Key Insights into the Automated Nucleic Acid Extraction Devices Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theAutomated Nucleic Acid Extraction Devices Market?
The upward trend in research and development activities is anticipated to spur the expansion of the automated nucleic acid extraction devices market. These activities encompass businesses’ efforts to research and collate market data before the commencement of the development process. This is done to innovate and introduce new products and services into the market, thus enhancing business profitability. Automated nucleic acid extraction devices find application in research and development activities for clinical evaluation, biological analysis, and environmental surveillance, thereby facilitating the development of new solutions by companies. For example, the World Health Organization (WHO), a specialized health agency of the United Nations based in Switzerland, reported in July 2022 that between March 2021 and January 2022, the number of nations capable of conducting genomic surveillance proliferated from 54% to 68% due to the escalating investment made during the COVID-19 crisis. As a result, the rise in research and development activities is catalyzing the growth of the automated nucleic acid extraction devices market.
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How Will the Growth Rate of theAutomated Nucleic Acid Extraction Devices Market Impact Industry Trends by 2034?
In recent times, there has been a swift expansion in the market size of automated nucleic acid extraction devices. Projections indicate that it will increase from $5.93 billion in 2024 to $6.63 billion in 2025, yielding a compound annual growth rate (CAGR) of 11.7%. The unprecedented growth recorded in the historical period can be traced to factors such as the escalating demand for molecular diagnostics, enhanced understanding of automation benefits, growth in the pharmaceutical and biotechnology sectors, government’s push towards molecular diagnostics, and a rising need for these diagnostics.
The market size of automated nucleic acid extraction devices is expected to experience accelerated growth in the forthcoming years. It is predicted to reach a value of $11.31 billion in 2029, with a compound annual growth rate (CAGR) of 14.3%. This surge during the forecast period might be due to the growing need for personalized medicine, enhanced demand for automation, amplified emphasis on precision medicine, increased requirements for point-of-care testing, and integration with next-generation sequencing. The upcoming trends expected during this period includes technological progressions, escalated demand for molecular diagnostics, the downsizing of automated systems, point-of-care testing, and the integration of artificial intelligence (AI) and data analytics.
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What Are the Current Market Growth and Trends in theAutomated Nucleic Acid Extraction Devices Market That Industry Players Should Watch?
Product evolution and innovativeness are becoming essential trends within the automated nucleic acid extraction devices market. Major players in this industry are consistently launching advanced products to maintain their market dominance. An example of this is the August 2022 product release by Aurora Biomed, a Canadian company that supplies automated medical devices. They announced the VERSA NAP Automated DNA Extraction Systems, also known as the automated nucleic acid extraction system, which serves to automate the process of extracting DNA and RNA, as well as their associated purification protocols. This system has the capacity to handle between 1 to 96 samples simultaneously, isolating pure, high-grade DNA or RNA via its plate grippers and transporters, ultimately delivering superior nucleic acid results.
What Are the Major Market Players Making an Impact on theAutomated Nucleic Acid Extraction Devices Market Growth?
Major companies operating in the automated nucleic acid extraction devices market include QIAGEN NV, PerkinElmer Inc., F. Hoffmann-La Roche AG, Die Analytik Jena GmbH, Thermo Fisher Scientific Inc., Accubiomed Co. Ltd., AutoGen Inc., Bioneer Corporation, Illumina Inc., Tecan Trading AG, Merck Co. & KGaA, Becton Dickinson and Company, DiaSorin Molecular LLC, BioTeke Corporation (Wuxi) Co. Ltd., Tianlong-Xi’an TianLong Science and Technology Co. Ltd., Jiangsu Bioperfectus Technologies Co. Ltd., Hangzhou Bloer Technology Co. Ltd., MGI Tech Co. Ltd., Aurora Biomed Inc., Promega Corporation, Hamilton Company, Tecan Group Ltd., Beckman CoulterInc., Bio-Rad Laboratories Inc., Zymo Research Corporation, Agilent Technologies Inc., Danaher Corporation, BioChain Institute Inc., Biomatrica Inc., Corbett Life Science Pty Ltd., Eppendorf AG, GE Healthcare Life Sciences, GenScript Biotech Corporation, Greiner Bio-One International GmbH, IntegenX Inc., LGC Biosearch Technologies, MicroGEM International Company, Norgen Biotek Corp.
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How Are the Key Segments of the Automated Nucleic Acid Extraction Devices Market Driving Opportunities and Innovations?
The automated nucleic acid extraction devices market covered in this report is segmented –
1) By Type: Instruments, Kits, Consumables
2) By Product: Fully Automated, Semi-Automated
3) By End User: Hospitals, Diagnostic Centers, Forensic Laboratories, Pharmaceutical And Biotechnology Companies, Academic Research Institutes
Subsegments:
1) By Instruments: Automated Extractors, Liquid Handling Systems
2) By Kits: DNA Extraction Kits, RNA Extraction Kits, Viral Nucleic Acid Extraction Kits
3) By Consumables: Reagents, Columns, Tips And Tubes
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