Nucleic acid isolation and purification is an initial step in the study of molecular biology and recombinant DNA technique. It allows the processing of several samples in less time, minimizes loss of nucleic acid degradation, and improves productivity and effectiveness in the laboratory.
The biotechnology and pharmaceutical segment is expected to register the fastest growth during the forecast period. DNA or RNA isolation and purification are essential steps of drug discovery, target identification, and phase testing during drug development. Several pharmaceutical companies are making substantial investments in R&D activities for drug discovery projects, further driving the segment growths.
Rising adoption of CRISPR technology to identify and validate novel therapeutics provides an impetus to the market growth. The introduction of genome editing techniques and reduction in R&D costs accelerates the process of drug development, further driving the adoption of nucleic acid and extraction kits in the pharmaceutical and biotech companies.
Impact of COVID-19
Biopharmaceutical companies are at the frontline in the human response to the pandemic coronavirus and are actively working to examine the genome of Sars-Cov-2 and develop a vaccine. The companies are heavily investing in R&D activities and are adopting nucleic acid isolation and purification technique to derive viable solutions.
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Nucleic Acid Isolation and Purification Market: Segmentation
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* Known and Unknown Adjacencies Influencing the Growth of Market
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* Customer Behaviour Analysis
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* Customized Geographical Data Based on Customers as well as Competitors
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