Nucleic Acid Testing Market

30 Apr


Nucleic Acid Testing Market Poised to Grow at a CAGR of 7.9% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Nucleic Acid Testing market. The report presents analysis of global as well as regional markets of nucleic acid testing market over the period of 2016 to 2024.

Nucleic acid is a naturally occurring chemical compound that is capable of being broken down to yield phosphoric acid, sugars, and a mixture of organic bases (purines and pyrimidines). Nucleic acids are the main information-carrying molecules of the cell, and, by directing the process of protein synthesis, they determine the inherited characteristics of every living thing. Nucleic acids are molecules that allow organisms to transfer genetic information from one generation to the next. Genetic diseases occur when errors are introduced into the genes that carries DNA; those errors create faulty RNA that creates faulty proteins that don't function the way they're supposed to. Cancer is caused by damage to DNA or interference with the mechanisms for its replication or repair.


Major growth drivers for the nucleic acid testing market includes increasing prevalence of infectious diseases like cancer and genetic diseases, growing demand for technological advancements in testing methods and supportive regulatory mechanisms worldwide. However, the adverse events and false operative functionality associated with the nucleic acid testing kits and reagents may hamper the demand for the nucleic acid testing market product. Growing demand for new & improved testing methods that utilizes new reagent systems and automated amplification systems in wide range of applications will also provide this market with lucrative opportunities in the coming future.


Among the Geographies, North America dominated the nucleic acid testing market with the largest market share in terms of revenue. Asia Pacific is expected to grow at the highest CAGR during the forecast period owing to increase expenditure on healthcare and rising awareness about nucleic acid testing methods.


Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global nucleic acid testing market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.


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The recent report identified that North America dominated the global nucleic acid testing market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the nucleic acid testing market worldwide.


The report segments the global nucleic acid testing market on the basis of Product Type, Indication and End-User.


Global Nucleic Acid Testing Market by Product Type

·         Nucleic Acid Test Kits

·         Consumables


Global Nucleic Acid Testing Market by Indication

·         Infectious Disease

·         Cancer

·         Forensic Testing

·         Others


Global Nucleic Acid Testing Market by End-User

·         Hospitals

·         Pathology Laboratories

·         Research Institutes

·         Clinics


Companies Profiled in the Report

·         Abbott Laboratories, Inc.

·         Becton Dickinson and Company

·         Beckman Coulter, Inc.

·         Bio-Rad Laboratories, Inc.

·         Illumina, Inc.

·         Siemens Healthcare

·         Gen-Probe, Inc.

·         bioMérieux SA

·         Novartis AG

·         Hoffmann-La Roche Ltd

·         Sequenom, Inc.

·         Tecan Group Ltd.


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.