RE: All quiet on the Western front28 Nov 2019 06:47
Start-ups Trigger Major Disruptions in NIPT Space with Novel Testing Formats backed by Hefty Funding
The competition spectrum of non-invasive prenatal testing is highly fragmented with scope for novel aspirants intending major disruptions in noninvasive prenatal testing (NIPT) space. In a recent development, a San Diego based new market player, Cradle Genomics has affirmed its success in amassing a whopping $17.1 million to aid optimal research dedicated towards NIPT. The company is likely to successfully launch its novel NIPT tests as a significant step, furthering scope in non-invasive prenatal testing market. Such ongoing advances are likely to direct sustainable returns in global non-invasive prenatal testing market in forthcoming years.
Further in non-invasive prenatal testing space, leading companies are gaining strong grounds on the back of diverse business associations and strategies. In this regard, Thermo Fisher Scientific is all set to use it's liquid chromatography-mass spectrometry testing platform in tandem with NeXosome of NX Prenatal. The companies are poised to develop highly effective non-invasive prenatal testing measures to ensure safe and healthy fetal development.
Emerging countries such as India is at the infancy of NIPT adoption. In a recent development, Thyrocare technologies that has made biochemistry tests and diagnostics mainstream in the country is likely to further disrupt noninvasive prenatal testing space in the country. The company is vocal about limiting the massive prices of NIPT in India, bringing it down to around eight thousand rupees. The development is believed to enlarge the scope of NIPT in the country with several physicians and expecting parents undertaking the same.