Nucleic Acid Testing Market Technological Advancements and Competitive Outlook to 2028

Nucleic Acid Testing Market

Nucleic acids are large biomolecules made up of nucleotides. These monomers contain a nitrogenous base, a phosphate group and a five-carbon sugar.

SEATTLE, WASHINGTON, USA, January 14, 2022 /–“Nucleic Acid Testing Market 2022 Analysis by Market Trends (Drivers, Restraints, Opportunities, Threats, Investment Challenges and Opportunities), Size, Share and Outlook” has been added to Coherent Market Insights.

Market Overview:

Nucleic acids are large biomolecules made up of nucleotides. These monomers contain a nitrogenous base, a phosphate group and a five-carbon sugar. This structure is essential for the functioning of cell membranes and the maintenance of DNA integrity. Although nucleic acids are the basis of life, they are also the source of disease and the cause of many types of cancer. Read on to learn more about the properties and role of nucleic acids in health and disease. Nucleic acids are made up of chains of nucleotides. Each nucleotide has a specific role in the assembly of nucleic acids. As such, each nucleotide is a separate and distinct molecule. The three-dimensional structure of nucleotides makes it easier for cells to make polymers. As such, nucleotides are vital for cell function. DNA is the blueprint of life. It contains four nitrogen containing bases, adenine, guanine, cytosine and uracil. The nitrogen molecule acts as a base in nucleic acids and can bind to hydrogen, oxygen, and carbon molecules. It also contains a single hydroxyl group. These differences make the structure of nucleic acids unique. However, it is important to note that deoxyribonucleic acid is more abundant than its RNA cousin.

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Competitive Landscape:

Key players operating in the global nucleic acid testing market include Illumina Inc., Hologic Inc., Hoffmann-La Roche Ltd, Grifols SA, Bio-Rad Laboratories Inc., bioMérieux SA, Dickinson and Company,

Key Market Drivers:

The increasing prevalence of infectious diseases in the world is expected to augment the growth of the global nucleic acid testing market. For example, according to the World Health Organization, every year about 3 to 5 million cases of influenza occur each year in the world. In addition to RNA, nucleic acids also contain amino acids. RNA is a monomer, while DNA is a double strand. The bases in DNA are numbered from one to five and form complementary pairs with other bases on the same strand. This allows the RNA to fold, resulting in a DNA molecule. This structure is essential for performing specific functions within the cell. Its role is to store genetic information in the body. The growing prevalence of biotechnology laboratories across the world is assessed to augment the growth of the global nucleic acid testing market.

Covid-19 impact analysis:

During the COVID-19 pandemic, there have been significant shifts in the global economy that have affected growth across all sectors. However, due to the increasing prevalence of clinical trials during the pandemic, in order to find accurate treatments, has boosted the growth of the global nucleic acid testing market.

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Key points to remember:

The global nucleic acid testing market size is expected to grow at a CAGR of 8%, driven by the rising prevalence of infectious diseases globally. For example, according to the World Health Organization, approximately 37.7 million people worldwide were suffering from HIV.

North America is expected to lead the growth of the global nucleic acid testing market, owing to the increasing prevalence of diseases such as influenza in the region. For example, according to the United States Centers for Disease Control and Prevention, in 2019 there were approximately 34,800 cases of HIV in the United States.

Asia-Pacific is estimated to be experiencing strong growth due to the growing prevalence of biotech labs in the region. Moreover, the growing expansion of major market players in the region is expected to boost the market.

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The research objectives for this report are:

‣ SWOT analysis focuses on the major global manufacturers to define, assess and analyze market competition. ‣By type, application and region the market is defined, described and forecast.
‣To examine the main global and regional market potential and benefits, opportunities and challenges, restraints and risks.
‣Determine whether trends and factors are driving or restraining market growth.
‣By identifying high growth categories, stakeholders would be able to analyze the market potential.
‣Perform strategic study of growth trends and market contribution of each sub-market.
‣Expansions, agreements, new product launches and market acquisitions are all examples of competitive developments.
‣Create a strategic profile of key players and thoroughly analyze their growth plans.

Reasons to buy this report

• Current and future prospects of the Nucleic Acid Testing market in both developed and emerging markets
• The segment that is expected to dominate the market as well as the segment that holds the highest CAGR during the forecast period.
• Regions/countries expected to experience the fastest growth rates during the forecast period
• The latest developments, market shares and strategies employed by major market players

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