What’s Driving Growth in the Nucleic Acid Amplification Testing Market? Insights into Key Trends and Opportunities
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What is the Anticipated CAGR of the Nucleic Acid Amplification Testing Market, and What Factors Will Drive It?
The market share for nucleic acid amplification testing has seen a significant surge in the last few years. Its projected growth is quite promising, set to increase from $9.56 billion in 2024 to $11.03 billion in 2025, reflecting a compound annual growth rate of 15.3%. Factors contributing to this growth over the historical period include an increase in the knowledge and understanding of infectious disease diagnosis, the advent of new pathogens, a shift in focus towards personalized medicine, the increase in demand for point-of-care testing, and regulatory approvals and guidelines.
There is an expectation for a rapid expansion in the size of the nucleic acid amplification testing market in the forthcoming years. It is estimated that this market will escalate to $19.26 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 15.0%. The projected growth during this period is primarily due to the increasing prevalence of infectious diseases, a need for extensive testing capabilities, enhanced investments by private establishments, a growing requirement for speedy and precise testing methodologies, along with the rising demand for progressive diagnostic apparatus. Key trends anticipated during this period are the combination of artificial intelligence (AI), advancements in wearable and implantable technology, a growing inclination towards point-of-care testing, an expansion in personalized medicine, and collaborations with digital health technologies.
What Key Drivers Are Accelerating the Growth of the Nucleic Acid Amplification Testing Market During the Forecast Period?
The growth of the nucleic acid amplification testing market is anticipated to be driven by the rising prevalence of infectious diseases. These diseases, triggered by various organisms, can be transferred either directly or indirectly through means such as physical touch, inhalation of airborne particles, consumption of infected food or water, or even via insects. The surge in such diseases can be attributed to factors like antibiotic resistance, climate alterations, behavioural changes in humans, and farming practices. Nucleic acid amplification testing (NAAT) rapidly and accurately detects the pathogens causing these infections, enabling faster diagnosis and treatment, and thus aiding in curtailing the disease spread. As an example, in the 2022-2023 season, the Public Health Agency of Canada, a governmental agency, reported that the participating provinces and territories had noted 4,216 hospitalizations due to influenza in October 2023. As a result, the market for nucleic acid amplification testing is being pushed forward due to the growing rate of infectious diseases.
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Who Are the Top Companies Contributing to the Growth of the Nucleic Acid Amplification Testing Market?
Major companies operating in the nucleic acid amplification testing market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Merck KGaA, Siemens Healthineers, Becton, Dickinson and Company, Laboratory Corporation of America Holdings, Quest Diagnostics, Agilent Technologies Inc., Grifols S.A., Hologic Inc., bioMerieux SA, QuidelOrtho Corporation, Bio-Rad Laboratories Inc., Cepheid Inc., GenScript Biotech Corporation, ARUP Laboratories, BGI Group, Promega Corporation, Meridian Bioscience Inc., Takara Bio Inc., Eiken Chemical Co. Ltd., New England Biolabs Inc., TwistDx Limited, Bioneer Corporation
How Are Technological Trends Affecting the Growth and Development of the Nucleic Acid Amplification Testing Market?
Leading firms in the nucleic acid amplification testing market are concentrating on creating novel solutions like in vitro diagnostics (IVD) assays. These are designed to screen donated blood for CMV using nucleic acid amplification technology (NAT) in compliance with IVDR. IVD assays are lab-based tests conducted on biological samples to identify diseases, conditions or infections. For example, GFE, a company based in Germany, launched PoET CMV in June 2024. This IVD assay is meant for fast and accurate detection of cytomegalovirus (CMV) infections. It boasts of high sensitivity and specificity which makes early diagnosis and effective monitoring of CMV possible in transplant patients and people with compromised immunity. The assay employs sophisticated molecular techniques to provide trustworthy results promptly, thereby aiding in prompt clinical decision-making.
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Which Key Segments of the Nucleic Acid Amplification Testing Market Are Poised for Growth and Innovation?
The nucleic acid amplification testingmarket covered in this report is segmented –
1) By Type: Target Amplification Systems, Probe Amplification Systems, Signal Amplification Systems
2) By Product Type: Consumables, Instruments Or Systems
3) By Technology: Polymerase Chain Reaction (PCR) Tests, Isothermal Nucleic Acid Amplification Technology (INAAT) Tests, Ligase Chain Reaction (LCR) Tests
4) By Application: Infectious Disease Testing, Oncology Testing, Genetic And Mitochondrial Disease Testing, Other Applications
5) By End-Use: Hospitals, Diagnostic Laboratories, Biotechnology Companies, Other End-Users
Subsegments:
1) By Target Amplification Systems: Polymerase Chain Reaction (PCR), Real-Time PCR (qPCR), Reverse Transcription PCR (RT-PCR), Nested PCR, Multiplex PCR, LAMP (Loop-Mediated Isothermal Amplification),
2) By Probe Amplification Systems: Nucleic Acid Sequence-Based Amplification (NASBA), Hybridization-Based Amplification, Branch Chain Amplification (BCA), Strand Displacement Amplification (SDA),
3) By Signal Amplification Systems: Enzyme-Linked Signal Amplification, Fluorescent Signal Amplification, Chemiluminescent Signal Amplification, Electrochemical Signal Amplification, Magnetic Particle-Based Signal Amplification
What Are the Key Regions Powering Growth in the Nucleic Acid Amplification Testing Market?
North America was the largest region in the nucleic acid amplification testing (NAAT) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nucleic acid amplification testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Defines the Scope of the Nucleic Acid Amplification Testing Market?
Nucleic acid amplification testing (NAAT) refers to molecular techniques that detect and amplify specific deoxyribose nucleic acid (DNA) or ribose nucleic acid (RNA) in a sample. It is widely used for identifying pathogens at early infection stages due to its high sensitivity. Researchers use NAAT to study gene expression, genetic variations, and disease mechanisms, aiding in understanding genetic disease bases and developing targeted therapies.
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