Nucleic Acid Isolation and Purification Market New Opportunities & Analysis
Posted by Neha Bora on January 15th, 2020
San Francisco, 15 January 2020: The Report Nucleic Acid Isolation and Purification Market Analysis Report By Product, By Type (DNA, RNA), By Application (Drug Discovery, Oncology), By Method, By End Use, By Region, And Segment Forecasts, 2018 – 2025
The global nucleic acid isolation & purification market size is expected to reach USD 3.6 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.8% during the forecast period. Decreasing cost of genetic sequencing, ongoing developments in genetics, personalized medicine, and diagnostics, and increasing automation and technological advancements in instruments and tools used for isolation and purification of polynucleotides are some of the key factors driving this market.
Nucleic acid isolation and purification is the most basic step deployed in any biological research. Extraction, isolation, and purification of DNA and RNA are very crucial and need the help of experts. These techniques are mostly used in cloning, sequencing, genetic engineering, life science research, forensics, agriculture, and other fields.
Utilization of nucleic acids has gone beyond mere storage of genetic information and protein synthesis. These biological moieties can be used in myriad healthcare domains such as gene therapy, therapeutics and diagnostics, precision medicine, and forensics.
Over the years, scientists have been able to separate and purify nucleic moieties such as mRNA, miRNA, plasmid DNA, and genomic DNA. This is helpful in studying diseases and their pathologies at a genetic level in detail, which in turn, has proved helpful in designing therapeutics and diagnostics for several life threatening diseases. The detachment, disengagement, ligation, and purification of nucleic acids has become a lot easier than before, thanks to technological advancements and increasing use of DNA/RNA sequencing.
Various methods are used for the isolation and purification of nucleic acids such as silica based, magnetic bead based, and reagent based. Magnetic bead-based isolation and purification has become increasingly popular among researchers. These techniques and tools are utilized by diagnostic labs and clinics, pharmaceutical and biotech companies, scholastic research institutes, and hospitals.
North America currently holds the largest share in this market, followed by Europe. Asia is likely to register the fastest growth owing to its rapidly expanding economy, rising healthcare expenditure, and increasing government financing in research projects.
High cost of instruments that are utilized as part of the methodology for isolation and purification of nucleic acids is one of the key challenges in the market, especially in emerging countries. Major players in this market include QIAGEN; Danaher Corporation; Thermo Fisher Scientific, Inc.; Agilent Technologies Inc.; Bio-Rad Laboratories Inc.; and Promega Corporation.
Access Research Report of Nucleic Acid Isolation and Purification Market @ www.grandviewresearch.com/industry-analysis/nucleic-acid-solation-and-purification-market
Further key findings from the report suggest:
Grand View Research has segmented the global nucleic acid isolation & purification market based on product, type, application, method, end use, and region:
Nucleic Acid Isolation & Purification Product Outlook (Revenue, USD Million, 2014 - 2025)
Nucleic Acid Isolation & Purification Type Outlook (Revenue, USD Million, 2014 - 2025)
Nucleic Acid Isolation & Purification Application Outlook (Revenue, USD Million, 2014 - 2025)
Nucleic Acid Isolation & Purification Method Outlook (Revenue, USD Million, 2014 - 2025)
Nucleic Acid Isolation & Purification End-use Outlook (Revenue, USD Million, 2014 - 2025)
Nucleic Acid Isolation & Purification Regional Outlook (Revenue, USD Million, 2014 - 2025)
Like it? Share it!
About the AuthorNeha Bora
Joined: September 16th, 2019
Articles Posted: 1,207
More by this author