Loop-mediated Isothermal Amplification Market Size

Loop-Mediated Isothermal Amplification (LAMP) Market size was over USD 116.27 Million in 2023 and is set to exceed USD 239.02 Million by the end of 2036, witnessing over 5.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of loop-mediated isothermal amplification is evaluated at USD 122.23 Million. The growth of the market can be attributed to the increasing number of chronic diseases among the population around the world. Further, the growing prevalence of illnesses such as diabetes, cardiovascular and respiratory diseases, cancer, and others, owing to the consumption of unhealthy foods, and rising stress levels among people are also expected to increase the utilization rate of loop-mediated isothermal amplification (LAMP) in the assessment period. It was found during research that more than 19.8% of India’s population suffers from at least one chronic illness, and nearly 10.1% of persons have multiple chronic illnesses.

Apart from the aforementioned factors, the market growth is also attributed to the rising need for the detection of pathogens in patient samples owing to the increasing cases of infection across the globe. Tuberculosis, hepatitis, and influenza are some of the infectious diseases that are responsible for taking millions of lives every year. Thus, the advantages of loop-mediated isothermal amplification, including disease-specific testing options, have made it a preferred option in various clinical and industrial settings. It was noted that at least 2 million Americans contract an infection that is unable to be treated each year, and at least 23,000 of them pass away.