Global Nucleic Acid Testing Market 2016-2020

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

• PCR
• SDA
• LCR