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The Impact Of Increasing Research And Development Activities On The Automated Nucleic Acid Extraction Devices Market Driver: A Major Catalyst in the Evolution of the Automated Nucleic Acid Extraction Devices Market in 2025
Automated Nucleic Acid Extraction Devices Market Size
The expansion of the automated nucleic acid extraction devices market is anticipated to be fueled by an increase in research and development endeavors. These activities, conducted by businesses, are essential for collecting market data and fostering innovation before the beginning of the development process, thereby expanding the business's profit margins. Automated nucleic acid extraction devices play a vital role in these activities, aiding in clinical diagnosis, biological analysis, and environmental monitoring, thereby promoting the development of novel solutions by companies. In July 2022, the World Health Organization (WHO), a specialized health agency of the United Nations based in Switzerland, reported that the proportion of nations capable of genomic surveillance had increased from 54% to 68% between March 2021 and January 2022 owing to heightened investment during the COVID-19 pandemic. Consequently, the escalating number of research and development activities is propelling the growth of the automated nucleic acid extraction devices market.
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What growth opportunities are expected to drive the automated nucleic acid extraction devices market's CAGR through 2034?
The market for automated nucleic acid extraction devices has seen fast-paced growth in the last few years. The market size will expand from $5.93 billion in 2024 and reach $6.63 billion by 2025, implying a compound annual growth rate (CAGR) of 11.7%. Factors leading to this substantial growth in the historical period include a rise in the demand for molecular diagnostics, a better understanding of automation advantages, expansion within the pharmaceutical and biotechnology sectors, government incentives for molecular diagnostics, and an increased demand for molecular diagnostics.
Expectations are high for the automated nucleic acid extraction devices market, with predictions for rapid expansion in the next few years. By 2029, this market is expected to reach $11.31 billion, boasting a compound annual growth rate (CAGR) of 14.3%. Contributing factors to this growth include a rising demand for personalized and precision medicine, an increased focus on automation and point-of-care testing, as well as integration with next-generation sequencing. Technological advancements, a growing need for molecular diagnostics, miniaturization of automated systems, and the incorporation of artificial intelligence and data analytics are also anticipated to play a vital role in stimulating the market during the forecast period.
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What are the emerging trends shaping the future of the automated nucleic acid extraction devices market?
The ongoing trend of product innovation is becoming increasingly significant in the automated nucleic acid extraction devices market. The key players in the market are releasing innovative items to maintain their competitive edge. For example, in August 2022, Aurora Biomed, a company specializing in automated medical products based in Canada, launched the VERSA NAP Automated DNA Extraction Systems, also recognized as the automated nucleic acid extraction system. The device offers automation for DNA and RNA extractions including their corresponding purification protocols. The system can handle 1-96 samples simultaneously and can isolate high-quality DNA or RNA using its plate grippers and transporters, delivering superior nucleic acid outcomes.
Which growth-oriented segments of the automated nucleic acid extraction devices market are leading the industry's development?
The automated nucleic acid extraction devices market covered in this report is segmented -
1) By Type: Instruments, Kits, Consumables
2) By Product: Fully Automated, Semi-Automated
3) By End User: Hospitals, Diagnostic Centers, Forensic Laboratories, Pharmaceutical And Biotechnology Companies, Academic Research Institutes
Subsegments:
1) By Instruments: Automated Extractors, Liquid Handling Systems
2) By Kits: DNA Extraction Kits, RNA Extraction Kits, Viral Nucleic Acid Extraction Kits
3) By Consumables: Reagents, Columns, Tips And Tubes
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What regions are leading the charge in the automated nucleic acid extraction devices market?
North America was the largest region in the automated nucleic acid extraction devices market in 2024. The regions covered in the automated nucleic acid extraction devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the automated nucleic acid extraction devices market?
Major companies operating 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, 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.
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What Is Covered In The Automated Nucleic Acid Extraction Devices Global Market Report?
• Market Size Forecast: Examine the automated nucleic acid extraction devices market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automated nucleic acid extraction devices market for a structured understanding.
• Key Players Overview: Analyze major players in the automated nucleic acid extraction devices market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automated nucleic acid extraction devices market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automated nucleic acid extraction devices market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automated nucleic acid extraction devices market.
• Industry Challenges: Identify potential risks and obstacles affecting the automated nucleic acid extraction devices market.
• Competitive Landscape: Review strategic developments in the automated nucleic acid extraction devices market, including expansions, agreements, and new product launches.
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