PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477261
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477261
The DNA extraction kits market is estimated to be valued at USD 1,622.1 Mn in 2024 and is expected to reach USD 2,792.5 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 1,622.1 Mn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 8.10% | 2031 Value Projection: | US$ 2,792.5 Mn |
DNA extraction kits are essential tools used to isolate DNA from biological samples. DNA, or deoxyribonucleic acid, contains the genetic code of living organisms. The extraction of intact DNA from cells and tissues is necessary for a wide range of downstream applications like genotyping, DNA sequencing, and molecular analysis. Conventional methods for DNA extraction involve time-consuming multi-step cell lysis processes using toxic chemicals. Modern DNA extraction kits utilize faster column-based or magnetic bead-based technologies to purify and extract high quality DNA within hours with minimal hands-on time and easier workflow. The extracted DNA can then be safely used in PCR, DNA microarrays, and other molecular biology techniques. Rapid evolution of molecular biology and sequencing technologies have boosted the demand for automated, high throughput, and portable DNA extraction solutions.
The global DNA extraction kits market is driven by the growing applications of molecular diagnostics, PCR technology and DNA sequencing in clinical research, forensics, and precision medicine. Increasing incidence of genetic diseases and various types of cancers worldwide requiring the identification of genetic mutations and pathogenic markers also supports the market growth. Continuous technological advancements enabling faster, more efficient, and automated DNA isolation methods from difficult sample matrices provide new opportunities. However, stringent regulatory requirements for new product launches and limited focus on R&D activities from major players in developing regions restrain the market growth. Additionally, high capital investment for automation may restrict adoption rates.
Detailed Segmentation-