Deoxyribonucleic Acid (DNA) Purification Market Size to Hit USD 4.96 Billion By 2026

The global Deoxyribonucleic Acid (DNA) Purification Market is forecasted to reach USD 4.96 billion by 2026, according to a new report by Reports and Data.

There has been an increase in the laboratories in developing nations owing to the increase in investment in R&D by government and private sectors. Investment in research and awareness of the importance of diagnostics in healthcare is also driving the market. The DNA purification market is highly fragmented due to the presence of various international and regional vendors.

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North America holds the largest market share, followed closely by Europe. The high cost of instruments and expensive research procedures are not an issue in developed regions. Availability of skilled workers and advancement in technology is also boosting the market in these regions. APAC is forecasted to have the highest growth rate in the year 2026, owing to the emergence of research and clinical testing laboratories. The government in this region are focused on organizing capital spending programs for research laboratories and academic institutions to encourage the growth of the market.

Further key findings from the report suggest

• • Advancement in technology is expected to drive the growth of the market. DNA purification needs advance automated tools. With a surge in automated technologies, the market for DNA purification is forecasted to witness a rise in demand.
  • The rise in the application of genetics in different healthcare and sequencing is expected to benefit the market.
  • Life Science Research Laboratories holds a market share of 27% in the year 2018 and is forecasted to hold a market share of 28% in the year 2026 with an annual growth rate of 8.4%.
  • Clinical Testing Laboratories is forecasted to generate a revenue of USD 1.34 Billion in the year 2026 with the highest growth rate of 8.5%.
  • Molecular Grade has a market share of 52% in the year 2018 and is forecasted to hold 54% in the year 2026 with an annual growth rate of 8.5%.
  • Transfection Grade is forecasted to grow at an annual growth rate of 7.4% and is forecasted to generate a revenue of USD 2.28 Billion in 2026.
  • Owing to the increase in investment in R&D, developing countries are witnessing a rise in the number of research laboratories.
  • APAC has the largest market share of 25% in the year 2026 and is forecasted to reach 27% in the year 2026 with an annual growth rate of 9% in the forecast year.
  • North America holds a market share of 24% in the year 2018 and is forecasted to generate a revenue of USD 1.24 Billion in the year 2026 with an annual growth rate of 8.5%.

The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.

Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.

Top Companies Profiled in the Report:

QIAGEN, ThermoFisher Scientific, Inc., Illumina, Inc., Danaher, F. Hoffmann-La Roche Ltd., Merck KGaA, Agilent Technologies, Bio-Rad Laboratories, Inc., General Electric Company (GE Healthcare), and Promega Corporation among others.

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Deoxyribonucleic Acid (DNA) Purification Market Segmentation:

Type Outlook (Revenue, USD Million; 2018-2026)

• Silica Membrane
• Anion Exchange Resin
• Switchable Surface Charge
• Biotechnology

Purity Process Outlook (Revenue, USD Million; 2018-2026)

• Molecular Grade
• Transfection Grade

Regional Outlook:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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