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Non-Invasive Prenatal Testing Market in North Africa is Estimated to Witness High Growth Owing to Expansion of Health Insurance Coverage

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Rajkumar cmi
Non-Invasive Prenatal Testing Market in North Africa is Estimated to Witness High Growth Owing to Expansion of Health Insurance Coverage

Non-invasive prenatal testing (NIPT) is a procedure used to check the chromosomes and genomic segments of a fetus early in pregnancy using a simple blood test of the mother. It estimates the risk of certain genetic disorders without any risks to the pregnancy. NIPT helps in detecting conditions like trisomy 21, trisomy 18, trisomy 13, and monosomy X. It has benefits such as high accuracy, non-invasive, safer than other prenatal genetic tests, and early results. The need for safe, non-invasive, and accurate genetic screening procedures is increasing across North Africa.

The North Africa Non-Invasive Prenatal Testing Market is estimated to be valued at US$ 3805.83 Bn in 2024 and is expected to exhibit a CAGR of 6.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The expansion of health insurance coverage in North African countries is expected to boost the adoption of NIPT in the region. Many nations are focusing on expanding the coverage of national health insurance to include prenatal testing procedures. For instance, in Algeria and Morocco, the governments are working towards including NIPT costs in their universal health coverage schemes. This will make NIPT widely affordable. With better insurance support, more expecting mothers will opt for NIPT, driving the growth of the non-invasive prenatal testing market in North Africa.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is low as this is a niche yet established market with significant capital requirements for R&D and compliance.

Bargaining power of buyers: The bargaining power of buyers is moderate due to the availability of few alternatives and differing technological prowess across the region.

Bargaining power of suppliers: The bargaining power of suppliers is low as there are many suppliers for raw materials and technologies in this market.

Threat of new substitutes: The threat of new substitutes is moderate as companies continue to invest in innovative non-invasive options.

Competitive rivalry: Competition is intense among existing players due to technological innovations.

SWOT Analysis

Strengths: Strong brand names, established distribution channels, robust R&D capabilities.

Weaknesses: High capital expenditure, lack of skilled professionals in certain areas, reimbursement issues in a few countries.

Opportunities: Growing awareness, rising healthcare expenditure, untapped rural markets.

Threats: Stringent regulations, political instability in a few countries, threat from refurbished equipment.

Key Takeaways

The North Africa non-invasive prenatal testing market size is expected to witness high growth due to rising awareness about genetic screening, growing healthcare expenditure, and technological advancements. The North Africa Non-Invasive Prenatal Testing Market is estimated to be valued at US$ 3805.83 Bn in 2024 and is expected to exhibit a CAGR of 6.9% over the forecast period 2024 to 2031.

Regional analysis related content

Egypt accounts for the major share in the market and is projected to grow at the fastest rate during the forecast period owing to rising government focus on leveraging genomics for healthcare, presence of international companies and established distribution channels. Morocco and Algeria are other major markets due to increasing healthcare reforms, large population base and universal healthcare policies. However, political and economic instability along with low awareness remain a challenge for growth in certain countries.

Key players related content

Key players operating in the North Africa non-invasive prenatal testing market are Enraf-Nonius B.V., DJO Global, EMS Physio Ltd., Dynatronics Corporation, A. Algeo Limited, BTL Industries, Inc., HMS Medical Systems, Whitehall Manufacturing, Patterson Companies, Inc., and Isokinetics, Inc. These players are focused on new product launches, strategic collaborations and geographical expansions to expand their market presence.

Get more insights on this topic: https://www.trendingwebwire.com/north-africa-non-invasive-prenatal-testing-market-size-and-opportunity-analysis/

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