Industry Background:
DNA extraction kits are fast, accurate, and easy to use for the analysis of microorganisms. These DNA extraction kits have been enhanced with a combination of PCR and electrophoresis instruments for rapid analysis and quantification of DNA samples. Moreover, this isolated DNA is used directly in PCR assays using tailor-made kits which efficiently work with all types of sample matrices. Technological advancement in this market has made the industry flourish at a growing speed. For example, Robotic Liquid Handling Technology which is used in automated DNA extraction systems helps immensely in streamlining the tasks involved in extracting DNA from a sample.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Dominating Application | Hospital Laboratories |
Key Companies Profiled | Thermo Fisher Scientific (United States), PerkinElmer, Inc.(United States), Gilson Incorporated (United States), Danaher Corporation (United States), Seegene (South Korea) , Autogen (United States), Bee Robotics (United Kingdom), Hangzhou Bioer Technology (China), BioChain Institute, Inc. (United States) and Bioneer (South Korea) |
According to AMA, the market for DNA Extraction Kit is expected to register a CAGR of 7.12% during the forecast period to 2028. This growth is primarily driven by Growing Incidence of Cancer across the Globe and Rising Need for DNA Extraction.
Globally, a noticeable market trend is evident The Rising Trend of Personalized Medicine
The Biotechnology sector in the NA region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Thermo Fisher Scientific (United States), PerkinElmer, Inc.(United States), Gilson Incorporated (United States), Danaher Corporation (United States), Seegene (South Korea) , Autogen (United States), Bee Robotics (United Kingdom), Hangzhou Bioer Technology (China), BioChain Institute, Inc. (United States) and Bioneer (South Korea), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global market of the DNA Extraction Kit market is concentrated and companies or vendors focus more on the growth prospects in the fast-growing segments as well as maintain their positions in the slow-growing segments of this market and enable themselves to hold their market share in this industry.
Key Developments in the Market:
In June 2021, Bio-Rad Laboratories Inc., a life science research and clinical diagnostic product, announced a partnership with Seegene, Inc., for the clinical development and commercialization of infectious disease molecular diagnostic products.
In Feb 2020, Promega Corporation launched its new Wizard® HMW DNA Extraction Kit for researchers working with large fragments of genomic DNA. The kit, as demonstrated in a poster presented at this week’s 2020 Advances in Genome Biology and Technology (AGBT) meeting, enables researchers to obtain DNA that will provide strong performance in long-read sequencing applications in a 90-minute manual protocol. and In 2019, New England BioLabs announced the launch of the Monarch Genomic DNA Purification Kit. This kit has robust applications in the high-yield purification of a material having a high molecular weight DNA sample.
Regulatory Insights:
The Food and Drug Administration (FDA) in the United States controls certain DNA extraction kits that are used for diagnostic purposes and are regarded as medical devices. Before being marketed and utilized in clinical settings, these kits may need FDA approval.
Influencing Trend:
The Rising Trend of Personalized Medicine and Adoption of DNA Sequence Technology in the Extraction of DNA Process
Market Growth Drivers:
Growing Incidence of Cancer across the Globe and Rising Need for DNA Extraction
Challenges:
High Concern Related to the Health of a Patient While Extracting or Diagnosing the DNA
Restraints:
Stringent Rules Related to DNA Extraction
Opportunities:
Increasing Automation in DNA Extraction Technology and Rising Awareness of New and Innovative Technologies across Globe
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in DNA Extraction Kit Market
- Analysis about New Entrants in DNA Extraction Kit Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, DNA Extraction Kit Study Sheds Light on
The DNA Extraction Kit Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the DNA Extraction Kit industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where DNA Extraction Kit industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.