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Nucleic Acid Labeling Market size is estimated to be $1.65 billion in 2019, growing at a CAGR of 8.5% during the forecast period 2020-2025.Rising geriatric population and the need of personalized medicines, increasing genomic and enzymology research and advancements in diagnostic tools for synthetic genome design and government initiatives for research and development in microbiology is a significant factor driving the nucleic acid labeling market during the forecast period 2020-2025.Nucleic acid may be modified with tags that enables detection and purification. The resulting nucleic acid probes can be used to identify or recover other interacting molecules. Common labels used to generated nucleic acid probe include radioactive phosphates, biotin, flurophores and enzymes.In addition the biconjugation method used for nucleic acid probe generation may be adapted for attaching molecules or surfaces to facilitate targeted delivery or immobilization. Nucleic acid labelling is a technique used to label nucleic acid for purification and visualization. In addition nucleic acid can be labelled at their 5’ end and 3’ end or throughout the molecule depending on a particular application to generate information on gene integrity and copy number, to diagnose specific sequences and chromosomal aberrations, to simultaneously measure the relative expressions of RNAs or to discover protein nucleic acid interactions. Common labels used to
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By Type- Segment Analysis
By Type Non-radioactive accounted for the largest market share in 2019 owing to its relative speed, sensitivity, safety and versatility. Furthermore, non-radioactive labels for RNA and DNA are widely used in molecular research labs thereby contributing to its market growth. Moreover, fluorescent and reactive labels help researchers investigate protein that interact with nucleotides at a single molecule level. Furthermore, non-radioactive detection methods eliminate the need to deal with licensing, waste disposal and safety concerns associated with the use of radioactive materials. The probes generated are more stable than are probes labeled with 32P.In addition, non-radioactive detection methods typically require shorter exposure times to detect the hybridization signal which is a significant factor driving the segment which in turn is boosting the nucleic acid labeling market during the forecast period 2020-2025.
By Labeling Technique- Segment Analysis
Polymerase Chain Reaction accounted for the largest market share in 2019 owing to its sensivity that allows rapid amplification of a specific segment of DNA. In addition it is a high sensitive technique with the potential to produce millions to billions of copies of a specific product for screening, cloning and analysis thereby increasing its demand. In addition to the rapidity with which this assay works, it is able to quantitatively measure how much of a particular sequence is present. Furthermore, technological advancements has led modified version of PCR which have allowed quantitative measurements for gene expression with techniques called real-time PCR thereby boosting the Nucleic Acid Labeling Market during the forecast period 2020-2025. The random primer segment is projected to be the fastest growing with a CAGR of 8.8% during the forecast period 2020-2025.
Geography- Segment Analysis
North America dominated the Nucleic Acid Labeling Market with a region share 40% in 2019 followed by Europe and APAC. Rising geriatric population along with the increasing health expenditure and government initiative, increasing health concerns coupled with the growing demand of advanced treatment and a better healthcare structure is a major factor propelling its market growth. Furthermore, the presence of major players and ease of availability of technology advanced instruments in that region is further driving its market growth.
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Drivers – Nucleic Acid Labeling Market
Increasing incidence of chronic diseases leading to diabetes and other cardiovascular diseases and the patients demand for personalized medicine is a major driving the Nucleic Acid Labeling Market during the forecast period 2020-2025.Futhermore, through this genome analysis scientist can personalize drugs to make them more effective, thereby improving treatment outcomes. Furthermore, this approach can be used to detect and diagnose diseases in a highly specific manner categorizing them by genetic variation rather than symptoms thereby attracting large number of patients towards it which in turn is boosting the nucleic acid labeling market.
With the remarkable development in sequencing technology, the genome of diverse species from bacteria to human have been completely sequenced. In addition the sequencing speed has greatly accelerated by the recent advent of next-generation sequencing (NGS) methods, which earlier followed the conventional capillary-based sequencing methods. NGS methods analyze various size and types of DNA libraries more accurately rapidly and cheaply in a throughout fashion thereby driving the market. NGS provide powerful tools not only to discover fundamental biological information such as whole genome-sequences, variations and DNA proteins interaction, but to also apply to diagnostic and clinical uses which is further contributing to its market growth.
Challenges – Nucleic Acid Labeling Market
Lack of Skilled Professional serves as a major setback for the growth of the Nucleic Acid Labeling Market during the forecast period 2020-2025. Futher more owing to the lack of skilled professional an understanding of the interpretation of anti HCV-screening test results, when more specific testing should be performed and which test should be considered for this purpose.
Nucleic Acid Labeling Market Industry Outlook
Product Launches, Merger & Acquistion, joint ventures and R&D activities are key strategies adopted by the players in Nucleic Acid Labeling Market. Nucleic Acid Labeling Market top 10 companies are Enzo Biochem Inc, GE Healthcare, Marker Gene Technologies Inc, Merck KGaA, Thermofisher Scientific Inc, Vector Lavoratories Inc, Agilent Technologies, Promega Corporation, New England Biolabs and General Electric Company.
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