What is Nucleic Acid Isolation and Purification Market?
Nucleic acid isolation and purification are one of the first steps in most molecular biology. There presents a wide variety of instruments and processes for nucleic acid extraction. Increasing advent of automation in research processes, there is a surging need for automatic nucleic acid extraction systems. Automated Nucleic Acid Extraction Systems provide high-speed, cleaner, and more consistent nucleic acid extraction.
Highlights from Nucleic Acid Isolation and Purification Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Agilent Technologies (United States), QIAGEN (Netherlands), Illumina (United States), Takara Bio (Japan), Thermo Fisher Scientific (United States), Roche (Switzerland), Merck KGaA (Germany), Promega Corporation (United States), General Electric Company (United States), Danaher Corporation (United States), New England Biolabs (United States) and Bio-Rad Laboratories (United States) |
CAGR | 6.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Nucleic Acid Isolation and Purification market throughout the forecasted period.
Agilent Technologies (United States), QIAGEN (Netherlands), Illumina (United States), Takara Bio (Japan), Thermo Fisher Scientific (United States), Roche (Switzerland), Merck KGaA (Germany), Promega Corporation (United States), General Electric Company (United States), Danaher Corporation (United States), New England Biolabs (United States) and Bio-Rad Laboratories (United States) are some of the key players profiled in the study. Nucleic Acid Isolation and Purification Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Diagnostics, Drug Discovery and Development, Precision Medicine, Agriculture & Animal Research and Other |
Type | Kits, Reagents and Instruments |
Method Type | Column-based Isolation and Purification,Reagent-based Isolation and Purification,Magnetic Bead-based Isolation and Purification,Other Methods |
End User | Research Centers and Academic & Government Institutes,Hospitals and Clinics,Pharmaceutical & Biotechnology Companies,Other |
On the basis of geography, the market of Nucleic Acid Isolation and Purification has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Trend of Molecular Diagnostics and Personalized Medicine Development and Technological Advancements and Increasing Automation
Market Growth Drivers:
Increasing Public-Private Funding for Life Science Research, Rise in the R&D Funding in Biotechnology and Healthcare and Surging Public and Private Partnerships in R&D in the Life Science and Biotechnology Industries
Challenges:
Low Penetration of this Technology in Emerging Countries
Restraints:
High Cost of Automated Instruments and Lack of Automation and Skilled Professionals in Developing Economies
Opportunities:
Wide-Range Applications of Nucleic Acid Testing in Diagnostics, Increasing Prevalence of Genetic Disorders, Cancer, and Infectious Diseases and Shifting from Being Product-Oriented to being a Service-Oriented Platform
Key Target Audience
Hospitals and Diagnostic Centers, Contract Research Organizations, Healthcare Institutions, Research Institutes, Pharmaceutical and Biotechnology Companies and Others
Market Leaders & Development Strategies
In 2020, Thermo Fisher acquired QIAGEN N.V., a provider of molecular diagnostics and sample preparation technologies. It is anticipated that the acquisition add innovative sample preparation, assay, and bioinformatics capabilities to the company's specialist portfolio.
In 2022, Thermo Fisher invested USD 97 million to expand its clinical research operations in Richmond, Virginia. The facility promotes clinical research programs by offering top-notch bioanalytical lab services.