also expected to boost market growth.
According to the National Association of Home Builders (NAHB), the number of single-family permits in the U.S. has increased by 8.4% in 2018. Thus, rising developments in the residential household category are expected to drive the need for residential furniture, thereby resulting in the rise in the demand for bedroom furniture.
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The global active insulation market size is expected to reach USD 401.9 million by 2027, expanding at a revenue-based CAGR of 5.9%, according to a new report by Grand View Research, Inc. Rising demand for insulation products to maintain the inner temperature in building structures is anticipated to drive the market over the forecast period. Moreover, increasing re-insulation activities under-insulated houses to save energy are further expected to support the growth.
The growing popularity of outdoor activities such as cycling, sports, workouts, and yoga are likely to ascend the demand for activewear and sportswear. This, in turn, is projected to support the market. Commercial availability of active insulating products coupled with their benefits including resistance to shrinking, stretching, and quick-drying are expected to aid the growth.
Increasing energy costs and growing consumer awareness regarding the economic benefits of building insulation are expected to have a positive impact on the market. Utilization of building insulation products such as glass wool and mineral wool is likely to accelerate in the estimated time owing to their benefits including easy installation, fireproof, and recyclable property.
Europe appeared as the largest regional segment with a share of 33.2% of the total market volume share in 2019. Favorable government regulations supporting the use of active insulation in building structures have benefitted the market in Europe. Increasing the production of sportswear and activewear in countries like China and India are likely to aid the market in the Asia Pacific.
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Factors such as easy installation and enhanced insulation are anticipated to propel the active insulation products market demand over the forecast period. Increasing consumer spending on performance clothing, especially for active and sportswear is likely to contribute to product penetration for textile applications. Moreover, shifting consumer focus towards health, fitness and outdoor activities have supported the demand for activewear and sportswear.
The market in the U.S. is anticipated to witness an upward trend owing to the wide utilization of insulating materials in the textile and apparel industry. Prominent textile manufacturers present in the country are investing heavily in R&D and advancements for introducing thermal management and enhanced breathability in activewear and sportswear.
Factors such as escalating income levels, rapid urbanization, and increasing industrial output in emerging markets of Asia Pacific have driven the need for better infrastructure. Increasing construction spending in the region coupled with government initiatives to reduce greenhouse gas emissions is expected to drive active insulation demand.
Increasing insulation demand in residential and commercial applications on account of rising energy costs and growing importance for energy conservation is expected to drive the demand for thermal insulation materials. Government initiatives for promoting energy efficiency and sustainable development of textile and construction materials are expected to play a key role in steering active insulation material demand over the forecast period.
Prominent players in the market have adopted sustainable solutions keeping in mind the long-term benefits and procurement of high-quality raw materials. Furthermore, these players are also focusing on the conversion of materials into active insulation solutions by using technologies such as fiber knitting.
Polyester emerged as the largest product segment for textile applications and accounted for the revenue share of 41.9% in 2019. Product properties such as quick-drying and resistance against stretching and shrinking are likely to drive demand for polyester in textile applications. Moreover, high performance, optimal skin compatibility, and low prices are also expected to support product demand over the forecast period.
Expanded polystyrene (EPS) is likely to be the fastest-growing segment in building and construction applications. The EPS insulation products are expected to gain traction in construction activities in Europe, North America, and Central and South America owing to their high thermal insulation properties, lightweight, and easy installation in building structures.
Glass wool active insulation product segment accounted for more than 31% of the market volume of building and construction applications in 2019. High demand for the product on account of its ability to control the temperature fluctuations and reduce energy consumption is anticipated to boost its penetration in construction applications, specifically in China, India, and Germany.
The usage of wool insulation material in textile applications is expected to grow at a significant rate owing to its wide applications in apparel manufacturing. Lightweight and superior thermal insulation offered by the product are projected to aid the market for textile manufacturing applications in the estimated period.
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The global coiled tubing market size is expected to reach USD 4.72 billion by 2027, expanding at a CAGR of 4.8% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to grow on account of the increasing need to maximize oil and gas output from existing oil and gas wells. Rising demand for primary energy for transportation, power generation, and household activities has resulted in increased consumption of oil and gas in major economies. As a result, there are increasing investments in exploration and production activities in unconventional oil and gas reserves.
Coiled Tubing (CT) plays a significant role in enabling upstream oil and gas players to produce oil in a cost-effective way. It can be used on live wells as the product can be inserted into the well while the oil and gas production is ongoing. Moreover, there are a number of well intervention operations such as well completion and well cleaning that can be performed in a cost-effective manner through the utilization of coiled tubing. It can endure greater tensile and compressive forces when perforating highly deviated and horizontal wells.
North America was the largest regional market for coiled tubing in 2019. The region is predicted to maintain its dominance in the forthcoming years. A significant boost in the production of tight oil particularly in the U.S has resulted in a significant rise in demand for coiled tubing. Canada is yet another prominent regional market, as there are a number of deviated wells in the country, for which CT is largely used for well intervention and drilling services.
The top three players in the global coiled tubing market include Halliburton, Baker Hughes Company, and Schlumberger Limited. These companies gain a competitive edge in the oilfield service market, as the oil and gas exploration and production companies are aiming to minimize the cost of production through innovative technologies like coiled tubing.
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The U.S. represents one of the largest markets for coiled tubing. A steady increase in the capital expenditure for exploration, development, and production of tight oil has played a key role in driving the regional market growth. The production of tight oil in the U.S. has ramped up significantly over the past few years and is projected to reach its peak by 2027.
Coiled tubing finds extensive applications in upstream oil and gas activities such as drilling, well completion, well cleaning, and other activities. Moreover, it is a cost-effective technology and is largely preferred for horizontal and highly deviated wells.
A recent trend indicates oil and gas producers focusing on minimizing the cost of oil production to sustain their profits. As result, the demand for CT has witnessed an upward trend over the last few years. The technology enables faster retrievability and deployment while allowing continuous circulation of fluids. Moreover, it requires fewer service personnel and is highly compact and mobile.
The well intervention service segment dominated the coiled tubing market in 2019 with a revenue share of 66.5%. According to OWI 2019, the leading well-intervention conference, the global oil & gas industry is currently focused on maintaining and/or boosting production from existing oil reserves. Therefore coiled tubing units are increasingly deployed for well intervention services.
CT drilling is predicted to garner a significant CAGR of 4.6% from 2020 to 2027 owing to the significant advantages offered by the product. CT allows for better under-balanced drilling, a higher speed of operation, improved safety, and has a lower environmental impact. It can also be combined with directional drilling in order to enable oil production from non-vertical wells.
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A new report by Grand View Research, Inc. shows that by 2027, the global market for entry point water treatment systems is expected to reach 10.8 billion U.S. dollars, with a compound annual growth rate of 4.1%. The growing world population raises public health awareness and increases water pollution. The areas where freshwater resources are limited or unavailable depend on the groundwater level, including wells or underground sediments. However, water drawn from any source must be purified before drinking to avoid infections such as cholera and Giardiasis, which are expected to drive the market during the forecast period. Many manufacturers are shifting their focus to drive and system development. It can work without continuous power supply so that these units can be used in remote areas.
The market is dominated by global multinational companies, mainly in North America and Europe. Technically, the reverse osmosis (RO) segment accounted for 17% of the market share in 2019, thanks to easy installation and maintenance. Related to the filtering process. Due to the increasing adoption of this technology in homes, workplaces and institutions, the filtration technology segment is expected to occupy an important market share. During the forecast period, increased demand for RO and disinfection may drive substantial growth. In the Asia-Pacific region, the market is expected to reach US$4.3 billion by 2027. This is due to the increasing adoption of technology in various industries, including mining, oil and gas, power generation, and pulp and paper. It is expected that the growth of the above-mentioned industries in developing countries such as China, India and Singapore will promote the development of the market in this region. Major manufacturers are revamping the water treatment system design at the entrance to improve its availability and optimize water penetration. product. Companies trying to gain a foothold in the market must compete with existing multinational companies, including 3M, Dow Chemical, GE, BWT AG, Culligan International, and Honeywell International.
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The U.S. is one of the leading markets for point of entry water treatment systems on account of its advanced processing capabilities and highly developed technology industries. The United States Environmental Protection Agency (EPA) has been implementing numerous regulations aimed at ensuring water treatment services at the manufacturing and municipal level.
The systems are designed to provide low cost, hygiene, and environmental protection while providing additional benefits. Key raw equipment used in point of entry water treatment systems manufacturing is a membrane, filters, pumps, valves, tanks, automation systems, and many more.
The products are generally priced greater than the competing point of use systems, on account of the use of advanced raw materials and their technological complexity. Increasing health awareness, particularly in the developed regions including Europe and North America, and some parts of Asia Pacific, are anticipated to propel the market for point of entry water treatment systems over the forecast period.
The market for point of entry water treatment systems benefits from the number of regulations enacted by the regulatory authorities across Europe and North America. The consumers in the market for point of entry systems are highly sensitive regarding the installation cost of the systems. As a result, the companies are involved in offering discounts and price reductions in a bid to attract consumers.
Based on technology, the point of entry water treatment systems market is segmented into reverse osmosis, disinfection, distillation, filtration, water softeners, and others. The reverse osmosis (RO) systems technology segment accounted for 17.1% of market share, in terms of revenue, in 2019, on account of its large-scale adoption coupled with the ease in installation and maintenance.
RO systems are anticipated to witness a slowdown throughout the forecast period, on account of new products and combination technologies introduced in the market for point of entry water treatment systems during the past few years, for instance, RO + UV systems. Increasing adoption of alternatives technologies offers numerous advantages including enhanced features as well as better efficiency.
The water softeners segment accounted for USD 1.3 billion in 2019 and is projected to be the third-largest technology segment during the forecast period. This is attributed to the rising demand for water softening processes i.e. elimination of magnesium, calcium, and another material from the hard water is expected to witness substantial growth.
The filtration technology segment is expected to account for a significant market share owing to the high adoption of filters in workplaces, residences, and institutions. Demand for disinfection and RO is expected to show substantial growth in the coming years on account of their higher effectiveness in order to remove minerals and contaminants.
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The U.S. skilled nursing facility market size is expected to reach USD 276.8 billion by 2026, according to a new report by Grand View Research, Inc., registering a 5.8% CAGR over the forecast period. The growing aging population with increasing care needs and rising prevalence of chronic diseases in the country will propel the need for skilled nursing facilities (SNFs). In addition, lower costs of SNF as compared to hospitals will drive the market. SNFs cover numerous aspects such as therapy, mental health services, special dietary needs, hygiene items, recreational activities, and housekeeping.
A favorable reimbursement scenario is a crucial factor propelling market growth in the country. For instance, Medicare Part A covers skilled nursing care services in essential conditions for a reduced time period. Medicare-covered services include physical therapy, occupational therapy, medical social services, medications, dietary counselling, skilled nursing care, semi-private room, meals, and ambulance transportation.
Competition in the market is very high, with major participants being Brookdale Senior Living Solutions; Genesis HealthCare; and The Ensign Group, Inc. Typical barriers in the industry for new entrants include strict regulations and licensing hassles. Furthermore, rise in the costs of utilities, food, real estate taxes, and insurance could negatively affect the market.
Strategic initiatives undertaken by various market players are also expected to help maintain its growth in the following years. For instance, in May 2019, the Ensign Group, Inc. acquired 4 skilled nursing facilities in California - The Hills Post Acute (172 skilled nursing beds), Villa Maria Post Acute (78 beds), St. Elizabeth Healthcare and Rehabilitation (59 beds), and Mainplace Post-Acute (163 beds).
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According to the Medicare Payment Policy, in 2017, almost 1.6 million fee-for-service (FFS) beneficiaries used SNF services at least once. Therefore, the availability of reimbursement and favorable investment returns are boosting the growth of the market. More than 90% of SNFs are dually certified and Medicare covers 100 days of SNF care after an inpatient hospital stay of at least three days.
Skilled nursing facilities are inpatient healthcare facilities in need of nursing, rehabilitation, and related services but do not require hospitalization. Most SNFs are dually certified as SNFs and nursing homes. According to the Medicare Payment Policy, in 2017, Medicare fee-for-service (FFS) spending on skilled nursing facility services was USD 28.4 billion.
Reimbursement rate pressures or the introduction of new payment systems are also impacting the market. According to PharMerica Corporation, in October 2019, the Centers for Medicare & Medicaid Services (CMS) implemented the Patient-Driven Payment Model (PDPM), a new system for categorizing SNF patients in a Medicare Part A stay. This new system is anticipated to decrease the emphasis on the volume of services and administrative burdens.
Based on type, the U.S. skilled nursing facility(SNFs) market has been segmented into freestanding and hospital. Freestanding accounted for the dominant share in the market in 2018 and estimated to register the fastest growth through 2026. Freestanding SNFs offer 24-hour skilled nursing and personal care and are more affordable compared to hospital-based facilities. Also, increased Medicare payments will boost the market growth. According to MedPAC Medicare Payment Policy, in 2017, the average Medicare margin for freestanding SNFs was 11.2%. According to California Hospital Association, Centers for Medicare & Medicaid Services (CMS) issued a new payment system to be effective from October 2020, with Medicare payments to SNFs to increase by 2.4% i.e. USD 85 million.
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The global dried blood spot collection cards market size is expected to reach USD 337.3 million by the year 2026, expanding at a CAGR of 3.5%, according to a new report by Grand View Research, Inc. Key drivers of the market include an increase in the use of dried blood spot (DBS) cards in newborn screening and for serological diagnostics of infectious and autoimmune diseases, among other applications.
The use of DBS cards in newborn screening is expected to boost market growth during the forecast period. According to NIH, it is estimated that around 4 million infants were screened in the U.S. in 2017. Additionally, data from the CDC indicates that about 12,500 infants were diagnosed with congenital diseases that were detected through newborn screening tests. This states that almost 1 out of every 300 infants screened were eventually diagnosed with one of the congenital diseases. Therefore, increasing awareness has facilitated a rise in demand for DBS cards for the detection of congenital diseases in infants which is anticipated to fuel the market growth during the forecast period.
The usage of DBS for serological diagnostics of infectious or autoimmune diseases is also anticipated to fuel the market growth during the forecast period. DBS offers a cost-effective solution for diagnosis of infectious diseases as these collection cards can be easily collected, transported and preserved in settings with minimal infrastructural facilities. Global health settings, especially in the rural areas, lack the necessary infrastructure for quality assured venipuncture sparks significant interest in the usage of DBS cards for diagnosis of infectious or autoimmune diseases.
Various initiatives and strategic collaborations are expected to further drive dried blood spot collection cardsmarket growth. For instance, in February 2019, Health PEI announced the launch of its first blood spot testing clinic for hepatitis C and HIV. In the recent past, Health PEI partnered with PEERS Alliance in order to offer new hepatitis C clinics. Also, in July 2017, AIDS PEI announced the launch of free hepatitis C tests on World Hepatitis Day. Public Health England offers a national dried blood spot testing service for newborns born to hepatitis B-positive mothers. This service provided by PHE is free and has been specially designed to improve the coverage of follow up testing for newborns of hepatitis B positive mothers. Similarly, in October 2019, World Anti-Doping Agency signed an agreement with 7 anti-doping agencies that include the U.S. Anti-Doping Agency (USADA) to explore the viability of DBS testing as part of its anti-doping tool kit. The objective of this project was to develop guidelines for the transport, collection, storage, and analysis of DBS. This method will be implemented at the 2020 Tokyo Summer Olympics. The usage of DBS in these settings offer several advantages such as; the presence of a phlebotomist to administer the test and the samples do not require a temperature-controlled environment. These are less invasive and are simpler than intravenous blood testing. Thus, the rise in government initiatives to enhance the usage of DBS is witnessed to propel market growth during the forecast period.
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In August 2017, PerkinElmer launched PerkinElmer Genetics' clinical genomics services. Whole exome sequencing and whole-genome sequencing were offered in all their laboratories across India, U.S., and China. PerkinElmer’s genome lab testing platform offers diagnostic testing and screening, newborn screening using dried blood spot cards and generation sequencing of rare inherited diseases. Therefore, the increase in strategic initiatives undertaken by major market players is expected to increase the demand and usage of DBS cards for newborn screening during the forecast period.
NBS is vital for the diagnosis of congenital diseases in infants. For instance, in November 2018, the Wolf Administration and the government of Pennsylvania emphasized on the importance of NBS programs, thus, establishing these tests as mandatory, since they provide early diagnosis of serious disorders such as phenylketonuria, sickle cell anemia, maple syrup urine disease (MSUD), congenital hypothyroidism, classic galactosemia, congenital adrenal hyperplasia, glycogen storage disease type II (Pompe Disease), classic galactosemia, mucopolysaccharidosis type 1 and X-linked Adrenoleukodystrophy.
An increase in the usage of DBS for serological diagnostics of infectious or autoimmune diseases is expected to fuel dried blood spot collection cards market growth. According to the WHO, it was estimated that around 37.9 million individuals were diagnosed with HIV globally in 2018. Additional data from the same source states that approximately 770,000 HIV related deaths were recorded globally in 2018.
The use of DBS provides early & effective diagnosis, facilitates the easy collection, storage, and also proves to be a highly convenient alternative to plasma-based testing in settings with a limited laboratory capacity. Various nations have implemented the usage of dried blood spot testing for HIV, for instance, the New South Wales Ministry of Health in 2016 announced the launch of the DBS HIV Testing Project to improve access to HIV testing. The NSW HIV Strategy 2016-2020 aims at eliminating HIV by 2020 with the incorporation of DBS technology.
Risk of contamination, dependence on adequate sampling, the influence of spotted volume, and spot inhomogeneity imposes a complicated clinical validation and analytical procedure thus restraining market growth in the forecast period.
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