Global Nucleic Acid Labeling Market Report
Healthcare Services

Top 5 Insights From The Nucleic Acid Labeling Market Report 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Nucleic Acid Labeling Global Market Report 2024, the nucleic acid labeling market is expected to show promising growth in the forecast period.

The nucleic acid labeling market has witnessed robust growth in recent years, driven by various factors including:

  • Increased healthcare expenditure
  • Rise in R&D spending
  • Growth in genomics research and disease diagnosis
  • Demand for personalized medicine
  • Advancements in healthcare infrastructure

Mapping Growth Trajectory
In 2023, the nucleic acid labeling market was valued at $2.34 billion, projected to reach $2.55 billion in 2024, with a compound annual growth rate (CAGR) of 8.8%. Looking ahead, the market is forecasted to grow to $3.58 billion by 2028, with a CAGR of 8.9%.

Factors contributing to this growth include:

  • Rising health awareness among people
  • Growing penetration of key global players
  • Focus on patient-centered approaches
  • Expansion of the biotechnology sector
  • Increasing use of DNA sequencing

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Combatting Infectious Diseases: Market Dynamics
The Rise of Infectious Diseases
The surge in infectious diseases is expected to drive the nucleic acid labeling market forward. Nucleic acid labeling techniques offer enhanced specificity, sensitivity, and real-time monitoring for the detection of diseases such as tuberculosis, hepatitis, and gonorrhea. For instance:

  • In the United States, tuberculosis (TB) cases rose to 8,300 in 2022, up from 7,874 in 2021.

Leading Players in the Market
Major companies in the nucleic acid labeling market include General Electric Company, Thermo Fisher Scientific Inc., Roche Diagnostics Corporation, and others. These companies play a crucial role in advancing technologies for disease detection and diagnosis.

Pushing Boundaries: Technological Advancements
Nanotechnology Revolutionizes Labeling
Technological advancements, particularly in nanotechnology, are reshaping the nucleic acid labeling market. Companies are leveraging nanotechnology to develop cutting-edge solutions for disease diagnosis. For instance:

  • Cambridge Nucleomics developed nano bait technology for faster detection of viral RNA.

Acquisition Strengthens Market Position
In January 2023, ALS Limited acquired Invitek Molecular GmbH, bolstering its expertise in molecular diagnostics. Invitek Molecular GmbH specializes in manufacturing molecular diagnostic tools, contributing to the advancement of nucleic acid labeling technologies.

Segmentation and Regional Insights
Market Segmentation
The nucleic acid labeling market is segmented based on product type, labeling type, method, application, and end-user, facilitating a comprehensive understanding of market dynamics:

  • Product type: Kits, reagents, instruments
  • Labeling type: Radioisotope or radioactive labels, non-radioactive labels
  • Method: Enzyme-based, chemical-based
  • Application: DNA sequencing, polymerase chain reaction, fluorescence in situ hybridization (FISH), and more
  • End-user: Hospitals or clinics, diagnostic centers, and others

Regional Outlook
North America emerged as the largest region in the nucleic acid labeling market in 2023, while Asia-Pacific is expected to witness the fastest growth during the forecast period.

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