Strand Displacement Amplification Market Size

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.