The global DNA/RNA extraction industry is on a trajectory of substantial growth, with estimations revealing promising projections. Future Market Insights’ latest report indicates that in 2022, the market boasted a value of US$ 1.3 billion, which surged to US$ 1.40 billion in 2023. Anticipated to expand at a compelling CAGR of 7.4% between 2023 and 2033, the DNA/RNA extraction market is set to soar, reaching a value exceeding US$ 2.85 billion by 2033.
The market’s evolution stems from its pivotal role in the healthcare sector. Global adoption of DNA/RNA extraction techniques has significantly contributed to this market’s burgeoning growth. These techniques play an instrumental role in various healthcare applications, driving advancements in diagnosis, treatment, and research initiatives.
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“This projected growth signifies a burgeoning demand for advanced molecular diagnostic tools and techniques,” remarked a spokesperson from Future Market Insights. “The market’s upward trajectory is underpinned by the indispensable role of DNA/RNA extraction methodologies in unraveling crucial insights for personalized medicine, disease detection, and therapeutic advancements.”
The DNA/RNA extraction industry is a process of isolating DNA or RNA from cells and tissues. It is a critical step in many molecular biology and genetics techniques, including molecular diagnostics market demand, DNA sequencing, and gene cloning.
Key Factors Driving the Growth of the DNA/RNA Extraction Market:
- Increasing demand for molecular diagnostics: Molecular diagnostics are used to diagnose diseases, identify pathogens, and monitor disease progression. DNA/RNA extraction is a crucial step in most molecular diagnostic tests.
- Growing use of DNA sequencing: DNA sequencing is used to determine the order of nucleotides in a DNA molecule. It is used in a variety of research and clinical applications, including cancer genomics, infectious disease surveillance, and personalized medicine.
- Rising investments in gene cloning: Gene cloning is a technique used to produce multiple copies of a gene. It is used in research and development to study gene function and produce proteins for therapeutic purposes.
Key Trends in the DNA/RNA Extraction Market:
- Development of automated DNA/RNA extraction systems: Automated DNA/RNA extraction systems can improve the efficiency and accuracy of DNA/RNA extraction.
- Growing demand for point-of-care DNA/RNA extraction: Point-of-care DNA/RNA extraction systems allow for rapid and convenient DNA/RNA extraction, which is ideal for clinical settings.
- Increasing use of non-invasive DNA/RNA extraction methods: Non-invasive DNA/RNA extraction methods, such as liquid biopsy, are becoming increasingly popular, as they allow for DNA/RNA extraction from blood or other bodily fluids without the need for surgery.
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Key Takeaways:
- The DNA/RNA extraction industry is expected to grow at a significant CAGR over the next decade, driven by the increasing demand for molecular diagnostics, DNA sequencing, and gene cloning.
- The high cost of DNA/RNA extraction kits, the need for skilled personnel, and the risk of contamination are some of the key challenges facing the market.
- The development of automated DNA/RNA extraction systems, the growing demand for point-of-care DNA/RNA extraction, and the increasing use of non-invasive DNA/RNA extraction methods are some of the key trends in the market.
Some of the prominent players in the global market are-
- Qiagen
- ThermoFisher Scientific Inc.
- F Hoffmann-La Roche AG
- Agilent Technologies
- Bio-Rad Laboratories Inc.
- Promega Corporation
- Danaher Corporation (Beckman Coulter Inc.)
- Merck & Co. Inc.
- PerkinElmer Inc.
- bioMérieux SA
Some of the important developments of the key players in the market are:
- In June 2023, Merck, known as MSD outside of the United States and Canada, had announced the completion of the Prometheus Biosciences, Inc. (“Prometheus”) acquisition where Prometheus is now a wholly-owned subsidiary of Merck and the common stock of Prometheus will no longer be listed or traded on the Nasdaq Global Market.
- In June 2023, Merck, known as MSD outside of the United States and Canada, announced that the Phase 3 KEYNOTE-811 trial investigating KEYTRUDA, Merck’s anti-PD-1 therapy, in combination with trastuzumab and chemotherapy has met one of its dual primary endpoints of progression-free survival (PFS) for the first-line treatment of human epidermal growth factor receptor 2 (HER2)-positive advanced gastric or gastroesophageal junction (GEJ) adenocarcinoma.
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Key Segments Profiled in the DNA/RNA Extraction Industry Survey:
Product Type:
- Instruments
- Kits & Reagents
- Genomic DNA Isolation & Purification Kits
- Plasmid DNA Isolation & Purification Kits
- Viral DNA Isolation & Purification Kits
- Total RNA Isolation & Purification Kits
- miRNA Isolation & Purification Kits
- mRNA Isolation & Purification Kits
- Total Nucleic Acid (RNA + DNA) Isolation & Purification Kits
- Sequence-specific RNA Isolation & Purification Kits
- Viral RNA Isolation & Purification Kits
- Others
Method:
- Reagent-based
- Column-based
- Magnetic Bead-based
- Other
Application:
- Oncology
- Precision Medicine
- Health & Diagnostics
- Drug Discovery & Development
- Agriculture
- Animal Research
- Other Applications
End User:
- Hospital Laboratories
- Academic & Research Laboratories
- Diagnostic Laboratories
- Biopharmaceutical Companies
- Forensic Laboratories
- Contract Research Organizations
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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