Global Nucleic Acid Isolation and Purification Market to Reach USD 8.87 Billion by 2030, Growing at a CAGR of 8.5%
Summary:
The global Nucleic Acid Isolation and Purification market is poised for substantial growth, projected to reach nearly USD 8.87 billion by 2030, expanding at a compound annual growth rate (CAGR) of 8.5% from 2024. This growth is driven by technological advancements and increasing applications in diagnostics, drug discovery, and personalized medicine.
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A) Market Size:
The Nucleic Acid Isolation and Purification Market is expected to see robust growth in the coming years. By 2030, the market is forecasted to reach a valuation of USD 8.87 billion, with a compound annual growth rate (CAGR) of 8.5% during the period of 2024-2030. The growing demand for advanced nucleic acid testing in diagnostics and personalized medicine is fueling this growth.
B) Scope and Research Methodology:
The study is based on a combination of primary and secondary research. Secondary research includes gathering data from credible sources such as industry reports, government publications, and recognized databases. Primary research focuses on expert opinions and in-depth interviews with key players in the market. This dual approach ensures comprehensive market insights.
C) Report Coverage:
The report provides an exhaustive analysis of the global Nucleic Acid Isolation and Purification market, including market size, forecast, competitive analysis, trends, and market dynamics. It also covers key players, regional segmentation, and the impact of COVID-19 on the market.
D) Overview:
Nucleic acid isolation and purification are crucial in various applications, such as diagnostics, drug discovery, and research in genomics and molecular biology. The growing need for precision medicine and advancements in biotechnology are key drivers of market growth.
E) Dynamics:
The Nucleic Acid Isolation and Purification Market is driven by an increase in research activities, especially in genomics and molecular biology. The rise in the adoption of personalized medicine and the growing demand for high-quality diagnostic tests further contribute to market expansion. Innovations in isolation technologies, such as column-based, magnetic bead-based, and reagent-based methods, are expected to play a significant role in the market’s growth.
F) Segmentation:
The market is segmented by product (kits, reagents, and instruments), by type (plasmid DNA, RNA, genomic DNA, microRNA, and others), by method (column-based, magnetic bead-based, and reagent-based), by application (diagnostics, drug discovery, personalized medicine, agriculture), and by end-user (hospitals, research institutes, biotechnology companies, and others).
G) Key Players Include:
- QIAGEN
- Thermo Fisher Scientific, Inc.
- Illumina, Inc.
- Danaher Corporation
- F. Hoffmann-La Roche AG
- Merck KGaA
- Agilent Technologies
- Bio-Rad Laboratories
- Takara Bio, Inc.
- Promega Corporation
- New England Biolabs
- LGC Limited
- Abcam plc
- Norgen Biotek Corp
- AutoGen, Inc.
- PCR Biosystems, Inc.
H) Key Offerings:
- Plasmid DNA isolation and purification
- Genomic DNA and RNA isolation
- Magnetic bead-based nucleic acid isolation
- Reagent kits for RNA and DNA purification
I) Table of Contents:
- Introduction
- Market Overview
- Market Dynamics
- Market Segmentation
- Key Players Analysis
- Competitive Landscape
- Regional Analysis
- Impact of COVID-19
- Future Outlook and Trends
- Conclusion
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