The global loop-mediated isothermal amplification market is anticipated to be worth $106.6 million in US dollars in 2024. With a CAGR of 4.9%, the market is predicted to grow at a typical rate between 2024 and 2034. The industry value for loop-mediated isothermal amplification is expected to reach US$ 178.4 million by the end of the forecast period.
A point-of-care diagnostic tool based on nucleic acids, loop-mediated isothermal amplification necessitates fingerpick quantities of cell lysis, nucleic acid extraction, and purification reagents before amplification can begin. It is acknowledged that loop-mediated isothermal amplification is a robust and dependable isothermal amplification method for pathogen detection in patient samples. In the global market, loop-mediated isothermal amplification is becoming more popular as a substitute for the conventional PCR approach due to developments and enhancements made to the amplification technique. Additionally, there is a growing need for loop-mediated isothermal amplification approaches due to the prompt detection of chronic disorders..
Applications of loop-mediated isothermal amplification in a variety of sectors have grown along with the number of research publications utilizing the technique. Notable advancements in Amplicon detection also support the market’s expansion. Monitoring loop-mediated isothermal amplification in real time Amplicon now makes use of pH-sensing, electrical, optical, and electrochemical methods. The market for loop-mediated isothermal amplification has been expanding steadily as a result of these developments in amplification technology.
“Global sales of loop-mediated isothermal amplification will be stimulated for the forecast period due to the growing application of loop-mediated isothermal amplification in multiple fields such as environmental science, bio-medicine, food and beverage, and others,” according to an FMI analyst.
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Key Takeaways:
- Rapid diagnosis of chronic diseases and improvements in Amplicon detection is expected to drive the market.
- Demand of loop-mediated isothermal amplification in China to witness a surge over the forecast period.
- The U.S. loop-mediated isothermal amplification market will experience significant growth propelled by adoption of microfluidic technology.
- Based on technology, microfluidic segment will be popular for the forecast period.
- Lack of versatility and absence of an internal PCR inhibition control limits market growth.
Competitive Landscape
Jena Bioscience GmbH, HiberGene Diagnostics, Meridian Bioscience, Inc., Mast Group Ltd., Excellgen, Inc., Merck KGaA, QIAGEN N.V, NIPPON GENE CO., LTD, New England Biolabs, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, and others are some of the major players in the loop-mediated isothermal amplification market that are profiled in the full version of the report.
Major organizations in the market are employing various tactics to expand their product portfolio as well as to increase their regional dominance. These businesses are focused on using aggressive pricing strategies to gain a competitive advantage in the market. Some global market players are investing in research and development agreements to increase product development, adopting distribution & licensing agreements with regional players, and establishment of network of distribution and marketing agreements to ensure availability of products to different end-users globally.
Key Segments:
Loop-mediated Isothermal Amplification Market by Product:
- Instruments
- Incubation Systems
- Turbidimeters
- Agarose Gel Electrophoresis
- Fluorescence Measuring Systems
- Kits & Reagents
- DNA Polymerase
- Primer Mix
- DNA Polymerase & Primer Mix
- Dyes
- Other Reagents
Loop-mediated Isothermal Amplification Market by Technology:
- Microfluidic Technology
- Advanced Infrared Optical Technology
- Modern Microsystem Technology
Loop-mediated Isothermal Amplification Market by Application:
- Diagnostic Purposes
- Research Purposes
Loop-mediated Isothermal Amplification Market by End User:
- Hospital Laboratories
- Research and Academic Institutes
- Diagnostic Centers
Loop-mediated Isothermal Amplification Market by Region:
- North America Loop-mediated Isothermal Amplification Market
- Latin America Loop-mediated Isothermal Amplification Market
- Europe Loop-mediated Isothermal Amplification Market
- East Asia Loop-mediated Isothermal Amplification Market
- South Asia & Pacific Loop-mediated Isothermal Amplification Market
- Middle East & Africa (MEA) Loop-mediated Isothermal Amplification Market
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Regional Analysis
According to the latest FMI reports, North America and the U.S. loop-mediated isothermal amplification market will witness significant growth in the market for the assessment period. Investments in the healthcare sector, constantly improving healthcare infrastructure as well as rising healthcare expenditure coupled with technological advancements in LAMP instruments are expected to fuel the market growth in North America.
Moreover, high incidences of chronic diseases along with the presence of key players in the U.S. also contribute to the market growth in this region. The growing awareness of chronic diseases, high prevalence of malaria and other pandemic diseases drives the demand for prompt diagnosis in the country. Added to this, the rising adoption of microfluidic technology over conventional techniques are driving the market expansion in the U.S
The LAMP market in China is expected to record impressive development during the forecast period, owing to the strong demand for cost-effective diagnostics, a less rigid regulatory environment, and the presence of a massive population base. Additionally, increasing government initiatives for research purposes and the development of LAMP techniques are propelling the market growth in China.
Category Analysis
According to the latest report by FMI, based on product, kits & reagents are predicted to account for 83.2% share of the loop-mediated isothermal amplification market in 2022. Owing to the overall use of loop-mediated isothermal amplification in testing, loop-mediated isothermal amplification-based kits and reagents have witnessed a rapid growth in popularity in recent years.
Several loop-mediated isothermal amplification-based kits & reagents have been developed over the years for simultaneous detection of pathogens in biological samples and food products.
Moreover, market players are collaborating to improve the sale of DNA polymerase and other loop-mediated isothermal amplification-based kits & reagents in all regions with the expectation of gaining maximum revenue share in the market. All these factors promote the growth of this particular loop-mediated isothermal amplification market segment.
Based on technology, microfluidic technology segment has gained traction over the years. The technology has been used to diagnose a variety of diseases, including malaria and tuberculosis. Advance fluidic components such as reaction chambers, micro-valves, micro-pumps, and micro-dispensers can be integrated with Lab-on-chip-based loop-mediated isothermal amplification assays to provide both micros as well as Nano droplet-size samples for multiplexing and high-throughput analysis. These properties along with others drive market growth of this segment.
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