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The latest report by IMARC Group, titled “Isothermal Nucleic Acid Amplification Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global isothermal nucleic acid amplification technology market size reached US$ 2.4 Billion in 2021. Isothermal nucleic acid amplification technology (INAAT) refers to the technique of detecting and analyzing nucleic acids. This method is commonly used to amplify nucleic acids at a constant temperature, eliminating the need for thermocycler equipment. In addition, the amplicons produced by this technique are utilized to construct versatile nucleic acid nanomaterials for applications in biomedicine, bioimaging, and biosensing. Owing to these properties, INAAT finds extensive applications in the healthcare sector for detecting various infectious diseases, such as HIV-AIDS, tuberculosis, influenza, hepatitis A and B, chlamydia and gonorrhea (CT/NG).
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Isothermal Nucleic Acid Amplification Technology Market Trends:
The market is primarily driven by the increasing adoption of INAAT for detecting coronavirus disease (COVID-19). In addition, the rising prevalence of chronic diseases and the escalating demand for efficient diagnosis and treatment alternatives are contributing to the market growth. Besides this, the widespread adoption of loop-mediated isothermal amplification (LAMP) tests that are used for the amplification of both DNA and RNA is also creating a positive market outlook across the globe. Moreover, various technological advancements, such as the development of strand displacement amplification (SDA), single primer isothermal amplification (SPIA) and recombinase polymerase amplification (RPA), along with the introduction of innovative product variants, represent another growth-inducing factor. Furthermore, the increasing research and development (R&D) activities in the field of microbiology, significant improvement in the healthcare infrastructure, and the rising geriatric population are some of the other factors anticipated to propel the market growth in the coming years. Looking forward, IMARC Group expects the market value to reach US$ 4.9 Billion by 2027, exhibiting a CAGR of 12.7% during the forecast period (2022-2027).
Market Summary:
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