According to the new market research report "Nucleic Acid Isolation and Purification Market by Product (Kit, Reagent, Instrument), Method (Column, Magnetic Beads), Type (Genomic DNA, Plasmid DNA, miRNA), Application (Drug Discovery, Precision Medicine), End User (Academic) - Global Forecast to 2025", published by MarketsandMarkets™, the global Nucleic Acid Isolation and Purification Market is projected to reach USD 4.8 billion by 2025 from USD 3.2 billion in 2020, at a CAGR of 8.9% during the forecast period.
Browse in-depth TOC on "Nucleic
Acid Isolation and Purification Market"
116 – Tables
34 – Figures
191 – Pages
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The growth of this market can mainly be attributed
to the increasing R&D activities as well as technological advancements and
increasing automation. On the other hand, the high cost of automated
instruments is expected to hinder the growth of the market.
By product, the kits segment accounted for the
largest market share in 2019.
On the basis of product, the nucleic acid isolation
and purification market has been segmented into kits, reagents, and
instruments. The kits segment accounted for the largest share of the global
nucleic acid isolation and purification market in 2019. Growth in this market
can be attributed to the low cost and easy usage of kits in applications such
as gene sequencing, molecular diagnostics, and gene cloning.
By application, the diagnostics segment accounted
for the largest market share in 2019.
On the basis of application, the global nucleic acid
isolation and purification market is segmented into diagnostics, drug discovery
& development, personalized medicine, agriculture & animal research,
and other applications. In 2019, the diagnostics segment accounted for the
largest share of the global nucleic acid isolation and purification market;
this segment is also expected to register the highest CAGR during the forecast
period. The large share and high growth rate of this segment can be attributed
to the growing awareness of genomic diagnostics among patients and the
increasing efficiency of genomics sequencing in the diagnosis of diseases.
By Type, the plasmid DNA isolation and purification
segment accounted for the largest market share in 2019.
On the basis of type, the global nucleic acid
isolation and purification market is segmented into plasmid DNA isolation and
purification, total RNA isolation and purification, circulating nucleic acid
isolation and purification, genomic DNA isolation and purification, messenger
RNA isolation and purification, microRNA isolation and purification, PCR
cleanup, and other nucleic acid isolation and purification types. In 2019, the
plasmid DNA isolation segment accounted for the largest share of the market.
The large share of this market segment can be attributed to the wide use of
purified plasmid DNA in a variety of downstream applications, such as PCR,
sequencing, expression of proteins, gene therapy, and transfection.
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North
America dominates the nucleic acid isolation and
purification market during the forecast period.
In 2019, North
America accounted for the largest share of the nucleic
acid isolation and purification market, followed by Europe.
The large share of this region can be attributed to factors such as significant
R&D spending in biotechnology and pharmaceutical companies, the large size
of the biotechnology industry, technological advancements, and government
support in the region. However, the Asia
Pacific region is expected to grow at the highest rate
during the forecast period
QIAGEN N.V. (Netherlands),
Thermo Fisher Scientific (US), and F. Hoffmann-La Roche Ltd. (Switzerland)
are the key players operating in the nucleic acid isolation and purification
market. Other prominent players in this market include Promega Corporation
(US), Agilent Technologies (US), Bio-Rad Laboratories (US), Danaher Corporation
(US), GE Healthcare (US), Illumina, Inc. (US), Merck KGaA (Germany), Takara Bio (Japan),
Zymo Research (US), New England Biolabs (US), Norgen Biotek Corp (Canada), Omega Bio-tek
(US), Genaxxon Bioscience GmbH (Germany), 3B BlackBio Biotech India Limited (India),
Invitek Molecular (Germany),
BioVision (US), and Analytik Jena AG (Germany).
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