Loop-mediated Isothermal Amplification Market Share

North American Market Forecast   

The North American loop-mediated isothermal amplification (LAMP) market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the increasing frequency of people being diagnosed with chronic diseases generating the need for loop-mediated isothermal amplification as a point-of-care genetic testing for treatment purposes. Recent statistics revealed that in the USA, 4 in 10 adults have two or more chronic diseases, and 6 in 10 have at least one chronic disease. Further, the high prevalence of infectious diseases among Americans is also expected to bring lucrative opportunities for using loop-mediated isothermal amplification for diagnosing and market expansion in the forecast period. Apart from these, the other contributing factor to the market’s growth is the presence of a strong healthcare network along with the major key players in the region. Moreover, the large pool of patients and their high expenditure on the healthcare sector, along with favorable policies, are also anticipated to contribute to the market’s growth in the region. In addition, the region's expanding investment to develop technologically advanced healthcare products and in the research and development (R&D) sector is also anticipated to boost market growth during the forecast period.