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Nucleic Acid Isolation and Purification Market Size, Share 2022: Emerging Technologies, Sales Revenue, Key Players Analysis, Development Status, Growth Opportunity Assessment and Industry Expansion Strategies

Kenneth Research has recently added a report titled Nucleic Acid Isolation and Purification Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Nucleic Acid Isolation and Purification Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Nucleic Acid Isolation & Purification Market is valued approximately USD 2.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.9 % over the forecast period 2020-2027. Nucleic acid isolation and purification is the molecular biology techniques such as the sequencing, polymerase chain reaction, cloning, and so on. Nucleic acid isolation and purification are used in various applications such as life science research, genetic engineering, molecular diagnostics and forensics. Nucleic acid isolation and purification is used for infectious disease research, thus highly demanded for the recent COVID-19 pandemic crisis. The increasing R&D activities, rising technological advancements and automation encourages the growth of Nucleic Acid Isolation & Purification Market. For instance: as per the Ministry of Science & Technology Government of India, the Gross expenditure on R&D (GERD) in the India has been consistently increasing over the years and has nearly tripled from Rs. 39,437.77 crores (USD 5.2 billion) in 2007- 08 to Rs. 1,13,825.03 crores (USD 15.02 billion) in 2017-18. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 07th January 2019, German-based Qiagen N.V. launched QIAcube Connect, a next generation with complete automation for nucleic acid extraction and purification for sample processing in research labs. However, high cost of automated instruments is the major factor restraining the growth of global Nucleic Acid Isolation & Purification market during the forecast period.

The regional analysis of global Nucleic Acid Isolation & Purification Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the significant R&D spending in biotechnology and pharmaceutical companies, technological advancements, and government support. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Qiagen N.V.
Thermo Fisher Scientific
F. Hoffman-La Roche AG
Promega Corporation
Agilent Technologies
Bio-Rad Laboratories
Danaher Corporation
GE Healthcare
Illumina, Inc.
Merck KGAA

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:

By Product:
Kits
Reagents
Instruments

By Method:
Column-based Isolation and Purification
Magnetic Bead-based Isolation and Purification
Reagent-based Isolation and Purification
Other

By Type:
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
Others

By Application:
Diagnostics
Drug Discovery & Development
Personalized Medicine
Agriculture & Animal Research
Others

By End-User:
Hospitals & Diagnostic Centers
Academic & Government Research Institutes
Pharmaceutical & Biotechnology Companies
Contract Research Organizations
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Nucleic Acid Isolation & Purification Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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