Isothermal Nucleic Acid Amplification Technology Market| Key Performing Regions| Drivers And Challenges
The global isothermal nucleic acid amplification technology market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020 and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025).
The increasing emergence of low cost, effective, and faster diagnostic procedures is driving market growth. Further, the growing aging population and growing different kinds of diseases are further propelling the isothermal nucleic acid amplification technology market growth.
Competitive Landscape:
Key players in the global isothermal nucleic acid amplification technology market include EIKEN CHEMICAL CO., LTD, QIAGEN, Dickinson & Company, Tecan Trading AG, Abbott Laboratories, Inc., GE Healthcare, Hologic, Thermo Fisher Scientific, Inc., Genomtec SA, Ustar Biotechnologies Ltd., and Sysmex Corporation among others.
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The isothermal nucleic acid amplification technology market players are focusing on several business growth strategies including merger, acquisition, new product launch development, etc. For instance, in May 2019 Hologic, Inc. launched Aptima BV and Aptima CV/TV assays for accurate diagnosis of vaginitis, a complex issue in women. Aptima consists of molecular nucleic acid amplification tests that detect candida vaginitis, bacterial vaginosis, and trichomoniasis.
Key Insights:
Latest Updates
Analyst Views
Future Outlook of the Market
Market Taxonomy:
By Technology
Nucleic Acid Sequence-Based Amplification (NASBA)
Loop-mediated isothermal amplification (LAMP)
Helicase-Dependent Amplification (HDA)
Strand Displacement Amplification (SDA)
Nicking Enzyme Amplification Reaction (NEAR)
Single-Primer Isothermal Amplification (SPIA)
Transcription-Mediated Amplification (TMA)
Recombinase Polymerase Amplification (RPA)
Rolling Circle Amplification (RCA)
Others
By Product Type
Instruments
Reagents
By Application
Infectious Disease Diagnostics
Blood Screening
Oncology
Others
By End User
Hospitals
Academic and Research Institutes
Diagnostic Laboratories
Others
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Market Dynamics:
Nucleic acid amplification is an essential technique from basic laboratory research to medical diagnostics. With improved cost and amplification techniques, the application of diagnostic nucleic acid amplification offers wider access and has extended outside the specific laboratory settings. Loop-mediated isothermal amplification (LAMP) in one of the isothermal nucleic acid amplification technology which has been used in a point-of-care diagnostics. According to the WHO, around 17 million individuals are dying annually due to infectious diseases across the world. Around 30 types of new diseases have emerged in the last 20 years which risk the lives of millions of people. Isothermal nucleic acid amplification technology enables the diagnosis of diseases such as HIV-AIDS, trachomatis, pneumonia, etc.
The innovative isothermal nucleic acid amplification technology enables early detection of these infectious diseases, thus reflecting the various opportunities for growth in the coming years. For instance, in February 2019, Grifols, an innovative diagnostic solution development company introduced the Procleix Babesia assay which is approved by the U.S. FDA. Procleix Babesia assay used for finding the ribosomal RNA from 4 Babesia species; the assay operates on a fully automated platform using Nucleic Acid Testing (NAT) for blood screening.
FAQ's:
Note: This report provides an in-depth analysis of the global isothermal nucleic acid amplification technology market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.
What are the trends adopted by key players in the global isothermal nucleic acid amplification technology market?
What key factors are expected to increase the demand for the isothermal nucleic acid amplification technology market during the forecast period 2020-2025?
What are the major challenges inhibiting the growth of the global isothermal nucleic acid amplification technology market?
What is the total market value (US$ Mn) generated in the global isothermal nucleic acid amplification technology market by product type in 2019 and what are the forecasts by 2025?
Which application is expected to dominate the isothermal nucleic acid amplification technology market in the coming years?
What was the total revenue generated by the global isothermal nucleic acid amplification technology market across different regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
Which technology will foster the isothermal nucleic acid amplification technology market growth in the coming years?
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