The loop-mediated isothermal amplification market is expected to be valued at USD 110.6 million in 2024. The pace of progress for the market from 2024 to 2034 is expected to be normal, with a CAGR of 4.9%. By the end of the forecast period, the loop-mediated isothermal amplification industry value is slated to hit USD 178.4 million.
Attributes | Details |
---|---|
Loop-mediated Isothermal Amplification Market Value for 2024 | USD 110.6 million |
Projected Market Value for 2034 | USD 178.4 million |
Value-based CAGR of Market for 2024 to 2034 | 4.9% |
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Microfluidic technology rules the roost when it comes to the technology used in LAMP procedures. LAMP is predominantly applied for clinical diagnostics.
Microfluidic technology is expected to account for 63.8% of the market share by technology in 2024. Factors driving the growth of the microfluidic technology are:
Attributes | Details |
---|---|
Top Technology | Microfluidic Technology |
Market Share (2024) | 63.8% |
Clinical diagnostic application of loop-mediated isothermal amplification is anticipated to account for 63.8% of the market share in 2024. Some of the factors for the growth of clinical diagnostic application of loop-mediated isothermal amplification are:
Attributes | Details |
---|---|
Top Application | Clinical Diagnostics |
Market Share (2024) | 63.8% |
The Asia Pacific is emerging as a hub for healthcare research, thus aiding the loop-mediated isothermal amplification’s cause in the region. The growing incidence of genetic disorders in the region is also positively affecting the market in the Asia Pacific.
Europe being at the forefront of healthcare technology is proving conducive to the market’s progress in the region. The European Union’s initiatives to control the spread of newer diseases is also helping the market’s cause in Europe.
Countries | CAGR (2024 to 2034) |
---|---|
China | 5.3% |
India | 6.2% |
United Kingdom | 4.7% |
Spain | 5.6% |
Italy | 4.9% |
The market is anticipated to register a CAGR of 6.2% in India for the forecast period. Some of the factors driving the growth of the market in the country are:
The United Kingdom is set to see the market expand at a CAGR of 4.7% over the forecast period. Prominent factors driving the growth of the market are:
The market is expected to register a CAGR of 5.3% in China during the forecast period. Some of the factors driving the growth of the market in China are:
The market is set to progress at a CAGR of 5.6% in Spain during the forecast period. Factors influencing the growth of the market in Spain include:
The market is expected to register a CAGR of 4.9% in Italy. Some of the reasons for the growth of loop-mediated isothermal amplification in the country are:
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Since loop-mediated isothermal amplification is still a developing process, the market is currently being controlled by a few reputed names. However, as the knowledge about the procedure grows, new entrants are steadily making their way into the market.
Market players are collaborating with healthcare and research institutions to eradicate the lack of awareness about the procedure. Both public and private investment are being sought by market players in their bid to develop the procedure further.
Recent Developments in the Loop-mediated Isothermal Amplification Market
The market size of the loop-mediated isothermal amplification industry is estimated to be USD 110.6 million in 2024.
Jena Bioscience GmbH, HiberGene Diagnostics, Meridian Bioscience, Inc., and Mast Group Ltd. are some of the key companies in the loop-mediated isothermal amplification market.
The loop-mediated isothermal amplification market is expected to reach a valuation of USD 178.4 million in 2034.
The loop-mediated isothermal amplification industry is expected to progress at a solid CAGR of 4.9% over the period from 2024 to 2034.
The loop-mediated isothermal amplification market can be segmented into the following categories: product, technology, application, and end-user.
The loop-mediated isothermal amplification market is predicted to progress at a CAGR of 6.2% in India over the period from 2024 to 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product 5.1. Instruments 5.1.1. Incubation Systems 5.1.2. Turbidimeter 5.1.3. Agarose Gel Electrophoresis 5.1.4. Fluorescence Measuring Systems 5.2. Kits & Reagents 5.2.1. DNA Polymerase 5.2.2. Primer Mix 5.2.3. DNA Polymerase & Primer Mix 5.2.4. Dyes 5.2.5. Others 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology 6.1. Microfluidic Technology 6.2. Advanced Infrared Optical Technology 6.3. Modern Microsystem Technology 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Diagnostic Purposes 7.2. Research Purposes 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User 8.1. Hospital Laboratories 8.2. Research and Academic Institutes 8.3. Diagnostic Centres 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Jena Bioscience GmbH 19.2. HiberGene Diagnostics 19.3. Meridian Bioscience, Inc. 19.4. Mast Group Ltd. 19.5. Excellgen, Inc. 19.6. Merck KGaA 19.7. QIAGEN N.V 19.8. NIPPON GENE CO., LTD 19.9. New England Biolabs 19.10. Bio-Rad Laboratories, Inc. 19.11. Thermo Fisher Scientific 20. Assumptions & Acronyms Used 21. Research Methodology
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