The report on the global Isothermal nucleic acid amplification technology (INAAT) market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
Isothermal Nucleic Acid Amplification Technology is used in the field of molecular biology and recombinant DNA technology. Isothermal amplification technology is majorly used for the diagnosis of infectious diseases.
In recombinant DNA technology, polymerase chain reaction (PCR) is a common technique which uses the isothermal nucleic acid amplification technology. Rise in demand for INAAT as a molecular testing technique and rising incidences of infectious diseases is boosting the market growth.
There is an increasing need for rapid diagnostic procedures which is leading to the market growth. This report studies the current and future aspects of the INAAT market.
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KEY PREMIUM INDUSTRY INSIGHTS
- The INAAT market is growing at a fast pace during the forecasted period due to increased incidences of infectious diseases every year. There is rise in mortality rate due to respiratory infections, diarrhea, and pneumonia, due to which there is a demand for INAAT, which is promoting the market growth. Another reason that is contributing towards the growth of the INAAT market is the rise in ageing population worldwide.
- Due to this, there is a significant increase in number of molecular diagnostic techniques. In addition, INAAT technology is user-friendly, and fast in diagnosis which is boosting the market growth further. Key market players in the healthcare industry are investing into research and development activities to bring advancement in molecular diagnostic technology, which is creating newer growth opportunities for the market.
- Moreover, companies are entering into partnerships to manufacture a low cost diagnostic kit which is boosting the market growth further.
The global INAAT market is divided into is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and Rest of the world. The North America region holds the highest market share and is the largest revenue contributor of INAAT market.
The region continues to dominate the global market during the forecasted period because of well-established research infrastructure and increase in research initiatives in countries like U.S., and Canada. Also, there is high demand for diagnostic technologies among the key market players present in this region.
Next in line is the Asia-Pacific market which is witnessing a steady market growth mostly due to increase in aged population and growth of infections. Emerging economies like China and India are investing heavily into healthcare research activities, which is favoring the progress of the INAAT market in this region.
KEY MARKET PLAYERS
Key players in the isothermal nucleic acid amplification technology (INAAT) market include:
- bioMerieux SA
- Eiken Chemical Co. Ltd
- Hologic Inc.(Gen-Probe)
- Meridian Bioscience, Inc.
- Ustar Biotechnologies Ltd.
- Quidel Corporation
- Thermo Fisher Scientific Inc.
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