Increasing research & development activities in the field for innovating diagnosis procedures, is further expected to drive market revenue growth over the forecast period.
Rising prevalence of chronic, infectious diseases, and increasing research & development activities to promote nucleic acid testing
The global nucleic acid testing market to reach USD 4.70 billion by 2028 at a CAGR of 7.2%, according to the latest report by Reports and Data. Major factors responsible for market revenue growth are rising prevalence of infectious diseases, cancers, etc., advancement in healthcare infrastructure, increasing awareness of nucleic acid testing methods for screening pathogenic bacteria, viruses in patient’s blood, tissue and urine. Increasing research & development activities in the field for innovating diagnosis procedures, is further expected to drive market revenue growth over the forecast period.
Nucleic acid testing (NAT) is a molecular technique for diagnosing viruses, bacteria. It is an advanced technique to detect the presence of infectious elements in blood, urine, etc. These testing methods are useful in identification of genetic disorders in early stage even if there are no visible symptoms. Nucleic acid testing methods are beneficial due to their rapid screening, accuracy, and efficiency. Increasing government spending on healthcare infrastructure is one of the key factors expected to boost market revenue growth over the forecast period. There are lucrative opportunities for the market contributors operating in the global nucleic acid testing market. The increasing number of cancer patients across the globe, and rising awareness of early detection of such disorders to avoid major complications, are some key factors expected to contribute to market growth going ahead.
However, high costs, lack of skilled professionals, and safety issues are the factors expected to hamper nucleic acid testing market growth to a certain extent over the forecast period.
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Some Key Highlights from the Report:
- Among the product type segment, Polymerase Chain Reaction (PCR) is expected to account for a largest revenue share in the global market due to its low cost and diverse applicability in DNA typing, cloning, disease detection, etc.
- In the technique segment, the target amplification systems is expected to register significant revenue share in the global market. This is because of its high efficiency, simplicity, and productivity.
- Infectious diseases are expected to register largest revenue share in the global market in the application segment due to applicability of nucleic acid testing methods in diagnosis of various infectious diseases.
- Hospitals segment is expected to register robust revenue in the global market over the forecast period. Improvement in healthcare infrastructure, technological advancement, and rising prevalence of infectious diseases.
- Asia Pacific market revenue is expected to expand significantly over the forecast period due to rising prevalence of cancer, and infectious diseases, better healthcare facilities, advanced diagnosis methods, and growing health awareness. In addition, ongoing research & development in biotechnology, is the factor responsible for the market growth.
- Key companies in the nucleic acid testing market include Applied Genetic Technologies Corporation, Abbott, Affymetrix, Becton, Dickinson and Company, Illumina, Inc., Bio-Rad, Diadexus, ELITech Group, Exact Sciences, Leica Biosystems, Perkin Elmer, and Siemens Healthineers, among others.
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For the purpose of this report, Reports and Data has segmented the global nucleic acid testing market has been segmented into product type, technique, application, end-user, and region:
Product Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Ligase Chain Reaction
- Polymerase Chain Reaction (PCR)
- Transcription-mediated Amplification (TMA)
- Consumables
- Whole Genome Sequencing
Technique Outlook (Revenue, USD Billion; 2018 – 2028)
- Probe Amplification Systems
- Target Amplification Systems
- Signal Amplification
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Infectious Diseases
- Viral Detection & Load
- Viral & Bacterial Genotyping
- Bacterial Tests
- Genetic And Mitochondrial Disorders
- Disease Predisposition
- Generic Testing
- Cancer
- Chromosomal Aberrations
- Cervical Cancer Screening
- Breast Cancer
- Forensic Testing
- Paternity Testing/Hla Typing
- Personalized Medicine
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End-User Outlook (Revenue, USD Billion; 2018 – 2028)
- Government-Regulated Clinical Laboratories
- Hospitals
- Clinics
- Academic And Research Institutions Dermatology
- R&D Centers
Region Outlook (Revenue, USD Billion; 2018 – 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
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