Fact.MR, a global research firm, in its latest study on the nucleic acid extraction system market projected the market to record a robust CAGR in 2021.
Fact.MR, a global research firm, in its latest study on the nucleic acid extraction system market projected the market to record a robust CAGR in 2021. The growth of the nucleic acid extraction system market is mainly due to the wide-range applications of nucleic acid testing in diagnostics, rapid advancements in technology, and increment in the R&D funding in healthcare and biotechnology.
“The mechanical progressions and developments; and government initiatives in the form of subsidizing for investigating ventures are the aspects fuelling the market. Furthermore, the growing use of nucleic corrosive based tests in conclusion is slated to impel this market in forthcoming years.” states Fact.MR.
Technological Progressions Continues to Drive Nucleic Acid Extraction System
Technological progressions in sample preparation technique for nucleic acid extraction, agreement amid topmost research institutes to increase research activities in relation to molecular biology, growing demand for novel extraction techniques and progressions in technology in analytical instruments are a few of the key drivers.
Fact.MR’s study reflects that rapid advancement in technology, such as polymerase chain reaction (the initial nucleic acid amplification method), that transformed the method of the clinical microbiologists in viewing and utilizing nucleic acid methods in clinical settings is steering the growth in the market.
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Nucleic acid extraction system market are extensively utilized in hospitals & diagnostic centers, academic research institutes, contract research organizations (CROs), pharmaceutical & biotechnology companies, and others (such as forensic laboratories and food testing). The academic research institutes are widely utilizing nucleic acid extraction systems as it plays a vital role in the customized and predicative medication.
Whereas, hospitals & diagnostic centers are gradually catching up on the back of surging use of nucleic acid tests in molecular diagnostics.
How Big is the US Nucleic Acid Extraction System Market?
The U.S. has reflected rapid progression in technologies and has rigorous standards for pharmaceuticals analysis. This is projected to propel growth of nucleic acid extraction system in the region.
In the UK, key biotech firms are undergoing scale-up of operations and commercialization that is projected to boost demand for nucleic acid extraction systems.
Japan, China, and India offer huge growth prospects for the market, owing to growing R&D expenditure and advancements in technology in these nations.
Agreements & Partnership Models Remains Key Focus Areas: Fact.MR Survey
Nucleic acid extraction system market is fragmented, competitive and comprises of various key players. Fact.MR’s survey with thought leaders revealed that agreements and partnership models to fortify their businesses will remain a prominent strategy for market players in 2021 & beyond. The updated edition of the report provides comprehensive coverage of the projected to remain the key strategies of market players. Some of the players profiled in the report are Illumina, Inc., Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Sigma Aldrich Corp., Tecan Group AG., Becton Dickinson and Company, Bio-Rad Laboratories Inc., QIAGEN, PerkinElmer, Inc., DiaSorin S.p.A, and F. Hoffmann-La Roche. The updated edition also offers a detailed analysis of the COVID-19 impact on this market.
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Source: Fact.MR