The Nucleic Acid Extraction System Market Study Published By Fact.MR Offers An In-Depth Outlook Of Key Factors Promoting Demand And Sales In The Market.
The Nucleic Acid Extraction System Market Study Published By Fact.MR Offers An In-Depth Outlook Of Key Factors Promoting Demand And Sales In The Market. Further, the Study Provides Insights into Trends, Opportunities, and Recent Developments across Major Geographies and Segments, Including Type, Power Source, and Application for the Forecast Period (2022-2032)
United States, Rockville MD: The global nucleic acid extraction system market size is slated to be worth US$ 13.64 Billion in 2032, recording a CAGR of 11.4% between 2022 and 2032. With growing adoption of the sequencing platforms in enzymology-based research, genomics, and clinical diagnostics, there won’t be anything to look back for nucleic acid extraction system market.
As per Fact.MR, the global nucleic acid extraction system market ought to reach US$ 4.63 Bn in 2022. RNA isolation and purification is expected to be the flag bearer for nucleic acid extraction system market.
Diagnostics is the sector witnessing maximum turbulence due to nucleic acid extraction system.
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Various key stakeholders are collaborating for tabling ready-to-use processing products, which are capable of streamlining RNA or DNA extraction, that too, from Covid-19 specimen. Along these lines, Zymo Research, in March 2020, entered into partnership with Tecan for putting forth DreamPrep NAP workstation that helps laboratories in effectively scaling lab testing for providing a huge number of tests, thereby combating the spread of virus.
North America holds more than 35% of the market share. This could be credited to a number of established players being present along with their relentless efforts to come up with advanced rapid purification and isolation devices. Europe stands second on the similar grounds. However, the Asia-Pacific is expected to grow at the highest rate in the nucleic acid extraction system market due to excessive research being conducted in the field of life sciences.
How is Nucleic Acid Extraction System Demand Shaping Up?
“Market Driven by Technological Advancements in Analytical Instruments”
Developments in processes associated with nucleic acid extraction have resulted in increasing demand for quality reagents, kits, and related products. Several companies with product offerings have developed in-house capabilities to generate high-quality products with short turnaround times to meet varying research requirements.
Technological developments in sample preparation methods for nucleic acid extraction, agreements between top research institutes to boost research activities related to molecular biology, increasing demand for custom nucleic acids, and technological advancements in analytical instruments are some of the major drivers for the nucleic acid purification market.
In addition, growing investments in medical research, especially by academic and research institutes over the past several decades have resulted in a better understanding of fundamental pathways with which various proteins involved in the development of disease are either down-regulated or up-regulated.
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Key Segments Covered in the Nucleic Acid Extraction System Industry Survey
- Nucleic Acid Extraction System Market by Product :
-
- DNA Extraction
- RNA Extraction
- Protein Extraction
- Nucleic Acid Extraction System Market by Application :
-
- Hospitals & Diagnostic Centers
- Life Science
- Pharmaceuticals
- Academic
- Medical and Clinical Research
- Nucleic Acid Extraction System Market by Region :
-
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Competitive Landscape
Expansion through mergers, acquisitions, joint ventures, collaborations, partnerships, and new product launch are the collective cornerstone of nucleic acid extraction system market.
For instance,
- QIAGEN, in January 2020, mentioned about completing 2,500 placements of QIAsymphony instrument. This is actually the widest test portfolio of any platform in Europe as a whole.
- Thermo Fisher, in 2022, went on records to invest US$ 97 Mn for expanding the clinical research operations in Virginia. The major objective would be provision of high-class bioanalytical lab services to the advanced clinical research programs.
- Purigen Biosystems, Inc. introduced FFPE Complete Purification Kit for retrieving DNA/RNA from the FFPE tissue samples, that too, in single procedure.
- QIAGEN came up with QIAcube Connect MDx – an automated sample screening as well as assessment system to cater to molecular diagnostic centers.
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Key players in the Nucleic Acid Extraction System Market
- Thermo Fisher Scientific, Inc.
- Illumina, Inc.
- Agilent Technologies, Inc.
- Tecan Group AG.
- Sigma Aldrich Corp.
- Becton Dickinson and Company
- QIAGEN
- Bio-Rad Laboratories Inc.
- PerkinElmer, Inc.
Key Takeaways from Nucleic Acid Extraction System Market Study
- North America is expected to hold more than 40 of the market share by the year 2032.
- By type, RNA extraction is expected to dominate by the year 2032.
Key Questions Covered in the Nucleic Acid Extraction System Market Report
- Who are the leading players in the Nucleic Acid Extraction System market?
- Which region is anticipated to dominate the global Nucleic Acid Extraction System market during 2022-2032?
- What is the expected value of Nucleic Acid Extraction System market in 2022?
- Which are the challenges faced in the Nucleic Acid Extraction System market?
- What will be the market size of global Nucleic Acid Extraction System market during the forecast period (2022-2032)?
- At what rate will the global Nucleic Acid Extraction System market grow until 2032?
More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global NGS sample preparation market, presenting historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of product type (instruments and kits, reagents & consumables), application (drug & biomarker discovery, diagnostics, precision medicine and others (agriculture and animal research)) and end user (hospitals & diagnostic centers, biotechnology & pharmaceutical companies, academic & research institutes and others (CROs and CMOs)) across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa).
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