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Pharmaceutical industry

Global Nucleic Acid Testing Market to Reach $13.8 Billion by 2015

Strategic Insights

— 1 min read

The global nucleic acid testing market is expected to experience significant growth, reaching $13.8 billion by 2015. This market is driven by the increasing demand for genetic testing, advances in technology, and the need for personalized medicine. The report profiles 46 key and niche players in the industry, including Abbott Laboratories, Inc., Agilent Life Sciences and Chemical Analysis, and Genomic Health, Inc.

Key Takeaways:

  • The global nucleic acid testing market is expected to reach $13.8 billion by 2015, growing at a compound annual growth rate (CAGR) of 10.2%.
  • The market is driven by the increasing demand for genetic testing, with applications in infectious disease diagnosis, cancer diagnosis, and genetic disease diagnosis.
  • The report profiles 46 key and niche players in the industry, including Abbott Laboratories, Inc., Agilent Life Sciences and Chemical Analysis, and Genomic Health, Inc.
  • Strategic corporate developments, such as mergers and acquisitions, and product launches, are key drivers of market growth.
  • The market is expected to be driven by the adoption of next-generation sequencing (NGS) technology, which enables faster and cheaper sequencing of DNA.
  • The report covers market trends, product launches, regional market perspective, and other developments in the industry.

Statistics:

  • The global nucleic acid testing market is expected to reach $13.8 billion by 2015, growing at a CAGR of 10.2%.
  • The market is expected to grow at a CAGR of 10.5% in the Asia-Pacific region, driven by the increasing demand for genetic testing.
  • The market is expected to reach $4.5 billion in the United States by 2015, growing at a CAGR of 9.5%.
  • The report estimates that over 46% of the global nucleic acid testing market is dominated by the infectious disease diagnosis segment.

Sources:

  • Research and Markets (http://www.researchandmarkets.com/research/45eabd/nucleic_acid_testi)
  • Abbott Laboratories, Inc. (http://www.abbott.com)
  • Agilent Life Sciences and Chemical Analysis (http://www.chem.agilent.com)
  • Genomic Health, Inc. (http://www.genomichealth.com)

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