Global Nucleic Acid Testing Market Opportunities & Forecast 2018-2025 Global Nucleic Acid Testing Market Opportunities | Page 2

Nucleic acid amplification testing is gaining traction over conventional
diagnostic techniques because of its accuracy and high efficiency.
High usage of polymerase chain reaction technique in nucleic acid
testing is driving the growth of polymerase chain reaction segment
which is expected to exhibit significant revenue share during the
forecast period.
Advances in technology, along with the introduction of new and
improved reagents and instruments are likely to drive demand for
ligase chain reaction and polymerase chain reaction kits in the nucleic
acid testing market, globally. Ligase chain reaction segment is
expected to exhibit the highest CAGR of 7.9% during 2018–2025 due to
its characteristics of specificity and high sensitivity.
“Penetration rate of nucleic acid testing in emerging countries will
depend on the introduction of cost-effective kits and reagents and
automation in nucleic acid testing along with the integration of
molecular diagnosis into traditional laboratories through upgraded and
broadened testing capabilities.”
—-GMI Research
Based on geography, North America held the largest share in the
market in 2017 on account of reimbursement for Nucleic Acid Testing.
In addition, rise in research & development activities, increasing
volume of nucleic acid testing procedures and growing awareness of
molecular diagnosis in healthcare facilities are expected to boost the
market growth during the forecast period. Asia-Pacific is the fastest
growing region in the global nucleic acid testing market and is
projected to grow at CAGR of 8.0% during 2018-2025 due to high