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Nucleic Acid Isolation and Purification Market Expected to Reach USD 6.17 Billion By 2028 at a Healthy CAGR of 8.6% – Reports and Data

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Nucleic Acid Isolation and Purification Market Expected to Reach USD 6.17 Billion By 2028 at a Healthy CAGR of 8.6% – Reports and Data

September 23
20:10 2022
Nucleic Acid Isolation and Purification Market Expected to Reach USD 6.17 Billion By 2028 at a Healthy CAGR of 8.6% - Reports and Data
Nucleic Acid Isolation and Purification Market
The global nucleic acid isolation and purification market size is expected to reach USD 6.17 Billion by 2028 at a CAGR of 8.6%, according to the latest report by Reports and Data

The global nucleic acid isolation and purification market size is expected to reach USD 6.17 Billion by 2028 at a CAGR of 8.6%, according to the latest report by Reports and Data. Rapid adoption of nucleic-based tests in clinical diagnostics, growth in genomics research, increasing use of sequencing techniques to identify and diagnose diseases, and rapid technological advancements in biotechnology and pharmaceutical sectors are some key factors expected to drive market revenue growth over the forecast period. In addition, increasing investment in research and development in the fields of molecular biology and precision medicine are also expected to drive revenue growth of the market over the forecast period.

Nucleic acid isolation and purification is a routine procedure in molecular biology and forensic analysis. Nucleic acid is a starting point for numerous downstream applications and the quality of nucleic acids in the sample play a major role in determining the success of subsequent steps of analysis. Nucleic acid extraction and purification is majorly done to disintegrate cell envelope and achieve maximal removal of lipids and proteins to obtain high-quality and yield and DNA or RNA. The nucleic acid samples generated by this technique are then used for various purposes such as in sequencing, cloning, polymerase chain reaction, and others. It enables efficient identification and detection of pathogens, microorganism, and genetic aberrations in the given sample. This has contributed significantly to progress of genomics research and is expected to further fuel revenue growth of the market over the forecast period.

Increasing application of Next-Generation Sequencing (NGS) and liquid biopsies for early detection and diagnosis of cancer is also expected to boost revenue growth of the market going ahead. However, lack of skilled technicians, incidence of nucleic acid degradation, and high costs of reagents and instruments are expected to restrain market growth to a certain extent over the forecast period.

Some Key Highlights From the Report:

  • The kits and reagents segment is expected to account for significant revenue share in the global market during the forecast period owing to increasing use of reagents and kits during DNA and RNA isolation procedures, rising demand during research studies, and increasing convenience of kits and reagents.
  •  
  • Magnetic beads segment is expected to register considerable revenue growth over the forecast period owing to increasing use of magnetic beads in isolation and purification techniques due to its ability to improve assay performance and generate high-quality nucleic samples.
  •  
  • RNA isolation and purification segment is expected to register significant revenue CAGR over the forecast period owing to increasing need for RNA isolation for COVID-19 diagnostics and rising use of mRNA for constructing cDNA library.
  •  
  • Diagnostics segment is expected to register significant revenue growth over the forecast period owing to increasing application of DNA and RNA isolation for identifying pathogens and microorganisms in samples.
  •  
  • Hospitals and diagnostic centers segment revenue is expected to expand considerably over the forecast period owing to increasing demand for early screening and diagnosis of diseases and infections in a cost-efficient, accurate, and time-efficient manner.
  •  
  • North America is expected to account for largest revenue share in the global market over the forecast period owing to rising technological advancement, growing investment in biotechnology research, and robust presence of key players in the region.
  •  
  • In October 2020, Purigen Biosystems, Inc. introduced Ionic Cells to Pure DNA Low Input Kit to help researchers study genetic diseases in limited biological samples. The automated 60-minute workflow produces high-quality DNA samples for study of genetic abnormalities and assessment of treatment response to disease.

 

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3968

 

Increasing advancement in genomics research, rising adoption of sequencing techniques in clinical diagnostics, and growing investment in R&D in molecular biology and precision medicine are key factors driving market growth – Our Expet Opinion

 

Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in the healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register the highest market growth over the forecast period attributed to the increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.

The growing popularity of over-the-counter medications driving market growth

Growing incidence of acute and chronic diseases and lesser access to advanced medical facilities owing to low disposable income levels are driving the demand for over-the-counter medications. Availability of generic and low-cost alternatives to medical therapies are some other factors playing a major role in driving demand for over-the-counter medications.

Restriction on product launches and R&D activities to hamper the market growth

The imposition of strict government regulations and shortage of funds has put a halt on product launches and R&D activities and is expected to restrain market growth over the forecast period. In addition, the launch of expensive drugs and therapies and increasing regulations regarding safety and approvals are also hampering the market growth.

 

Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.

Top Companies Profiled in the Report:

QIAGEN N.V., Thermo Fisher Scientific, Roche AG, Merck KGaA, Agilent Technologies Inc., Illumina, Inc., Takara Bio, Inc., Promega Corporation, GE Healthcare, Danaher Corporation, New England Biolabs, and Bio-Rad Laboratories.

Nucleic Acid Isolation and Purification Market Segmentation:

Product Outlook (Revenue, USD Billion; 2018-2028)

  • Kits & Reagents
  • Instruments

 

Method Outlook (Revenue, USD Billion; 2018-2028)

  • Column
  • Magnetic Beads
  • Others

 

Type Outlook (Revenue, USD Billion; 2018-2028)

  • Genomic DNA isolation and purification
  • Plasmid DNA isolation and purification
  • RNA isolation and purification
  • miRNA isolation and purification
  • Others

 

End-use Industry Outlook (Revenue, USD Billion; 2018-2028)

  • Hospitals & Diagnostics Centers
  • Pharmaceutical & Biotechnology Companies
  • Academic & Research Institutes
  • CROs
  • Others

 

Regional Outlook:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)

 

Frequently asked questions addressed in the report:

  • What is the revenue growth rate of the global Nucleic Acid Isolation and Purification market over the forecast period?
  • What are the major factors driving the growth of the Global Nucleic Acid Isolation and Purification Market?
  • What are the key challenges impacting the global Nucleic Acid Isolation and Purification market growth?
  • What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?

 

Thank you for reading our report. For more details please connect with us and our team will ensure the report is customized to meet all the needs of clients. The report also offers a comprehensive regional analysis and specific countries can be included in the report according to the requirements.

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About Reports and Data

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