The global nucleic acid isolation and purification market size is expected to reach USD 9.19 billion by 2028 according to a new study by Polaris Market Research. The report “Nucleic Acid Isolation and Purification Market Share, Size, Trends, Industry Analysis Report, By Product (Kits & Reagents, Instruments); By Type; By Method (Column-based, Magnetic Beads, Reagent-based, Others); By Application (Precision Medicine, Diagnostics, Drug Discovery & Development, Agriculture and Animal Research, Others); By Region; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Development in personalized medicine is contributing to the market growth. Next-generation sequencing is becoming popular in tumor biopsies. Liquid biopsies are considered an attractive option in cancer diagnostics since it employs routine and straightforward tests that can detect cancer at very early stages.
Pre-diagnosis of tumors is one of the biggest challenges, and next-generation sequencing can play an important role in effectively tackling it. Hence, the rise in the use of NGS services is projected to impact the adoption of nucleic acid isolation and purification technologies directly.
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Formalin-fixed paraffin samples, considered necessary in deducing molecular structures, correlate with carcinogenesis and require labor-intensive isolation and purification process. To combat such challenges, companies in the market are introducing extraction kits for the efficient isolation of nucleic acids.
In this line, in March 2021, Purigen introduced FFPE Complete Purification Kit to recover RNA and DNA from the FFPE tissue samples in streamlined single workflow systems. Compared to the manual columns, it enables streamlining workflow by reducing hands-on time by more than 75%. Hence, such innovative product launches also play a pivotal role in the market growth of nucleic acid isolation and purification.
APAC is expected to witness a lucrative growth rate over the study period. The region has the two most populated countries, suffering from chronic diseases, economic advances in developing healthcare infrastructure, and a rise in disposable income positively impacted the region’s growth. Moreover, government-based population-based studies and the recent surge in COVID-19 cases also supported the region’s nucleic acid isolating and purifying growth.
Market participants operating in the global market include Agilent Technologies, Abcam plc, Apical Scientific, Biogenuix, AutoGen, Inc., Bio-Rad Laboratories, Inc., Illumina, Inc., Danaher, LGC Limited, MagGenome, MACHEREY-NAGEL GmbH, Merck KgaA, Norgen Biotek Corp, Takara Bio, Inc., New England Biolabs, PCR Biosystems, Inc., QIAGEN, Promega Corporation, and Thermo Fisher Scientific, Inc.
Polaris Market Research has segmented the nucleic acid isolation and purification market report on the basis of product, type, method, application, and region:
Nucleic Acid Isolation and Purification, Product Outlook (Revenue - USD Million, 2016 – 2028)
Nucleic Acid Isolation and Purification, Type Outlook (Revenue - USD Million, 2016 – 2028)
Nucleic Acid Isolation and Purification, Method Outlook (Revenue - USD Million, 2016 – 2028)
Nucleic Acid Isolation and Purification, Application Outlook (Revenue - USD Million, 2016 – 2028)
Nucleic Acid Isolation and Purification, by Regional Outlook (Revenue - USD Million, 2016 – 2028)