Isothermal Nucleic Acid Amplification Technology (INAAT) Market worth $1,651
Million by 2018
DALLAS, May 16, 2014
DALLAS, May 16, 2014 /PRNewswire/ --
According to the new market research report " 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 ",
published by MarketsandMarkets, the global Isothermal Nucleic Acid
Amplification Technology (INAAT) Market is poised to reach $1,651 Million by
2018 at a CAGR of 13.5%.
Browse 31 market data Tables and 53 Figures spread through 215 P ages and
in-depth TOC on "Isothermal Nucleic Acid Amplification Technology (INAAT) "
Early buyers will receive 10% customization on this report.
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.
In addition to increasing population suffering from infectious disease and
cancer, promise for less expensive molecular testing using INAAT, better
throughput in gene amplification, and advent of novel technologies such as
Loop-Mediated Isothermal Amplification (LAMP), Nucleic Acid Sequence Based
Amplification (NASBA) and Helicase Dependent Amplification (HDA) play pivotal
role in propelling market momentum. On the other hand, inadequate advanced
infrastructure and higher dependency on convention method (PCR technology)
restrict market growth globally.
Amongst various applications of INAAT, prognosis and diagnosis of infectious
disease allows a huge scope for market penetration of novel isothermal
technologies such as Loop-Mediated Isothermal Amplification (LAMP), Nucleic
Acid Sequence Based Amplification (NASBA) and Helicase Dependent Amplification
(HDA) among others. Infectious disease application market, especially sexually
transmitted disease (STD) and hepatitis A & B, is expected to witness a double
digit growth rate during the forecast period. Moreover, blood screening
application is also expected to be a significant revenue pocket of INAAT due
to increasing practice of mandatory testing of donated blood at blood donation
unit to ensure the quality of blood sample.
End-users analysis identified reference laboratory as a potential segment
ensuring a rapid growth of various isothermal amplification technologies in
different complex molecular testing; whereas, technology roadmap analysis
expected a rapid adoption of single miniaturized devices in the global
molecular diagnostics industry.
Various private investors, venture capital firms (Bill & Melinda Gates
Foundation, Wellcome Trust), and public funding bodies (the National
Institutes of Health and the Centers for Disease Control and Prevention) were
found to be significant investors encouraging speedy penetration of advanced
isothermal technologies. On the other hand, demand side analysis considered
portability and affordability the major factors contributing the competitive
edge to isothermal technologies as compared to convention PCR technology.
Increasing prevalence rate of infectious diseases and significant adoption of
novel technologies are expected to ensure a double digit growth in emerging
nations, especially in India, China, South Africa, Singapore, and Middle East.
However, INAAT in developed countries is also expected to witness a steady
grow in the diagnosis of various infectious diseases such as
healthcare-associated infections and sexually transmitted diseases.
The key players in the Isothermal Nucleic Acid Amplification Technology
(INAAT) M arket 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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