Loop-mediated Isothermal Amplification Market Analysis

End-user (Hospital Laboratories, Research, Academic Institutes, Diagnostic Centers)

The global loop-mediated isothermal amplification (LAMP) market is segmented and analyzed for demand and supply by end-user in hospital laboratories, research and academic institutes, and diagnostic centers. Out of these, the hospital laboratories segment is estimated to gain the largest market share by the end of 2036 owing to the high spending by patients to receive test results from reputable laboratories and their association with blood banks, hospitals, and specialist diagnostic centers. It is believed that by 2024, the medical and diagnostic laboratories of hospitals in the United States are estimated to generate around USD 54 billion in revenue. In addition to this, the release of precise and cutting-edge devices, including companion diagnostics, biochips, microarrays, and other technological advancements in the laboratories segment, is estimated to drive the segment growth over the forecast period.

Application (Diagnostic, Research Purposes)

The global loop-mediated isothermal amplification (LAMP) market is also segmented and analyzed for demand and supply by application for diagnostic and research purposes. Out of these two segments, the diagnostics segment is expected to garner the highest segment share owing to the rising need for diagnosing diseases among the population. The sudden shift towards unhealthy lifestyles and the consumption of deleterious food items is generating illnesses and infections that need to be diagnosed and treated. As a result, the demand for loop-mediated isothermal amplification is forecast to increase in the upcoming few years.

Our in-depth analysis of the global market includes the following segments: