Isothermal Nucleic Acid Amplification Technology (INAAT) Market worth $1,651 Million by 2018 - New Research Report by MarketsandMarkets
(PRWEB) October 29, 2014 -- The “Isothermal Nucleic Acid Amplification Technology (INAAT) Market by Application (Infectious Diseases, Blood Screening, Research), Products (Instruments, Reagents), End-User (Hospital, Reference Laboratories, Other) - Global Forecast to 2018” provides a detail overview of major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the global Isothermal Nucleic Acid Amplification technology market along with the estimates and forecast of revenue and share analysis.
Browse 31 market data tables and 53 figures spread through 215 pages and in-depth TOC on "Isothermal Nucleic Acid Amplification Technology (INAAT) Market"
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The global isothermal nucleic acid amplification technology (INAAT) market is poised to reach $1,651 million by 2018 at a CAGR of 13.5% during the forecast period. The increasing demand for enhanced molecular testing using INAAT as well as rising incidence of infectious diseases is driving market growth over the conventional thermal polymerase chain reaction (PCR) technology.
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The study covers different product, application, and end-user segments of the global isothermal nucleic acid amplification technology market. The INAAT product segment is categorized into reagent and instrument sub-segments, whereas the INAAT application segment is classified into infectious diseases, blood screening and research sub-segments. The scope of the end-users study of isothermal nucleic acid amplification technology includes hospitals, reference laboratories and others sub-segments.
Amongst various application areas, INAAT is widely used for the detection of infectious diseases; it is expected to grow at the highest CAGR of 14.4% during the forecast period due to high incidence rate of various infectious diseases such as HIV and hepatitis A & B globally. On the other hand, rapid emergence of reference laboratories and rising importance of isothermal technology in different complex molecular testing are expected to ensure a significant adoption of technologies in reference laboratory.
Infectious disease was found to be the highest revenue generating segment of the global INAAT market in 2013; it accounted for the largest share of 57.2% of the global INAAT market in 2013 and is expected to grow at 14.4% CAGR during the forecast period. The significant growth of infectious disease application market is attributed to high incidence of various infectious diseases such as HIV and hepatitis A & B and increasing adoption of INAAT in infection detection globally. In addition to infectious disease application, the study also found an emerging scope of isothermal technology in blood screening application to ensure the quality of donated blood through its early prognosis of pathogen, whereas adoption of INAAT is still limited in research application globally. Increasing adoption in cancer research, whole genome amplification, mutation, SNP detection and expression analysis is expected to drive the INAAT research application market.
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North America commanded the largest market share of about 44% in 2013; it is poised to grow at a CAGR of 13.3% during the forecast period. Asian INAAT market is expected to witness the highest CAGR due to increasing prevalence of infectious diseases and governments’ initiative behind the rapid adoption of novel technologies in molecular testing. Leading players in the global INAAT market are also expected to capitalize on the unmet needs in emerging nations such as India, China, South Africa, Singapore, and Middle East in the coming years.
The key players in the market include Alere, Inc. (U.S.), Becton, Dickinson & Company (U.S.), BioHelix (U.S.), bioMerieux (France), Hologic Gene-Probe (U.S.), and QIAGEN (The Netherlands).
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