Nucleic Acid Isolation and Purification Market Size

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.