Nucleic acid testing market outlook
The global market for nucleic acid testing will grow at a CAGR of nearly 10% by 2020. According to the analysts, eminent factors like the higher adoption rate of molecular point-of-care (POC) testing will aid in the strong growth of this market during the forecast period. POC testing provides immediate results in non-laboratory settings to support more patient-centered approaches to healthcare delivery. The sensory technology enables the rapid analysis of blood samples. In the molecular diagnosis field, there is a higher adoption for POC testing systems as it helps in glucose self-testing. Also, due to the high cost of clinical diagnostic devices, the preference for molecular POC testing has increased.
Nucleic acid testing market growth based on geography
In terms of geography, the nucleic acid testing market will witness rapid growth in the Americas. The market in this region is dynamic, with the presence of more than 20 established companies that compete for the sales of nucleic acid testing systems and reagents. The market in this region also provides significant opportunities for vendors, particularly in the US, as private and government research institutes and pharmaceutical companies are extensively adopting genome engineering, next-generation sequencing, and gene editing technologies.
Nucleic acid testing market vendors
The global nucleic acid market is in the nascent stage and is characterized by the presence of large (tier 1), medium (tier 2) and small-sized companies (tier 3) companies. Most of the top-tier companies are present in the Americas and Western Europe. However, in APAC (such as China) there are many local vendors that account for a major share of the market in some areas. Factors such as advances in technology and new product launches also help in increasing the level of competition among vendors.
Top vendors in the nucleic acid testing market
- Abbott Laboratories
- Roche Molecular Systems
- Siemens Healthineers
- Hologic
- Qiagen
Nucleic acid testing market segmentation by technology
According to this market analysis, the polymerase chain reaction (PCR) segment will continue its market dominion until the end of 2020. PCR is one of the techniques in molecular biology, which is used for the amplification of genetic material such as DNA/RNA. It is one of the cheapest tools available for the diagnosis and detection of infectious diseases, paternity disputes, cancer, and other genetic disorders.
Nucleic acid testing market segmentation by end-users
- Hospitals
- Clinics
- Research institutes
Hospitals are an integral part of disease diagnosis, treatment, monitoring response to treatment, disease surveillance programs, and clinical research. The use of molecular diagnostic techniques helps in early diagnosis enabling appropriate and prompt intervention, thereby, reducing overall disease burden and promoting health. The data obtained from patient samples is used for the analysis and development of personalized medicines, and this is only possible in the laboratory setting of hospitals.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global nucleic acid testing market?
- What are the key market trends impacting the growth of the global nucleic acid testing market?
- What are the challenges to market growth?
- Who are the key vendors in the global nucleic acid testing market?
- What are the market opportunities and threats faced by the vendors in the global nucleic acid testing market?
- What are the key outcomes of the five forces analysis of the global nucleic acid testing market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product
PART 07: Market segmentation by indication
- Market overview
- Infectious diseases
- Cancer
- Genetics
PART 08: Market segmentation by technology
- Polymerase chain reaction (PCR)
- Strand displacement amplification (SDA)
- Ligase chain reaction (LCR)
- Others
PART 09: Market segmentation by end-users
- Hospitals
- Clinics
- Research institutes
PART 10: Geographical segmentation
- Nucleic acid testing market in Americas
- Nucleic acid testing market in the EMEA
- Nucleic acid testing market in the APAC
PART 11: Market drivers
- Genome engineering and gene editing on rise
- Higher adoption rate of molecular point-of-care (POC) testing
- Improved sensitivity for the detection systems
PART 12: Impact of drivers
PART 13: Market challenges
- High cost of equipment and reagents
- Stringent regulatory framework
- Risks associated with molecular diagnosis
PART 14: Impact of drivers and challenges
PART 15: Market trends
- Next generation sequencing
- Higher adoption rate for NAT
- Advances in precision and personalized medicine
PART 16: Vendor landscape
PART 17: Key vendor analysis
- Abbott Laboratories
- Roche Molecular Systems
- Siemens Healthineers
- Hologic
- Qiagen
- Key Companies to watch
- Other prominent vendors
PART 18: Appendix
PART 19: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape