Nucleic Acid Amplification Market is Expected to Reach USD 6.66 Billion by 2030

PRESS RELEASE
Published August 17, 2023

Data Bridge Market Research has recently published a Report, titled, “Global Nucleic Acid Amplification Market ” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

According to the World Health Organization’s October 2021 report, tuberculosis is prevalent in all countries and age groups, and approximately 10 million people became ill with tuberculosis (TB) worldwide in 2020, with eight countries accounting for two-thirds of total TB cases, with India leading the count, followed by China, Indonesia, the Philippines, Pakistan, Nigeria, Bangladesh, and South Africa. Furthermore, according to the Joint United Nations Program on HIV/AIDS (UNAIDS) fact sheet Global HIV and AIDS Statistics 2021, 37.7 million people worldwide were living with HIV in 2020. As a result, the rising prevalence of infectious diseases is expected to drive market growth.

Data Bridge Market Research analyses that the nucleic acid amplification market which is USD 3.27 billion in 2022, is expected to reach USD 6.66 billion by 2030, at a CAGR of 9.3% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Download PDF Sample Report (Including Graphs, Charts, and List of Figures) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-nucleic-acid-amplification-market&Shri

Market Overview:

A Nucleic Acid Amplification Test, or NAAT, is a type of viral diagnostic test for the virus that causes COVID-19, SARS-CoV-2. NAATs recognize genetic material (nucleic acids). NAATs for SARS-CoV-2 specifically identify the RNA (ribonucleic acid) sequences that make up the virus’s genetic material. SARS-CoV-2 NAATs examine specimens from the upper or lower respiratory tract. The type of specimen collected during SARS-CoV-2 testing is determined by the test being performed and the manufacturer’s instructions. Collecting and Handling of Clinical Specimens for COVID-19 Testing by the CDC

Recent Developments

  • In 2022, The US Food and Drug Administration granted Emergency Use Authorization to Abbott’s ID Now COVID-19 2.0 quick point-of-care test. The test is performed using the company’s ID Now technology, which employs isothermal nucleic acid amplification to detect infectious illnesses qualitatively.
  • In 2020, Abbott received FDA approval for the emergency use of ID NOW COVID-19, a nucleic acid amplification test (NAAT), an isothermal, rapid system for qualitatively detection of COVID-19.

Opportunities

  • Technological Developments

A few of the country’s key market players are developing advanced diagnostics kits to compete with existing products, while others are acquiring and partnering with other market players. For instance, in March 2022, Thermo Fisher Scientific introduced two novel reverse transcription loop-mediated isothermal amplification (RT-LAMP)-based solutions to support ongoing viral infection research and surveillance, including SARS-CoV-2. While PCR remains the gold standard for diagnostic, lab-based testing, isothermal RT-LAMP nucleic-acid based amplification provides a quick and cost-effective option for identifying viral infections. Such developments are bolstering the region’s market growth.

Restraints/Challenges

  • High cost of tonometer devices

High cost of nucleic acid amplification and the low adoption rate in emerging and underdeveloped countries will obstruct the market’s growth rate.

This nucleic acid amplification market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nucleic acid amplification market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Fundamental Aim of this Market Report

  • Factors influencing This Market Size and growth rate.
  • Major alterations to this market in the near future.
  • Notable Market rivals around the world.
  • Future Scope and Product Outlook
  • Future-promising emerging markets.
  • The Market Presents Difficult Challenges and Threats.

To Gain More Insights into the Market Analysis, Browse the Summary of the Research Report@  https://www.databridgemarketresearch.com/reports/global-nucleic-acid-amplification-market?Shri

Some of the major players operating in the nucleic acid amplification market are:

  • Siemens (Germany)
  • Hologic, Inc. (U.S.)
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
  • Abbott (U.S.)
  • BD (U.S.)
  • F. Hoffmann-La Roche Ltd (Switzerland)
  • Thermo Fisher Scientific Inc. (U.S.)
  • Koninklijke Philips N.V. (Netherlands)
  • NeuroLogica Corp. (U.S.)
  • Shimadzu Medical (India) pvt. Ltd. (Japan)
  • General Electric (U.S.)
  • Quest Diagnostics Incorporated (U.S.)
  • Sysmex India Pvt. Ltd. (Japan)
  • Hitachi, Ltd. (Japan)
  • Canon Inc. (Japan)
  • FUJIFILM Holdings Corporation (U.K.)

Nucleic Acid Amplification Market Scope

Application

Technique

  • Target Amplification
  • Probe Amplification
  • Signal Amplification

Key highlights of this Market report:

  • Growth rate
  • Remuneration prediction
  • Consumption graph
  • Market concentration ratio
  • Secondary industry competitors
  • Competitive structure
  • Major restraints
  • Market drivers
  • Regional bifurcation
  • Competitive hierarchy
  • Current market tendencies
  • Market concentration analysis

What benefits does the DBMR study is going to provide?

  • Latest industry influencing trends and development scenario
  • Open up New Markets
  • To Seize powerful market opportunities
  • Key decision in planning and to further expand market share
  • Identify Key Business Segments, Market proposition & Gap Analysis
  • Assisting in allocating marketing investments

Table of Contents:

  1. Introduction
  2. Market Segmentation
  3. Executive Summary
  4. Premium Insights
  5. Market Regulations
  6. Market Overview

Continued…

Browse Detailed Summary of Research Report with TOC:  https://www.databridgemarketresearch.com/toc/?dbmr=global-nucleic-acid-amplification-market&Shri

Key Benefits of the Report:

  • This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
  • The current market is quantitatively analyzed to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.

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