Market Trends of Global Preterm Birth and PROM Testing Industry
This section covers the major market trends shaping the Preterm Birth & PROM Testing Market according to our research experts:
Ultrasound Segment Expects to Register a High CAGR in the Forecast Period
The ultrasound segment is witnessing significant growth in the forecast period owing to the factors such as increased incidences of preterm birth, increasing company research and development activities, and technological advancements to detect and predict preterm births.
Ultrasound can be used to check cervical tissue, as it generates images of the uterus and the baby, which can be used to identify if the cervix has dilated or effaced, as well as to improve diagnosis and forecast premature births.
With increased incidences of preterm births and associated consequences, pregnant women are more likely to engage in preterm testing during pregnancy for reassurance and monitoring of preterm birth symptoms and to avoid preterm deaths. For instance, according to an article published by the American Family Physician, in 2020, it has been observed that about 3% of pregnancies are complicated by preterm PROM, and one-third of preterm deliveries are caused by it. It raises the risk of preterm and causes several other perinatal and neonatal issues, including a 1% to 2% chance of fetal death.
The increasing company focus on developing tests and devices to predict preterm birth is also contributing to the growth of the ultrasound segment, thereby increasing the market growth. For instance, in March 2022, Ultrasound AI Inc. will use ultrasound technology and artificial intelligence to anticipate preterm birth and allow for earlier interventions. In addition, in May 2021, DC Medical developed a portable preterm diagnostic device, EveryBaby, after researching Electrical Impedance Spectroscopy (EIS) at the University of Sheffield, which could potentially improve the prediction of preterm birth. In August 2020, PulseNmore, an Israeli startup, launched a handheld tele-ultrasound device that allows pregnant women to conduct ultrasound exams at home and receive feedback from a physician or sonographer.
Thus, with the increased incidence and risk associated with preterm births and the technological advancements, the demand for the ultrasound segment is likely to increase in the forecast period.
North America is Expected to Have the Significant Market Share
North America is anticipated to have a significant share in the market owing to the factors such as increased demand for pre-birth testing due to the increased incidence of preterm births, rising technical breakthroughs, and well-established healthcare facilities in the region.
In addition, the company, as well as non-profit organizations, are focusing on developing tests and devices for evaluating and detecting preterm births in the region and contributing to the market's growth. For instance, In January 2021, Sera Prognostics, Inc. partnered with HealthCore, Inc. and Anthem, Inc. to launch the PRIME study to evaluate the effectiveness of the PreTRM test with clinical interventions to improve neonatal outcomes. In addition, In May 2021, Sera Prognostics announced a novel strategic commercial partnership with Anthem to make PreTRM Tests available to pregnant members as part of a multi-year contract. Through this partnership, many physicians and patients in the United States will have access to early and accurate preterm birth predictions, allowing them to make more informed decisions during pregnancy. Similarly, in October 2021, the researchers at the March of Dimes Prematurity Research Center at Imperial College London developed a first-of-its-kind testing device that may help advance the diagnosis and treatment of preterm birth.
Moreover, increased intake of alcohol and illicit drugs is also contributing to a rise in the incidence of preterm births in the United States. According to the data published by the Centers for Disease Control, in 2022, 14% of pregnant females reported current drinking, and 5% reported binge drinking.
Thus, increasing rates of preterm births and companies and organizations focusing on developing testing kits and devices are likely to increase the market growth in the region over the forecast period.
