Nucleic Acid Amplification Detection and Diagnostics Market Growing at a CAGR of 13.4% from 2020 to 2027

Nucleic acid amplification technologies are used for the rapid and accurate diagnosis of chronic and infectious diseases. The nucleic acid amplification is one of the important tool for wide aspects of life science technologies including, clinical medicine development, diagnosis of infectious diseases, and gene cloning. Extensively increasing prevalence of chronic as well as infectious diseases is boosting the demand for state-of-the-art diagnostic systems. The nucleic acid amplification, detection, and diagnostics market is expected to witness a significant growth due to increasing prevalence of infectious diseases and rising demand for advanced diagnostic systems. However, lack of adequate infrastructure in emerging countries is estimated to hamper the growth of the market during the forecast period.

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The emergence of coronavirus is expected to have positive impact on the market growth. As nucleic acid related diagnostic technologies offer superior outcomes, majority of the market players are focusing on the product development equipped with nucleic acid tests. However, implementation of physical distancing policies and total shut down of businesses in order to prevent the viral infection disrupted the supply chain operations, which deterred the market growth by certain extent.

The growth of the nucleic acid amplification, detection, and diagnostics market is attributed to the factors such as increasing prevalence of chronic conditions and increasing demand for accurate and modern diagnostic measures. However, lack of expertise and inadequate infrastructure in emerging countries is likely to restraint the growth of the market during the forecast period.

BD, bioMerieux SA, Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Illumina, Inc., Danaher, QIAGEN, Abbott, Meridian Bioscience, Inc., and F. Hoffmann-La Roche Ltd. are among the leading companies operating in the nucleic acid amplification, detection, and diagnostics market.

Based on nucleic acid, the global nucleic acid amplification, detection, and diagnostics market is segmented into deoxyribonucleic acid (DNA) and ribonucleic acid (RNA). In 2019, the deoxyribonucleic acid (DNA) segment held the largest share of the market; also, the same segment is estimated to register the highest CAGR in the market during the forecast period. Factors such as rising adoption of DNA detection and amplification for disease diagnosis are estimated to contribute to the deoxyribonucleic acid (DNA) segment growth.

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Increasing number of investments and collaborations are playing a vital role in the development of advanced diagnostic kits and instruments. Additionally, the pharmaceutical companies and research institutes are emphasizing on utilizing nucleic acid amplification technologies, as they offer superior precession in disease diagnosis. For instance, in June 2020, Shionogi & Co., Ltd., a significant player in Japan pharmaceutical market entered into strategic collaboration with Gunma University, Nihon University, and Tokyo Medical University for the development of modernized diagnostic system for the detection of infectious diseases. This collaboration will exclusively work on signal amplification method in order to develop rapid test product.

Nucleic Acid Amplification Detection and Diagnostics Market- By Geography

North America
US
Canada
Mexico
Europe
France
Germany
Italy
UK
Spain
Rest of Europe

Asia Pacific (APAC)
China
India
South Korea
Japan
Australia
Rest of APAC

Middle East & Africa (MEA)
South Africa
Saudi Arabia
UAE
Rest of MEA

South & Central America
Brazil
Argentina

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This release was published on openPR.