Strand Displacement Amplification Market size is expected to register USD 20 billion by the end of 2036, expanding around 5% CAGR during the forecast period i.e., 2024 – 2036. In the year 2023, the industry size was USD 2 billion. The growth of this market can be attributed to the increasing prevalence of infectious and chronic diseases such as cancer, hepatitis, tuberculosis, and more. As per a report, around 350 thousand people specimen in China were diagnosed with influenza diagnosis out of which 49,260 cases were found positive.
Besides this, escalating demand for point-of-care genetic testing is predicted to drive the market growth as this testing process highly demands strand displacement amplification which is expected to drive the market further. For instance, as per the reports, it was found that point-of-care testing is receiving high traction as a tool as it offers immediate test results, and its implementation is rising day by day all across the globe.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2024 – 2036 |
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CAGR |
~5% |
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Base Year Market Size (2023) |
~USD 2 billion |
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Forecast Year Market Size (2036) |
~USD 20 billion |
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Regional Scope |
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Application (Tuberculosis, Hepatitis, Malaria, Influenza, Cancer)
Strand displacement amplification market from the cancer segment is set to observe the highest revenue share of 35% by the end of 2036. One of the key elements fuelling the segment's expansion is the rising incidence of cancer in the world. For instance, China is seeing a higher prevalence of malignancies, according to the data released in March 2022. The number of instances of new cancer in China in 2022 was predicted to be 4,820,000, with lung cancer being the most prevalent type.
End User (Hospitals, Diagnostics, Laboratories)
In terms of end users, the diagnostic laboratories segment is poised to account for the largest market share during the time period between 2024 – 2036. The growth of this segment can be ascribed to the increasing values of nucleic acid amplification in the healthcare domain. Additionally, strand displacement amplification technology is being utilized by research laboratories majorly by forensic labs, and is expected to boost the segment growth in the future times.
Our in-depth analysis of the global market includes the following segments:
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Product Type |
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Application |
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End User |
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North America Market Forecasts
The strand displacement amplification market in the North America region is predicted to hold the largest market share of 35% during the assessment period. The growth of this market in the region can be ascribed to the increasing demand for DNA-based testing and the implementation of advanced technologies that could detect and target specific gene mutations that can lead to diseases such as cancer, and other infectious diseases. As per the 2023 latest report, around 1.9 million new cases of cancer were recorded in the Unted States.
APAC Market Statistics
The market in the Asia Pacific region is estimated to grow substantially during the forecast timeframe. There have been significant advancements in strand displacement technology in recent times in the Asia Pacific region which have made it more sensitive specific and easy to use. This is making strand displacement amplification more appealing to researchers and clinicians in the APAC region as a result driving the strand displacement amplification market expansion in the Asia Pacific region in the future times.
Author Credits: Radhika Pawar
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