Global Isothermal Nucleic Acid Amplification Technology (INAAT) Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s isothermal nucleic acid amplification technology (INAAT) market report forecasts the isothermal nucleic acid amplification technology (INAAT) market size to grow to $5.47 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.
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Isothermal Nucleic Acid Amplification Technology (INAAT) Market Size Forecast
The global isothermal nucleic acid amplification technology (INAAT) market is expected to grow from $3.2 billion in 2022 to $3.53 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global isothermal nucleic acid amplification technology (INAAT) market is expected to grow to $5.47 billion in 2027 at a CAGR of 11.6%.
North America held the largest isothermal nucleic acid amplification technology (INAAT) market share.
Key Isothermal Nucleic Acid Amplification Technology (INAAT) Market Driver – Increase In Infectious Or Chronic Disease
For instance, according to World Health Organization 17 million people lose their lives to infectious diseases every year. Another report by Centres for Disease Control show that number of diseases from mosquitoes, ticks and fleas like West Nile, Zika, Malaria and Lyme disease increased three times. Similarly, as per a survey done by NCBI, around 50% of the population in the United States (approx. 157 million) was suffering from at least one chronic disease in 2020. Increase in infectious or chronic disease drives the demand for diagnosing through isothermal nucleic acid amplification technology.
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Key Isothermal Nucleic Acid Amplification Technology (INAAT) Market Trend – Creating Innovative Diagnostic Test
Nanostructures are being incorporated to in vitro diagnostics and in vitro rapid diagnostic tests (RDT) in order to improve existing tests and make them more effective or create innovative diagnostic test approaches that are incorporated in point-of-care applications. Nanostructures/nanotechnology uses nanoparticles to enhance the action of the drug in treatment and nanotechnology is the design, characterization, production, and application of devices, structures and systems by controlled manipulation of size and shape at the nanometer scale. For instance, a range of RDTs have been developed to diagnose syphilis such as AccuBioTech (Accu-Tell Rapid Syphilis Test), Alere, Inc. (Alere Determine), Alere/Standard Diagnostics (SD Syphilis 3.0), The Tulip Group/Qualpro (Syphicheck – WB), Cypress Diagnostics (Syphilis Rapid Test), and Omega Diagnostics (Visitect Syphilis). These RDTs allow patients to be diagnosed at the point-of-care (POC).
Isothermal Nucleic Acid Amplification Technology (INAAT) Market Segment
1) By Product: Instrument, Reagent
2) By End-User: Hospital, Reference Laboratories, Other End-Users
3) By Technology: NASBA, HAD
4) By Application: Blood Screening, Infectious Disease Diagnostics, Cancer
Isothermal Nucleic Acid Amplification Technology (INAAT) Market Major Players and Strategies
Major players in the isothermal nucleic acid amplification technology (INAAT) market are Biomeriux, Qiagen, Becton, Dickinson & Company, Hologica, Lucigen, Quidel Corporation, New England Biolabs, Nugen, Ustar Biotechnologies, Thermo Fisher Scientific, BioHelix, Meridian Bioscience, New England Biolabs Inc., Novartis Diagnostics, Sharp Corp., Sony Corp., Panasonic, Toshiba Corp., Rohm, Philips Hologic-Gen-Probe, BetaLED, Avago technologies, and Grifols.
In July 2021, Sapphiros, a KKR-backed platform focused on developing the next generation of diagnostic technologies, acquired Biocrucible Ltd. for an undisclosed amount. With this acquisition, Sapphiros aimed to develop market-leading consumer molecular diagnostics. Biocrucible Ltd., a biotechnology company based in the UK, is a pioneer in the acceleration and augmentation of biochemical kinetics through the use of its Molten TagsTM technology.
The Isothermal Nucleic Acid Amplification Technology (INAAT) Global Market Report 2023 covers regional data on isothermal nucleic acid amplification technology (INAAT) market size, isothermal nucleic acid amplification technology (INAAT) market trends and drivers, opportunities, strategies, and isothermal nucleic acid amplification technology (INAAT) market competitor analysis. The countries covered in the isothermal nucleic acid amplification technology (INAAT) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Isothermal nucleic acid amplification technology (INAAT) is a technique that amplifies DNA samples. Isothermal nucleic acid amplification technologies are used to amplify DNA sequences from two different nucleic acid segments at a constant temperature.
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