Press release
Nucleic Acid Isolation & Purification Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Thermo Fisher Scientific Inc., Illumina Inc., F. Hoffmann-La Roche AG, Merck KGaA, Agilent Technologies Inc
Nucleic Acid Isolation & Purification Market Trends
The Business Research Company offers in-depth market insights through Nucleic Acid Isolation & Purification Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The nucleic acid isolation & purification market size has grown rapidly in recent years. It will grow from $5.43 billion in 2023 to $5.99 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to genomic research advancements, emergence of molecular diagnostics, biotechnology industry growth, focus on infectious disease research, forensic applications..
The nucleic acid isolation & purification market size is expected to see rapid growth in the next few years. It will grow to $9.16 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to research collaborations and funding, automation and high-throughput solutions, point-of-care testing demand, agricultural and food science applications, pharmaceutical drug development.. Major trends in the forecast period include sustainability in bioprocessing, focus on automation, adoption of next-generation sequencing, advancements in genomic research, emergence of personalized medicine..
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Market Segmentation:
The nucleic acid isolation & purification market covered in this report is segmented -
1) By Type: Plasmid DNA Isolation and Purification, Total RNA Isolation and Purification, Circulating Nucleic Acid Isolation and Purification, Genomic DNA Isolation and Purification, Messenger RNA Isolation and Purification, microRNA Isolation and Purification, PCR Cleanup, Other Nucleic Acid Isolation and Purification Types
2) By Method: Column-based Isolation and Purification, Magnetic Bead-based Isolation and Purification, Reagent-based Isolation and Purification, Other Isolation and Purification Methods
3) By Application: Diagnostics, Drug Discovery and Development, Personalized Medicine, Agriculture and Animal Research, Other Applications
4) By End-user: Academic and Research Institutions, Biopharmaceutical and Biotechnological, Companies, Contract Research Organizations, Applied Testing, Clinical Diagnostic Centers, Other End Users
Major Driver - Personalized Medicine Driving Growth Of Nucleic Acid Isolation And Purification Market
The development of personalized medicine is expected to propel the nucleic acid isolation and purification market. Personalized medicine aids doctors in designing individualized treatment plans and making treatment decisions based on a genetic understanding of the patient's disease. The nucleic acid isolation and purification help in sequencing, cloning, polymerase chain reaction, and others to identify the root cause of disease and prescribe specific precision medicine for treatment. For instance, in September 2021, the Swedish Government invested SEK 220 million ($21.15 million) in the Swedish national infrastructure of Genomic Medicine Sweden (GMS) to make it easier to keep integrating precision medicine into Swedish healthcare and ensure that every person there has access to more accurate tests and individualized care. Such investments are taking place due to a rise in demand for personalized medicines. Therefore, the development of personalized medicine will drive the nucleic acid isolation and purification market going forward.
Competitive Landscape:
Major companies operating in the nucleic acid isolation & purification market report are Thermo Fisher Scientific Inc., Illumina Inc., F. Hoffmann-La Roche AG, Merck KGaA, Agilent Technologies Inc., Bio-Rad Laboratories Inc., Takara Bio Inc., Promega Corporation, New England Biolabs, Norgen Biotek Corporation, AutoGen Inc., MagGenome, Zymo Research, LGC Limited, Biogenuix, PCR Biosystems Inc., Abcam plc., PerkinElmer Inc., GE Healthcare, QIAGEN, Danaher Corporation, Bioline, Biotechrabbit, BioWORLD, Epicentre, Hamilton, Omega Bio-tek, Sigma-Aldrich, FavorGen Biotech Corp, TIANGEN Biotech Co Ltd.
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Top Trend - Innovative Technological Advancements Propel Nucleic Acid Isolation And Purification Market
Technological advancement is a key trend gaining popularity in the nucleic acid isolation and purification market. Major market players operating in nucleic acid isolation and purification are concentrating on creating innovative technologies to sustain their market position. For instance, in July 2023, according to the Sansure Biotech, a China-based medical laboratory company, launched Natch 16S, a nucleic acid extraction system. The Natch 16S system comes equipped with a magnetic bead technology, UV (Ultraviolet) lamp, as well as an air filtration solution. The Natch 16S Nucleic Acid Extraction System is a sophisticated solution that uses complex technology to achieve better results.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nucleic Acid Isolation & Purification Market Characteristics
3. Nucleic Acid Isolation & Purification Market Trends And Strategies
4. Nucleic Acid Isolation & Purification Market - Macro Economic Scenario
5. Nucleic Acid Isolation & Purification Market Size And Growth
…..
27. Nucleic Acid Isolation & Purification Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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