The global Nucleic Acid Assays market size is expected to reach USD 4.91 billion by 2028 and register a CAGR of 7.9% over the forecast period, according to the latest report by Reports and Data. Increasing prevalence of cancer, Alzheimer’s, and other chronic diseases, rising adoption of personalized medicines, and increasing implementation of Nucleic Acid Assays are some key factors boosting global market revenue growth.

Multiple assays are a type of immunoassays that help in quantifying multiple analytes in a single reaction cycle. These are derived from ELISA and are more preferred over singleplex ELISA as they are highly efficient, have greater throughput, and are time-efficient due to ability or enable analysis of multiple samples in a single run.

Global market growth is gaining traction due to technological developments in these assays, growing prevalence of chronic diseases, and increasing government funding for research. Moreover, factors, such as investments by key players to develop new and improved products and increasing adoption of personalized medicine are factors augmenting market revenue growth.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/4008

The pharma and healthcare industry is expected to observe significant growth over the coming years attributed to the increasing incidence of chronic diseases across the globe, growing geriatric patient pool, availability of advanced and minimally invasive surgical and diagnostics procedures, favorable reimbursement scenario, and presence of a robust product pipeline of drugs and therapeutics. In addition, the growing integration of IoT, ML, and AI in medical procedures and equipment along with rapid progress in drug design and development. A combination of innovation and technology has brought about massive changes in the healthcare industry and the rapid adoption of telemedicine, remote consultation, and e-prescription has significantly contributed to the revenue growth of the market.

Some key highlights in the report:

  • In context to end use, the hospital segment accounted for largest market share in 2020 and is expected to account for fastest CAGR during the period owing to high rate of diagnostic testing in hospitals, availability of well-trained staff round the clock, and quick accessibility as compared to reference laboratories.
  • On the basis of type, the protein-based assays segment revenue is projected to expand at fastest CAGR over the forecast period owing to rising adoption of these assays in research-based projects.
  • The market in Europe is expected to account for significant revenue share between 2021 and 2028 due to growing geriatric population, increasing chronic disorders, rapidly increasing clinical trials, and beneficial government initiatives to promote Nucleic Acid Assays in the region.
  • The market in Asia Pacific is projected to register fastest revenue CAGR of 8.5% throughout the forecast period owing to various factors such as increasing geriatric patient pool, growing prevalence of Alzheimer’s disease and cataract, and high revenue contribution from India and China.
  • Latin America market revenue is expected to expand at a steady rate due to low penetration of multiplex assay technology and strict government policies in countries in the region.

  Research Methodology:

Reports and Data utilizes a unique approach to research to offer a comprehensive overview of the global Nucleic Acid Assays Market to offer insights into investment opportunities for stakeholders, investors, clients, and businesses to make informed decisions. The report includes SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis to offer a better understanding of the market scenario.

Inquiry Before Buying @ https://www.reportsanddata.com/inquiry-before-buying/4008

Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in the healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register the highest market growth over the forecast period attributed to the increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.

The growing popularity of over-the-counter medications driving market growth

Growing incidence of acute and chronic diseases and lesser access to advanced medical facilities owing to low disposable income levels are driving the demand for over-the-counter medications. Availability of generic and low-cost alternatives to medical therapies are some other factors playing a major role in driving demand for over-the-counter medications.

Restriction on product launches and R&D activities to hamper the market growth

The imposition of strict government regulations and shortage of funds has put a halt on product launches and R&D activities and is expected to restrain market growth over the forecast period. In addition, the launch of expensive drugs and therapies and increasing regulations regarding safety and approvals are also hampering the market growth.

  Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.

Top Companies Profiled in the Report:

  • Abbott Laboratories
  • Hoffmann-La Roche
  • Siemens Healthineers
  • Luminex Corporation
  • Thermo Fisher Scientific
  • Danaher Corporation
  • Bio-Rad Laboratories
  • Biomérieux
  • Bühlmann Laboratories
  • Sekisui Medical
  • Randox Laboratories

  Nucleic Acid Assays Market Segmentation:

Product & Services Outlook:

  • Consumables
  • Instruments
  • Software & Services

Type Outlook:

  • Protein Nucleic Acid Assays
    • Planar Protein Assays
    • Bead-based Protein Assays
    • Other Protein Assays
  • Nucleic Acid Assays
    • Planar Nucleic Acid Assays
    • Bead-based Nucleic Acid Assays
    • Other Nucleic Acid Assays
  • Cell-based Assays

Class of Drug Outlook:

  • Antiepileptic Drugs
  • Antibiotic Drugs
  • Immunosuppressant Drugs
  • Antiarrhythmic Drugs
  • Bronchodilator Drugs
  • Psychoactive Drugs
  • Others

Technology Outlook:

  • Flow Cytometry
  • Fluorescence Detection
  • Luminescence
  • Multiplex RT-PCR
  • Other Technologies
  • Liquid chromatography–mass spectrometry (LC-MS)
  • dPCR
  • Colorimetric Detection

Application Outlook:

  • Research & Development
    • Drug Discovery & Development
    • Biomarker Discovery and Validation
  • Clinical Diagnostics
    • Infectious Diseases
    • Cancer
    • Cardiovascular Diseases
    • Autoimmune Disease
    • Nervous System Disorders
    • Metabolism & Endocrinology Disorders

End Use Outlook:

  • Pharmaceutical & Biotechnology Companies
  • Hospitals
  • Academic & Research Institutes
  • Reference Laboratories
  • Other End Use
    • Blood banks
    • CROs
    • Forensic Labs

Regional Outlook:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)

  Frequently asked questions addressed in the report:

  • What is the revenue growth rate of the global Nucleic Acid Assays market over the forecast period?
  • What are the major factors driving the growth of the Global Nucleic Acid Assays Market?
  • What are the key challenges impacting the global Nucleic Acid Assays market growth?
  • What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?

Request customization on the report @ https://www.reportsanddata.com/request-customization-form/4008

Thank you for reading our report. For more details please connect with us and our team will ensure the report is customized to meet all the needs of clients. The report also offers a comprehensive regional analysis and specific countries can be included in the report according to the requirements.

Explore Latest Trending Research Reports By Reports and Data:

BCG Vaccine Market @ https://www.reportsanddata.com/report-detail/bcg-vaccine-market

Dry Mouth Relief Market @ https://www.reportsanddata.com/report-detail/dry-mouth-relief-market

Bioreactors and Fermenters Market @ https://www.reportsanddata.com/report-detail/bioreactors-and-fermenters-market

Medical Alert Systems Market @ https://www.reportsanddata.com/report-detail/medical-alert-systems-market

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs