Loop-mediated Isothermal Amplification (LAMP) Market is expected to reach a valuation of US$ 120.4 Million by 2028 | FMI
The Loop-mediated Isothermal Amplification (LAMP) Market is expected to be worth US$ 95.1 million in 2021. The global market is expected to reach US$ 120.4 billion by 2028, growing at a 3.4% CAGR.
Dominance of DNA Polymerase Adoption to Prevail, LAMP Instruments to Emerge Lucrative
DNA polymerase will continue to be widely used in research and diagnostics. According to FMI’s report, DNA polymerase will be the most profitable product in the loop-mediated isothermal amplification market over the forecast period. The report does, however, state that instruments such as turbidimeters and fluorescence measuring systems will gain significant traction in the loop-mediated isothermal amplification market through 2028.
Amongst various loop-mediated isothermal amplification technologies, micro-fluidic technology majorly, have been successfully used in the diagnosis of several diseases including malaria and tuberculosis. Loop-mediated isothermal amplification using DNA polymerase has seen a rapid rise in the past several years due to the high adoption of loop-mediated isothermal amplification in testing.
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The use of Loop-mediated isothermal amplification in assessing and directing diagnosis in certain diseases, such as acute malaria, has added a new dimension to the gradually expanding field of minimal residual disease management.
High Penetration of Cutting-edge Technology Molecular Diagnostics of Fatal Diseases to Push LAMP Market Growth
The simplicity sensibility and specificity of loop-mediated isothermal amplification puts it in a very good position for future development in life threatening disease diagnosis. It is anticipated that the loop-mediated isothermal amplification market will grow significantly during the forecast period, owing mainly due to demand for advanced molecular diagnostics to accurately diagnose life-threatening diseases.
In recent years, there has been an increase in the detection and identification of nucleic acids in various clinical and industrial settings using point-of-care total nucleic acid analysis systems and procedures, including loop-mediated isothermal amplification. In addition, loop-mediated isothermal amplification has posed a challenge to PCR-based amplification because it can achieve improved nucleic acid amplification by increasing the surface area to volume ratio while lowering testing costs.
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Macroeconomic indicators such as government funding for advancement and increased research on disease epigenetics; establishment of network of distribution and marketing agreements to ensure availability of products to different loop-mediated isothermal amplification end users globally; liberalization of import and export trade on point of care diagnostic devices and chemical reagents are also anticipated to propel the growth of the loop-mediated isothermal amplification market.
Key Challenges Facing Development of Loop-mediated Isothermal Amplification Market
On the grey side, loop-mediated isothermal amplification has several intrinsic disadvantages such as its amplification method is devoid of an internal PCR inhibition control (IC). It is essential to perform all the reactions in duplicate, one being or the target and the other one for the IC in loop-mediated isothermal amplification assay.
Furthermore, due to the presence of polymerase inhibitors, most standard DNA polymerases are unable to exhibit activity in samples derived from crude lysate. The additional steps involved in purifying DNA to be used for amplification add complexity to the loop-mediated isothermal amplification processing, which may result in loss of starting material.
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Loop-Mediated Isothermal Amplification Market: Additional Questions Answered
- What is the revenue potential of the Loop-Mediated Isothermal Amplification Markets across North America and Europe?
- Who are the key competitors and what are their portfolios in the Loop-Mediated Isothermal Amplification Market?
- What are the major challenges influencing the growth of the Loop-Mediated Isothermal Amplification Market?
- How is intervention from regulatory authorities shaping the growth of the Loop-Mediated Isothermal Amplification Market?
Regions with High Disease Prevalence to Reflect High Growth Potential for LAMP Market
Due to increase in prevalence of malaria and other pandemic diseases, regions such as East and South Asia are anticipated to be the fastest growing regional loop-mediated isothermal amplification markets and are poised to offer tremendous opportunities to key players. The increase in disease prevalence will increase the demand for the use of loop-mediated isothermal amplification for point-of-care diagnosis. Besides, distribution & collaboration agreements by leading players of loop-mediated isothermal amplification products with the established local distributors in the regions will fuel the market growth of both the regions.
The loop-mediated isothermal amplification market report tracks some of the key companies operating in the global loop-mediated isothermal amplification market such as :
- Eiken Chemcial Co.Ltd
- New England Biolabs
- Jena Bioscience GmbH
- NIPPON GENE CO.
- HiberGene Diagnostics
- Meridian Bioscience Inc.
- Mast Group Ltd.
Based on product type
- incubation systemsTurbidimeters
- Agarose gel electrophoresis
- fluorescence measuring systems
- kits & reagents
- DNA polymerase
- Primer Mix
- DNA Polymerase &Primer mix
- other reagents
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Based on Technology
- microfluidic technology
- advanced infrared optical technology
- modern microsystem technology
Based on Application
- research purpose
Based on End User
- hospital & laboratories
- research & academic institutes
About Future Market Insights (FMI)
Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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