+1-786-628-7980
Sign Up/Sign In 
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Isothermal Nucleic Acid Amplification Technology Market– (By Product (Assays, Kits & Reagents, Systems), By Technology (Transcription Mediated Amplification (TMA), Loop-mediated Isothermal Amplification (LAMP), Strand Displacement Amplification (SDA), Helicase-dependent Amplification (HDA), Nucleic Acid Sequence-based Amplification (NASBA), Nicking Enzyme Amplification Reaction (NEAR), Single Primer Isothermal Amplification (SPIA), Other Technologies), By Application (Disease Diagnosis (Hepatitis, Chlamydia trachomatis (CT), Neisseria gonorrhoeae (NG), Influenza, Covid-19, Other Disease Diagnosis), Blood Screening, Other Applications), By End-User), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Isothermal Nucleic Acid Amplification Technology Market is valued at US$ 4.19 Bn in 2022, and it is expected to reach US$ 8.83 Bn by 2031, with a CAGR of 8.9% during a forecast period of 2023-2031.
Isothermal Nucleic Acid Amplification Technology Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 4.19 Bn |
|
Revenue Forecast In 2031 |
USD 8.83 Bn |
|
Growth Rate CAGR |
CAGR of 8.9 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product, Technology, Application, End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Grifols, S.A. (Spain), Hologic, Inc. (US), Abbott Laboratories (US), Becton, Dickinson and Company (US), Meridian Bioscience (US), Eiken Chemical Co., Ltd. (Japan), bioMérieux SA (France), Tecan Trading AG (Switzerland), New England Biolabs (US), QIAGEN N.V. (Germany), DiaSorin Sp.A. (Italy), General Electric (US), OptiGene Limited (UK), Quidel Corporation (US), Thermo Fisher Scientific (US). Genomtec (Poland), Mast Group Ltd. (UK), Ustar Biotechnologies (China), Jena Bioscience GmbH (Germany), Atila BioSystems (US), TwistDx Limited (UK), LGC Limited (UK), Life Sciences Advanced Technologies (US), GenoSensor Corporation (US), and PCR Biosystems (UK). |
Request for Sample Pages: https://www.insightaceanalytic.com/request-sample/2001
Isothermal nucleic acid amplification technology is a molecular biology technique used to amplify DNA or RNA sequences at a constant temperature. Unlike traditional polymerase chain reaction (PCR) methods involving temperature cycling, isothermal amplification occurs at a single temperature. This technology has gained major attention due to its simplicity, speed, and potential for point-of-care testing, making it valuable for various applications, including diagnostics, research, and field-based testing.
The increasing spread of chronic diseases and an ageing population, increased acceptance of Isothermal Nucleic Acid Amplification Technology (INAAT) over PCR, and increased need for low-cost and effective diagnostic methods are some of the primary factors affecting the market’s expansion. As per the World Health Organization report, cancer was one of the leading reasons of mortality worldwide in February 2022. According to the report, around 400,000 children are diagnosed with cancer yearly, with cervical cancer being the most common in 23 nations. According to the IARC, the worldwide cancer burden has climbed to 19.3 Bn cases. As a result of the increased prevalence of cancer throughout the world, the demand for effective therapy or treatment is increasing, which is projected to fuel market growth.
List of Prominent Players in the Isothermal Nucleic Acid Amplification Technology Market:
Market Dynamics:
Drivers-
In the last three years, prominent market companies have introduced novel INAAT-based kits, reagents, and systems. Market participants are currently concentrating their R&D efforts on developing new products. Grifols (Spain), for example, received the CE Mark in June 2022 for the Procleix Plasmodium Assay, a nucleic acid test (NAT) specifically approved for screening blood donors for malaria. Hologic, Inc. (US) got US Food and Drug Administration (FDA) approval for the Aptima CMV Quant Assay in May 2022. The viral load of cytomegalovirus (CMV) will be quantified in patients who have received an organ or stem cell transplant.
Challenges:
The Centres for Medicare & Medicaid Services (CMS) has decreased the Medicare reimbursement fee for COVID-19 tests using high-throughput technology to USD 75 unless tabs can analyse data in less than two days. Medicare does not fund genetic testing for those who have never had cancer. Similarly, medical testing reimbursement has declined by 40% over the last 40 years, according to MedPAC (Medicare Payment Advisory Commission). This trend, combined with further economic worries among healthcare organisations, will significantly impede the implementation of novel diagnostic procedures in clinical laboratories.
Regional Trends:
Since of the region’s high prevalence of chronic diseases, technological advancement in isothermal nucleic acid amplification technology (INAAT), and increasing adoption of INAAT over conventional techniques, North America dominates the Isothermal Nucleic Acid Amplification Technology (INAAT) market. As per the Centres for CDS (Disease Control & Prevention), the total number of Americans with chronic diseases is expected to reach around 157 Bn in 2020, with 81 Bn suffering from various disorders.
Curious about this latest version of the report? @ https://www.insightaceanalytic.com/enquiry-before-buying/2001
Recent Developments:
Segmentation of Isothermal Nucleic Acid Amplification Technology Market-
By Product-
By Technology-
By Application-
By End-User-
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
For More Customization @ https://www.insightaceanalytic.com/customisation/2001
Why should buy this report:
Other Related Reports Published by InsightAce Analytic:
Bispecific Antibody Therapeutics Contract Manufacturing Market
Cell Free RNA Isolation & Extraction Kits Market
Cell Free Protein Synthesis Market
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis of key market insights in a timely and cost-effective manner.
