Nucleic Acid Isolation and Purification Market to Reach at a CAGR of 5% by 2029

Future Market Insights (FMI), in its latest publication, outlines the future trajectory of the global nucleic acid isolation and purification market through 2029. According to the report, worldwide sales of nucleic acid isolation and purification kits were valued at ~US$ 830 million in 2018, and are estimated to register a Y-o-Y growth of ~4% in 2019. As the consistency and reliability of molecular diagnostic results relies heavily on the quality of genetic material i.e. DNA and RNA, manufacturers are focusing on offering high-quality products, ensuring improved yield and purity.

With growing need to understand and characterize microbial diversity, including that associated with human body, governments as well as private companies are increasingly investing in life science projects, thereby creating a greater demand for nucleic acid isolation and purification. While the high cost challenge persists, shortage of skilled professionals in healthcare and biopharma industries remain the longstanding challenges.

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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.”

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. 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.

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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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Nucleic Acid Isolation and Purification Market Structure Analysis

  • The global nucleic acid isolation and purification market represents a fairly fragmented competition landscape, where majority of the key players maintain their strategic focus on acquisitions and mergers, targeting a concrete global footprint.
  • The nucleic acid isolation and purification market has been relatively steady in size, which remains a key factor for its dynamic competitive nature.
  • The leading manufacturers of nucleic acid isolation and purification are presently prioritizing R&D and new product launches to resonate with the booming adoption of nucleic acid isolation and purification kits in North America, Europe, and China.
  • Portfolio extension and regional expansion is also identified to remain one of the crucial developmental strategies followed by manufacturers of the nucleic acid isolation and purification market.
  • For a stronger foothold in target markets, nucleic acid isolation and purification manufacturers will continue to rely on inorganic strategies such as acquisitions and mergers.
  • Deeper understanding of the market trends and preferential shifts of end-use segments across various regions are expected to create a hindrance for market players that are looking forward to untapped opportunities in the nucleic acid isolation and purification market.

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