Global Isothermal Nucleic Acid Amplification Technology Market By Product (Assays, Kits, & Reagents, Systems), By End User (Hospitals, Reference Laboratories, Research and Academic Institutes), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Isothermal Nucleic Acid Amplification Technology Market By Product (Assays, Kits, & Reagents, Systems), By End User (Hospitals, Reference Laboratories, Research and Academic Institutes), By Geographic Scope And Forecast
Isothermal Nucleic Acid Amplification Technology Market Size And Forecast
Isothermal Nucleic Acid Amplification Technology Market size was valued at USD 4.1 Billion in 2022 and is projected to reach USD 8.4 Billion by 2030, growing at a CAGR of 9.4% from 2023 to 2030.
A wide range of techniques for amplifying and detecting particular nucleic acid sequences at a constant temperature are included in the market for isothermal nucleic acid amplification technology on a global scale. These techniques have a wide range of uses and benefit from being quick, easy, and adaptable to different sample types. The market, which includes significant players from the manufacturing and research sectors, is driven by factors such as rising illness prevalence, demand for quick diagnostics, and developments in genomics research.
Global Isothermal Nucleic Acid Amplification Technology Market Definition
The market for a set of techniques used to amplify and detect particular nucleic acid sequences in biological samples is referred to as the “Global Isothermal Nucleic Acid Amplification Technology Market.” A key procedure in molecular biology called nucleic acid amplification makes it possible to replicate DNA or RNA fragments, allowing for the identification and examination of particular genetic material. In contrast to conventional polymerase chain reaction (PCR) techniques, isothermal nucleic acid amplification technologies can amplify nucleic acid sequences at a constant temperature without the use of heat cycling. Because of this property, isothermal amplification techniques can be used more quickly, more easily, and in environments with fewer resources.
Loop-mediated isothermal amplification (LAMP), recombinase polymerase amplification (RPA), helicase-dependent amplification (HDA), and nicking enzyme amplification reaction (NEAR) are only a few of the techniques available on the market for isothermal nucleic acid amplification technology. The target nucleic acids are amplified and detected using various mechanisms and enzymes in each of these methods. Isothermal nucleic acid amplification technology has a wide range of uses that are constantly expanding. It is widely used in many different disciplines, including environmental monitoring, food safety analysis, clinical diagnostics, infectious disease testing, pathogen identification, and genetic testing.
These methods are extremely useful in research labs, hospitals, clinics, and point-of-care settings because they provide benefits such as quick results, high sensitivity, and compatibility with a wide range of sample types. The rise in infectious diseases, increasing demands for quick and accurate diagnostic tools, developments in genomics and molecular biology research, and the demand for decentralized testing options are some of the factors driving the Global Isothermal Nucleic Acid Amplification Technology Market. The market is also expected to rise as a result of the ongoing development of portable and user-friendly isothermal amplification devices. Manufacturers of isothermal amplification kits, reagents, and tools, as well as academic labs and research organizations, engaged in the creation of novel isothermal amplification techniques, are significant market players. To improve their product portfolios and increase their market presence, these businesses and organizations participate in partnerships, collaborations, and research and development initiatives.
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Global Isothermal Nucleic Acid Amplification Technology Market Overview
The Global Isothermal Nucleic Acid Amplification Technology Market is a booming market that is supported by a number of important aspects. The market’s growth and development are shaped by a number of drivers and restraints. A group of molecular biology techniques known as isothermal nucleic acid amplification technologies enable the amplification and detection of certain nucleic acid sequences without the need for temperature cycling, which is necessary with conventional PCR (Polymerase Chain Reaction) techniques. This technology is useful for a wide range of applications, including the diagnosis of infectious diseases, genetic testing, and research. Its benefits include rapid amplification, simplicity, and mobility. Faster and on-site diagnosis of infectious diseases, such as HIV, TB, and Ebola, among others, is made possible using isothermal nucleic acid amplification technology.
The demand for isothermal nucleic acid amplification technology is being driven by the requirement for quick and precise diagnostic tools to identify and manage infectious diseases. Rapid and sensitive diagnostic techniques are required due to the increased incidence of infectious disorders such as COVID-19, the Zika virus, and dengue fever. The development of the market is fueled by the fact that isothermal nucleic acid amplification technology offers an effective method for the early identification and monitoring of these disorders. The performance, sensitivity, and specificity of isothermal nucleic acid amplification technology have all increased over time. Applications have been broadened and the market has grown as a result of innovations including recombinase polymerase amplification (RPA), loop-mediated isothermal amplification (LAMP), and helicase-dependent amplification (HDA). Point-of-care testing is an effective match for the isothermal nucleic acid amplification technique because of its quick turnaround and straightforward procedure.
The demand for isothermal nucleic acid amplification techniques is being driven by the growing use of POCT, particularly in environments with limited resources. Despite the growth prospects, the global market for EV platforms has some limitations and difficulties. Isothermal nucleic acid amplification technology might have significant development and manufacturing expenses, which can be difficult, especially for small diagnostic companies. Its accessibility may be restricted in some areas or healthcare settings due to the high expenses. While isothermal nucleic acid amplification technology has become more well-known and accepted in research contexts, several platforms still do not have commercial access to it or regulatory approval for diagnostic applications. Its widespread adoption and market expansion may be hampered by this. Due to differences in reagents, procedures, and detection techniques, it might be difficult to guarantee reliable and consistent findings when using multiple isothermal nucleic acid amplification platforms. To successfully overcome these issues and acquire wider acceptability in clinical diagnostics, standardization, and quality control mechanisms must be put in place.
Global Isothermal Nucleic Acid Amplification Technology Market Segmentation Analysis
The Global Isothermal Nucleic Acid Amplification Technology Market is Segmented on the basis of Product, End User, and Geography.
Isothermal Nucleic Acid Amplification Technology Market, By Product
- Assays, Kits, & Reagents
- Systems
Based on Product, the market is segmented into assays, kits, & reagents, and systems. The assays, kits & reagents segment holds the largest market share and is estimated to witness the highest CAGR during the forecast period. A growing number of CLIA-waived tests are being approved, reagent purchases are being made repeatedly, and better, quicker, and more reliable POC solutions are continuously being introduced which contributes to the market’s expansion.
Isothermal Nucleic Acid Amplification Technology Market, By End User
- Hospitals
- Reference Laboratories
- Research and Academic Institutes
- Others
Based on End User, the market is segmented into hospitals, reference laboratories, research and academic institutes, and others. The segment for hospitals has the largest market share and is anticipated to grow at the fastest rate over the coming years. Over the course of the forecast period, it is predicted that the market sector for central and reference laboratories end-use segments would develop significantly due to the increased prevalence of reference laboratories and the growing use of molecular diagnostic methods in medical laboratories. The reagents product segment had a significant impact on the researched markets in the years leading up to 2022 because of its expanding use in clinics, hospitals, and other primary healthcare facilities as well as the expanding accessibility of polymerases with excellent reverse transcription capabilities.
Isothermal Nucleic Acid Amplification Technology Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin AmericaMiddle East and Africa
Based on regional analysis, the Global Isothermal Nucleic Acid Amplification Technology Market is classified into North America, Europe, Asia Pacific, and the Rest of the World based on geography. In the Global Isothermal Nucleic Acid Amplification Technology Market, North America has the greatest market share, and it is expected to continue expanding steadily over the forecast period. Numerous factors are anticipated to propel the market’s expansion, including an increase in the number of research projects on the diagnosis of infectious diseases, rising demand for new Isothermal Nucleic Acid Amplification Technology systems and kits, and expanding use of Isothermal Nucleic Acid Amplification Technology consumables.
Key Players
The “Global Isothermal Nucleic Acid Amplification Technology Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Abbott Laboratories, Thermo Fisher Scientific, Hologic, Meridian Bioscience, Grifols, Becton, Dickinson and Company, GE Healthcare, Genomtec, Tecan Group, Quidel Corporation, bioMérieux, OptiGene, Eiken Chemical, Jena Bioscience, and DiaSorin.
Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In August 2022, The Maternal Foetal Medicine Division of Stanford University’s Department of Obstetrics and Gynaecology announced the renewal of its exclusive relationship with LGC Clinical Diagnostics, a prominent supplier and partner to international in vitro diagnostics manufacturers and clinical laboratories. According to the terms of the agreement, Stanford University will keep giving LGC clinical guidance on how to find and choose blood samples from rare patients whose pregnancy has been diagnosed as having a genetic mutation.
- In May 2022, With the introduction of two new cutting-edge master mixes, Lyo-Ready Direct DNA LAMP Saliva Mix and Lyo-Ready Direct RNA/DNA LAMP Saliva Mix, Meridian Bioscience, a leading global provider of diagnostic testing solutions, announced the continuation of the expansion of its isothermal amplification product line. Globally, isothermal amplification techniques like loop-mediated amplification (LAMP) are being used in increasing numbers. The COVID-19 pandemic has contributed to some of the most notable growth in the point of care (POC) molecular diagnostics sector. The public is in need of diagnostic assays that provide quick sample-to-result turnaround, high sensitivity, affordable pricing, and wide accessibility due to the ongoing emergence of new COVID variations.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2019-2030 |
BASE YEAR | 2022 |
FORECAST PERIOD | 2023-2030 |
HISTORICAL PERIOD | 2019-2021 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Abbott Laboratories, Thermo Fisher Scientific, Hologic, Meridian Bioscience, Grifols, Becton, Dickinson and Company, GE Healthcare, Genomtec |
SEGMENTS COVERED |
|
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
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