Isothermal Nucleic Acid Amplification Technology Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : May 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Isothermal Nucleic Acid Amplification Technology market size was valued at US$ 11.6  billion in 2020 and is anticipated to grow at a CAGR of X% during forecast period 2021 to 2030.

Growth Factors

 Increasing demand for INAAT as a molecular testing technique and the rising prevalence of infectious diseases is expected to drive the market over the forecast period.

According to NCBI, there are over 9.5 million deaths due to infectious diseases every year, of which the majority occur in developing nations. Respiratory viral infections, diarrhea, and pneumonia are some of the leading causes of mortality, mostly in infants. The rise in the aging population across the globe and the increase in the adoption of INAAT over other molecular diagnostic techniques are few key factors driving the market. Furthermore, increasing demand for user-friendly, rapid, and disease-specific kits is also anticipated to boost the adoption of this technology.

INAAT is widely used in the U.S., primarily for diagnosis of infectious diseases such as HIV-AIDS, H. influenzae, S. pneumonia (respiratory tract infections), N. gonorrhoeae, C. trachomatis (genital infections), and TB. According to the CDC, over 2.8 million new cases of chlamydia occur in the U.S. each year and more than 2% of the young population already suffers from the infection.

Report Highlights

The products segment comprises of instruments and reagents. The reagents segment held the largest share in 2016 owing to extensive usage in hospitals and primary healthcare settings, and are also expected to witness substantial growth over the forecast period.

Consumables and reagents are used more extensively as compared to instruments and witness regular demand owing to increasing R&D. However, the instruments segment is expected to grow at a significant rate due to the introduction of devices that are advanced in terms of accuracy, speed, and portability.

Some of the technologies in the market include SPIA, SDA, Nucleic Acid Sequence Based Amplification (NASBA), Helicase-Dependent Amplification (HDA), Loop-Mediated Isothermal Amplification (LAMP), and Transcription-Mediated Amplification (TMA). Global demand for INAAT has increased due to rising awareness among customers. TMA was the largest revenue-generating technology segment in the diagnostic market in 2016, as it is the first INAAT introduced in the market. It was developed by Hologic (Gen probe).

The increasing population suffering from cancer and infectious diseases has boosted demand for low-cost diagnostics such as INAAT. Other amplification technologies such as Polymerase Chain Reaction (PCR) are not able to fulfill the need for low-cost diagnosis. Novel technologies, which include LAMP and HDA, are anticipated to exhibit steady growth over the forecast period. Non-PCR technologies such as INAAT are gaining significance due to customization features offered by them.

Isothermal amplification is mostly used for the detection of infectious diseases. This, along with the introduction of more specific kits, increasing incidence of diseases such as HIV, hepatitis A & B, & STDs that include chlamydia and gonorrhea are key factors expected to drive the isothermal nucleic acid amplification technology market. Moreover, the increasing need for rapid testing for the detection of infectious diseases to prevent them from spreading, especially in low-income countries, is expected to propel growth.

Blood screening is also an important application segment owing to the increasing number of blood transfusions across the globe. INAAT is widely used for screening of transfused blood for infectious organisms to limit their dissemination and prevent epidemics. Several companies have been undertaking extensive R&D for the usage of INAAT in the detection of cancer-specific molecular biomarkers and the development of drugs specific to these biomarkers.

Hospitals dominated the segment with the largest market share in 2016. Development of wireless communication and miniaturized point of care INAAT instruments aids hospital-based analysis by providing single-level access to diagnostic results throughout the hospital. Automation, a large number of samples for the detection of infectious diseases, and demand for accurate results are factors expected to boost dominance.

As per the end-user analysis, the reference labs segment is expected to exhibit growth due to an increasing number of reference laboratories and high adoption of novel & accurate molecular diagnostic techniques. Various public funding bodies such as CDC, NIH, as well as private investors, such as Wellcome Trust and Bill & Melinda Gates Foundation, encourage the development of advanced technologies for rapid analysis of specific infectious diseases.

North America dominated the regional segment for the INAAT market with the highest revenue in 2016. Economies in the region, including the U.S. and Canada, have exhibited high growth owing to established research infrastructure and rising research initiatives. Growth in the isothermal diagnostics market can be attributed to growing demand and investments from foreign players, which has led to increased competitive rivalry.

The Asia Pacific is anticipated to be the fastest-growing region over the forecast period. China has witnessed rapid urbanization owing to strong economic growth. An increase in disposable income in developing economies, a large population, an increase in investments in healthcare facilities, and unmet clinical needs are factors anticipated to drive the adoption of INAAT devices. Demand for cost-effective diagnosis and preventive medicine is also expected to boost the market.

Key Players

Alere, Inc.; bioMerieux SA; Eiken Chemical Co. Ltd.; Hologic, Inc. (Gen-Probe); Lucigen; QIAGEN; Quidel Corporation; Thermo Fisher Scientific; and Becton, Dickinson & Company.

Market Segmentation

  • By Product Outlook

    • Instrument

    • Reagent

  • By Technology Outlook

    • NASBA

    • HDA

    • LAMP

    • SDA

    • SPIA

    • NEAR

    • TMA

    • RCA

    • RPA

    • SMAP2

    • Others

  • By Application Outlook

    • Blood screening

    • Infectious disease diagnostics

    • Cancer

    • Others

  • By End-use Outlook

    • Hospitals,

    • Central and reference labs

    • Others

  • Regional Outlook

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

The Isothermal Nucleic Acid Amplification Technology market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Isothermal Nucleic Acid Amplification Technology market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Isothermal Nucleic Acid Amplification Technology market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Isothermal Nucleic Acid Amplification Technology market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Isothermal Nucleic Acid Amplification Technology market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Isothermal Nucleic Acid Amplification Technology capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Isothermal Nucleic Acid Amplification Technology by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Isothermal Nucleic Acid Amplification Technology market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Isothermal Nucleic Acid Amplification Technology market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Isothermal Nucleic Acid Amplification Technology market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Isothermal Nucleic Acid Amplification Technology industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Isothermal Nucleic Acid Amplification Technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Isothermal Nucleic Acid Amplification Technology market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Isothermal Nucleic Acid Amplification Technology market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Isothermal Nucleic Acid Amplification Technology market. These factors have benefited the growth of the global market for Isothermal Nucleic Acid Amplification Technology. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Isothermal Nucleic Acid Amplification Technology. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Isothermal Nucleic Acid Amplification Technology are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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