Automated Nucleic Acid Extraction Devices Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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How has the automated nucleic acid extraction devices market size evolved in recent years?
In recent times, the market size of automated nucleic acid extraction devices has seen significant expansion. The estimates put the market size at $5.93 billion in 2024, and it’s predicted to increase to $6.63 billion in 2025, marking a compound annual growth rate (CAGR) of 11.7%. Several factors have contributed to this historical growth, such as a surge in demand for molecular diagnostics, rising recognition of automation benefits, the growth of the pharmaceutical and biotechnology sectors, government policies supporting molecular diagnostics, and a steadily growing demand for these diagnostics.
What are the predictions for the automated nucleic acid extraction devices market size in the coming years?
Over the forthcoming years, the market size of automated nucleic acid extraction devices is predicted to experience significant growth. The value of this market is projected to rise to $11.31 billion by 2029, with a compound annual growth rate (CAGR) of 14.3%. The surge during this forecast period can be credited to the escalating demand for personalized medicine, automation, precision medicine, point-of-care testing and integration with next-generation sequencing. The forecast period is also expected to witness trends such as technological advancements, growing demand for molecular diagnostics, the miniaturization of automated systems, point-of-care testing, and the incorporation of artificial intelligence (AI) and data analytics.
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What key factors are fueling the growth of the automated nucleic acid extraction devices market?
The escalation of research and development activities is projected to stimulate the expansion of the automated nucleic acid extraction devices market. These activities, performed by businesses to investigate and collect market data ahead of the development process, play a crucial role in launching new products and services to boost the company’s profitability. Automated nucleic acid extraction devices find their applications in clinical diagnosis, biological analysis, and environmental monitoring, acting as a catalyst in companies’ drive to innovate. As per the World Health Organization (WHO), a Switzerland-based specialized health agency of the United Nations, the ability of countries to conduct genomic surveillance has soared from 54% to 68% between March 2021 and January 2022 on account of the enhanced investments during the COVID-19 pandemic. It is therefore inferred that the rising volume of research and development activities is fuelling the growth of the automated nucleic acid extraction devices market.
How is the global automated nucleic acid extraction devices market divided into key segments?
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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Who are the key firms paving the way for growth in the automated nucleic acid extraction devices market?
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.
Which trends are expected to transform the automated nucleic acid extraction devices market?
One notable trend emerging in the automated nucleic acid extraction devices market is the emphasis on product innovation. Prominent companies within this sector are focusing on the introduction of novel products to maintain their market standing. For example, Aurora Biomed, a firm based in Canada that manufactures automated medical equipment, rolled out the VERSA NAP Automated DNA Extraction Systems (also referred to as the automated nucleic acid extraction system) in August 2022. This system has the capacity to automate DNA and RNA extractions along with their associated purification protocols. Capable of handling 1-96 samples simultaneously, the system uses its plate grippers and transporters to yield pure DNA or RNA of high quality, and consistently delivers impressive nucleic acid results.
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What regions are contributing significantly to the growth of the automated nucleic acid extraction devices market?
North America was the largest region in the automated nucleic acid extraction devices market in 2024. The regions covered in the automated nucleic acid extraction devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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