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Nucleic Acid Testing Trends and Forecast
The future of the global nucleic acid testing market looks promising with opportunities in the hospital & clinic, pathology laboratory, and academic & research organization markets. The global nucleic acid testing market is expected to reach an estimated $6.7 billion by 2030 with a CAGR of 11.2% from 2024 to 2030. The major drivers for this market are rising need for precise and quick diagnostic tests, increasing need for nucleic acid test kits from blood banks and transfusion centers, and escalating incidence of cancer, genetic disorders, and infectious diseases.
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Nucleic Acid Testing by Segment
The study includes a forecast for the global nucleic acid testing by product type, indication, end use, and region.
Nucleic Acid Testing Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Polymerase Chain Reaction
• Ligase Chain Reaction
• Transcription–Mediated Amplification
• Whole Genome Sequencing
• Others
Nucleic Acid Testing Market by Indication [Shipment Analysis by Value from 2018 to 2030]:
• Infectious Disease
• Cancer
• Forensic Testing
• Personalized Medicine
• Others
Nucleic Acid Testing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals & Clinics
• Pathology Laboratories
• Academic & Research Organization
• Others
Nucleic Acid Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Nucleic Acid Testing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies nucleic acid testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the nucleic acid testing companies profiled in this report include-
• F. Hoffmann-La Roche
• Becton and Dickinson
• Danaher
• Abbott Laboratories
• Illumina
• Siemens Healthineers
• bioMérieux
Nucleic Acid Testing Market Insights
Lucintel forecasts that infectious disease will remain the largest segment due to considerable use of nucleic acid testing kit for genotype and subtype identification that aids in determining viral load.
North America is expected to witness highest growth over the forecast period due to increasing prevalence of infectious diseases among population and presence of strong government support for nucleic acid testing research and development in the region.
Features of the Global Nucleic Acid Testing Market
Market Size Estimates: Nucleic acid testing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Nucleic acid testing market size by product type, indication, end use, and region in terms of value ($B).
Regional Analysis: Nucleic acid testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, indications, end uses, and regions for the nucleic acid testing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the nucleic acid testing market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the nucleic acid testing market size?
Answer: The global nucleic acid testing market is expected to reach an estimated $6.7 billion by 2030.
Q.2 What is the growth forecast for nucleic acid testing market?
Answer: The global nucleic acid testing market is expected to grow with a CAGR of 11.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the nucleic acid testing market?
Answer: The major drivers for this market are rising need for precise and quick diagnostic tests, increasing need for nucleic acid test kits from blood banks and transfusion centers, and escalating incidence of cancer, genetic disorders, and infectious diseases.
Q4. What are the major segments for nucleic acid testing market?
Answer: The future of the nucleic acid testing market looks promising with opportunities in the hospital & clinic, pathology laboratory, and academic & research organization markets.
Q5. Who are the key nucleic acid testing market companies?
Answer: Some of the key nucleic acid testing companies are as follows:
• F. Hoffmann-La Roche
• Becton and Dickinson
• Danaher
• Abbott Laboratories
• Illumina
• Siemens Healthineers
• bioMérieux
Q6. Which nucleic acid testing market segment will be the largest in future?
Answer: Lucintel forecasts that infectious disease will remain the largest segment due to considerable use of nucleic acid testing kit for genotype and subtype identification that aids in determining viral load.
Q7. In nucleic acid testing market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to increasing prevalence of infectious diseases among population and presence of strong government support for nucleic acid testing research and development in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the nucleic acid testing market by product type (polymerase chain reaction, ligase chain reaction, transcription–mediated amplification, whole genome sequencing, and others), indication (infectious disease, cancer, forensic testing, personalized medicine, and others), end use (hospitals & clinics, pathology laboratories, academic & research organization, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Nucleic Acid Testing Market, Nucleic Acid Testing Market Size, Nucleic Acid Testing Market Growth, Nucleic Acid Testing Market Analysis, Nucleic Acid Testing Market Report, Nucleic Acid Testing Market Share, Nucleic Acid Testing Market Trends, Nucleic Acid Testing Market Forecast, Nucleic Acid Testing Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Nucleic Acid Testing Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Nucleic Acid Testing Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Nucleic Acid Testing Market by Product Type
3.3.1: Polymerase Chain Reaction
3.3.2: Ligase Chain Reaction
3.3.3: Transcription–mediated Amplification
3.3.4: Whole Genome Sequencing
3.3.5: Others
3.4: Global Nucleic Acid Testing Market by Indication
3.4.1: Infectious Disease
3.4.2: Cancer
3.4.3: Forensic Testing
3.4.4: Personalized Medicine
3.4.5: Others
3.5: Global Nucleic Acid Testing Market by End Use
3.5.1: Hospitals & Clinics
3.5.2: Pathology Laboratories
3.5.3: Academic & Research Organization
3.5.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Nucleic Acid Testing Market by Region
4.2: North American Nucleic Acid Testing Market
4.2.1: North American Nucleic Acid Testing Market by Indication: Infectious Disease, Cancer, Forensic Testing, Personalized Medicine, and Others
4.2.2: North American Nucleic Acid Testing Market by End Use: Hospitals & Clinics, Pathology Laboratories, Academic & Research Organization, and Others
4.3: European Nucleic Acid Testing Market
4.3.1: European Nucleic Acid Testing Market by Indication: Infectious Disease, Cancer, Forensic Testing, Personalized Medicine, and Others
4.3.2: European Nucleic Acid Testing Market by End Use: Hospitals & Clinics, Pathology Laboratories, Academic & Research Organization, and Others
4.4: APAC Nucleic Acid Testing Market
4.4.1: APAC Nucleic Acid Testing Market by Indication: Infectious Disease, Cancer, Forensic Testing, Personalized Medicine, and Others
4.4.2: APAC Nucleic Acid Testing Market by End Use: Hospitals & Clinics, Pathology Laboratories, Academic & Research Organization, and Others
4.5: ROW Nucleic Acid Testing Market
4.5.1: ROW Nucleic Acid Testing Market by Indication: Infectious Disease, Cancer, Forensic Testing, Personalized Medicine, and Others
4.5.2: ROW Nucleic Acid Testing Market by End Use: Hospitals & Clinics, Pathology Laboratories, Academic & Research Organization, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Nucleic Acid Testing Market by Product Type
6.1.2: Growth Opportunities for the Global Nucleic Acid Testing Market by Indication
6.1.3: Growth Opportunities for the Global Nucleic Acid Testing Market by End Use
6.1.4: Growth Opportunities for the Global Nucleic Acid Testing Market by Region
6.2: Emerging Trends in the Global Nucleic Acid Testing Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Nucleic Acid Testing Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Nucleic Acid Testing Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: F. Hoffmann-La Roche
7.2: Becton and Dickinson
7.3: Danaher
7.4: Abbott Laboratories
7.5: Illumina
7.6: Siemens Healthineers
7.7: bioMérieux
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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