Medical Loop-mediated Isothermal Amplification (LAMP) Kit Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Medical Loop-mediated Isothermal Amplification (LAMP) Kit Market Size

The global Medical Loop-mediated Isothermal Amplification (LAMP) Kit market is projected to grow from US$ 71 million in 2024 to US$ 88 million by 2030, at a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period.

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Medical loop-mediated isothermal amplification (LAMP) is a single-tube technique for the amplification of DNA and a low-cost alternative to detect certain diseases. Reverse Transcription Loop-mediated Isothermal Amplification (RT-LAMP) combines LAMP with a reverse transcription step to allow the detection of RNA.

According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.

By Type
• DNA
• RNA

By Application
• Hospitals
• Clinics

Key Companies
Nippon Gene, Mast Group, New England Biolabs, Optigene, Lucigen Corporation

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