Copyright © 2024 Research Nester. All Rights Reserved
Nucleic Acid Isolation and Purification Market size was valued at USD 5.65 billion in 2023 and is set to exceed USD 15.74 billion by 2036, registering over 8.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of nucleic acid isolation and purification is evaluated at USD 6.02 billion.
The global market is estimated to observe a notable growth over the forecast period owing to the growing developments in genetic engineering techniques, increasing applications of genetic engineering techniques for cell isolation processes and the growing use of nucleic acid-based tests in diagnosis. Additionally, RNA extraction processes, which is also known to form a wide, untapped class of biomolecules, that plays an important role during disease progression, is raising the need for the study of different RNA extraction techniques that are applicable for different biological processes, which is also anticipated to promote towards the growth of the market. Further, rising applications of these techniques in various fields such as genetic engineering, molecular diagnostics, life science research, and forensics, along with the government funding in R&Ds are anticipated to support the development of the global nucleic acid isolation and purification market. This technique is also widely used in diagnosing sexually transmitted diseases. According to the statistics by the US Department of Health & Human Services, as of 2016, there were approximately 36.7 million people living with HIV/AIDS around the globe. Further, in other statistics by the World Health Organization, more than 1 million sexually transmitted infections are acquired every day worldwide. The statistics also stated that 500 million people were estimated to have genital infection with herpes simplex virus (HSV) and 290 million women with human papillomavirus (HPV) infection.
Growth Drivers
Growing Concern for the Prevalence of Several Infectious Diseases
Globally, throughout the years, several infectious diseases, such as cancer, several genetic disorders and other neglected tropical diseases have spread rapidly and infected people. As a result, there is an increasing concern for the study of these diseases to reduce the spread, which in turn is raising the need for the isolation of the genetic information, i.e. DNA and RNA, for processing nucleic acid-based diagnostics. Nucleic acid-based isolation techniques is one of the most advanced form of genetic engineering analysis which has significantly helped to advance in the healthcare sector. Further, with advancements in the search for several next-generation sequencing (NGS) technologies and for advanced research in genetic engineering study are some of the factors anticipated to drive the growth of the market.
Challenges
High Costs Involved in Isolation and Purification Processes
The high prices of the instruments associated with these procedures raises the overall isolation and purification costs are one of the key restraints anticipated for the growth of the market.
|
Base Year |
2023 |
|
Forecast Year |
2024–2036 |
|
CAGR |
8.2% |
|
Base Year Market Size (2023) |
USD 5.65 billion |
|
Forecast Year Market Size (2036) |
USD 15.74 billion |
|
Regional Scope |
|
The nucleic acid isolation and purification market is segmented by type, product, method and by application, out of which, the kit segment of product is anticipated to hold leading shares in the nucleic acid isolation and market owing to the low cost and easy usage of kits in applications such as gene sequencing, molecular diagnostics, and gene cloning. On the contrary, the column-based isolation and purification segment of method sector accounted for the largest share of the global market on account of more cost-effective, simpler, and faster than organic extraction, and can also be automated. Conversely, the medical segment of the end-user sector accounted for the largest share of the market owing to the increasing research activities and the use of nucleic acid tests in molecular diagnostics.
Our in-depth analysis of the global market includes the following segments:
By Type |
|
By Product |
|
|
By Method |
|
By Application |
|
By End-User |
|
Based on geographically, the nucleic acid isolation and purification market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America industry is predicted to account for largest revenue share by 2036, owing to increasing application of nucleic acid isolation in food processing, agriculture, and environmental testing. The presence of food safety regulatory bodies for surveillance of processed food products in the U.S., such as the Food and Drug Administration (FDA) and the Food Safety and Inspection Service (FSIS), stipulates the DNA isolation procedures for each type of food product. On the contrary, the Asia Pacific region is expected to witness an escalating growth rate in the near future owing due to growth in DNA and RNA library preparation for next-generation sequencing in countries such as India and China.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?