The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The worldwide nucleic acid extraction instruments and reagents market is anticipated to expand from $3.80 billion in 2022 to $4.22 billion in 2023, with a compound annual growth rate (CAGR) of 10.9%. Forecasts indicate that the nucleic acid extraction instruments and reagents market will achieve $6.26 billion in 2027, exhibiting a CAGR of 10.4%.

North America held the largest nucleic acid extraction instruments and reagents market share.

Nucleic Acid Extraction Instruments And Reagents Market Driver
The rising incidence of chronic diseases is set to drive the nucleic acid extraction instruments and reagents market. Chronic illnesses are enduring conditions that develop gradually and last for an extended period. Nucleic acid extraction instruments and reagents have a vital role in managing chronic diseases, primarily in molecular diagnostics and research. They are essential for chronic disease study, diagnosis, tracking, and treatment. These tools enable genetic testing, biomarker analysis, research, pharmacogenomic testing, and disease monitoring, enhancing our understanding and management of chronic ailments. For example, by January 2023, the National Centre for Biotechnology Information predicts a 99.5% increase in chronic disease cases from 71.522 million to 142.66 million by 2050. Thus, the surge in chronic diseases is propelling the nucleic acid extraction instruments and reagents market.

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Prominent Nucleic Acid Extraction Instruments And Reagents Market Trend
Technology innovations are a prominent trend in the nucleic acid extraction instruments and reagents market. Companies within this market are embracing new technologies to maintain their market position. For example, in November 2021, One BioMed Pte Ltd, a Singapore-based molecular life science company, introduced the cartridge-based Xceler8™ Nucleic Acid Extraction Technology. The Xceler8 Platform marks a significant milestone in the evolution of nucleic acid extraction technology, streamlining sample preparation and creating a seamless workflow for users. This technology is designed for extracting nucleic acids (DNA or RNA) from biological samples.

Nucleic Acid Extraction Instruments And Reagents Market Prominent Players
Major players in the nucleic acid extraction instruments and reagents market are Thermo Fisher Scientific Inc., F Hoffmann-La Roche Ltd., Merck Group, Corning Incorporated, Agilent Technologies Inc., PerkinElmer, Illumina Inc., Beckman Coulter, Bio-Rad Laboratories Inc., Qiagen NV, Eppendorf AG, LGC Biosearch Technologies, Promega Corporation, RBC Bioscience Corp., Takara Bio Inc., Meridian Bioscience, Bioneer Corporation, Macherey-Nagel, New England Biolabs, Miltenyi Biotec, Omega Bio-tek, BioVision Inc., Norgen Biotek Corp., Biosan Laboratories Inc., G-Biosciences, ADS Biotec Inc., BioChain Institute Inc., and Lucigen Corporation.

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Key Nucleic Acid Extraction Instruments And Reagents Market Segments
The global nucleic acid extraction instruments and reagents market is segmented –
1) By Type: Instruments, Spin Columns, Beads Or Magnetic Beads, Automated Nucleic Acid Extraction Systems, Extraction Kits And Reagents And Consumables, Other Types
2) By Extraction Type: DNA Extraction, DNA Or RNA Extraction, RNA Extraction
3) By Method: Solution-Based Methods, Solid-Phase-Based Methods
4) By End User: Academic Research Institutes, Hospitals And Diagnostic Centers, Pharmaceutical And Biotechnology Industry, Contract Research Organizations (CROs), Other End Users

The Nucleic Acid Extraction Instruments And Reagents Global Market Report 2023  provides a comprehensive overview on the nucleic acid extraction instruments and reagents market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the nucleic acid extraction instruments and reagents market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
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