The global nucleic acid isolation and purification market is set to experience significant growth, projected to reach USD 1,452.9 million by 2029, according to a recent report by Future Market Insights (FMI). This marks a steady increase from USD 994.8 million in 2022, with a compound annual growth rate (CAGR) of 5.6% over the forecast period (2022-2029).
The market expansion is being driven by substantial investments from both government and private sectors into advanced biotechnological diagnostic techniques. Increasing efforts to understand and characterize microbial diversity are also playing a crucial role in fueling this growth.
Regional Insights and Market Leaders:
North America and East Asia are expected to dominate the nucleic acid isolation and purification market, contributing to more than 50% of overall sales by 2029. The rising prevalence of infectious diseases, coupled with expanding biopharmaceutical research activities, positions these regions as key players in the market’s growth.
DNA extraction and purification kits are anticipated to lead market demand, accounting for approximately 59.8% of the total demand share through 2022. Key technological advancements, such as magnetic beads-based nucleic acid purification and nucleic acid extraction filter plate technology, underscore the industry’s focus on innovation and improving operational efficiency.
Key Market Drivers:
“The global nucleic acid isolation and purification market is witnessing significant growth, driven by the imperative need to combat infectious diseases and the burgeoning biopharmaceutical research sector,” said an FMI.
Contract research organizations (CROs) are playing an increasingly important role in driving market growth, helping expand the industry’s capabilities. Additionally, rising biological product standards (BPS) are highlighting the critical role of these technologies in the development of novel therapeutics aimed at combating infectious diseases worldwide.
Challenges and Opportunities:
While the growth outlook is positive, the market does face some challenges, including the high costs of nucleic acid extraction equipment and the time-intensive nature of current processing methods. However, ongoing research and development initiatives within the biopharmaceutical sector present promising opportunities to overcome these obstacles in the coming years.
As the market continues to expand, the impact of nucleic acid isolation and purification technologies on global healthcare, research, and diagnostics will become increasingly significant. These technologies are poised to be key components in future medical and scientific advancements, particularly in the fight against infectious diseases.
Increased Market Attention: Delve into Detailed Trends and Analysis with Our Report!
Key Takeaways: Nucleic Acid Isolation and Purification Market By 2022 to 2029
- The market is expected to grow at a Compound Annual Growth Rate (CAGR) of various rates depending on the source, with estimates ranging 5.6%.
- The market size is predicted to reach between USD 994.8 Million and USD 1,452.9 Million by 2029.
- The Asia Pacific region is anticipated to be the fastest-growing market due to factors like increasing research activities.
- Drivers for this growth include rising research and development in precision medicine and biology, along with the need for high-quality nucleic acids for downstream applications like PCR and sequencing.
- The COVID-19 pandemic had a significant impact, with an initial surge in demand due to research efforts, though estimates vary on the long-term effects.
Competitive Landscape:
Major players in the global market for nucleic acid isolation and purification are striving to introduce innovative products to stay ahead of the competition. Conversely, certain manufacturers are prioritizing inorganic tactics like partnerships, collaborations, and acquisitions with other firms to innovate their product offerings.
For instance,
- In February 2020, Promega Corporation, a leading biochemistry and molecular biology firm headquartered in the USA, unveiled its latest offering, the Wizard HMW DNA Extraction Kit. This kit ensures consistent performance in long-read sequencing applications and aids researchers in handling large DNA fragments effectively.Top of Form
Key Companies Profiled:
- QIAGEN
- Thermo Fisher Scientific, Inc.
- Illumina, Inc.
- F. Hoffmann-La Roche AG
- Merck KGaA
- Agilent Technologies
- Bio-Rad Laboratories, Inc.
- Takara Bio, Inc.
- Promega Corporation
- New England Biolabs
- LGC Limited
- Abcam plc
- Norgen Biotek Corp
- AutoGen, Inc.
- Biogenuix
- PCR Biosystems, Inc.
- MagGenome
- Apical Scientific Sdn. Bhd
- MACHEREY-NAGEL GmbH & Co. KG
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
By End User:
- Pharmaceutical Companies
- Biotechnology Companies
- Contract Research Organizations
- Academic Research Institutes
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
