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Global Automated Nucleic Acid Extraction Devices Market: Pushing Boundaries with CAGR of 14.3% and Major Industry Players
Global Automated Nucleic Acid Extraction Devices Market
What Is The Projected Market Size Of The Global Automated Nucleic Acid Extraction Devices Market And Its Growth Rate?
The automated nucleic acid extraction devices market has experienced robust growth and expected to continue its upward trajectory.
• Expect to rise from $5.93 billion in 2024 to $6.63 billion in 2025 (CAGR of 11.7%)
• Projected to reach $11.31 billion by 2029 (CAGR of 14.3%)
This growth can be attributed to increased demand for personalized medicine, automation, precision medicine, point-of-care testing, integration with next-generation sequencing and government initiatives.
What Is Driving The Growth In The Automated Nucleic Acid Extraction Devices Market?
Increased research and development activities are propelling the growth of the automated nucleic acid extraction devices market. These devices are used extensively in clinical diagnosis, biological analysis, and environmental monitoring. For example, due to considerable investments during the COVID-19 pandemic, the ability of countries to conduct genomic surveillance rose from 54% to 68% between March 2021 and January 2022, according to World Health Organization.
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Who Are the Key Players Driving Automated Nucleic Acid Extraction Devices Market Growth?
Key players in the automated nucleic acid extraction devices market include:
• 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
• Many others
What Are The Key Trends In The Automated Nucleic Acid Extraction Devices Market?
Key trends shaping the market:
• Technological advancements
• Increasing demand for molecular diagnostics
• Miniaturization of automated systems
• Point-of-care testing
• Integration of artificial intelligence (AI) and data analytics
What Are The Segments Of The Global Automated Nucleic Acid Extraction Devices Market?
• Type: Instruments, Kits, Consumables
• Product: Fully Automated, Semi-Automated
• End User: Hospitals, Diagnostic Centres, Forensic Laboratories, Pharmaceutical And Biotechnology Companies, Academic Research Institutes
Which Region Leads The Automated Nucleic Acid Extraction Devices Market?
North America was the largest market for automated nucleic acid extraction devices in 2024. However, the market is expanding globally with notable growth observed in regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Automated Nucleic Acid Extraction Devices Market Global Market Report?
- Market Size Analysis: Analyze the Automated Nucleic Acid Extraction Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automated Nucleic Acid Extraction Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automated Nucleic Acid Extraction Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automated Nucleic Acid Extraction Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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