The Nucleic Acid Labeling Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Nucleic Acid Labeling Global Market Report 2024, The nucleic acid labeling market size has grown strongly in recent years. It will grow from $2.34 billion in 2023 to $2.55 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increased healthcare expenditure, rise in r&d spending, increased genomics research and disease diagnosis, increased demand for personalized medicine, healthcare infrastructure.
The nucleic acid labeling market size is expected to see strong growth in the next few years. It will grow to $3.58 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to rising health awareness among people, growing penetration of key global players, increasing focus on patient-centered approaches, growing biotechnology sector, increasing use of dna sequencing. Major trends in the forecast period include advancements in tools for synthetic biology, advancements in labeling techniques, development of novel labeling techniques, innovative fluorescent dyes, integration of new labeling technologies in research and therapeutics.
The rise in infectious diseases is expected to propel the growth of the nucleic acid labeling market going forward. Infectious diseases are conditions caused by organisms, usually microscopic, such as parasites, fungi, viruses, and bacteria that are transmitted from one individual to another through indirect or direct contact. Nucleic acid labeling techniques offer improved specificity, sensitivity, multiplexing capability, visualization, real-time monitoring, and automation for the detection of infectious diseases such as tuberculosis, hepatitis, and gonorrhea. For instance, in March 2023, according to the Centers for Disease Control and Prevention, a US-based national public health organization, in the United States, 8,300 cases of tuberculosis (TB) were reported in 2022, a rise from 7,874 cases in 2021. Additionally, tuberculosis (TB) incidence increased slightly in 2022 (2.5 incidents per 100,000 people). Therefore, the rise in infectious diseases propels the growth of the nucleic acid labeling market.
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The nucleic acid labeling market covered in this report is segmented –
1) By Product Type: Kits, Reagents, Instruments
2) By Labeling Type: Radioisotope Or Radioactive Labels, Non-Radioactive Labels
3) By Method: Enzyme-Based, Chemical-Based
4) By Application: DNA Sequencing, Polymerase Chain Reaction, Fluorescence In Situ Hybridization (FISH), Microarrays, Blotting, In Situ Hybridization, Other Applications
5) By End User: Hospitals Or Clinics, Diagnostic Centers, Other End Users
Technological advancements are a key trend gaining popularity in the nucleic acid labeling market. Major companies operating in the nucleic acid labeling market are focused on advancements in nanotechnology to sustain their position in the market. For instance, in January 2023, Cambridge Nucleomics, a UK-based biotechnology company, developed a new technology nano bait. This technology is used for the diagnosis of highly multiplexed detection of nucleic acid signatures caused by respiratory pathogens and provides a faster solution for viral RNA detection compared to the other techniques.
The nucleic acid labeling market report table of contents includes:
1. Executive Summary
2.Nucleic Acid Labeling Market Characteristics
3. Nucleic Acid Labeling Market Trends And Strategies
4. Nucleic Acid Labeling Market analysis
5. Nucleic Acid Labeling Market Size And Growth
6.Nucleic Acid Labeling Segmentation
7. Nucleic Acid Labeling Regional And Country Analysis
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27. Nucleic Acid Labeling Competitive Landscape And Company Profiles
28.Nucleic Acid Labeling Key Mergers And Acquisitions
29.Nucleic Acid Labeling Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- General Electric Company
- F. Hoffman-La Roche AG
- Thermo Fisher Scientific Inc.
- Merck Group
- Roche Diagnostics Corporation
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