The DNA and RNA Sample Preparation Market to look through AI-based genomics at a CAGR of 5.6%

The global DNA and RNA sample preparation market expanded at a CAGR of 5% and reach a size of US$ 1.7 Bn at the end of 2021. The market is estimated to progress further at a CAGR of 5.6% to reach a valuation of around US$ 3.1 Bn by the end of 2032.

The DNA and RNA sample preparation market is expected to grow significantly in the coming years. The growth is attributed to the increasing demand for personalized medicine and targeted therapies, as well as the rising prevalence of genetic disorders and infectious diseases.

Market Size and Growth:

Persistence Market Research has assessed that DNA and RNA sample preparation kits accounted for a market value of US$ 996.3 Mn in 2021. Overall, DNA and RNA sample preparation product sales accounted for 23.4% share of the global sample preparation market in 2021.

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Drivers and Restraints

The DNA and RNA sample preparation market is driven by various factors such as the increasing demand for personalized medicine and targeted therapies, the rising prevalence of genetic disorders and infectious diseases, and the growing importance of genomics in drug discovery and development. Additionally, the advancements in technology, such as the development of high-throughput sequencing, have also contributed to the growth of the market. However, the high cost of instruments and reagents, as well as the lack of skilled professionals in this field, act as restraints for the market. Furthermore, the ethical concerns associated with genetic testing and the potential misuse of genetic information also pose challenges for the growth of the market.

Market Segmentation:

By Product:

Workstations
Kits
DNA Sample Preparation
RNA Sample Preparation
Reagents and Consumables

By Application:

Clinical Testing
Diagnostic Testing
Research Applications

By End User:

Hospitals
Diagnostic Centers
Academic & Research Institutes
Forensic Science Laboratories
Contract Research Organizations (CROs)

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Company Profiles:

Agilent Technologies, Inc.
Becton, Dickinson and Company
Bio-Rad Laboratories Inc.
DiaSorin S.p.A.
F. Hoffmann-La Roche
Illumina, Inc.
PerkinElmer, Inc.
QIAGEN
Sigma Aldrich Corp.
Tecan Group AG .
Thermo Fisher Scientific, Inc.

Hospitals to be Second-most Lucrative End User by 2025-End

Academic and research institutes are expected to be the most lucrative end user in the global DNA and RNA sample preparation market through 2025. This segment is expected to exhibit 5.9% CAGR during the forecast period. Hospitals are expected to be the second most lucrative end user segment in the overall market. Based on applications, research applications are expected to remain dominant in the global DNA and RNA sample preparation market during the forecast period. Clinical testing, following research applications, are expected to exhibit 5.4% CAGR through 2025.

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This release was published on openPR.