By 2022, it is anticipated that the global Nucleic Acid Isolation and Purification Market will be worth US$ 994 Mn. The requirement to comprehend and describe microbial variety as well as rising government and private agency investment in the development of novel biotechnological diagnostic procedures are driving market demand. By 2029, the global nucleic acid isolation and purification market is anticipated to generate an absolute dollar potential of US$ 1,452.9 Mn, expanding at a CAGR of 5.6%.
In its most recent research, Future Market Insights (FMI) forecasts the growth of the global Nucleic Acid Isolation and Purification Market until 2029. According to the report, worldwide sales of nucleic acid isolation and purification kits were valued at ~US$ 994 million in 2022, and are anticipated to post a Y-o-Y rise of ~4% in 2022. Since the quality of genetic material, such as DNA and RNA, substantially influences the consistency and reliability of molecular diagnostic results, producers are concentrating on providing high-quality goods, ensuring higher yield and purity.
Governments and commercial businesses are investing more in life science initiatives as a result of the growing need to understand and describe microbial variety especially that connected to the human body. This has led to an increase in the need for nucleic acid separation and purification. The high cost problem still exists, but the healthcare and biopharma businesses continue to face long-standing difficulties due to a lack of competent workers.
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“Rapid and efficient methods or products to extract genomic RNA and DNA from virtually any biological sample have been growing in demand to ensure the success of downstream applications in molecular biology. With growing research on detection of tumor specific changes, FMI study finds that nucleic acid isolation and purification market vendors are exploring new technologies to facilitate ease-of-use and minimize user-error of their products.”
Future market Insights’ study reveals that the nucleic acid isolation and purification market is likely to expand at a CAGR of ~5.6% during the period 2022-2029. One of the key influencing factors is manufacturers’ focus to direct their investments towards advanced technologies such as magnetic-bead or bead-beating technology, to align with end users’ demand for an effective system for extraction of high-quality starting material and efficient inhibitor removal. The unique challenges for extracting and purifying nucleic acid from different organisms and tissue types, have also brought more focus on customized systems and solutions.
Advances in Microbiome Research to Dictate Manufacturers’ Growth Strategies
In comparison with RNA isolation kits, manufacturers continue to increase innovations and production of DNA isolation kits, as the category is expected to account for larger share in the market during the forecast period. As per the study, lucrative opportunities are identified in increasing application scope of DNA isolation and purification kits in various academic research institutes, contract research organizations, and biotechnologies companies to not only successfully extract the DNA but also to minimize the presence of contaminants and prevent nucleic acid degradation during preparation.
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As genomic and microbiome research advances, manufacturers are working on automating the nucleic acid isolation and purifications kits to recover DNA and RNA from the toughest samples used in microbiome work such as soil and stool samples.
Growth prospects of the nucleic acid isolation and purification market, as the study opines, are relatively high in developed countries of North America and Europe. Hefty investments in R&D on molecular biology and precision medicines over gradual increase in the prevalence of cancer, genetic disorders, and complex diseases are likely to influence the manufacturers to enhance their production capabilities.
Tapping into opportunities in China and Japan for acquiring local players and increasing manufacturing facilities will provide the added advantage to gain a new customer base. As innovations zoom in, a number of market players are working on offering products that are free of toxic organic solvents and enable cost-effective method to extract and purify PCR-ready DNA or RT-PCR-ready RNA from numerous samples.
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The report also offers an incisive outlook on the competitive landscape of nucleic acid isolation and purification market. As per the study, extensive M&A activities and new launches remain the key focus areas of the market players. In addition, they are emphasizing on strengthening outsourcing and solutions through strategic collaborations.
Nucleic Acid Isolation and Purification Market by Category
By Product:
- DNA Extraction and Purification Kits
- Column Based Kits
- Magnetic Beads
- Reagent Based Kits
- RNA Extraction and Purification Kits
- Column Based Kits
- Magnetic Beads
- Reagent Based Kits
By Application:
- Plasmid Isolation and Purification
- DNA Isolation and Purification
- RNA Isolation and Purification
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By End User:
- Pharmaceutical Companies
- Biotechnology Companies
- Contract Research Organizations
- Academic Research Institutes
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