LexaGene’s pathogen detection instrument aims to offer rapid and sensitive testing to multi-billion dollar markets in need of better vigilance against pathogens that could endanger health and harm business. LexeGene’s disruptive technology is on-demand and offers results in about an hour, unlike anything that’s been developed to date.
Veterinary Diagnostics
$5.4 Billion USD Market by 2024
- Large animal and pet diagnostics
- Infectious diseases such as Kennel Cough can be quickly detected to prevent transmission
- Reference laboratory accounts for largest market share of the veterinary diagnostics market
- North America accounts for largest segment due to well-established animal healthcare market
Food Safety
$24.4 Billion USD market by 2023
- 1.1 B tests performed per year
- Mandatory food testing now required
- Prevents costly recalls, brand damage
- Fresher, safer product to customer (eliminates 2-day hold on food)
- Hundreds of food recalls in the US each year
- Major disease-causing pathogen: Salmonella/E. coli
Water Quality Testing
$3.5 Billion USD Market
- Municipal water testing (drinking water)
- Waste water treatment plants (verify cleanliness before releasing water into the surrounding ecosystem)
- Test for sewage overflow during rainstorms
- Test beaches for swim safety
Open-Access Testing
Customized testing markets
- Clinical Diagnostics $12.9B USD by 2025
- Pharma, biotech, academic labs – (18,000 moderate complexity CLIA labs in the US)
- Genotyping $11.8B USD
- PCR market $7B USD by 2026
- Sample Prep market $9.3B USD by 2025
Pandemic Prevention
Worldwide pandemic threat to global safety
- Possibility of pandemic catastrophe is real
- LexaGene technology ideally suited to prevent pandemic spread
- Need rapid time to results for quarantine decisions
- Test at point-of-care required (hospitals, clinics, institutions)
- Need tests that can be easily deployed
- Require reagents that are easy to manufacture for worldwide coverage
- Current testing methods don’t meet the needs
Other Markets
LexaGene’s technology has a wide range of applications across other markets:
- Border crossings
- Biodefense
- Military bases and aircraft carriers
- Cruise ships
- Etc.