Magnetic Beadbased Nucleic Acid Market to Garner Brimming Revenues by 2024
The magnetic bead-based nucleic acid extraction market is predicted to witness notable growth over the forecast period from 2020 to 2030. Increasing adoption of magnetic beads for the extraction of nucleic acids is a key factor fuelling the magnetic bead-based nucleic acid extraction market. Magnetic bead-based nucleic acid extraction is a commonly used method for nucleic acid purification, thereby boosting the magnetic bead-based nucleic acid extraction market.
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Availability of a number of magnetic bead-based extraction and purification kits for rapid and reliable extraction of nucleic acids strengthens growth in the magnetic bead-based nucleic acid extraction market. Furthermore, uniquely coated magnetic beads bind DNA with high affinity. As a result, DNA of high quality and high purity is obtained after magnetic separation technique. This DNA can be sued for enzyme sequencing, digestion, and analysis.
Key parameters based on which the magnetic bead-based nucleic acid extraction market is divided are product type, end user, and geography.
The report on magnetic bead-based nucleic acid extraction market elucidates demand dynamics and growth trends that are likely to influence the growth curve of the said market for the 2020 – 2030 forecast period. Furthermore, the report examines key segments and sheds light on growth rate of key segments over the forecast period. Insights into the competitive landscape, with a focus on growth strategies of key players and their revenue share projections over the above mentioned forecast period is another feature of this report.
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Magnetic Bead-based Nucleic Acid Extraction Market: Competitive Analysis
Competition in the magnetic bead-based nucleic acid market is intense due to the presence of several large players in the fray. R&D for improved extraction techniques is a key growth strategy of keen players in the magnetic bead-based nucleic acid extraction market.
Prominent companies operating in the magnetic bead-based nucleic acid extraction market include Thermo Fisher Scientific, Roche, Creative Diagnostics, Milan Analytica AG, Analytik Jena AG, Bioneer Corporation, DiaSorin S.p.A., AI Biosciences Inc., QuanDX, Zymo Research, TBG Diagnostics Limited, Aurora Biomed, Hamilton Company, Takara Bio USA, Tecan, Axygen Inc., PerkinElmer Chemagen Technologie GmbH, Diagenode S.A., Covaris Inc., Innosieve Diagnostics, Precision System Science Co. Ltd., Isogen Life Science, Geneaid Biotech Ltd., and Primerdesign among others.
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Magnetic Bead-based Nucleic Acid Extraction Market: Key Trends
Factors such as technological advancements in magnetic bead based nucleic acid methods, availability of bench top systems, and huge investments for R&D from pharmaceutical majors are spelling growth in the magnetic bead-based nucleic acid extraction market.
Furthermore, magnetic bead-based nucleic acid extraction is less rigorous as compared to conventional DNA separation process that may result into nucleic acid degradation. Thus, a reliable method for nucleic acid isolation is required in molecular biology, which is the basis for a wide range of experiments.
Apart from this, increasing investments from several governments in the field of life science is indirectly favoring the magnetic bead-based nucleic acid extraction market.
On the downside, extraction of intact DNA with high yield is a challenge to the growth of magnetic bead-based nucleic acid extraction market.
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Magnetic Bead-based Nucleic Acid Extraction Market: Regional Assessment
Regionally, the magnetic bead-based nucleic acid extraction market is divided into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Of them, North America is at the forefront in the magnetic bead-based nucleic acid extraction market due to common practices of adoption of advanced products and huge investments for R&D of novel nucleic acid extraction techniques.
Asia Pacific is anticipated to emerge as a key region in the magnetic bead-based nucleic acid extraction market. Advancements in medical practices in developing economies of the region is indirectly influencing the magnetic bead-based nucleic acid extraction market in the region.
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