Factors such as extensive adoption of genetic engineering by research institutes and pharmaceutical companies, technological advancement in diagnostic technique, sensory technology enables the rapid analysis, rising awareness about molecular diagnostic testing driving the market growth of nucleic acid testing globally.
The report titled “Nucleic Acid Testing Market - Growth, Future Prospects and Competitive Analysis, 2023–2030” offers strategic insights into the overall nucleic acid testing market along with the market size and estimates for the duration of 2020 to 2030. The research study covers in-depth analysis of market segments based on technology, application and different geographical regions.
Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global nucleic acid testing market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global nucleic acid testing market. This report concludes with company profiles section that highlights major information about the key players engaged in global nucleic acid testing market. In-depth competitive environment analysis and historical years (2021) market size data are also provided in the report.
Nucleic acid testing or nucleic acid amplification testing is generally abbreviated as NAT or NAAT. Variations exist in genome sequences of every individual; that makes NAT an ideal technique for identification of different disorders such as cancer, infectious diseases, genetic disorders, and mitochondrial disorders. Factors such as rapid, sensitive and specific methods compared to the traditional methods of diagnosis is driving the market growth of nucleic acid testing. NAT is widely used to detect and identify organisms for diagnosis, prognosis, and treatment of diseases. Previously NAT was used to screen HIV and HCV virus, however, its application has extended to detect human T-lymph tropic virus, treponema pallidum, hepatitis B virus, west nile virus, plasmodium and trypanosoma. It is observed that, in the base year 2016 infectious diseases held largest market share. NAT is capable of identifying genotypes and subtypes, determining resistance to particular antibiotics, and identifying viral load. All these factors are influencing the market growth of infectious disease segment. Some unique factors such as identification of fastidious bacteria, bacterial resistance testing, determination of bacterial infection after antibiotics are increasing the demand for NAT in identification of infectious disease. In recent years, NAT extensively used for early diagnosis of genetic variations and prevention of cancer. It is estimated that, NAT will play an important role in personalized and predictive medicine in future to avoid adverse reaction of medicines.
Nucleic acid test (NAT) is also known as nucleic acid amplification test (NAAT), is molecular technique used as screening method to detect genetic material such as DNA or RNA. NAT can detect pathogens, it is capable of detecting infectious donations faster than current tests because it detects genetic material rather than antigens or antibodies. Due to its accuracy and specificity demand for nucleic acid testing has increased in recent years. Sample extraction, amplification and target amplicon detection are the major process involved in NAT. Nucleic acid amplification perform by using three methods such as target amplification systems, probe amplification systems and signal amplification. It is observed that target amplification methods such as polymerase chain reaction, strand displacement amplification, ligase chain reaction and transcription-mediated amplification are most widely used in market. In the base year 2021, polymerase chain reaction was observed as the largest revenue generating segment as it is lower cost technique play fundamental role in disease detection, cloning, DNA typing, structural analysis, sequencing, mutation analysis and mapping.
Nucleic acid testing is technique that involves amplification and detection of genetic material such as DNA or RNA. Variations exist in genome sequences of every individual, it makes NAT an ideal technique for detection of different disorder, prenatal screening and carrier screening. Technological advances in diagnostic method, increase in prevalence of infectious and genetic disease are driving the growth of NAT market. It is observed that NAT is widely accepted diagnostic technique in developed countries. Currently, NAT has been adopted in several countries such as Canada, France, Australia, New Zealand, South Africa, and other countries in Europe and Asia. In base year 2021, North America was largest contributor in global nucleic acid testing market and occupied a significant portion of the global market. United States observed as largest revenue generating market in North America. Factors such as technological advancement, extensive adoption of genetic engineering and higher investment in R&D activities driving the market growth of NAT in North America. Asia Pacific is anticipated to show fastest growth rate during forecast period. Factors such as improving economic condition, populous countries and increasing demand of NAT would drive the market growth in Asia Pacific region during forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Nucleic Acid Testing market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Technology
| |
Applications
| |
|
Region Segment (2022-2032; US$ Million)
|
Key questions answered in this report
