Press release
Nucleic Acid Labeling Market: Forecast, Growth Drivers, and Key Trends for 2024-2029
Nucleic Acid Labeling Market Share
What Is The Projected Market Size Of The Global Nucleic Acid Labeling Market And Its Growth Rate?
The nucleic acid labeling market size has experienced robust growth in recent years and is expected to continue this trend:
- The market stood at $2.56 billion in 2024 and is forecasted to grow to $2.77 billion in 2025 (CAGR - 8.2%).
- This growth is largely due to increased healthcare expenditure, rise in R&D spending, advanced genomics research, and demand for personalized medicine.
- Looking ahead, the market is projected to increase to $4.01 billion in 2029 (CAGR - 9.7%).
- This future growth could be driven by rising healthcare awareness, the expansion of key global players, a focus on patient-centric approaches, a growing biotech sector, and an increase in DNA sequencing.
What Is Driving The Growth In The Nucleic Acid Labeling Market?
The increase in infectious diseases is anticipated to drive the growth in the nucleic acid labeling market. As these diseases, which can be caused by various microscopic organisms, are transmitted from one individual to another, nucleic acid labeling techniques offer improved specificity, sensitivity, and visualisation for their detection. Examples include tuberculosis, hepatitis, and gonorrhea. The rise in such diseases, as highlighted by the 2022 increase in reported tuberculosis cases in the United States, underlines the importance of, and thus demand for, nucleic acid labeling techniques in supporting effective disease diagnosis.
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Who Are the Key Players Driving Nucleic Acid Labeling Market Growth?
Key players in the nucleic acid labeling market include:
- General Electric Company
- F. Hoffman-La Roche AG
- Thermo Fisher Scientific Inc.
- Merck Group
- Roche Diagnostics Corporation
- GE Healthcare Bio Sciences AB
- Agilent Technologies Inc.
- PerkinElmer Inc.
- Bio-Rad Laboratories Inc.
- Cytiva
- Qiagen N.V.
- Biotium Inc.
- Illumina Inc.
- LGC Group
- Promega Corporation
- New England Biolabs
- Enzo Biochem Inc.
- LI-COR Biosciences Inc.
- Eurogentec S.A.
What Are The Key Trends In The Nucleic Acid Labeling Market?
Key market trends include:
- Advancements in tools for synthetic biology
- Progress in labeling techniques
- Development of innovative labeling techniques
- Introduction of novel fluorescent dyes
- Integration of new labeling technologies in research and therapeutics
What Are The Segments Of The Global Nucleic Acid Labeling Market?
The nucleic acid labeling market is segmented as follows:
- Product Type: Kits, Reagents, Instruments
- Labeling Type: Radioisotope or Radioactive Labels, Non-Radioactive Labels
- Method: Enzyme-Based, Chemical-Based
- Application: DNA Sequencing, Polymerase Chain Reaction, FISH, Microarrays, Blotting, In Situ Hybridization, and Others
- End User: Hospitals/Clinics, Diagnostic Centers, and Other End Users
Which Region Leads The Nucleic Acid Labeling Market?
North America led the nucleic acid labeling market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The report also covers other regions including Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Nucleic Acid Labeling Market Global Market Report?
- Market Size Analysis: Analyze the Nucleic Acid Labeling Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Nucleic Acid Labeling 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 Nucleic Acid Labeling Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities, and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Nucleic Acid Labeling Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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