DNA Probes based Diagnostics Market is projected to expand at a steady CAGR over the Forecast Period

DNA Probes based Diagnostics Market is projected to expand at a steady CAGR over the Forecast Period

The stretches of single-stranded DNA are known as DNA probes and are utilized to identify complementary nucleic acid sequences by means of hybridization. They are marked with a label like fluorescence or color. These probes allow researchers to detect a distinct in a mixture, a specific DNA. To separate the DNA strands, the DNA sample is heated, after which the probe is applied.

 

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Market Drivers

Investments have increased due to the growing adoption of DNA probes in new disease identification and new players’ foray. In diagnostics as well in other fields such as micro-fabrication, data handling, molecular biology, instrumentation development, biological sample preparation, and surface chemistry, the DNA probes-based technology is used extensively.

Also increased automation in diagnosis tests is likely to create lucrative growth opportunities for the global DNA probes-based diagnostics market and this market is expected to grow at a growth rate of over 5% during the period from 2022 to 2027. Due to the burgeoning healthcare expenditure across countries, the DNA probes diagnostics market has lucrative opportunities to expand.

For the precise detection of infections, DNA probes-based diagnostics are gaining immense popularity. This is because antibiotic resistance is the biggest threat to global health and the new resistance mechanisms are developing and expanding globally, thus hampering the ability to treat widespread infectious diseases.

 

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Segmentation Analysis

Based on application, the market is segmented into infectious diseases, cancer, genetic predisposition, identity/forensics and others. Infectious diseases segment is anticipated to witness significant growth during the forecast period. This can be attributed to rising number of infectious diseases across the globe.  Moreover, increasing old age population is envisioned to positively impact the growth of market.

Market Segmentation 

Application

  • Infectious Diseases
  • Cancer
  • Genetic Predisposition
  • Identity/forensics
  • Others

By Region

  • North America (The U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Poland, Turkey, Switzerland, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, South Korea, Vietnam, Philippines, Malaysia, Indonesia, Thailand, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Columbia, Argentina, Chile, and Rest of Latin America)
  • Middle East & Africa (South Africa, Saudi Arabia, UAE, Oman, Egypt, and Rest of Middle East & Africa)

Key Market Players

The key market players are:

  • Abbott Laboratories
  • Beckman Coulter Inc.
  • Becton Dickinson & Company
  • BioMerieux
  • F Hoffmann-La Roche Ltd.
  • GE Healthcare Life Sciences
  • Luminex Corporation
  • Qiagen NV
  • Siemens Healthineers
  • Thermofisher Scientific Inc.

 

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