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Declining Fertility Rate is a key Challenge to the Prenatal Testing Market in US:TechNavio Report
• Prenatal Testing Market in the US to grow at 5.43 percent CAGR during 2014-2018
The declining fertility rate and related drop in number of pregnancies is leading to a marked reduction in the demand for prenatal testing. Additionally, the risks related to invasive diagnostic procedures are also discouraging expectant mothers from undergoing these procedures.
”The US fertility rate fell from 69 births per 1,000 women in the 15-44 age groups in 2007 to a record low of 63 births per 1,000 women in 2012. This has been due to the changing modern lifestyle and the growing trend of having fewer children,” said a TechNavio senior analyst and report co-author.
While prenatal testing helps parents and doctors diagnose chromosome abnormalities, it also has some negative psychological consequences. There has been increasing concerns that predictive testing might lead to higher suicide rates of among identified carriers. Additionally, diagnosis of a disability or genetic disorder could result in parents aborting the pregnancy.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Prenatal Testing Market in the US 2014-2018 (http://www.technavio.com/
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Prenatal Testing Market in the US. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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