PUBLISHER: The Business Research Company | PRODUCT CODE: 1425680
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425680
Nucleic Acid Isolation & Purification Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on nucleic acid isolation & purification market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for nucleic acid isolation & purification? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The nucleic acid isolation & purification market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Nucleic acid isolation and purification involve the separation of DNA and/or RNA from cellular components like proteins and membranes. The primary aim is to break down the cell structure and eliminate lipids and proteins, achieving pure DNA and/or RNA.
Diverse types of nucleic acid isolation and purification methods include plasmid DNA isolation and purification, total RNA isolation and purification, circulating nucleic acid isolation and purification, genomic DNA isolation and purification, messenger RNA isolation and purification, micro-RNA isolation and purification, PCR cleanup, and other techniques. Plasmid DNA isolation and purification focus on isolating plasmid DNA from genomic DNA, proteins, ribosomes, and bacterial cell walls. Plasmids, circular double-stranded DNA structures, carry specific DNA molecules. These methods encompass column-based, magnetic bead-based, reagent-based, and various other methods applied in diagnostics, drug discovery, personalized medicine, agriculture, animal research, and diverse applications. End-users of these processes include academic and research institutions, biopharmaceutical and biotechnological companies, contract research organizations, applied testing facilities, clinical diagnostic centers, and more.
The nucleic acid isolation and purification market research report is one of a series of new reports from The Business Research Company that provides nucleic acid isolation and purification market statistics, including nucleic acid isolation and purification industry global market size, regional shares, competitors with a nucleic acid isolation and purification market share, detailed nucleic acid isolation and purification market segments, market trends and opportunities, and any further data you may need to thrive in the nucleic acid isolation and purification industry. This nucleic acid isolation and purification market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The nucleic acid isolation & purification market size has grown rapidly in recent years. It will grow from $5.43 billion in 2023 to $5.99 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth observed in the historical period can be attributed to several factors, including advancements in genomic research, the emergence and development of molecular diagnostics, the overall growth of the biotechnology industry, increased emphasis on infectious disease research, and the expanding applications of biotechnology in forensics.
The nucleic acid isolation & purification market size is expected to see rapid growth in the next few years. It will grow to $9.16 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The projected growth in the forthcoming period can be linked to various factors, such as increased research collaborations and funding, the implementation of automation and high-throughput solutions, rising demand for point-of-care testing, expanding applications in agricultural and food science, and advancements in pharmaceutical drug development. Key trends anticipated in this period include a focus on sustainability in bioprocessing, increased emphasis on automation, adoption of next-generation sequencing technologies, advancements in genomic research methodologies, and the emergence of personalized medicine within the biotechnology domain.
The expansion of personalized medicine is anticipated to drive growth in the market for nucleic acid isolation and purification. Personalized medicine enables tailored treatment plans based on a patient's genetic profile, escalating the need for precise diagnostics and targeted therapies. Notably, the Swedish Government's investment in Genomic Medicine Sweden (GMS) in September 2021, totaling SEK 220 million ($21.15 million), exemplifies the commitment to integrating precision medicine into healthcare systems. This surge in demand for personalized treatments is expected to significantly impact the nucleic acid isolation and purification market.
The rising incorporation of automation in production processes is poised to propel the nucleic acid isolation and purification market. Automation, utilizing technology like robotics, streamlines tasks that traditionally demanded manual intervention. In March 2022, reports indicated a substantial uptake of automation in Indian manufacturing industries, predicting that by 2050, approximately 85-90% of these firms would adopt automated operations. This trend toward automation is forecasted to be a driving force in advancing nucleic acid isolation and purification methodologies.
Technological advancements emerge as a prominent trend fueling the nucleic acid isolation and purification market. Key industry players are diligently focusing on innovating technologies to maintain their market stance. Notably, Sansure Biotech's introduction of the Natch 16S system in July 2023, equipped with magnetic bead technology, UV lamp, and air filtration solutions, stands as a testament to this pursuit of sophisticated solutions leveraging complex technologies. This drive for innovation is reshaping methodologies within the market.
Major companies within the nucleic acid isolation and purification sector are actively developing innovative products, notably nucleic acid extraction kits. These kits, designed to isolate DNA and RNA from diverse sources, are pivotal in diagnostics and research. For instance, Jiangsu Bioperfectus Technologies Co., Ltd's launch of the Automated Nucleic Acid Extraction Workstation SAW-48 and Cell Nucleic Acid Extraction Kit in April 2023 showcases the evolution in diagnostic medical equipment. The integration of SAW-48 with the Cell Nucleic Acid Extraction Kit enhances efficiency, reduces turnaround time, and heightens accuracy while minimizing exposure risks for laboratory personnel.
In January 2023, ALS Limited, an Australia-based company specializing in testing laboratories, successfully acquired Invitek Molecular for an undisclosed sum. This strategic acquisition showcases ALS' dedication to broadening their expertise in testing and bolstering their service offerings, aimed at delivering comprehensive solutions to their clientele. Invitek Molecular, a Germany-based company, specializes in offering customized nucleic acid purification solutions.
Major companies operating in the nucleic acid isolation & purification market report are Thermo Fisher Scientific Inc., Illumina Inc., F. Hoffmann-La Roche AG, Merck KGaA, Agilent Technologies Inc., Bio-Rad Laboratories Inc., Takara Bio Inc., Promega Corporation, New England Biolabs, Norgen Biotek Corporation, AutoGen Inc., MagGenome, Zymo Research, LGC Limited, Biogenuix, PCR Biosystems Inc., Abcam plc., PerkinElmer Inc., GE Healthcare, QIAGEN, Danaher Corporation, Bioline, Biotechrabbit, BioWORLD, Epicentre, Hamilton, Omega Bio-tek, Sigma-Aldrich, FavorGen Biotech Corp, TIANGEN Biotech Co Ltd.
North America was the largest region in the nucleic acid isolation & purification market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nucleic acid isolation & purification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the nucleic acid isolation & purification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The nucleic acid isolation and purification market includes revenues earned by entities from the extraction of DNA from animal and plant tissues, cultured mammalian cells, bacteria, and yeast cells. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.