Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6,470.89 Million | USD 11,774.62 Million | 7.77% | 2022 |
The global Nucleic Acid Isolation and Purification Market size was worth around USD 6,470.89 Million in 2022 and is predicted to grow to around USD 11,774.62 Million by 2030 with a compound annual growth rate (CAGR) of roughly 7.77% between 2023 and 2030.
Nucleic acid isolation and purification is a method of the molecular biology techniques such as the sequencing, cloning, polymerase chain reaction, and so on. These techniques are widely used in the various verticals such as life science research, genetic engineering, molecular diagnostics and forensics. The nucleic acid isolation minimizes the nucleic acid loss, helps in processing the samples in minimum time and increases the effectiveness and the efficiency of the laboratory. In addition, it helps in the purification of the nucleic acid. Magnetic bead-based, reagent-based, column-based, and others are some of the vital technologies that are used in the nucleic acid isolation and purification.
The market expansion is fueled by several factors such as the rise in adoption of sequencing platforms in clinical diagnostics, growth in genomics & enzymology-based research, and increase in investments in R&D. In addition, the significance potential of molecular biology and advancement in precision medicine are further augmenting market growth. Increasing efforts of market participants to strengthen the capabilities of precision medicine for effective disease prognosis are facilitating market expansion. For instance, in September 2022, Avesthagen Limited launched the first fully integrated personalized genetic testing service AVEN Diagnostics. This service utilizes advanced technologies to advance the diagnosis process.
The global nucleic acid isolation and purification market are segmented into its type, product, application, end user and geography. On the basis of the type, the global market is segregated into column-based purification and isolation, reagent-based purification and isolation, magnetic bead-based purification and isolation and other technologies. Based on the product, the global nucleic acid isolation and purification market are categorized into kits, reagents and instruments. On the basis of application, the global market is divided into genomic DNA purification and isolation, messenger RNA purification and isolation, plasmid DNA purification and isolation, blood DNA purification and isolation, microRNA purification and isolation, PCR cleanup, total RNA purification and isolation and other applications. By the end user, the global nucleic acid isolation and purification market are categorized into pharmaceutical and biotechnology companies, hospitals and diagnostic centers, academic research institutes, contract research organizations and other end users. On the basis of the region, the global market is diversified into Asia Pacific, North America, Europe and Rest of the World.
The pharmaceutical and biotechnological industries have a great demand for pure nucleic acids, which is triggering the growth of the global nucleic acid isolation and purification market. The nucleic acids are also used in the tests for the diagnosis, which is also one of the factors that are driving the global market growth. They are used in different applications such as genetic engineering, forensics, life science research and molecular diagnostics. The government is also making investments in the research and development work and technological innovations, which is positively contributing to the global nucleic acid isolation and purification market growth. There have been new developments in the molecular diagnostics, genotyping and the expression analysis, which in turn has created new opportunities in the global market. The recent new trend in the global market is the development of new products, partnerships and mergers and acquisitions. However, in the developing countries there is low market penetration for the purification procedures and the isolation of the automated nucleic acid, which acts as a restraining factor in the market growth. Likewise, the high price of the instruments related to these procedures acts as a challenge to the growth of the global market.
The region that dominates the global nucleic acid isolation and purification market is the North America followed by Europe. The Asia Pacific market is the favorable market for the growth of the nucleic acid isolation and purification market owing to its emerging economies. The market in this region is very easy to penetrate and assures a bright future especially in the countries such as China and India. Hence, the global market players are investing more in the Asia Pacific region.
Report Attributes | Report Details |
---|---|
Report Name | Nucleic Acid Isolation and Purification Market Size Report |
Market Size in 2022 | USD 6,470.89 Million |
Market Forecast in 2030 | USD 11,774.62 Million |
Growth Rate | CAGR of 7.77% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Thermo Fisher Scientific, Inc., Agilent Technologies Inc., Takara Bio, Inc., General Electric Company, Danaher Corporation, QIAGEN N.V., Sigma-Aldrich Co. LLC, Illumina, Inc., Promega Corporation, F. Hoffmann-La Roche AG and Bio-Rad Laboratories. |
Segments Covered | By Type, By product, By Application, By End user and By region. |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The nucleic acid isolation and purification market is moderately fragmented with the presence of a large number of well-established players. These players are undertaking several initiatives to expand their DNA or RNA extraction instruments and kits. For instance, in May 2023, One BioMed launched X8 HMW DNA Cartridge Kits for the automated isolation of high molecular weight nucleic acid for use in genome assembly. Some prominent players in the global nucleic acid isolation and purification market include:
What Report Provides
FrequentlyAsked Questions
Nucleic Acid Isolation and Purification Market size was worth around USD XX Million in 2022 and is predicted to grow to around USD XX Million by 2030
(CAGR) of roughly XX% between 2023 and 2030.
The largest share of the Nucleic Acid Isolation and Purification Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.
Thermo Fisher Scientific, Inc., Agilent Technologies Inc., Takara Bio, Inc., General Electric Company, Danaher Corporation, QIAGEN N.V., Sigma-Aldrich Co. LLC, Illumina, Inc., Promega Corporation, F. Hoffmann-La Roche AG and Bio-Rad Laboratories.
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