1. What is the projected Compound Annual Growth Rate (CAGR) of the Nucleic Acid Amplification Testing Market?
The projected CAGR is approximately 11.3%.
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Nucleic Acid Amplification Testing Market by Product Type (Consumables, Instruments/Systems), by Technology (Polymerase chain reaction (PCR) tests, Isothermal nucleic acid amplification technology (INAAT) tests, Ligase chain reaction (LCR) tests), by Application (Infectious disease testing, Oncology testing, Genetic & mitochondrial disease testing, Other applications), by End-use (Hospitals, Diagnostic laboratories, Biotechnology companies, Other end-users), by North America (U.S., Canada), by Europe (Germany, UK, France, Spain, Italy, Rest of Europe), by Asia Pacific (Japan, China, India, Australia, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East and Africa (Saudi Arabia, South Africa, UAE, Rest of Middle East and Africa) Forecast 2025-2033
The size of the Nucleic Acid Amplification Testing market was valued at USD XXX Billion in 2023 and is projected to reach USD XXX Billion by 2032, with an expected CAGR of 11.3% during the forecast period.Nucleic Acid Amplification Testing (NAAT) is the collective term given to a range of molecular technologies used to identify and amplify certain sequences of nucleic acids, including DNA and RNA, present in a specimen. These technologies are highly sensitive and specific; thus, a minute amount of genetic material may be detected by them. NAAT has greatly revolutionized areas such as medical diagnostics, microbiology, and genetic research. In medical diagnostics, NAAT is extensively applied to identify infectious diseases such as viral diseases as well as bacterial and parasitic diseases. In genetic testing for hereditary diseases, it is applied for prenatal testing and for detecting cancer. It is seen that the increase in the number of infections, improved technologies, and personal medicine have encouraged the market to expand for NAAT.
The NAAT market is moderately concentrated, with the top players holding a significant market share. Innovation is driven by investments in research and development, particularly in areas such as multiplexing and automation.
Regulations play a crucial role in the market, ensuring the accuracy and reliability of NAAT tests. Regulatory approvals are required for the development and commercialization of new tests.
End-user concentration is high, as hospitals and diagnostic laboratories account for a majority of NAAT test volume. Mergers and acquisitions are prevalent in the market as companies seek to expand their product portfolios and geographical reach.
The NAAT market includes consumables, instruments/systems, and various technologies. Consumables such as reagents, primers, and probes account for a significant portion of the market revenue.
Instruments/systems include thermal cyclers, real-time PCR systems, and sequencing machines.
Polymerase chain reaction (PCR) tests dominate the NAAT market, but isothermal nucleic acid amplification technology (INAAT) tests and ligase chain reaction (LCR) tests are gaining traction.
The market is expected to continue its strong growth over the next decade. Factors such as increasing healthcare expenditure, technological advancements, and the rising prevalence of chronic diseases will drive the market.
In August 2023, Becton, Dickinson and Company (BD) received U.S. FDA clearance for its BD Respiratory Viral Panel (RVP) for BD MAX System. This single molecular diagnostics test distinguishes SARS-CoV-2, influenza A, influenza B, and Respiratory Syncytial Virus (RSV).
In March 2023, Bio-Rad Laboratories, Inc. announced that AOAC INTERNATIONAL and AFNOR approved the CFX Opus Deepwell Real-Time PCR System for use with Bio-Rad iQ-Check Real-Time PCR Kits, enhancing in-vitro diagnostics capabilities.
1. Product Type
2. Technology
3. Application
4. End-use
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East and Africa
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 11.3% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 11.3%.
Key companies in the market include Abbott Laboratories, Becton, Dickinson and Company, bioMerieux S.A., Bio-Rad Laboratories, Inc., Danaher Corporation, F. Hoffmann La Roche AG, Illumina, Inc., QIAGEN N.V., Seegene Inc., Siemens Healthineers AG.
The market segments include Product Type, Technology, Application, End-use.
The market size is estimated to be USD 7.3 Billion as of 2022.
Rising prevalence of infectious diseases globally. Increasing adoption of personalized medicine. Growing demand for point of care testing. Rising R&D investments for developing novel biotechnological diagnostic techniques.
N/A
High cost of instruments and reagents. Stringent regulatory scenario.
In August 2023, Becton, Dickinson and Company (BD) announced U.S. FDA clearance for its BD Respiratory Viral Panel (RVP) for BD MAX System. These single molecular diagnostics test distinguished SARS-CoV-2, influenza A, influenza B, and Respiratory Syncytial Virus (RSV) in about two hours using a single nasal or nasopharyngeal swab. This strategy increased the product portfolio and strengthened BD's market position.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850, USD 5,350, and USD 8,350 respectively.
The market size is provided in terms of value, measured in Billion.
Yes, the market keyword associated with the report is "Nucleic Acid Amplification Testing Market," which aids in identifying and referencing the specific market segment covered.
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