Increasing advancement in genomics research, rising adoption of sequencing techniques in clinical diagnostics, and growing investment in R&D in molecular biology and precision medicine are key factors driving market growth
Market Size – USD 3.19 Billion in 2020, Market Growth – at a CAGR of 8.6%, Market Trends – Increasing use of nucleic acid-based tests in diagnostics
The Global Nucleic Acid Isolation and Purification Market size is expected to reach USD 6.17 Billion by 2028 at a CAGR of 8.6%, according to the latest report by Reports and Data. Rapid adoption of nucleic-based tests in clinical diagnostics, growth in genomics research, increasing use of sequencing techniques to identify and diagnose diseases, and rapid technological advancements in biotechnology and pharmaceutical sectors are some key factors expected to drive market revenue growth over the forecast period. In addition, increasing investment in research and development in the fields of molecular biology and precision medicine are also expected to drive revenue growth of the market over the forecast period.
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Nucleic acid isolation and purification is a routine procedure in molecular biology and forensic analysis. Nucleic acid is a starting point for numerous downstream applications and the quality of nucleic acids in the sample play a major role in determining the success of subsequent steps of analysis. Nucleic acid extraction and purification is majorly done to disintegrate cell envelope and achieve maximal removal of lipids and proteins to obtain high-quality and yield and DNA or RNA. The nucleic acid samples generated by this technique are then used for various purposes such as in sequencing, cloning, polymerase chain reaction, and others. It enables efficient identification and detection of pathogens, microorganism, and genetic aberrations in the given sample. This has contributed significantly to progress of genomics research and is expected to further fuel revenue growth of the market over the forecast period.
Increasing application of Next-Generation Sequencing (NGS) and liquid biopsies for early detection and diagnosis of cancer is also expected to boost revenue growth of the market going ahead. However, lack of skilled technicians, incidence of nucleic acid degradation, and high costs of reagents and instruments are expected to restrain market growth to a certain extent over the forecast period.
Some Key Highlights From the Report:
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For the purpose of this report, Reports and Data has segmented the global nucleic acid isolation and purification market based on product, type, method, application, end-use industry, and region:
Product Outlook (Revenue, USD Billion; 2018-2028)
Method Outlook (Revenue, USD Billion; 2018-2028)
Type Outlook (Revenue, USD Billion; 2018-2028)
End-use Industry Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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