The global nucleic acid isolation and purification market is set to experience significant growth, rising from a valuation of USD 994 million in 2022 to USD 1,452.9 million by 2029, with a compound annual growth rate (CAGR) of 5.6%, according to Future Market Insights (FMI). This expansion is fueled by increased investment in biotechnological research, particularly in diagnostic techniques and microbial diversity studies.
North America and East Asia are poised to dominate the market, collectively accounting for over half of global sales by the end of 2029. These regions’ robust research infrastructure and growing biotech sectors are key contributors to this trend.
Among product categories, DNA extraction and purification kits are expected to lead the market, comprising 59.8% of total demand in 2022. Their widespread use in genetic research, diagnostics, and therapeutic development underlines their critical role in the market’s expansion.
Full Report Revealed – https://www.futuremarketinsights.com/reports/nucleic-acid-isolation-and-purification-market
Key Takeaways:
- The nucleic acid isolation and purification market is forecast to grow at a 5.6% CAGR, reaching $1,452.9 million by 2029.
- North America and East Asia will together account for more than 50% of global market sales by 2029.
- DNA extraction and purification kits will dominate, making up 59.8% of demand in 2022.
- Rising investments in biotechnology and the focus on microbial diversity characterization drive market growth.
Market Drivers
- Investment in Biotechnology: Increased funding for research and development in biotechnology is propelling advancements in nucleic acid isolation and purification techniques.
- Need for Microbial Diversity Understanding: The growing emphasis on characterizing microbial diversity for environmental and health-related studies is driving demand.
- Technological Advancements: Innovations in extraction and purification methods are enhancing efficiency and accuracy, making these processes more accessible.
- Rising Applications in Diagnostics: The increasing use of nucleic acid testing in clinical diagnostics, drug discovery, and personalized medicine is further boosting market growth.
Regional Insights
- North America is expected to lead the market, accounting for a significant share due to its advanced healthcare infrastructure and strong emphasis on research.
- East Asia is also projected to contribute substantially to market growth, driven by advancements in biotechnology and increased research activities.
Product Insights
- The DNA extraction and purification kits segment is anticipated to register rapid growth, expected to account for nearly 59.8% of the total demand share through 2022.
Competitive Landscape
Leading players operating in the global nucleic acid isolation and purification market are aiming at launching novel products to gain a competitive edge. On the other hand, some of the manufacturers are focusing on adopting inorganic strategies such as partnership, collaboration, and acquisition with other companies to develop novel products. For instance,
- In February 2020, Promega Corporation, a USA-based biochemistry and molecular biology company, announced launching its new product, Wizard HMW DNA Extraction Kit. The kit facilitates providing steady performance during long-read sequencing applications and also assists researchers in working with large DNA fragments.
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
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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.
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.
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