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Automated Nucleic Acid Extraction Devices Market Report 2024 - Automated Nucleic Acid Extraction Devices Market Size, Share And Trends
Automated Nucleic Acid Extraction Devices Market
According to The Business Research Company's, The automated nucleic acid extraction devices market size has grown rapidly in recent years. It will grow from $5.41 billion in 2023 to $6.09 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to increasing demand for molecular diagnostics, growing awareness of the benefits of automation, expansion of the pharmaceutical and biotechnology industries, government initiatives to promote molecular diagnostics, growing demand for molecular diagnostics.
The automated nucleic acid extraction devices market size is expected to see rapid growth in the next few years. It will grow to $9.96 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to increased demand for personalized medicine, increasing demand for automation, increasing focus on precision medicine, increasing demand for point-of-care testing, integration with next-generation sequencing. Major trends in the forecast period include technological advancements, increasing demand for molecular diagnostics, miniaturization of automated systems, point-of-care testing , integration of artificial intelligence (ai) and data analytics.
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Market Drivers and Trends:
A growing number of research and development activities is expected to propel the growth of the automated nucleic acid extraction devices market going forward. Research and development activities are activities carried out by businesses to inquire about and gather market information prior to the start of the development process in order to create and introduce new goods and services to the market and increase the bottom line of the business. The automated nucleic acid extraction devices are used in research and development activities for clinical diagnosis, biological analysis, and environmental monitoring to boost companies' efforts to develop new solutions. For instance, in July 2022, according to the World Health Organization (WHO), a Switzerland-based specialized health agency of the United Nations, due to the increasing investment made by the countries during the COVID-19 pandemic, the percentage of nations equipped to conduct genomic surveillance rose from 54% to 68% between March 2021 and January 2022. Therefore, the growing number of research and development activities is driving the growth of the automated nucleic acid extraction devices market.
Product innovation is a key trend gaining popularity in the market for automated nucleic acid extraction devices. Major companies operating in the automated nucleic acid extraction devices market are introducing innovative products to sustain their position in the market. For instance, in August 2022, Aurora Biomed, a Canada-based manufacturer of automated medical equipment, introduced the VERSA NAP Automated DNA Extraction Systems (also known as the automated nucleic acid extraction system) to automate DNA and RNA extractions and their related purification protocols. The system can process 1-96 samples at the same time and is capable of isolating pure, high-quality DNA or RNA with its plate grippers and transporters, and gives high nucleic acid results.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
QIAGEN NV; PerkinElmer Inc.; F. Hoffmann-La Roche AG; Die Analytik Jena GmbH; Thermo Fisher Scientific Inc.; Accubiomed Co. Ltd.; AutoGen Inc.; Bioneer Corporation; Illumina Inc.; Tecan Trading AG; Merck Co. & KGaA; Becton Dickinson and Company; DiaSorin Molecular LLC; BioTeke Corporation (wuxi) Co. Ltd.; Tianlong-Xi'an TianLong Science and Technology Co. Ltd.; Jiangsu Bioperfectus Technologies Co. Ltd.; Hangzhou Bloer Technology Co. Ltd.; MGI Tech Co. Ltd.; Aurora Biomed Inc.; Promega Corporation; Hamilton Company; Tecan Group Ltd.; Beckman CoulterInc.; Bio-Rad Laboratories Inc.; Zymo Research Corporation; Agilent Technologies Inc.; Danaher Corporation; BioChain Institute Inc.; Biomatrica Inc.; Corbett Life Science Pty Ltd.; Eppendorf AG; GE Healthcare Life Sciences; GenScript Biotech Corporation; Greiner Bio-One International GmbH; IntegenX Inc.; LGC Biosearch Technologies; MicroGEM International Company; Norgen Biotek Corp.
Automated Nucleic Acid Extraction Devices Market 2024 Key Insights:
• The automated nucleic acid extraction devices market will grow to $9.96 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%.
• The Impact Of Increasing Research And Development Activities On The Automated Nucleic Acid Extraction Devices Market
• Product Innovation In Automated Nucleic Acid Extraction Devices
• North America was the largest region in the automated nucleic acid extraction devices market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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