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The global nucleic acid isolation and purification market size was USD 5.83 Billion in 2021 and is expected to register a revenue CAGR of 8.0% over the forecast period, according to the latest report by Reports and Data.
Rising incidence of chronic diseases, increasing quality research and development (R&D) funding in biotechnology and life sciences, rapid technological advancements in automation, and growing demand for precision medicine are expected to drive revenue growth of the market is an important factor in the forecast period. Additionally, increasing demand for pure nucleic acids in the pharmaceutical and biotechnology sectors and increasing use of nucleic acid-based tests in diagnostics are other factors driving revenue growth of the market. High-quality nucleic acid isolation is essential for sensitive downstream applications such as life sciences, diagnostics, sequencing, forensics, and genetic engineering.
Various technological advancements in automated nucleic acid extraction systems for high-throughput sample processing drive revenue growth of the market. Additionally, the rapid growth of biopharmaceuticals is driving the development of nucleic acid-based products such as DNA vaccines, small interfering RNA, and antisense oligonucleotides. October 6, 2022, AdvanSentinel Inc., Shionogi & Co., Ltd., Masaaki Kitajima, Associate Professor, Faculty of Engineering, Hokkaido University, developed a highly sensitive detection technology for SARS-CoV-2 RNA in wastewater (official name: COPMAN method) and compatible with most processes that involve automation. One of the main goals of this collaboration was to develop a technique for sensitive identification of viruses in sewage. This is essential for the social application of sewage-based epidemiology in Japan.
Companies profiled in the market report include Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, F. Hoffmann-La Roche Ltd., Zymo Research Corporation, Danaher, Merck KGaA, Qiagen, Agilent Technologies, Omega Bio-tek, Inc., Takara Bio Inc., Norgen Biotek Corp., and BioVision Inc.
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Market Overview:
The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2022-2030. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
The Nucleic Acid Isolation and Purification Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Nucleic Acid Isolation and Purification Market.
Further key findings from the report suggest,
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For the purpose of this report, Reports and Data has segmented the global nucleic acid isolation and purification industry into Type Outlook, Product Outlook, Method Outlook, Application Outlook, End-Use Outlook, Regional Outlook:
Type Outlook (Revenue, USD Billion; 2019-2030)
Product Outlook (Revenue, USD Billion; 2019-2030)
Method Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
End-Use Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
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Key Advantages of Nucleic Acid Isolation and Purification Market Report:
Conclusively, all aspects of the Nucleic Acid Isolation and Purification Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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The post Global Nucleic Acid Isolation and Purification Market Size Hit USD 11.64 Billion at a CAGR of 8.0% in 2030 appeared first on Market O Graphics.