DNA Library Preparation Market Size

DNA Library Preparation Market size is anticipated to cross USD 156 billion by the end of 2036, expanding around 14% CAGR during the forecast period i.e., 2024-2036. In the year 2023, the industry size of DNA library preparation was over USD 16 billion. DNA library preparation plays a significant role in reducing the number of genetic disorders.  According to a report published by the World Health Organization (WHO), there are approximately 5,000 to 8,000 rare diseases worldwide, most of which include genetic disorders that affect 400 million citizens. Due to changes in the focus of COVID-19 vaccine development, the transmission of the Coronavirus has led to delays in research and development activities of biopharmaceutical companies in the market preparing letters DNA Institute. In some countries, COVID-19 has led to lockdowns, delaying production in the DNA library preparation kits market.

Additionally, the growth of the DNA library preparation market can also be driven by the increasing incidence of genetic diseases all across the globe. Advances in genetic engineering technology will lead to increased demand for the DNA library preparation industry. In the field of drug discovery and clinical diagnostics, the growing demand for genomics will strengthen the market in the assessment period. Furthermore, rising healthcare expenditure and advancement in healthcare infrastructure all across the globe is estimated to positively influence the market expansion in the review period.