Global Isothermal Nucleic Acid Amplification Technology Market is valued at US$ 4.53 Bn in 2023, and it is expected to reach US$ 8.91 Bn by 2031, with a CAGR of 8.94% during the forecast period of 2024-2031.
Global Isothermal Nucleic Acid Amplification Technology Market is valued at US$ 4.53 Bn in 2023, and it is expected to reach US$ 8.91 Bn by 2031, with a CAGR of 8.94% during the forecast period of 2024-2031.
Market Analysis:
INAAT (Isothermal Nucleic Acid Amplification Technology) is a technique employed to amplify DNA or RNA at a consistent temperature, streamlining the procedure in contrast to the conventional Polymerase Chain Reaction (PCR) which involves cycling through several temperatures. INAAT is characterized by its rapidity, effectiveness, and compatibility with simpler apparatus, rendering it highly suitable for point-of-care and field testing.
Isothermal Nucleic Acid Amplification Technology (INAAT) has practical utility in various domains including healthcare, environmental monitoring, agriculture, and forensics. These applications showcase the adaptability and usefulness of INAAT, rendering it a vital instrument in diverse areas that necessitate prompt and dependable identification and examination of nucleic acids.
Download Free Report Sample Pages: https://www.insightaceanalytic.com/request-sample/2001
The growing need for rapid, easy-to-use, disease-specific diagnostic instruments among consumers is driving up demand for isothermal nucleic acid amplification technology. Additionally, developing countries’ expanding healthcare infrastructure and growing disposable income are probably going to contribute to the expansion of the isothermal nucleic acid amplification technology market.
Recent Developments:
- In May 2022, Meridian Bioscience released ‘Lyo-Ready’ Saliva-Specific Isothermal Amplification Master Mixes for quick and easy identification of DNA and RNA in diagnostic tests done at the point of care. The Lyo-Ready Direct DNA LAMP Saliva Mix and the ‘Lyo-Ready’ Direct RNA/DNA LAMP Saliva Mix were the first isothermal mixes made just for saliva and phlegm samples, and they could be frozen.
- In March 2022, Thermo Fisher Scientific came up with two new products that use reverse transcription loop-mediated isothermal amplification (RT-LAMP). Isothermal RT-LAMP, which uses nucleic acid amplification, is a quick and inexpensive way to find viruses that can cause a sickness.
Market Dynamics:
Market Drivers: Increase In Prevalence Of Cancer
The ageing population and increasing pace of chronic diseases, together with the preference for INAAT over PCR and the growing need for affordable and efficient diagnostic techniques, are some of the key drivers propelling the market under study’s expansion. Cancer was one of the important causes of mortality globally, according to a February 2022 World Health Organization report. According to the report, 400,000 children are diagnosed with cancer annually, with 23 nations having the highest rate of cervical cancer.
The International Agency for Research on Cancer reported in December 2020 that there are now 19.3 million instances of cancer worldwide. Consequently, the need for efficient therapy or treatment is rising as a result of the high incidence of cancer worldwide, which is anticipated to fuel market expansion.
Challenges: Negative Consequences Linked To Isothermal Nucleic Acid Amplification Technology
The utilization of point-of-care applications for amplification techniques like PCR is hampered by the need for instrumentation capable of heat cycling and temperature control. One important factor limiting the growth of the sector is the regulatory framework that directs the development of INAAT-based diagnostics.
The challenges associated with manufacturing INAAT are increased by the stringent rules enforced by regulatory bodies such as the Pharmaceuticals as well as Medical Devices Agency (PMDA) in Japan, the U.S. FDA, and the European Medicines Agency (EMAA) to oversee the manufacturing processes of INAAT production.
North America’s Growth Is Expected Show The Highest CAGR During The Forecast Period
In North America, the isothermal nucleic acid amplification technology market is likely to record a significant market revenue share and develop at a rapid CAGR over the forecast period because of the region’s well-established research infrastructure and the rise in need for diagnostics based on nucleic acid amplification to avert pandemics.
The market will expand due to factors such as increased per capita healthcare spending and growing interest in point-of-care diagnostic procedures. Similarly, the expansion of regional trade is supported by the region’s quick adoption of new and cutting-edge technology, given the increased incidence of contagious diseases. Additionally, the market is likely to develop due to the increasing number of studies being done to develop better diagnostic tests for infectious diseases, the surge in demand for INAAT systems and kits, and the expanding use of such consumables in the region.
Segmentation of Isothermal Nucleic Acid Amplification Technology Market-
Isothermal Nucleic Acid Amplification Technology Market By Product
- Assays
- Systems
Isothermal Nucleic Acid Amplification Technology Market 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
Isothermal Nucleic Acid Amplification Technology Market By Application
- Disease Diagnosis
- Hepatitis
- Chlamydia trachomatis (CT)
- Neisseria gonorrhoeae (NG)
- Influenza
- Covid-19
- Other Disease Diagnosis
- Blood Screening
- Other Applications
Isothermal Nucleic Acid Amplification Technology Market By End-users
- Hospitals
- Reference Laboratories
- Academic & Research Laboratories
- Other End-users
Isothermal Nucleic Acid Amplification Technology Market By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
Talk with Experts Panel on the Isothermal Nucleic Acid Amplification Technology Market Report @ https://calendly.com/insightaceanalytic/30min?month=2024-02
Call: North America +1 551 226 6109 Email: diana.dsouza@insightaceanalytics.com