North America to Dominate the Nucleic Acid Isolation and Purification Market

Sat, 06 June 2020 5:25

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?

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Key Highlights

  • The nucleic acid isolation and purification market was valued at USD 2,400 million in 2019 and is expected to grow with a CAGR of 7.2% during the forecast period on account of increasing public-private funding for life science research, technological progressions, and growing automation.
  • The kits segment is predicted to hold the largest market share for their low cost and ease of use in gene sequencing, molecular diagnostics, and gene cloning.
  • In 2019, the diagnostics segment held the largest market share on account of growing awareness about genomic diagnostics and rising efficiency of genomic sequencing in the diagnosis of diseases.
  • North America dominates the nucleic acid isolation and purification market on account of rising R&D expenditure by biotechnology and pharmaceutical firms, technological advancements, and government support.

Key Players

  • QIAGEN
  • Illumina, Inc.
  • Danaher; F.
  • Hoffmann-La Roche Ltd.
  • Merck KGaA
  • Thermo Fisher Scientific, Inc.
  • Agilent Technologies
  • Bio-Rad Laboratories, Inc.
  • GE Healthcare
  • Promega Corporation
  • NorgenBiotek Corp

Recent Development

  • In May 2019, Thermo Fisher Scientific Inc. acquired Brammer Bio, a leader in viral vector manufacturing for gene and cell therapies.

Nucleic Acid Isolation and Purification Market: Segmentation

By Product

  • Kits
  • Reagents
  • Instruments

By Method

  • Column-Based Isolation and Purification
  • Reagent-Based Isolation and Purification
  • Magnetic Bead-Based Isolation and Purification

 By Type

  • Plasmid DNA Isolation and Purification
  • Total RNA Isolation and Purification
  • Genomic DNA Isolation and Purification
  • Messenger RNA Isolation and Purification
  • Micro RNA Isolation and Purification
  • Circulating Nucleic Acid Isolation and Purification
  • PCR Cleanup

By Application

  • Diagnostics
  • Drug Discovery and Development
  • Precision Medicine
  • Agriculture and Animal Research

By End-User

  • Research Centres and Academic and Government Institutes
  • Hospitals and Clinics
  • Pharmaceutical and Biotechnology Companies 

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • The Middle-East and Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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