Nucleic Acid Isolation and Purification Market Outlook
The global nucleic acid isolation and purification market size was valued at USD 6.30 Billion in 2022 and is likely reach to USD 12.49 Billion by 2031, expanding at a CAGR of 7.9% during the forecast period, 2023–2031. The growth of the market is attributed to the rising demand for R&D activities from the life sciences sector.
Nucleic acid isolation and purification is a procedure for the molecular biology techniques such as sequencing, cloning, and polymerase chain reaction. These procedures are broadly utilized in the different verticals, for example, life science research, genetic engineering, and molecular diagnostics and forensics.
The nucleic acid isolation minimizes the nucleic acid loss, helps in handling the samples in least time and expands the viability and the effectiveness of the research center. Furthermore, it helps in the purification of the nucleic acid.
Reagent-based, column based, magnetic bead-based are the parts of the vital advancements that are utilized in the nucleic acid isolation and purification. Nucleic acid has many diagnostic applications in tests of various diseases, such as STDs, congenital anomalies, and cancer.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing government investment in research activities is expected to boost the nucleic acid isolation and purification market.
- Rising demand in technology advancement in molecular diagnostics is fueling the market growth.
- High equipment cost can restrain the growth of the market.
- Growing number of products launches and new collaborations is estimated to foster the market growth.
Scope of Nucleic Acid Isolation and Purification Market Report
The report on the nucleic acid isolation and purification market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Nucleic acid isolation and purification Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Technologies (Column-based Purification, Magnetic Bead-based Purification, Reagent-based Purification), Products (Kits and Reagents, Equipment and Others), Applications (Total RNA Isolation and Purification, mRNA Isolation and Purification, MicroRNA Isolation and Purification, Plasmid DNA Isolation and Purification, Genomic DNA Isolation and Purification, Blood DNA Isolation and Purification, PCR Clean-up, and Others), and End-users (Hospitals, Academic and Research Institutes, Pharmaceutical/Biotechnology Industry, and Others)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Danaher Corporation; GE Healthcare; Agilent Technologies; Bio-Rad Laboratories Inc.; F. Hoffmann-La Roche Ltd; Promega Corporation; Qiagen NV, and Thermo Fisher Scientific Inc.
Nucleic Acid Isolation and purification Market Segment Insights
Magnetic bead-based purification segment is expected to grow at a rapid pace
Based on technologies, the market is divided into column-based purification, magnetic bead-based purification, and reagent-based purification.
The magnetic bead-based purification segment is estimated to expand at a rapid pace due to high capabilities in the development of paramagnetic particles for isolating nucleic acids that provide a higher yield and purity, which is spurring the segment growth.
Equipment segment is projected to expand at a considerable CAGR
In terms of products, the nucleic acid isolation and purification market is segmented into kits and reagents, equipment, and others.
The equipment segment is anticipated to account for a key share of the market. High incidence of genetic disorders along with growth in laboratory automation and decreasing changeability is projected to expand at the equipment segment.
Total RNA isolation and purification segment is anticipated to constitute a key market share
On the basis of applications, the market is categorized as total RNA isolation and purification, mRNA isolation and purification, microRNA isolation and purification, plasmid DNA isolation and purification, genomic DNA isolation and purification, blood DNA isolation and purification, PCR clean-up, and others.
The total RNA isolation and purification segment is expected to grow at a rapid rate due to increasing number of research and development being conducted due to the COVID-19 pandemic, specifically considering viral RNA sample.
Hospitals segment is anticipated to constitute a key market share
Based on end-users, the market is segregated as hospitals, academic and research institutes, pharmaceutical/biotechnology industry, and others.
The hospitals segment is expected to constitute a key share of the market during the projected period owing to increasing use of DNA and RNA isolation to detect infections and diseases in early stages.
Nucleic Acid Isolation and Purification Market Regional Outlook
North America is anticipated to constitute a large market share
In terms of regions, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to account for a large market share due to rising research and development activities in the life sciences industry.
On the other hand, the market in Asia Pacific is estimated to expand at a high CAGR during the forecast period due to increasing number of research centers in emerging countries such as India and China.
- Chocolate Chips/Drops/Chunks
- Chocolate Slabs/bars
- Chocolate Coatings
- Frozen Dessert and Ice Cream
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Key players competing in the compound chocolate market are AAK; Barry Callebaut; Cargill Incorporated; and Clasen Quality Chocolate Inc.
Companies are engaging in partnerships, acquisitions, and mergers to expand their market share.