The global Isothermal Nucleic Acid Amplification Technology (INAAT) Market was valued at USD 1.4 billion in 2021 and it is anticipated to grow up to USD 3.1 billion by 2031, at a CAGR of 8.4% during the forecast period.
Isothermal nucleic acid amplification technology (INAAT) methods allow for the rapid, exponential detection of a nucleic acid target sequence. This process is not limited by the constraint of thermal cycling. Isothermal amplification, when integrated into microsystems or portable devices, improves nucleic acid-based on-site diagnostics and increases sensitivity. In addition, using different enzymatic approaches to separate the two DNA strands prior to replication, INAAT can achieve amplification in 15-16 minutes.
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Market Trends and Drivers
The rising prevalence of infectious diseases around the world is expected to fuel market growth significantly over the forecast period. The rising prevalence of infectious diseases such as influenza, HIV, and tuberculosis has increased the demand for better diagnostic and treatment procedures in healthcare institutions. According to the WHO report 2021, 1.5 million people died from tuberculosis in 2020. Tuberculosis is the world’s 13th leading cause of death and the second leading infectious killer, after only COVID-19 (but above of HIV/AIDS). Furthermore, nearly 10 million people worldwide were infected with tuberculosis in 2020. There were 5.6 million males, 3.3 million women, and 1.1 million children. Tuberculosis affects people of all ages and in all countries.
PCR is the standard method for diagnosing such disorders. However, with developments in INAAT, the diagnosis can be accomplished rapidly and affordably. As a result, the demand for diagnostics for these disorders has increased, as has the need for INAAT solutions. As a result, the rising prevalence of chronic diseases has increased demand for INAAT diagnostic services, propelling overall isothermal nucleic acid amplification technology market growth.
Market Restraints and Challenges
Lack of awareness about this technology may hamper the industry growth to some extent. Another key restraint in the INAAT market is the high cost of this technology. INAAT is a very expensive technology and this makes it unaffordable for many people. This high cost is a major barrier to the widespread adoption of this technology. The main challenge in the INAAT market is to make this technology more affordable so that it can be adopted by a larger number of people. This challenge can be addressed by increasing awareness about this technology and by reducing its cost of this technology.
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Major Players in the Global Isothermal Nucleic Acid Amplification Technology (INAAT) Market
The key players in the market Becton, Dickinson & Company, Hologic Inc. , Grifols S.A. , Meridian Bioscience , Quidel Corporation , Qiagen, BioMérieux SA , Tecan Trading AG , DiaSorin S.p.A., and Abbott Laboratories Inc., among others.
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